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JPE Holdings

JPE Holdings

Supporting British businesses

Steve Birch, Director at JPE Holdings talks about his recent experiences with Paragon; the issues, challenges and the solution.

JPE has steadily developed its business of supplying aggregates, groundworks and site clearance over a period of more than 20 years. From humble beginnings of just 5 employees to now over 70 employees.

By providing the highest levels of service and a commitment to supporting sustainability in the construction industry, JPE have gained a reputation for being leaders in delivering earth and aggregate solutions.

The challenge

Following changes in Capital Allowances legislation JPE decided to look to Operating Leases as opposed to traditional Hire Purchase to fund the asset purchases for the business.

 
Paragon were responsive, professional and innovative...
 

The solution

JPE always get competitive quotes from different finance houses, banks and equipment suppliers own finance houses and decide upon the best solution for the specific piece of equipment being purchased.

By ultimately partnering with Paragon and working closely with them and the manufacturers, solutions were found that suited the business needs; and we established the correct model and best pricing solution for each asset acquired.

The hurdles

The challenges were getting residual values that met the aspirations of JPE and where this could not be achieved putting more traditional finance in place for the more difficult to value equipment.

The latest deal put together by Paragon involved them getting involved with existing finance providers to negotiate early settlements to enable the financing of the new deal to be provided wholly by Paragon.

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