All jobs lost at Paragon Interiors as deal to sell firm collapses

Alan Hardy

All staff at stricken fit-out firm Paragon Interiors have been made redundant after a deal to sell the company collapsed.

Administrators for the company say they are still trying to sell the firm.

In a statement this evening, Hardy said: “It is with immense sadness that I can confirm that the administrators have today taken the extremely difficult decision to make the incredible Paragon Interiors workforce redundant.

“Unfortunately it has been forced on them due to the collapse of the recent deal to sell Paragon, a deal I fully expected to be successful, securing jobs at Paragon and across our sites.

“However, as with all deals, it was subject to contract and has not been able to achieve the desired outcomes we were all striving so hard for.

“Paragon has been in business for 33 years, 31 of which have been very successful and profitable. However, the last two years have been incredibly challenging and we have not been able to perform as hoped or expected.

“We had a hugely talented and hardworking team at Paragon, many of whom have been with the business for over 10 years. Right now my thoughts are with everyone who has been affected by this very sad news and the entire process leading up to this and I just hope they can find the new opportunities that their talents and efforts so richly deserve.

“Negotiations are still ongoing with regards the sale of the company’s assets but now is not the time to discuss this.”

Click here for a comprehensive list of West Midlands deals >