paragon international insurance brokers limited
paragon international insurance brokers limited Company Information
Company Number
03215272
Next Accounts
9 days late
Shareholders
paragon international holdings ltd
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
140 leadenhall street, london, EC3V 4QT
Website
www.paragonbrokers.comparagon international insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of PARAGON INTERNATIONAL INSURANCE BROKERS LIMITED at £68.4m based on a Turnover of £37.9m and 1.81x industry multiple (adjusted for size and gross margin).
paragon international insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of PARAGON INTERNATIONAL INSURANCE BROKERS LIMITED at £125.9m based on an EBITDA of £12.5m and a 10.1x industry multiple (adjusted for size and gross margin).
paragon international insurance brokers limited Estimated Valuation
Pomanda estimates the enterprise value of PARAGON INTERNATIONAL INSURANCE BROKERS LIMITED at £13.4m based on Net Assets of £7.8m and 1.72x industry multiple (adjusted for liquidity).
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Paragon International Insurance Brokers Limited Overview
Paragon International Insurance Brokers Limited is a live company located in london, EC3V 4QT with a Companies House number of 03215272. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in June 1996, it's largest shareholder is paragon international holdings ltd with a 100% stake. Paragon International Insurance Brokers Limited is a mature, large sized company, Pomanda has estimated its turnover at £37.9m with declining growth in recent years.
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Paragon International Insurance Brokers Limited Health Check
Pomanda's financial health check has awarded Paragon International Insurance Brokers Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £37.9m, make it larger than the average company (£2.6m)
£37.9m - Paragon International Insurance Brokers Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.8%)
-1% - Paragon International Insurance Brokers Limited
5.8% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (96%)
100% - Paragon International Insurance Brokers Limited
96% - Industry AVG
Profitability
an operating margin of 30.4% make it more profitable than the average company (18.7%)
30.4% - Paragon International Insurance Brokers Limited
18.7% - Industry AVG
Employees
with 111 employees, this is above the industry average (17)
111 - Paragon International Insurance Brokers Limited
17 - Industry AVG
Pay Structure
on an average salary of £191.5k, the company has a higher pay structure (£48.5k)
£191.5k - Paragon International Insurance Brokers Limited
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £341k, this is more efficient (£112k)
£341k - Paragon International Insurance Brokers Limited
£112k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is near the average (73 days)
71 days - Paragon International Insurance Brokers Limited
73 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon International Insurance Brokers Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon International Insurance Brokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is average cash available to meet short term requirements (36 weeks)
38 weeks - Paragon International Insurance Brokers Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.5%, this is a higher level of debt than the average (61.7%)
84.5% - Paragon International Insurance Brokers Limited
61.7% - Industry AVG
PARAGON INTERNATIONAL INSURANCE BROKERS LIMITED financials
Paragon International Insurance Brokers Limited's latest turnover from June 2023 is £37.9 million and the company has net assets of £7.8 million. According to their latest financial statements, Paragon International Insurance Brokers Limited has 111 employees and maintains cash reserves of £30 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 37,856,000 | 30,681,000 | 27,976,000 | 38,976,000 | 20,421,000 | 18,975,000 | 15,381,000 | 12,376,000 | 9,902,000 | 8,472,000 | 7,220,000 | 6,143,000 | 6,734,000 | 6,531,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | 37,856,000 | 30,681,000 | 27,976,000 | |||||||||||
| Admin Expenses | 26,359,000 | 23,090,000 | 21,311,000 | |||||||||||
| Operating Profit | 11,497,000 | 7,591,000 | 6,665,000 | 7,624,000 | 3,981,000 | 2,407,000 | 1,891,000 | 402,000 | 386,000 | 348,000 | -159,000 | -34,000 | 141,000 | 1,218,000 |
| Interest Payable | 340,000 | 957,000 | 500,000 | 1,026,000 | 1,379,000 | 5,000 | 1,209,000 | 10,000 | 483,000 | 9,000 | 54,000 | 2,000 | 15,000 | 7,000 |
| Interest Receivable | 1,241,000 | 252,000 | 1,035,000 | 523,000 | 292,000 | 1,988,000 | 68,000 | 99,000 | 30,000 | 181,000 | 49,000 | 203,000 | 3,000 | 1,000 |
| Pre-Tax Profit | 12,398,000 | 6,886,000 | 7,200,000 | 7,121,000 | 2,894,000 | 3,445,000 | 399,000 | 307,000 | 281,000 | 508,000 | -164,000 | 167,000 | 68,000 | 314,000 |
| Tax | -2,559,000 | -1,367,000 | -1,471,000 | -1,500,000 | -758,000 | -760,000 | -134,000 | -101,000 | -100,000 | -141,000 | -42,000 | -78,000 | -48,000 | -150,000 |
| Profit After Tax | 9,839,000 | 5,519,000 | 5,729,000 | 5,621,000 | 2,136,000 | 2,685,000 | 265,000 | 206,000 | 181,000 | 367,000 | -206,000 | 89,000 | 20,000 | 164,000 |
| Dividends Paid | 10,349,000 | 3,517,000 | 3,650,000 | 6,205,000 | 1,914,000 | 479,000 | 259,000 | 213,000 | 194,000 | 300,000 | ||||
| Retained Profit | -510,000 | 2,002,000 | 2,079,000 | -584,000 | 222,000 | 2,206,000 | 6,000 | -7,000 | -13,000 | 367,000 | -206,000 | 89,000 | 20,000 | -136,000 |
| Employee Costs | 21,251,000 | 18,836,000 | 18,019,000 | 24,950,000 | 13,112,000 | 13,296,000 | 10,607,000 | 9,264,000 | 7,388,000 | 6,298,000 | 5,254,000 | 4,557,000 | 4,766,000 | 3,727,000 |
| Number Of Employees | 111 | 104 | 99 | 89 | 80 | 75 | 72 | 61 | 55 | 51 | 46 | 43 | 40 | 38 |
| EBITDA* | 12,467,000 | 8,666,000 | 7,679,000 | 8,629,000 | 4,225,000 | 2,582,000 | 2,065,000 | 447,000 | 413,000 | 375,000 | -139,000 | -14,000 | 219,000 | 1,343,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,115,000 | 2,905,000 | 3,719,000 | 168,000 | 299,000 | 502,000 | 632,000 | 568,000 | 71,000 | 72,000 | 75,000 | 60,000 | 51,000 | 123,000 |
| Intangible Assets | 191,000 | 262,000 | 307,000 | 715,000 | 294,000 | |||||||||
| Investments & Other | 27,000 | 100,000 | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 2,333,000 | 3,167,000 | 4,026,000 | 883,000 | 593,000 | 602,000 | 632,000 | 568,000 | 71,000 | 72,000 | 75,000 | 60,000 | 51,000 | 123,000 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 7,418,000 | 7,419,000 | 6,435,000 | 5,469,000 | 15,800,000 | 18,566,000 | 15,248,000 | 9,041,000 | ||||||
| Group Debtors | 7,477,000 | 7,163,000 | 4,820,000 | 1,069,000 | 65,000 | 64,000 | 169,000 | 141,000 | 72,000 | 303,000 | 299,000 | 538,000 | ||
| Misc Debtors | 2,526,000 | 2,291,000 | 2,402,000 | 2,338,000 | 993,000 | 1,190,000 | 818,000 | 873,000 | 786,000 | 609,000 | 358,000 | 332,000 | 341,000 | 323,000 |
| Cash | 29,985,000 | 33,606,000 | 40,525,000 | 28,191,000 | 11,441,000 | 9,403,000 | 7,487,000 | 5,424,000 | 4,614,000 | 3,203,000 | 5,955,000 | 5,136,000 | 5,193,000 | 2,565,000 |
| misc current assets | 550,000 | 282,000 | ||||||||||||
| total current assets | 47,956,000 | 50,479,000 | 54,464,000 | 37,067,000 | 12,499,000 | 10,657,000 | 8,474,000 | 6,297,000 | 5,400,000 | 3,953,000 | 22,185,000 | 24,337,000 | 21,081,000 | 12,467,000 |
| total assets | 50,289,000 | 53,646,000 | 58,490,000 | 37,950,000 | 13,092,000 | 11,259,000 | 9,106,000 | 6,865,000 | 5,471,000 | 4,025,000 | 22,260,000 | 24,397,000 | 21,132,000 | 12,590,000 |
| Bank overdraft | 218,000 | 82,000 | ||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 548,000 | 177,000 | 111,000 | 24,423,000 | 258,000 | 123,000 | 60,000 | 384,000 | 81,000 | 44,000 | 19,121,000 | 21,297,000 | 17,832,000 | 10,210,000 |
| Group/Directors Accounts | 5,354,000 | 4,849,000 | 3,420,000 | 2,212,000 | 1,058,000 | 712,000 | 922,000 | 542,000 | 335,000 | 122,000 | 105,000 | 120,000 | 120,000 | |
| other short term finances | 26,217,000 | 28,997,000 | 38,162,000 | 629,000 | 725,000 | 1,164,000 | 182,000 | |||||||
| hp & lease commitments | 715,000 | 670,000 | 628,000 | |||||||||||
| other current liabilities | 7,823,000 | 7,867,000 | 6,782,000 | 6,058,000 | 5,893,000 | 5,582,000 | 4,350,000 | 3,400,000 | 2,976,000 | 1,835,000 | 1,585,000 | 1,235,000 | 1,291,000 | 527,000 |
| total current liabilities | 40,657,000 | 42,560,000 | 49,103,000 | 33,322,000 | 7,934,000 | 6,417,000 | 6,496,000 | 4,508,000 | 3,392,000 | 2,001,000 | 20,706,000 | 22,637,000 | 19,461,000 | 10,939,000 |
| loans | 26,000 | 114,000 | 65,000 | 250,000 | 33,000 | |||||||||
| hp & lease commitments | 1,595,000 | 2,552,000 | 2,841,000 | |||||||||||
| Accruals and Deferred Income | 217,000 | 204,000 | 192,000 | 265,000 | 260,000 | 251,000 | ||||||||
| other liabilities | 35,000 | |||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 1,812,000 | 2,756,000 | 3,059,000 | 379,000 | 325,000 | 251,000 | 250,000 | 33,000 | 35,000 | |||||
| total liabilities | 42,469,000 | 45,316,000 | 52,162,000 | 33,701,000 | 8,259,000 | 6,668,000 | 6,746,000 | 4,541,000 | 3,427,000 | 2,001,000 | 20,706,000 | 22,637,000 | 19,461,000 | 10,939,000 |
| net assets | 7,820,000 | 8,330,000 | 6,328,000 | 4,249,000 | 4,833,000 | 4,591,000 | 2,360,000 | 2,324,000 | 2,044,000 | 2,024,000 | 1,554,000 | 1,760,000 | 1,671,000 | 1,651,000 |
| total shareholders funds | 7,820,000 | 8,330,000 | 6,328,000 | 4,249,000 | 4,833,000 | 4,591,000 | 2,360,000 | 2,324,000 | 2,044,000 | 2,024,000 | 1,554,000 | 1,760,000 | 1,671,000 | 1,651,000 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 11,497,000 | 7,591,000 | 6,665,000 | 7,624,000 | 3,981,000 | 2,407,000 | 1,891,000 | 402,000 | 386,000 | 348,000 | -159,000 | -34,000 | 141,000 | 1,218,000 |
| Depreciation | 825,000 | 838,000 | 513,000 | 220,000 | 165,000 | 175,000 | 174,000 | 45,000 | 27,000 | 27,000 | 20,000 | 20,000 | 78,000 | 125,000 |
| Amortisation | 145,000 | 237,000 | 501,000 | 785,000 | 79,000 | |||||||||
| Tax | -2,559,000 | -1,367,000 | -1,471,000 | -1,500,000 | -758,000 | -760,000 | -134,000 | -101,000 | -100,000 | -141,000 | -42,000 | -78,000 | -48,000 | -150,000 |
| Stock | ||||||||||||||
| Debtors | 548,000 | 3,216,000 | 4,781,000 | 8,876,000 | -196,000 | 267,000 | 114,000 | 123,000 | 36,000 | -15,480,000 | -2,971,000 | 3,313,000 | 5,986,000 | 9,902,000 |
| Creditors | 371,000 | 66,000 | -24,312,000 | 24,423,000 | 135,000 | 63,000 | -324,000 | 340,000 | 37,000 | -19,077,000 | -2,176,000 | 3,465,000 | 7,622,000 | 10,210,000 |
| Accruals and Deferred Income | -31,000 | 1,097,000 | 651,000 | 6,323,000 | 320,000 | 1,483,000 | 950,000 | 1,565,000 | 1,141,000 | 250,000 | 350,000 | -56,000 | 764,000 | 527,000 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | 9,700,000 | 5,246,000 | -22,234,000 | 28,999,000 | 4,118,000 | 3,101,000 | 2,443,000 | 2,128,000 | 1,455,000 | -3,113,000 | 964,000 | 4,000 | 2,571,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | -45,000 | -238,000 | -542,000 | -30,000 | -24,000 | |||||||||
| Change in Investments | 27,000 | -100,000 | 100,000 | |||||||||||
| cash flow from investments | -145,000 | -238,000 | -542,000 | -30,000 | -24,000 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 505,000 | 1,429,000 | 1,208,000 | 2,212,000 | 346,000 | -210,000 | 380,000 | 420,000 | 213,000 | 122,000 | -105,000 | -15,000 | 120,000 | |
| Other Short Term Loans | -2,780,000 | -9,165,000 | 37,533,000 | 629,000 | 725,000 | -1,164,000 | 982,000 | 182,000 | ||||||
| Long term loans | -26,000 | -88,000 | 114,000 | 65,000 | -250,000 | 217,000 | 33,000 | |||||||
| Hire Purchase and Lease Commitments | -912,000 | -247,000 | 3,469,000 | |||||||||||
| other long term liabilities | 35,000 | |||||||||||||
| share issue | ||||||||||||||
| interest | 901,000 | -705,000 | 535,000 | -503,000 | -1,087,000 | 1,983,000 | -1,141,000 | 89,000 | -453,000 | 172,000 | -5,000 | 201,000 | -12,000 | -6,000 |
| cash flow from financing | -2,286,000 | -8,714,000 | 42,657,000 | 7,285,000 | 69,000 | 384,000 | 468,000 | 1,031,000 | -172,000 | 397,000 | -110,000 | 186,000 | -12,000 | 1,901,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -3,621,000 | -6,919,000 | 12,334,000 | 28,191,000 | 2,038,000 | 1,916,000 | 2,063,000 | 2,221,000 | 1,411,000 | -2,752,000 | 819,000 | -57,000 | 2,628,000 | 2,565,000 |
| overdraft | -218,000 | 136,000 | 82,000 | |||||||||||
| change in cash | -3,621,000 | -6,919,000 | 12,334,000 | 28,191,000 | 2,038,000 | 1,916,000 | 2,063,000 | 2,221,000 | 1,411,000 | -2,752,000 | 819,000 | 161,000 | 2,492,000 | 2,483,000 |
paragon international insurance brokers limited Credit Report and Business Information
Paragon International Insurance Brokers Limited Competitor Analysis
Perform a competitor analysis for paragon international insurance brokers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3V area or any other competitors across 12 key performance metrics.
paragon international insurance brokers limited Ownership
PARAGON INTERNATIONAL INSURANCE BROKERS LIMITED group structure
Paragon International Insurance Brokers Limited has no subsidiary companies.
Ultimate parent company
PSC INSURANCE GROUP LTD
#0084249
2 parents
PARAGON INTERNATIONAL INSURANCE BROKERS LIMITED
03215272
paragon international insurance brokers limited directors
Paragon International Insurance Brokers Limited currently has 12 directors. The longest serving directors include Mrs Tara Falk (Aug 1996) and Mr Glen Obermaier (Aug 1996).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Tara Falk | 56 years | Aug 1996 | - | Director | |
| Mr Glen Obermaier | 59 years | Aug 1996 | - | Director | |
| Mr James Kalbassi | 57 years | Aug 1996 | - | Director | |
| Mr Alan Milsom | 80 years | Oct 1998 | - | Director | |
| Mr Spenser Lee | 52 years | Sep 2009 | - | Director | |
| Mr Christopher London | 77 years | Jan 2010 | - | Director | |
| Mr Angus McPhie | 52 years | Nov 2010 | - | Director | |
| Mr Simon Witham | 57 years | Sep 2013 | - | Director | |
| Mr Ian Redbourn | 46 years | Feb 2021 | - | Director | |
| Mr Bradleigh Barker | 42 years | Feb 2021 | - | Director |
P&L
June 2023turnover
37.9m
+23%
operating profit
11.5m
+51%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
7.8m
-0.06%
total assets
50.3m
-0.06%
cash
30m
-0.11%
net assets
Total assets minus all liabilities
paragon international insurance brokers limited company details
company number
03215272
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
June 1996
age
29
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2023
previous names
paragon international consultants limited (July 1998)
noveleager limited (January 1997)
accountant
-
auditor
-
address
140 leadenhall street, london, EC3V 4QT
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
paragon international insurance brokers 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 6 charges/mortgages relating to paragon international insurance brokers limited. Currently there are 1 open charges and 5 have been satisfied in the past.
paragon international insurance brokers 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 INTERNATIONAL INSURANCE BROKERS LIMITED. This can take several minutes, an email will notify you when this has completed.
paragon international insurance brokers limited Companies House Filings - See Documents
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