SME Capital is delighted to have supported design, fit out and refurbishment specialists Paramount with their recent branch out into the construction industry.

In a move that 'signals the start of an exciting new era' for the business, commercial and residential construction activity will propel Paramount towards the £40m turnover mark.

To drive forward the new 'Build' offering, which heralds a new phase in Paramount's exceptional growth, the company's leadership team has been boosted by key appointments.

Paramount's board of directors has been bolstered with Paul Thomas in a new post as construction director and in conjunction with commercial director Dimitri Tsakiris will focus on 'Build'.

Paul Jones has moved into the newly-formed post of projects director, to support the 'Build' expansion, in addition to ongoing fit-out and refurbishment works carried out by Paramount. They now form part of a senior leadership team alongside Richard Jones, Helen Bartlett and Kevin Mashford.

Richard Jones, Paramount chief executive, said:

Our move into construction signals the start of an exciting new era for Paramount, as we pursue ambitious aspirations for our dynamic company.

"After focusing on high-quality interiors comprising fit-out and refurbishment for more than 30 years, encouraged by our clients, Paramount is broadening horizons with a comprehensive construction service which represents natural progression for our company."

SME Capital Regional Director Colin James added: “We are delighted to be able to support the team in the next stage of Paramount’s growth and expansion plans. After significantly expanded its services in recent years, combined with our expectation of strong office refurbishment market demand, we believe Paramount is well positioned for future growth.”

As part of the company's new service, Paramount has underlined its ambitions by winning two major contracts. It has commenced construction work on a £18m contract on the Tene Living project in Salford, and a £3m social housing scheme in the South Wales town of Porthcawl.

The company is already well known across Wales and England where it has created high-quality inspirational space for a number of leading companies.

These include former Wales and Real Madrid football star Gareth Bale’s Par 59 bars in Cardiff and Bristol, multi-million-pound redevelopment of Hodge House in central Cardiff, refurbishment of the Development Bank of Wales HQ, transformation of the landmark 360 Bristol office complex and acclaimed office revamps in Bath for American software company SmartBear and financial services consultancy Altus