Kent's Keaveney Plant Hire buys new suction excavator thanks to Paragon financing

Kent-based Keaveney Plant Hire Ltd has bought a state-of-the-art suction excavator to help meet growing demand after securing £450,000 from Paragon bank to purchase the asset.

The machine is mounted on a Mercedes Benz Arocs 8x4x4 chassis cab and has cutting-edge features, such as a fully hydraulic articulated hose carrier, and is the ideal solution for working at distances ranging from zero to six metres, said Paragon.

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The funds were secured from Paragon's SME lending construction team in a deal led by Tracey Cronin, business development manager.

She said: "We are thrilled to assist Keaveney Plant Hire Ltd in its journey of growth and fleet expansion.
"Our partnership with Andrew Keaveney and his dedicated team has been further strengthened, and we take pride in continuing to provide financing solutions that drive its success."

Andrew Keaveney added: "Thanks to the support from Paragon Bank's SME Lending division we have secured the necessary financing to elevate our operations.

"The acquisition of the Suction Excavator enables us to meet the growing demand for this asset."

Ashford-based Keaveney Plant Hire is a division of the wider family-run business, which was founded in 2007 called The Keaveney Group.

It is recognised as a key supplier in the industry and combines family values and innovative technology, resulting in a cost-effective service with strong client partnerships.

Paragon Bank a subsidiary of the Paragon Banking Group, which is a FTSE 250 company based in Solihull, West Midlands.

Established in 1985, Paragon Banking Group PLC has over £14 billion of assets under management and has helped more than 340,000 customers to achieve their ambitions.

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