Paragon Rapid Technologies

Paragon Rapid Technologies secure a collaboration with Peterlee-headquartered KF Training and recently completed a two-year growth plan that saw turnover rise from £2.8m to £4.1m, while staff numbers went from 35 to 53.

During the same period, the company, based at Durham Tees Valley Airport, recruited a new senior management team, made a six-figure investment in new equipment and streamlined operations to make the business more efficient.

Now the company, which makes rapid prototypes and components for the automotive, motorsport and medical sectors, has kick-started an 18-month programme to upskill all of its employees with the help of Peterlee-based KF Training.

All 53 staff will benefit from the training, which will cover strategic management and leadership, sales and marketing, business improvement techniques and store and warehouse management.

It is hoped the skills boost will trigger further growth at Paragon, which is aiming to ramp up turnover to £7m by 2018.