Hampshire-based metal fabrication specialists Hurstbourne Forge has added a new Morgan Rushworth press brake to its operations, thanks to asset financing from Paragon Bank.

Based in Andover and a manufacturer of high-quality metal homewares, gifts and bespoke commissions, Hurstbourne Forge secured five-figure funding to acquire the new equipment supplied by Selmach.

The new press brake will enable the company to increase the volume of work it is able to undertake and expand the range of services it is able to provide clients, which includes precision CAD and laser cutting.

A family-run business founded by Jack and Lydia Swanborough, Hurstbourne Forge also provides a one-stop shop for metal fabrication and work for industrial and manufacturing firms – with the capability to undertake large scale and precision projects, including the option of a same-day service.

Commenting on Paragon’s funding support for Hurstbourne Forge, Jack Swanborough, said: “If it’s metal, we can make it - and thanks to the financing support from Paragon we are delighted to be able to undertake more work for our clients and expand the range of services we provide.”

He continued: “As metal fabrication specialists fulfilling high-precision commissions, we understand the need to work closely with clients to under their requirements. The team at Paragon take the same approach and provided a bespoke funding package that will help us to grow and achieve our objectives.”

Commenting on the funding arranged for Hurstbourne Forge Wayne Hall, Paragon’s Business Development Manager for manufacturing said: “It has been fantastic to work closely with Jack and learn about the Hurstbourne Forge team to gain a first-hand understanding of their business, enabling us to develop a bespoke funding package designed to fit their plans.

“Manufacturing SMEs, such as Hurstbourne Forge, are essential to our economy and Paragon is proud to work with them to help achieve their goals.”

He continued: “Through seeing their operations in person, the vital role they play in the local and wider economy is clear – and by supporting Hurstbourne Forge, Paragon is helping to support sectors that are key to economic growth.”  

For further information contact:

Tom Frew
Media Relations Manager
Paragon
E: [email protected]

www.paragonbank.co.uk

Notes to editors:

Paragon Bank PLC a subsidiary of the Paragon Banking Group PLC which is a FTSE 250 company based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group PLC has over £13 billion of assets under management and manages over 450,000 customer accounts.

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.