Administrators for Paragon Interiors Group Plc have completed the sales of the business assets to an unconnected third party, Elev8 Interiors Limited, following a period of extensive marketing.
Jon Singh, Managing Director at Elev8, said: “We are a multi‐award winning company and have a clear vision now we have secured the purchase of Paragon. We have worked hard to establish ourselves in the marketplace, working with blue chip clients such as Coca Cola, Softbank and Heineken, to name a few. With a combined total of 53 years’ experience between the two companies we are confident and excited about the future.”
Richard Pinder, Joint Administrator, said: “We are pleased we could deliver a sale to Elev8, who are a highly regarded operator in the industry. Elev8 and the team are committed to restoring the reputation of Paragon, which might involve some recruitment of former Paragon staff members.
“We would like to thank the team at Elev8 led by Jon Singh and Bevan Hancock and also thank Paragon’s former employees for supporting the Joint Administrators throughout the last six weeks.”
West London-based Elev8 Interiors is a fit-out and refurbishment company and managing director Jon Singh joined as a director in 2018. John Rigby, the former chief operations office at Paragon Interiors has joined Elev8 to head up its Midlands business.