There have been changes to the financial structuring at UK furniture manufacturer Paragon Business Furniture with the formation of a new holding company called Paragon Business Concepts.
The holding company was set up at the end of last month by chief operating officer Roy Pelham. He says Paragon Business Concepts and Paragon Business Products will now operate as the trading businesses of the new venture with Paragon Business Furniture retaining an investment in the new holding company with the other shareholders – management and the company’s bankers Charterhouse. He says: “The company will benefit from the injection of material amounts of new share capital and working capital.”
21-Feb-2003
