paragon mortgages limited
paragon mortgages limited Company Information
Company Number
02337854
Next Accounts
Jun 2026
Shareholders
paragon bank plc
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
51 homer road, solihull, west midlands, B91 3QJ
paragon mortgages limited Estimated Valuation
Pomanda estimates the enterprise value of PARAGON MORTGAGES LIMITED at £9.3m based on a Turnover of £6.1m and 1.51x industry multiple (adjusted for size and gross margin).
paragon mortgages limited Estimated Valuation
Pomanda estimates the enterprise value of PARAGON MORTGAGES LIMITED at £19.2m based on an EBITDA of £3.7m and a 5.22x industry multiple (adjusted for size and gross margin).
paragon mortgages limited Estimated Valuation
Pomanda estimates the enterprise value of PARAGON MORTGAGES LIMITED at £129.4m based on Net Assets of £99.1m and 1.31x industry multiple (adjusted for liquidity).
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Paragon Mortgages Limited Overview
Paragon Mortgages Limited is a live company located in west midlands, B91 3QJ with a Companies House number of 02337854. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in January 1989, it's largest shareholder is paragon bank plc with a 100% stake. Paragon Mortgages Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with declining growth in recent years.
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Paragon Mortgages Limited Health Check
Pomanda's financial health check has awarded Paragon Mortgages Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
1 Weak
Size
annual sales of £6.1m, make it in line with the average company (£5.8m)
£6.1m - Paragon Mortgages Limited
£5.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (7.6%)
-21% - Paragon Mortgages Limited
7.6% - Industry AVG
Production
with a gross margin of 63.5%, this company has a comparable cost of product (53.3%)
63.5% - Paragon Mortgages Limited
53.3% - Industry AVG
Profitability
an operating margin of 60.1% make it more profitable than the average company (9.1%)
60.1% - Paragon Mortgages Limited
9.1% - Industry AVG
Employees
with 27 employees, this is above the industry average (12)
- Paragon Mortgages Limited
12 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Paragon Mortgages Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £226.7k, this is equally as efficient (£234k)
- Paragon Mortgages Limited
£234k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Mortgages Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Mortgages Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Mortgages Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 258 weeks, this is more cash available to meet short term requirements (29 weeks)
258 weeks - Paragon Mortgages Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.7%, this is a lower level of debt than the average (70.7%)
1.7% - Paragon Mortgages Limited
70.7% - Industry AVG
PARAGON MORTGAGES LIMITED financials
Paragon Mortgages Limited's latest turnover from September 2024 is £6.1 million and the company has net assets of £99.1 million. According to their latest financial statements, we estimate that Paragon Mortgages Limited has 27 employees and maintains cash reserves of £8.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2024 | 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 | 6,122,000 | 24,978,000 | 13,453,000 | 12,347,000 | 14,073,000 | 11,963,000 | 12,660,000 | 9,768,000 | 10,349,000 | 10,366,000 | 10,166,000 | 10,133,000 | 10,560,000 | 10,400,000 | 10,366,000 | 14,778,000 |
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | 2,237,000 | 16,863,000 | 7,394,000 | 6,620,000 | 8,862,000 | 6,719,000 | 6,685,000 | 6,241,000 | 6,547,000 | 6,277,000 | 6,257,000 | 6,204,000 | 6,348,000 | 5,937,000 | 5,412,000 | 9,202,000 |
| Gross Profit | 3,885,000 | 8,115,000 | 6,059,000 | 5,727,000 | 5,211,000 | 5,244,000 | 5,975,000 | 3,527,000 | 3,802,000 | 4,089,000 | 3,909,000 | 3,929,000 | 4,212,000 | 4,463,000 | 4,954,000 | 5,576,000 |
| Admin Expenses | 209,000 | 2,666,000 | -2,114,000 | -8,426,000 | -8,493,000 | -28,167,000 | -22,320,000 | -23,194,000 | -5,105,000 | -4,766,000 | -6,150,000 | -6,318,000 | -4,745,000 | -6,190,000 | 1,147,000 | -10,485,000 |
| Operating Profit | 3,676,000 | 5,449,000 | 8,173,000 | 14,153,000 | 13,704,000 | 33,411,000 | 28,295,000 | 26,721,000 | 8,907,000 | 8,855,000 | 10,059,000 | 10,247,000 | 8,957,000 | 10,653,000 | 3,807,000 | 16,061,000 |
| Interest Payable | ||||||||||||||||
| Interest Receivable | ||||||||||||||||
| Pre-Tax Profit | 3,676,000 | 5,449,000 | 8,173,000 | 14,153,000 | 13,704,000 | 33,411,000 | 28,295,000 | 26,721,000 | 8,907,000 | 8,855,000 | 10,059,000 | 10,247,000 | 8,957,000 | 10,653,000 | 3,807,000 | 16,061,000 |
| Tax | -976,000 | -1,491,000 | -983,000 | -3,503,000 | -2,604,000 | -6,348,000 | -4,806,000 | -3,943,000 | -881,000 | -995,000 | -890,000 | -763,000 | -989,000 | -1,391,000 | -2,562,000 | -1,010,000 |
| Profit After Tax | 2,700,000 | 3,958,000 | 7,190,000 | 10,650,000 | 11,100,000 | 27,063,000 | 23,489,000 | 22,778,000 | 8,026,000 | 7,860,000 | 9,169,000 | 9,484,000 | 7,968,000 | 9,262,000 | 1,245,000 | 15,051,000 |
| Dividends Paid | 4,000,000 | 4,000,000 | 9,500,000 | 13,000,000 | 25,000,000 | 14,000,000 | 38,000,000 | 7,500,000 | 8,000,000 | 9,000,000 | 9,000,000 | 8,000,000 | 10,500,000 | 6,000,000 | ||
| Retained Profit | -1,300,000 | -42,000 | -2,310,000 | -2,350,000 | -13,900,000 | 13,063,000 | -14,511,000 | 22,778,000 | 526,000 | -140,000 | 169,000 | 484,000 | -32,000 | -1,238,000 | -4,755,000 | 15,051,000 |
| Employee Costs | ||||||||||||||||
| Number Of Employees | ||||||||||||||||
| EBITDA* | 3,676,000 | 5,449,000 | 8,173,000 | 14,153,000 | 13,704,000 | 33,411,000 | 28,295,000 | 26,721,000 | 8,907,000 | 8,855,000 | 10,059,000 | 10,247,000 | 8,957,000 | 10,653,000 | 3,807,000 | 16,061,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2024 | 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 | ||||||||||||||||
| Intangible Assets | 5,536,000 | 2,260,000 | 248,000 | |||||||||||||
| Investments & Other | 24,648,000 | 133,425,000 | 301,569,000 | 266,869,000 | 243,314,000 | 224,436,000 | 224,384,000 | 224,331,000 | 224,283,000 | 224,230,000 | 224,177,000 | 224,596,000 | 223,987,000 | 223,934,000 | 223,881,000 | 221,418,000 |
| Debtors (Due After 1 year) | 703,000 | 382,000 | 140,000 | 463,000 | ||||||||||||
| Total Fixed Assets | 24,648,000 | 133,425,000 | 301,569,000 | 266,869,000 | 243,314,000 | 229,972,000 | 226,644,000 | 224,579,000 | 224,283,000 | 224,230,000 | 224,177,000 | 224,596,000 | 224,690,000 | 224,316,000 | 224,021,000 | 221,881,000 |
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | ||||||||||||||||
| Group Debtors | 67,759,000 | 11,122,000 | 6,204,000 | 7,647,000 | 21,229,000 | 35,954,000 | 34,245,000 | 23,779,000 | 3,642,000 | 8,549,000 | 3,423,000 | 3,207,000 | 869,000 | 1,669,000 | 1,418,000 | 8,291,000 |
| Misc Debtors | 68,000 | 71,000 | 224,000 | 56,000 | 71,000 | 337,000 | 231,000 | 262,000 | 64,000 | 91,000 | 68,000 | 47,000 | 53,000 | 55,000 | 51,000 | 48,000 |
| Cash | 8,336,000 | 11,473,000 | 9,558,000 | 4,365,000 | 4,180,000 | 5,824,000 | 4,874,000 | 4,737,000 | 8,703,000 | 3,117,000 | 3,421,000 | 3,235,000 | 3,712,000 | 2,607,000 | 4,438,000 | 3,059,000 |
| misc current assets | ||||||||||||||||
| total current assets | 76,163,000 | 22,666,000 | 15,986,000 | 12,068,000 | 25,480,000 | 42,115,000 | 39,350,000 | 28,778,000 | 12,409,000 | 11,757,000 | 6,912,000 | 6,489,000 | 4,634,000 | 4,331,000 | 5,907,000 | 11,398,000 |
| total assets | 100,811,000 | 156,091,000 | 317,555,000 | 278,937,000 | 268,794,000 | 272,087,000 | 265,994,000 | 253,357,000 | 236,692,000 | 235,987,000 | 231,089,000 | 231,085,000 | 229,324,000 | 228,647,000 | 229,928,000 | 233,279,000 |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | ||||||||||||||||
| Group/Directors Accounts | 2,000 | 53,787,000 | 215,453,000 | 171,145,000 | 161,256,000 | 147,446,000 | 155,194,000 | 128,914,000 | 60,402,000 | 32,693,000 | 31,798,000 | 34,699,000 | 29,160,000 | 18,362,000 | 12,598,000 | 6,135,000 |
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 1,672,000 | 1,867,000 | 1,623,000 | 5,003,000 | 2,399,000 | 5,602,000 | 4,824,000 | 3,956,000 | 4,724,000 | 9,209,000 | 4,570,000 | 775,000 | 1,030,000 | 1,432,000 | 1,673,000 | 52,000 |
| total current liabilities | 1,674,000 | 55,654,000 | 217,076,000 | 176,148,000 | 163,655,000 | 153,048,000 | 160,018,000 | 132,870,000 | 65,126,000 | 41,902,000 | 36,368,000 | 35,474,000 | 30,190,000 | 19,794,000 | 14,271,000 | 6,187,000 |
| loans | 169,889,000 | 192,934,000 | 193,429,000 | 194,488,000 | 198,494,000 | 208,181,000 | 213,746,000 | 220,426,000 | ||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | ||||||||||||||||
| provisions | 1,000 | 1,000 | 2,000 | 2,000 | 3,000 | 3,000 | ||||||||||
| total long term liabilities | 169,889,000 | 192,934,000 | 193,430,000 | 194,489,000 | 198,496,000 | 208,183,000 | 213,749,000 | 220,429,000 | ||||||||
| total liabilities | 1,674,000 | 55,654,000 | 217,076,000 | 176,148,000 | 163,655,000 | 153,048,000 | 160,018,000 | 132,870,000 | 235,015,000 | 234,836,000 | 229,798,000 | 229,963,000 | 228,686,000 | 227,977,000 | 228,020,000 | 226,616,000 |
| net assets | 99,137,000 | 100,437,000 | 100,479,000 | 102,789,000 | 105,139,000 | 119,039,000 | 105,976,000 | 120,487,000 | 1,677,000 | 1,151,000 | 1,291,000 | 1,122,000 | 638,000 | 670,000 | 1,908,000 | 6,663,000 |
| total shareholders funds | 99,137,000 | 100,437,000 | 100,479,000 | 102,789,000 | 105,139,000 | 119,039,000 | 105,976,000 | 120,487,000 | 1,677,000 | 1,151,000 | 1,291,000 | 1,122,000 | 638,000 | 670,000 | 1,908,000 | 6,663,000 |
| Sep 2024 | 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 | 3,676,000 | 5,449,000 | 8,173,000 | 14,153,000 | 13,704,000 | 33,411,000 | 28,295,000 | 26,721,000 | 8,907,000 | 8,855,000 | 10,059,000 | 10,247,000 | 8,957,000 | 10,653,000 | 3,807,000 | 16,061,000 |
| Depreciation | ||||||||||||||||
| Amortisation | ||||||||||||||||
| Tax | -976,000 | -1,491,000 | -983,000 | -3,503,000 | -2,604,000 | -6,348,000 | -4,806,000 | -3,943,000 | -881,000 | -995,000 | -890,000 | -763,000 | -989,000 | -1,391,000 | -2,562,000 | -1,010,000 |
| Stock | ||||||||||||||||
| Debtors | 56,634,000 | 4,765,000 | -1,275,000 | -13,597,000 | -14,991,000 | 1,815,000 | 10,435,000 | 20,335,000 | -4,934,000 | 5,149,000 | 237,000 | 1,629,000 | -481,000 | 497,000 | -7,193,000 | 8,802,000 |
| Creditors | ||||||||||||||||
| Accruals and Deferred Income | -195,000 | 244,000 | -3,380,000 | 2,604,000 | -3,203,000 | 778,000 | 868,000 | -768,000 | -4,485,000 | 4,639,000 | 3,795,000 | -255,000 | -402,000 | -241,000 | 1,621,000 | 52,000 |
| Deferred Taxes & Provisions | -1,000 | -1,000 | -1,000 | 3,000 | ||||||||||||
| Cash flow from operations | -54,129,000 | -563,000 | 5,085,000 | 26,851,000 | 22,888,000 | 26,026,000 | 13,922,000 | 1,675,000 | 8,475,000 | 7,349,000 | 12,727,000 | 7,599,000 | 8,047,000 | 8,523,000 | 10,059,000 | 6,304,000 |
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | -108,777,000 | -168,144,000 | 34,700,000 | 23,555,000 | 18,878,000 | 52,000 | 53,000 | 48,000 | 53,000 | 53,000 | -419,000 | 609,000 | 53,000 | 53,000 | 2,463,000 | 221,418,000 |
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | -53,785,000 | -161,666,000 | 44,308,000 | 9,889,000 | 13,810,000 | -7,748,000 | 26,280,000 | 68,512,000 | 27,709,000 | 895,000 | -2,901,000 | 5,539,000 | 10,798,000 | 5,764,000 | 6,463,000 | 6,135,000 |
| Other Short Term Loans | ||||||||||||||||
| Long term loans | -169,889,000 | -23,045,000 | -495,000 | -1,059,000 | -4,006,000 | -9,687,000 | -5,565,000 | -6,680,000 | 220,426,000 | |||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | ||||||||||||||||
| share issue | ||||||||||||||||
| interest | ||||||||||||||||
| cash flow from financing | -53,785,000 | -161,666,000 | 44,308,000 | 9,889,000 | 13,810,000 | -7,748,000 | 26,280,000 | -5,345,000 | 4,664,000 | 400,000 | -3,960,000 | 1,533,000 | 1,111,000 | 199,000 | -217,000 | 218,173,000 |
| cash and cash equivalents | ||||||||||||||||
| cash | -3,137,000 | 1,915,000 | 5,193,000 | 185,000 | -1,644,000 | 950,000 | 137,000 | -3,966,000 | 5,586,000 | -304,000 | 186,000 | -477,000 | 1,105,000 | -1,831,000 | 1,379,000 | 3,059,000 |
| overdraft | ||||||||||||||||
| change in cash | -3,137,000 | 1,915,000 | 5,193,000 | 185,000 | -1,644,000 | 950,000 | 137,000 | -3,966,000 | 5,586,000 | -304,000 | 186,000 | -477,000 | 1,105,000 | -1,831,000 | 1,379,000 | 3,059,000 |
paragon mortgages limited Credit Report and Business Information
Paragon Mortgages Limited Competitor Analysis
Perform a competitor analysis for paragon mortgages limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in B91 area or any other competitors across 12 key performance metrics.
paragon mortgages limited Ownership
PARAGON MORTGAGES LIMITED group structure
Paragon Mortgages Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
PARAGON MORTGAGES LIMITED
02337854
2 subsidiaries
paragon mortgages limited directors
Paragon Mortgages Limited currently has 4 directors. The longest serving directors include Mr Richard Shelton (Aug 1995) and Mr Richard Woodman (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Shelton | 66 years | Aug 1995 | - | Director | |
| Mr Richard Woodman | 59 years | May 2014 | - | Director | |
| Mr Keith Allen | 52 years | Jul 2015 | - | Director | |
| Mr James Giles | United Kingdom | 57 years | Mar 2017 | - | Director |
P&L
September 2024turnover
6.1m
-75%
operating profit
3.7m
-33%
gross margin
63.5%
+95.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2024net assets
99.1m
-0.01%
total assets
100.8m
-0.35%
cash
8.3m
-0.27%
net assets
Total assets minus all liabilities
paragon mortgages limited company details
company number
02337854
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
January 1989
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2024
previous names
homeloans direct limited (March 1997)
nhl twentieth funding limited (April 1994)
accountant
-
auditor
KPMG LLP
address
51 homer road, solihull, west midlands, B91 3QJ
Bank
-
Legal Advisor
-
paragon mortgages limited Charges & Mortgages
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 8 charges/mortgages relating to paragon mortgages limited. Currently there are 0 open charges and 8 have been satisfied in the past.
paragon mortgages limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PARAGON MORTGAGES LIMITED. This can take several minutes, an email will notify you when this has completed.
paragon mortgages limited Companies House Filings - See Documents
| date | description | view/download |
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