Warranty Holdings is continuing its transformation from an extended warranty company into a “motor solutions” provider with two new joint ventures.

The company has won the contract to provide insurance products to fast growing Paragon Car Finance and launched a training and recruitment programme with specialist consultancy, Evolution.

Peter Head, WH chief executive, said: “We recognise these are tough times in the motor industry and our customers require more from us in terms of value. We will continue to broaden our product and service portfolio in the face of a developing marketplace.”

Evolution is a training and recruitment consultancy launched by Conrad Porter, a former general manager with European Motor Holdings and Dutton Forshaw. The consultancy specialises in the concept of 'one-stop' selling with a single account manager responsible for customer needs in service or sales.

Paragon Car Finance launched into finance insurance products last year but Pawan Pandya, managing director, said Warranty Holdings would allow it to expand the products giving dealers “more opportunities to maximise their income potential”.