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Cawarden adds Komatsu excavator to portfolio following £600k funding from Paragon Bank

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Backing construction SMEs

Our Construction team was proud to support Derbyshire-based specialist contractor Cawarden add a Komatsu high reach demolition excavator to its equipment portfolio.

The Derby provider of demolition, land remediation, earthworks, civils and groundworks project services was founded over 35 years ago by William Crooks and today employs 120 people and has a turnover of £22 million. It provides clients with an integrated ‘destruction to construction’ solution, allowing them to deal with only one delivery contractor.

The new funding agreement is the latest in a series between Cawarden and Paragon – with funding agreements now totalling over £10 million.

How we helped

Commenting on the latest funding agreement between Paragon and Cawarden, Terry Lloyd said: “For our economy to thrive it is vital that fantastic firms, such as Cawarden, can access the funding they need to ensure they continue to grow and deliver essential services.

“Without the construction and demolition sector, our country would grind to a halt – and I am proud of the work Paragon does in keeping it moving.”  

Commenting on Paragon’s funding support for Cawarden, William Crooks said: “Providing our clients with the highest standard of service is central to our business, and with the addition of a Komatsu PC490HRD-11 to our industry-leading equipment portfolio we will continue to keep doing so in the years ahead.”

He continued: “Working with Terry and the team at Paragon has been an invaluable driver of our growth as a business. Thanks to their commitment to understanding our operations and providing funding solutions that are tailored to our requirements, we’ve been able to develop a partnership that will continue to benefit Cawarden and our clients for years to come.”  

Find out more about how we can support your business on our Asset Finance page.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551