Nottingham-based design and fit-out specialist, Paragon Interiors Group Plc (Paragon), has bought the assets and has taken over the contracts of troubled Ilkeston joinery manufacturer Prestige Commercial Interiors for an undisclosed sum as part of a group expansion. Previous owner Steve Watson has left the business. 

The new company, Paragon Bespoke Joinery Ltd, will safeguard the existing workforce of 20, all of whom have been given new contracts and with added investment, the business is expected to double in size in the next 12 months. Six new jobs have already been created with a further 12 expected during the first half of 2011.

Paragon Bespoke Joinery combines traditional and cutting-edge joinery services, undertaking a wide range of work for commercial and high-end domestic clients, managing the project from design through to completion.

Recent projects include restoration of internal staircases and mouldings at Winston Churchill's family home at Marble Arch, London City, on behalf of English Heritage. The team is currently onsite restoring internal timber features and new bespoke joinery at the English Heritage-owned Barbican Building in London.

Chairman Alan Hardy said: "This is a fantastic business that has massive potential with the right investment and the new management team. We will continue to operate from the existing 20,000ft2 manufacturing facility in Ilkeston where the quality of the specialist joinery work for the construction industry is among the best available."

"This greatly adds to our penetration into the retail fit-out sector, where an in-house joinery capability greatly adds to our sales proposition."