A prototype specialist is embarking on the next phase of its expansion by putting its entire workforce through an extensive training programme.
Paragon Rapid Technologies recently completed a two-year growth plan which saw turnover rise from £2.8m to £4.1m and staff numbers from 35 to 53.
During that period the Durham Tees Valley Airport-based firm 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.
Paragon general manager Ian Jobling, who will undergo leadership and management training, said: “We’re thrilled to be working with KF Training on this exciting project.
“As a company we’ve expanded rapidly in recent years but to achieve the next phase of our growth plan we have to improve the skills base of our business.
“This training scheme will allow us to do that and if we meet our turnover projections we’ll be able to create more jobs at Paragon.”
• Pictured (bove): Sara O’Brien (second left), commercial director at KF Training with Paragon staff (from l-r): Marc Faux, production planning manager; Lee Adams, senior model maker; Ian Jobling, general manager; Alison Murray, build clean up technician.