Bank helps Cawarden boost equipment fleet
By Steve Ducker05 December 2022
British specialist contractor Cawarden has added a Komatsu high reach demolition excavator to its equipment portfolio, following fresh funding from Paragon Bank.
Based in Derby in the English midlands, Cawarden – which also provides land remediation, earthworks, civils and groundworks project services throughout the United Kingdom – Cawarden secured over half a million pounds to acquire a Komatsu PC490HRD-11.
The new funding agreement is the latest in a series between Cawarden and Paragon’s SME Lending division, that dates back 20 years and now totals more than £10 million (US$12.2 million).
“Working with the team at Paragon has been an invaluable driver of our growth as a business,” said Cawarden managing director William Crooks.
“Thanks to their commitment to understanding our operations and providing funding solutions 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.”