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PARAGON FINANCE PLC
51 HOMER ROAD, SOLIHULL, WEST MIDLANDS, B91 3QJCompany Number: 01917566
Incorporation date: 29-May-1985
Status: Active
Entity type: Public Limited Company
SIC codes:
64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
SUMMARY
This company is 38.9 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 234.7 million which has decreased from the previous year's figure of GBP 239.1 million. The company has 4 active officers (directors or partners) who are or were officers of 168 other companies, 46 (27.4%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are 7 court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 31-Mar-2025Accounts Filed: FULL (30-Sep-2023)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
30-Sep-2019 | GBP | 12,731,000 | 4,343,000 | 2,308,000 | 9,256,000 | ||
30-Sep-2018 | GBP | 13,244,000 | 4,239,000 | 2,859,000 | 12,255,000 | ||
30-Sep-2017 | GBP | 29,328,000 | 26,526,000 | 4,194,000 | 15,474,000 | ||
30-Sep-2016 | GBP | 33,907,000 | 30,197,000 | 7,209,000 | 25,695,000 | ||
30-Sep-2015 | GBP | 38,599,000 | 35,443,000 | 4,198,000 | 22,200 | ||
30-Sep-2014 | GBP | 36,542,000 | 33,976,000 | 4,041,000 | 15,864,000 | ||
30-Sep-2013 | GBP | 34,792,000 | 34,251,000 | 445,000 | 16,050,000 | ||
30-Sep-2012 | GBP | 41,162,000 | 35,273,000 | 3,725,000 | 6,738,000 | ||
30-Sep-2011 | GBP | 42,385,000 | 34,601,000 | 1,819,000 | 3,638,000 | ||
30-Sep-2010 | GBP | 51,777,000 | 39,310,000 | 2,162,000 | 5,343,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
30-Sep-2019 | GBP | 89,608,000 | 405,746,000 | 136,536,000 | 76,164,000 | 158,563,000 | 234,727,000 | ||
30-Sep-2018 | GBP | 104,104,000 | 294,606,000 | 76,164,000 | 162,951,000 | 239,115,000 | |||
30-Sep-2017 | GBP | 46,000 | 77,233,000 | 32,817,000 | 76,164,000 | 142,383,000 | 218,547,000 | ||
30-Sep-2016 | GBP | 518,407,000 | 303,859,000 | 53,447,000 | 102,657,000 | 156,104,000 | |||
30-Sep-2015 | GBP | 470,495,000 | 295,571,000 | 53,447,000 | 104,233,000 | 157,680,000 | |||
30-Sep-2014 | GBP | 463,574,000 | 305,929,000 | 53,447,000 | 90,320,000 | 143,767,000 | |||
30-Sep-2013 | GBP | 579,906,000 | 436,616,000 | 53,447,000 | 77,237,000 | 130,684,000 | |||
30-Sep-2012 | GBP | 577,527,000 | 449,582,000 | 53,447,000 | 63,832,000 | 117,279,000 | |||
30-Sep-2011 | GBP | -84,000 | 340,782,000 | 359,849,000 | 53,447,000 | 57,722,000 | 111,169,000 | ||
30-Sep-2010 | GBP | -84,000 | 619,357,000 | 658,735,000 | 53,447,000 | 54,557,000 | 108,004,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
30-Sep-2017 | GBP | 29.83% | 22,717,000 | 53,447,000 | 76,164,000 | 64,782,500 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Ciara MURPHY | 01 Jun 2020 | 29 Mar 2024 | 1 - 0 | ||
Resigned | Pandora SHARP | 30 Jun 2014 | 01 Jun 2020 | 0 - 1 | ||
Resigned | John Grigor GEMMELL | 01 Nov 1993 | 30 Jun 2014 | 0 - 254 | ||
Resigned | Richard Dominic SHELTON | 01 Aug 1991 | 01 Nov 1993 | Solicitor | Fritish | 0 - 54 |
Resigned | Richard Dominic SHELTON | 01 Nov 1993 | 0 - 54 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Zeshan KHAN | 16 Feb 2023 | Chief Operating Officer | British | 1 - 0 | 0 (0.0%) | |
Resigned | Malcolm Sydney HAYES | 01 Jun 2015 | 03 Oct 2019 | Chief Risk Officer | British | 2 - 3 | 1 (20.0%) |
Resigned | Pamela Elizabeth ROWLAND | 27 Mar 2015 | 06 Jan 2023 | Chief Operating Officer | British | 1 - 1 | 0 (0.0%) |
Active | Keith Graham ALLEN | 04 Mar 2015 | Accountant | British | 61 - 75 | 24 (17.6%) | |
Active | Richard James WOODMAN | 25 Apr 2014 | Company Director | British | 66 - 76 | 24 (16.9%) | |
Resigned | Richard Dominic SHELTON | 06 Jun 2008 | 03 Feb 2021 | Company Solicitor | British | 0 - 167 | 50 (29.9%) |
Resigned | John Alexander HARVEY | 04 Mar 2008 | 04 Mar 2015 | Head Of Structered Finance | British | 1 - 55 | 23 (41.1%) |
Resigned | John Andrew HERON | 15 Oct 2003 | 06 Jan 2020 | Director | British | 1 - 18 | 1 (5.3%) |
Resigned | Adem MEHMET | 14 May 1999 | 14 May 2010 | Director | British | 0 - 53 | 16 (30.2%) |
Resigned | Richard Peter Timothy, Dr KOSTER | 05 Aug 1998 | 20 Aug 1998 | Director | British | 1 - 4 | 2 (40.0%) |
Resigned | Pawan PANDYA | 05 Aug 1998 | 20 Aug 1998 | Director | British | 0 - 5 | 0 (0.0%) |
Resigned | Judith Ann BRINDLEY | 05 Aug 1998 | 20 Aug 1998 | Auditor | British | 0 - 2 | 0 (0.0%) |
Resigned | John Grigor GEMMELL | 24 Oct 1996 | 30 Jun 2014 | Group Company Secretary | British | 0 - 254 | 80 (31.5%) |
Resigned | Richard Dominic SHELTON | 27 May 1994 | 11 Feb 2008 | Solicitor | British | 0 - 54 | 29 (53.7%) |
Resigned | Jonathan Peter Langman PERRY | 29 Apr 1994 | 08 Feb 2007 | Chairman | British | 1 - 12 | 2 (15.4%) |
Active | Nigel Stewart TERRINGTON | 24 Jan 1994 | Chief Executive | British | 6 - 58 | 27 (42.2%) | |
Resigned | Peter Ralph SHORTHOUSE | 24 May 1993 | 06 Mar 1994 | Director | British | 0 - 6 | 2 (33.3%) |
Resigned | Brian Christopher MURKIN | 18 Feb 1993 | 03 Oct 1995 | Director | British | 0 - 6 | 2 (33.3%) |
Resigned | Christopher FRENCH | 18 Feb 1993 | 05 Jun 1995 | Director | British | 0 - 22 | 10 (45.5%) |
Resigned | Graham Charles GREEN | 22 Oct 1992 | 30 Oct 1998 | Director | British | 0 - 11 | 4 (36.4%) |
Resigned | David John EVANS | 10 Feb 1992 | 30 Sep 1993 | Divisional Director | British | 0 - 4 | 2 (50.0%) |
Resigned | Christopher Hugh DELOYDE | 09 Oct 1991 | 06 Sep 1993 | Director | British | 0 - 6 | 3 (50.0%) |
Resigned | Peter Andrew KENT | 03 Oct 1995 | Director | British | 0 - 1 | 0 (0.0%) | |
Resigned | Peter Ralph SHORTHOUSE | 06 Mar 1994 | Director | British | 0 - 6 | 2 (33.3%) | |
Resigned | Richard Dominic SHELTON | 11 Feb 2008 | Solicitor | British | 0 - 54 | 29 (53.7%) | |
Resigned | Jonathan Peter Langman PERRY | 08 Feb 2007 | Chairman | British | 1 - 12 | 2 (15.4%) | |
Resigned | John Andrew HERON | 06 Jan 2020 | Director | British | 1 - 18 | 1 (5.3%) | |
Resigned | David John EVANS | 30 Sep 1993 | Divisional Director | British | 0 - 4 | 2 (50.0%) | |
Resigned | Christopher Hugh DELOYDE | 06 Sep 1993 | Director | British | 0 - 6 | 3 (50.0%) | |
Resigned | Roy Neil BINGHAM | 24 May 1993 | Director | British | 0 - 27 | 16 (59.3%) | |
Active | Nigel Stewart TERRINGTON | Chief Executive | British | 6 - 58 | 27 (42.2%) | ||
Resigned | Nicholas KEEN | 31 May 2014 | Director | British | 0 - 130 | 38 (29.2%) |
Average tenure of active directors: 10.1 years
Average tenure of resigned directors: 4.4 years
Average active director Dissolution Rate: 23.8%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2018-01-02 | 2016-01-02 | 2015-01-02 | 2014-01-02 | 2013-01-02 | ||
PARAGON BANK PLC | ORDINARY | 101,552,255 100% | 0 0% | 0 0% | 0 0% | 0 0% |
THE PARAGON GROUP OF COMPANIES PLC | ORDINARY | 0 0% | 71,262,520 100.0% | 71,262,520 100.0% | 71,262,520 100.0% | 71,262,520 100.0% |
PANDORA SHARP | ORDINARY | 0 0% | 1 0.000% | 1 0.000% | 0 0% | 0 0% |
JOHN GRIGOR GEMMELL | ORDINARY | 0 0% | 0 0% | 0 0% | 1 0.000% | 1 0.000% |
SHAREHOLDINGS (BETA)
Company name | Share class | Shares at confimation date | |||
---|---|---|---|---|---|
2015-08-14 | 2014-08-14 | 2013-08-14 | 2012-08-14 | ||
PARAGON FINANCE PLC | ORDINARY | 49,999 100% | 49,999 100% | 49,999 100% | 49,999 100% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
PARAGON FINANCE PLC
no controlled companies
LATE PAYMENTS REPORT
Start date | End date | Average days to pay | % invoices paid over 60 days | % invoices not paid within agreed terms | Gov.uk report |
---|---|---|---|---|---|
2023-04-01 | 2023-09-30 | 21 | 6% | 14% | 77033 |
2022-10-01 | 2023-03-31 | 28 | 8% | 29% | 70837 |
2022-04-01 | 2022-09-30 | 22 | 6% | 18% | 64135 |
2021-10-01 | 2022-03-31 | 21 | 5% | 20% | 57753 |
2021-04-01 | 2021-09-30 | 22 | 5% | 19% | 51340 |
2020-10-01 | 2021-03-31 | 30 | 10% | 22% | 44149 |
2020-04-01 | 2020-09-30 | 35 | 14% | 36% | 37717 |
2019-10-01 | 2020-03-31 | 27 | 6% | 24% | 30699 |
2019-04-01 | 2019-09-30 | 22 | 4% | 14% | 23516 |
2018-10-01 | 2019-03-31 | 24 | 5% | 19% | 14359 |
2018-04-01 | 2018-09-30 | 23 | 6% | 15% | 8043 |
2017-10-01 | 2018-03-31 | 24 | 5% | 19% | 1478 |
COURT CASES
Date | Title | Reference | Subject |
---|---|---|---|
2005-06-27 | Paragon Finance Plc v Pender & Anor | [2005] EWCA Civ 760 | |
2001-10-15 | Nash & Ors v Paragon Finance Plc | [2001] EWCA Civ 1466 | |
2001-09-19 | Paragon Finance Plc v Noueiri | [2001] EWCA Civ 1402 | |
2001-07-04 | Paragon Finance Plc v Noueiri | [2001] EWCA Civ 1114 | |
2001-04-24 | Paragon Finance Plc v Noueiri | [2001] EWCA Civ 603 | |
1999-03-11 | Paragon Finance Plc v Freshfields (A Firm) | [1999] EWCA Civ 955 | |
1998-07-21 | Paragon Finance Plc v D B Thakerar & Co (A Firm) | [1998] EWCA Civ 1249 |
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
BMW FINANCIAL SERVICES (GB) LIMITED | SUMMIT ONE, SUMMIT AVENUE, FARNBOROUGH, ENGLAND, GU14 0FB | 01288537 | 2017-12-31 | 870,090,000 | 231,774,000 | |
CAPITAL ONE (EUROPE) PLC | TRENT HOUSE, STATION STREET, NOTTINGHAM, NG2 3HX | 03879023 | 2017-12-31 | 566,574,000 | 166,706,000 | |
PARAGON BANKING GROUP PLC | 51 HOMER ROAD, SOLIHULL, WEST MIDLANDS, UNITED KINGDOM, B91 3QJ | 02336032 | 2018-09-30 | 451,900,000 | 145,800,000 | |
PROVIDENT PERSONAL CREDIT LIMITED | NO. 1, GODWIN STREET, BRADFORD, WEST YORKSHIRE, BD1 2SU | 00146091 | 2018-12-31 | 339,900,000 | -81,800,000 | |
NEWDAY CARDS LTD | 7 HANDYSIDE STREET, LONDON, ENGLAND, N1C 4DA | 04134880 | 2018-12-31 | 259,100,000 | 26,200,000 | |
RCI FINANCIAL SERVICES LIMITED | RIVERS OFFICE PARK DENHAM WAY, MAPLE CROSS, RICKMANSWORTH, ENGLAND, WD3 9YS | 03302462 | 2017-12-31 | 234,871,000 | 35,078,000 | |
AMIGO LOANS LTD | UNIT 11A,, THE AVENUE CENTRE, BOURNEMOUTH, ENGLAND, BH2 5RP | 04841153 | 2018-03-31 | 210,600,000 | 72,200,000 | |
ARROW GLOBAL LIMITED | BELVEDERE, 12 BOOTH STREET, MANCHESTER, UNITED KINGDOM, M2 4AW | 05606545 | 2017-12-31 | 153,292,000 | 2,254,000 | |
CREATION CONSUMER FINANCE LIMITED | WELLINGTON BUILDINGS 6TH FLOOR, WELLINGTON BUILDINGS, 2 - 4 WELLINGTON STREET, BELFAST, NORTHERN IRELAND, BT1 6HT | NI032565 | 2017-12-31 | 127,785,000 | 29,541,000 | |
HOME RETAIL GROUP CARD SERVICES LIMITED | 33 HOLBORN, LONDON, ENGLAND, EC1N 2HT | 04007072 | 2018-02-28 | 127,117,000 | 9,734,000 | |
PREMIUM CREDIT LIMITED | ERMYN HOUSE, ERMYN WAY, LEATHERHEAD, ENGLAND, KT22 8UX | 02015200 | 2017-12-31 | 119,133,000 | 43,946,000 | |
CREATION FINANCIAL SERVICES LIMITED | CHADWICK HOUSE, BLENHEIM COURT, SOLIHULL, WEST MIDLANDS, B91 2AA | 01091883 | 2017-12-31 | 86,676,000 | 28,024,000 | |
ADVANTAGE FINANCE LIMITED | 2 STRATFORD COURT C/O S&U PLC CRANMORE BOULEVARD, SHIRLEY, SOLIHULL, ENGLAND, B90 4QT | 03773673 | 2018-01-31 | 78,882,000 | 24,458,000 | |
S.D. TAYLOR LIMITED | 11TH FLOOR LANDMARK ST PETER'S SQUARE, 1 OXFORD ST, MANCHESTER, M1 4PB | 00550055 | 2017-12-31 | 50,741,000 | 1,513,000 | |
WELLS FARGO CAPITAL FINANCE (UK) LIMITED | 33 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4R 9AT | 02656007 | 2017-12-31 | 48,978,000 | 20,394,000 | |
BLEMAIN FINANCE LIMITED | LAKE VIEW, LAKESIDE, CHEADLE, CHESHIRE, SK8 3GW | 01185052 | 2018-06-30 | 47,500,000 | 8,800,000 | |
FIRST RESPONSE FINANCE LIMITED | 5 REGAN WAY, CHETWYND BUSINESS PARK, CHILWELL, NOTTINGHAM, NOTTINGHAMSHIRE, UNITED KINGDOM | 03560611 | 2018-03-31 | 41,023,376 | 11,684,534 | |
THE CAR FINANCE COMPANY (2007) LTD | THE OLD TOWN HALL, 71 CHRISTCHURCH ROAD, RINGWOOD, BH24 1DH | 06060536 | 2018-06-30 | 21,835,000 | -16,791,000 | |
OAKMORE INVESTMENTS LIMITED | 98 LIVERPOOL ROAD, FORMBY, LIVERPOOL, ENGLAND, L37 6BS | 10321045 | 2017-12-31 | 20,334,041 | 0 | |
MUTUAL CLOTHING & SUPPLY COMPANY LIMITED | 39/43 BEDFORD STREET SOUTH, LEICESTER, LE1 3JN | 00181701 | 2017-12-31 | 19,464,000 | 965,000 | |
PARAGON FINANCE PLC | 51 HOMER ROAD, SOLIHULL, WEST MIDLANDS, B91 3QJ | 01917566 | 2018-09-30 | 13,244,000 | 12,255,000 | |
PARTNERSHIP HOME LOANS LIMITED | ENTERPRISE HOUSE, BANCROFT ROAD, REIGATE, SURREY, ENGLAND, RH2 7RP | 05108846 | 2017-12-31 | 118,339 | -447,895 | |
CLB GLOBAL GROUP LTD | 21 THE GATEWAY, WATFORD, HERTFORDSHIRE, WD18 7HW | 07011241 | 2018-12-31 | 60,083 | 0 | |
ROBIN OF HEATHFIELD LIMITED | ELDERBURY HOUSE, HOWARDS THICKET, GERRARDS CROSS, BUCKINGHAMSHIRE, SL9 7NU | 09245948 | 2018-09-30 | 18,417 | 0 | |
RAVSPEED LTD | 12 VICTORIA BUNGALOWS, MAIDSTONE ROAD, SIDCUP, ENGLAND, DA14 5BB | 09442820 | 2018-03-31 | 14,489 | 0 | |
REVLINK LIMITED | UNIT 53 CARIOCCA BUSINESS PARK 2 HELLIDON CLOSE, ARDWICK, MANCHESTER, ENGLAND, M12 4AH | 07209905 | 2018-03-31 | 800 | 0 |
68209-Other letting and operating of own or leased real estate 70210-Public relations and communications activities 70229-Management consultancy activities other than financial management |
GLF LIMITED | 7 PORCHESTER PLACE, LONDON, ENGLAND, W2 2BS | 06758130 | 2017-12-31 | 0 | 0 | |
ARROW GLOBAL INVESTMENTS HOLDINGS LIMITED | BELVEDERE, 12 BOOTH STREET, MANCHESTER, UNITED KINGDOM, M2 4AW | 06568603 | 0000-00-00 | 0 | 0 | |
INTERNATIONAL PERSONAL FINANCE PLC | 26 WHITEHALL ROAD, LEEDS, UNITED KINGDOM, LS12 1BE | 06018973 | 0000-00-00 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
---|---|---|---|---|
PARAGON FINANCE PLC | 1.0% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | 0.5% | 3.3% | 9.3% | Medium |
Age | 0.3% | 1.3% | 2.4% | Medium |
Company Type | 1.7% | 4.0% | 5.9% | Medium |
Accounts category | 0.7% | 2.2% | 3.8% | Medium |
Accounting Month | 0.7% | 4.4% | 10.6% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |