Paragon Banking Group Plc

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paragon banking group plc Company Information

Live

MatureMegaHigh

Company Number

02336032

Website

www.paragonbankinggroup.co.uk

Registered Address

51 homer road, solihull, west midlands, B91 3QJ

Industry

Activities of financial services holding companies

Telephone

01217122323

Next Accounts Due

March 2025

Group Structure

View All

Directors

Nigel Terrington32 Years

Richard Woodman12 Years

View All

Shareholders

-0%

paragon banking group plc Estimated Valuation

£2.2b

Pomanda estimates the enterprise value of PARAGON BANKING GROUP PLC at £2.2b based on Net Assets of £1.4b and 1.58x industry multiple (adjusted for liquidity).

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Paragon Banking Group Plc is a live company located in west midlands, B91 3QJ with a Companies House number of 02336032. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in January 1989, it's largest shareholder is unknown. Paragon Banking Group Plc is a mature, mega sized company, Pomanda has estimated its turnover at £1b with high growth in recent years.

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Pomanda's financial health check has awarded Paragon Banking Group Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

3 Weak

Size

annual sales of £1b, make it larger than the average company (£11.3m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (8.3%)

EXPORT

Paragon Banking Group Plc's latest turnover from September 2023 is £1 billion and the company has net assets of £1.4 billion. According to their latest financial statements, Paragon Banking Group Plc has 1,527 employees and maintains cash reserves of £3 billion as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,010,600,000	545,700,000	443,500,000	491,700,000	505,700,000	451,900,000	409,200,000	411,400,000	341,000,000	302,400,000	269,000,000	293,800,000	258,000,000	275,600,000	508,200,000
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	561,700,000	174,500,000	133,000,000	213,600,000	227,300,000	197,300,000	176,600,000	188,200,000	143,600,000	123,000,000	108,000,000	136,000,000	122,200,000	142,200,000	373,400,000
Gross Profit	448,900,000	371,200,000	310,500,000	278,100,000	278,400,000	254,600,000	232,600,000	223,200,000	197,400,000	179,400,000	161,000,000	157,800,000	135,800,000	133,400,000	134,800,000
Admin Expenses	171,300,000	145,200,000	116,300,000	159,700,000	119,400,000	74,300,000	87,800,000	80,000,000	62,700,000	57,200,000	57,500,000	63,600,000	54,700,000	67,300,000	89,500,000
Operating Profit	277,600,000	226,000,000	194,200,000	118,400,000	159,000,000	180,300,000	144,800,000	143,200,000	134,700,000	122,200,000	103,500,000	94,200,000	81,100,000	66,100,000	45,300,000
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	199,900,000	417,900,000	213,700,000	118,400,000	159,000,000	181,500,000	144,800,000	143,200,000	134,200,000	122,800,000	104,800,000	95,500,000	80,800,000	71,800,000	54,300,000
Tax	-46,000,000	-104,300,000	-49,200,000	-27,100,000	-31,600,000	-35,700,000	-27,600,000	-27,200,000	-27,100,000	-25,600,000	-20,100,000	-23,300,000	-21,200,000	-17,900,000	-13,200,000
Profit After Tax	153,900,000	313,600,000	164,500,000	91,300,000	127,400,000	145,800,000	117,200,000	116,000,000	107,100,000	97,200,000	84,700,000	72,200,000	59,600,000	53,900,000	41,100,000
Dividends Paid	0	68,900,000	54,600,000	0	54,000,000	43,100,000	38,000,000	33,900,000	29,100,000	23,700,000	3,900,000	12,300,000	11,100,000	10,000,000	9,200,000
Retained Profit	153,900,000	244,700,000	109,900,000	91,300,000	73,400,000	102,700,000	79,200,000	82,100,000	78,000,000	73,500,000	80,800,000	59,900,000	48,500,000	43,900,000	31,900,000
Employee Costs	111,500,000	106,300,000	90,200,000	79,700,000	81,200,000	74,800,000	66,000,000	60,100,000	46,900,000	41,200,000	37,400,000	33,100,000	27,900,000	26,200,000	23,700,000
Number Of Employees	1,527	1,503	1,441	1,391	1,365	1,367	1,317	1,249	1,020	933	814	1,451	651	611	596
EBITDA*	277,600,000	241,600,000	209,400,000	123,900,000	170,500,000	184,300,000	152,700,000	149,700,000	137,600,000	125,100,000	106,800,000	97,300,000	84,000,000	69,300,000	49,200,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	15,248,800,000	71,400,000	99,200,000	66,100,000	63,500,000	56,800,000	952,800,000	1,412,700,000	10,767,900,000	9,992,500,000	9,724,900,000	9,515,900,000	9,902,600,000	10,093,800,000	10,657,100,000
Intangible Assets	168,200,000	170,200,000	170,500,000	170,100,000	171,100,000	169,300,000	104,400,000	105,400,000	7,700,000	7,900,000	8,500,000	9,100,000	9,300,000	9,200,000	9,600,000
Investments & Other	15,174,100,000	0	0	0	0	0	906,600,000	1,373,500,000	10,745,800,000	9,969,600,000	9,715,300,000	9,505,200,000	9,891,200,000	10,080,100,000	10,640,800,000
Debtors (Due After 1 year)	0	0	14,400,000	0	6,200,000	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	15,417,000,000	241,600,000	255,300,000	236,200,000	234,600,000	226,100,000	1,057,200,000	1,518,100,000	10,775,600,000	10,000,400,000	9,733,400,000	9,525,000,000	9,911,900,000	10,103,000,000	10,666,700,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	1,900,000	1,300,000	0	0	2,800,000	4,400,000	0	0	0	200,000	200,000	500,000	500,000	500,000
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	37,300,000	67,900,000	0	0	16,200,000	11,123,700,000	12,700,000	6,200,000	6,500,000	7,400,000	7,100,000	4,200,000	5,400,000	5,000,000
Cash	2,994,300,000	1,930,900,000	1,360,100,000	1,925,000,000	1,225,400,000	1,310,600,000	1,496,900,000	1,237,600,000	1,056,000,000	848,800,000	587,300,000	504,800,000	571,600,000	536,700,000	480,400,000
misc current assets	0	14,436,500,000	13,452,400,000	13,338,600,000	12,935,500,000	12,932,200,000	0	10,750,000,000	41,100,000	39,400,000	0	0	0	0	1,700,000
total current assets	3,003,200,000	16,412,000,000	14,881,700,000	15,269,300,000	14,160,900,000	14,261,800,000	12,625,000,000	12,000,300,000	1,103,300,000	894,700,000	594,900,000	512,100,000	576,300,000	542,600,000	487,600,000
total assets	18,420,200,000	16,653,600,000	15,137,000,000	15,505,500,000	14,395,500,000	14,487,900,000	13,682,200,000	13,518,400,000	11,878,900,000	10,895,100,000	10,328,300,000	10,037,100,000	10,488,200,000	10,645,600,000	11,154,300,000
Bank overdraft	200,000	0	0	0	0	0	600,000	0	0	0	1,400,000	600,000	600,000	100,000	300,000
Bank loan	2,750,000,000	13,905,900,000	12,846,700,000	2,512,600,000	788,500,000	1,961,100,000	1,306,000,000	1,574,200,000	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	2,700,000	51,100,000	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	67,900,000	511,400,000	559,900,000	3,849,500,000	4,419,400,000	6,004,800,000	6,920,600,000	8,928,400,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	1,600,000	1,400,000	1,200,000	1,100,000	800,000
other current liabilities	14,191,500,000	774,600,000	478,200,000	7,987,400,000	8,044,700,000	5,425,500,000	3,636,400,000	1,985,900,000	395,100,000	106,400,000	42,100,000	50,000,000	49,000,000	48,600,000	30,900,000
total current liabilities	17,009,600,000	15,191,900,000	13,884,800,000	14,349,500,000	13,252,600,000	13,394,100,000	11,914,700,000	12,488,500,000	395,100,000	106,400,000	45,100,000	52,000,000	50,800,000	49,800,000	32,000,000
loans	0	0	0	0	0	0	1,414,000,000	0	10,481,400,000	9,814,000,000	18,766,800,000	10,622,500,000	11,178,200,000	11,302,100,000	20,741,600,000
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	8,600,000	10,200,000	11,600,000	12,800,000	11,800,000
Accruals and Deferred Income	0	0	0	0	0	0	9,500,000	0	0	0	900,000	0	0	0	2,500,000
other liabilities	0	0	0	0	0	0	0	0	100,000	200,000	0	1,100,000	1,500,000	1,600,000	0
provisions	0	88,800,000	20,600,000	0	69,000,000	40,600,000	69,200,000	120,800,000	65,600,000	54,800,000	51,200,000	43,000,000	38,800,000	33,000,000	23,000,000
total long term liabilities	0	44,400,000	10,300,000	0	34,500,000	20,300,000	758,100,000	60,400,000	10,514,300,000	9,841,600,000	9,409,900,000	9,181,600,000	9,695,400,000	9,903,800,000	10,471,500,000
total liabilities	17,009,600,000	15,236,300,000	13,895,100,000	14,349,500,000	13,287,100,000	13,414,400,000	12,672,800,000	12,548,900,000	10,909,400,000	9,948,000,000	9,455,000,000	9,233,600,000	9,746,200,000	9,953,600,000	10,503,500,000
net assets	1,410,600,000	1,417,300,000	1,241,900,000	1,156,000,000	1,108,400,000	1,073,500,000	1,009,400,000	969,500,000	969,500,000	947,100,000	873,300,000	803,500,000	742,000,000	692,000,000	650,800,000
total shareholders funds	1,410,600,000	1,417,300,000	1,241,900,000	1,156,000,000	1,108,400,000	1,073,500,000	1,009,400,000	969,500,000	969,500,000	947,100,000	873,300,000	803,500,000	742,000,000	692,000,000	650,800,000

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	277,600,000	226,000,000	194,200,000	118,400,000	159,000,000	180,300,000	144,800,000	143,200,000	134,700,000	122,200,000	103,500,000	94,200,000	81,100,000	66,100,000	45,300,000
Depreciation	0	13,600,000	13,200,000	3,500,000	9,100,000	1,900,000	6,300,000	4,900,000	1,500,000	1,600,000	2,100,000	2,100,000	2,000,000	2,500,000	3,200,000
Amortisation	0	2,000,000	2,000,000	2,000,000	2,400,000	2,100,000	1,600,000	1,600,000	1,400,000	1,300,000	1,200,000	1,000,000	900,000	700,000	700,000
Tax	-46,000,000	-104,300,000	-49,200,000	-27,100,000	-31,600,000	-35,700,000	-27,600,000	-27,200,000	-27,100,000	-25,600,000	-20,100,000	-23,300,000	-21,200,000	-17,900,000	-13,200,000
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-39,200,000	-44,400,000	83,600,000	-6,200,000	-12,800,000	-11,109,100,000	11,115,400,000	6,500,000	-300,000	-1,100,000	300,000	2,600,000	-1,200,000	400,000	5,500,000
Creditors	0	0	0	0	-2,700,000	-48,400,000	51,100,000	0	0	0	0	0	0	0	0
Accruals and Deferred Income	13,416,900,000	296,400,000	-7,509,200,000	-57,300,000	2,619,200,000	1,779,600,000	1,660,000,000	1,590,800,000	288,700,000	63,400,000	-7,000,000	1,000,000	400,000	15,200,000	33,400,000
Deferred Taxes & Provisions	-88,800,000	68,200,000	20,600,000	-69,000,000	28,400,000	-28,600,000	-51,600,000	55,200,000	10,800,000	3,600,000	8,200,000	4,200,000	5,800,000	10,000,000	23,000,000
Cash flow from operations	13,598,900,000	546,300,000	-7,412,000,000	-23,300,000	2,796,600,000	12,960,300,000	-9,330,800,000	1,762,000,000	410,300,000	167,600,000	87,600,000	76,600,000	70,200,000	76,200,000	86,900,000
Investing Activities
capital expenditure	-15,175,400,000	12,500,000	-48,700,000	-7,100,000	-20,000,000	827,100,000	453,000,000	9,251,000,000	-778,100,000	-269,900,000	-211,700,000	383,800,000	188,200,000	560,500,000	-10,670,600,000
Change in Investments	15,174,100,000	0	0	0	0	-906,600,000	-466,900,000	-9,372,300,000	776,200,000	254,300,000	210,100,000	-386,000,000	-188,900,000	-560,700,000	10,640,800,000
cash flow from investments	-30,349,500,000	12,500,000	-48,700,000	-7,100,000	-20,000,000	1,733,700,000	919,900,000	18,623,300,000	-1,554,300,000	-524,200,000	-421,800,000	769,800,000	377,100,000	1,121,200,000	-21,311,400,000
Financing Activities
Bank loans	-11,155,900,000	1,059,200,000	10,334,100,000	1,724,100,000	-1,172,600,000	655,100,000	-268,200,000	1,574,200,000	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	-443,500,000	-48,500,000	-3,289,600,000	-569,900,000	-1,585,400,000	-915,800,000	-2,007,800,000	8,928,400,000	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-1,414,000,000	1,414,000,000	-10,481,400,000	667,400,000	-8,952,800,000	8,144,300,000	-555,700,000	-123,900,000	-9,439,500,000	20,741,600,000
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	-10,200,000	-1,400,000	-1,200,000	-1,100,000	1,300,000	12,600,000
other long term liabilities	0	0	0	0	0	0	0	-100,000	-100,000	200,000	-1,100,000	-400,000	-100,000	1,600,000	0
share issue	-160,600,000	-69,300,000	-24,000,000	-43,700,000	-38,500,000	-38,600,000	-39,300,000	-82,100,000	-55,600,000	300,000	-11,000,000	1,600,000	1,500,000	-2,700,000	618,900,000
interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from financing	-11,760,000,000	941,400,000	7,020,500,000	1,110,500,000	-2,796,500,000	-1,713,300,000	-901,300,000	-61,000,000	611,700,000	-8,962,500,000	8,130,800,000	-555,700,000	-123,600,000	-9,439,300,000	21,373,100,000
cash and cash equivalents
cash	1,063,400,000	570,800,000	-564,900,000	699,600,000	-85,200,000	-186,300,000	259,300,000	181,600,000	207,200,000	261,500,000	82,500,000	-66,800,000	34,900,000	56,300,000	480,400,000
overdraft	200,000	0	0	0	0	-600,000	600,000	0	0	-1,400,000	800,000	0	500,000	-200,000	300,000
change in cash	1,063,200,000	570,800,000	-564,900,000	699,600,000	-85,200,000	-185,700,000	258,700,000	181,600,000	207,200,000	262,900,000	81,700,000	-66,800,000	34,400,000	56,500,000	480,100,000

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PARAGON BANKING GROUP PLC group structure

Paragon Banking Group Plc has 65 subsidiary companies.

Ultimate parent company

PARAGON BANKING GROUP PLC

02336032

65 subsidiaries

PARAGON SERVICING LIMITED

06595758

FINANCE FOR PEOPLE (NO.4) PLC

03203909

HOMELOANS (NO. 4) PLC

03696161

PARAGON PERSONAL FINANCE (1) LIMITED

03303798

HERBERT (10) PLC

02965528

FIRST FLEXIBLE (NO. 7) PLC

04579544

MOORGATE SERVICING LIMITED

03303751

PARAGON FOURTH FUNDING LIMITED

05390155

PARAGON VEHICLE CONTRACTS LIMITED

01851027

HERBERT (5) PLC

02965523

PARAGON MORTGAGES (NO.14) PLC

06043254

HERBERT (7) PLC

02965525

COLLATERALISED MORTGAGE SECURITES (NO 12) PLC

02153571

PARAGON CAR FINANCE (1) LIMITED

03203928

PARAGON MORTGAGES (NO.23) HOLDINGS LIMITED

09304318

YORKSHIRE FREEHOLDS LIMITED

03303800

IDEM CAPITAL HOLDINGS LIMITED

07737522

PLYMOUTH FUNDING LIMITED

02337278

NHL THIRD FUNDING CORPORATION LIMITED

02036130

PARAGON MORTGAGES (NO. 5) PLC

03696169

MORTGAGE FUNDING CORPORATION PLC

01921487

SPV SECURITIES LIMITED

06904002

PARAGON MORTGAGES (NO.27) LIMITED

06595581

PARAGON LOAN FINANCE (NO. 1) LIMITED

02173068

PARAGON MORTGAGES (NO. 12) PLC

05386924

HERBERT (8) PLC

02965526

HERBERT (6) PLC

02965524

PARAGON DEALER FINANCE LIMITED

02433063

PARAGON MORTGAGES (NO.9) PLC

04513176

THE BUSINESS MORTGAGE COMPANY LIMITED

05390573

PARAGON PENSION INVESTMENTS GP LIMITED

SC569102

PARAGON MORTGAGES (NO.8) PLC

04513172

NHL SECOND FUNDING CORPORATION LIMITED

02047008

PARAGON MORTGAGES (NO.1) PLC

03696179

PARAGON MORTGAGES (NO. 17) PLC

06356366

PARAGON MORTGAGES (NO.15) PLC

06212267

PARAGON MORTGAGES (NO. 13) PLC

05393650

PARAGON PERSONAL AND AUTO FINANCE (NO. 3) PLC

04513186

EARLSWOOD FINANCE LIMITED

04513342

HERBERT (1) PLC

02965519

PARAGON MORTGAGES (NO.11) PLC

04513183

PARAGON MORTGAGES (NO.10) PLC

04514738

HERBERT (9) PLC

02965527

PARAGON MORTGAGES (NO. 4) PLC

03696156

HERBERT (2) PLC

02965520

PARAGON SECURED FINANCE (NO. 1) PLC

04513329

PARAGON PENSION PLAN TRUSTEES LIMITED

07837324

PARAGON LOAN FINANCE (NO. 2) LIMITED

02173065

YORKSHIRE LEASEHOLDS LIMITED

02433064

REDBRICK REAL ESTATE SERVICES LIMITED

03303782

FINANCE FOR PEOPLE (NO.3) LIMITED

03203932

PARAGON BANK PLC

05390593

TOWNEND FARM (EASINGTON) MANAGEMENT COMPANY LIMITED

08013844

UNIVERSAL CREDIT LIMITED

01981317

PARAGON THIRD FUNDING LIMITED

04577689

PARAGON MORTGAGES (NO. 16) PLC

06352605

HERBERT (4) PLC

02965522

PARAGON LENDING LIMITED

06595722

PARAGON CAR FINANCE LIMITED

05390290

PARAGON LOAN FINANCE (NO. 3) LIMITED

05964916

COLONIAL FINANCE (UK) LIMITED

02064697

PARAGON MORTGAGES (NO.7) PLC

04513170

PARAGON FINANCE HOLDINGS LIMITED

03308251

PARAGON MORTGAGES (NO.24) HOLDINGS LIMITED

09304317

PARAGON MORTGAGES (NO. 2) PLC

03696121

PARAGON BANKING GROUP PLC Shareholders

Paragon Banking Group Plc currently has 10 directors. The longest serving directors include Mr Nigel Terrington (Jan 1992) and Mr Richard Woodman (Feb 2012).

officer	country	age	start	end	role
Mr Nigel Terrington	England	64 years	Jan 1992	-	Director
Mr Richard Woodman	England	59 years	Feb 2012	-	Director
Mr Hugo Tudor		61 years	Nov 2014	-	Director
Mr Graeme Yorston	United Kingdom	66 years	Sep 2017	-	Director
Mrs Barbara Ridpath	England	68 years	Sep 2017	-	Director
Ms Alison Morris		64 years	Mar 2020	-	Director
Mr Peter Hill	United Kingdom	62 years	Oct 2020	-	Director
Mr Robert East	United Kingdom	64 years	Sep 2022	-	Director
Ms Tanvi Davda	England	51 years	Sep 2022	-	Director
Mrs Zoe Howorth	United Kingdom	53 years	Jun 2023	-	Director

P&L

September 2023

turnover

+85%

operating profit

277.6m

+23%

gross margin

44.5%

-34.7%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

1.4b

total assets

18.4b

+0.11%

cash

+0.55%

net assets

Total assets minus all liabilities

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company number

02336032

Type

Public limited with Share Capital

industry

64205 - Activities of financial services holding companies

incorporation date

January 1989

age

accounts

Group

ultimate parent company

None

previous names

the paragon group of companies plc (September 2017)

national home loans holdings plc (March 1997)

incorporated

address

51 homer road, solihull, west midlands, B91 3QJ

last accounts submitted

September 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 5 charges/mortgages relating to paragon banking group plc. Currently there are 0 open charges and 5 have been satisfied in the past.

paragon banking group plc Company Information

paragon banking group plc Estimated Valuation

paragon banking group plc Estimated Valuation

paragon banking group plc Estimated Valuation

Paragon Banking Group Plc Overview

Paragon Banking Group Plc Health Check

PARAGON BANKING GROUP PLC financials

paragon banking group plc Credit Report and Business Information

Paragon Banking Group Plc Competitor Analysis

paragon banking group plc Ownership

paragon banking group plc directors

paragon banking group plc company details

paragon banking group plc Charges & Mortgages

paragon banking group plc Companies House Filings - See Documents