paragon mortgages (no. 12) plc
paragon mortgages (no. 12) plc Company Information
Company Number
05386924
Next Accounts
Mar 2026
Shareholders
paragon banking group plc
earlswood finance (no. 3) limited
Group Structure
View All
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Registered Address
51 homer road, solihull, west midlands, B91 3QJ
Website
www.paragon-group.co.ukparagon mortgages (no. 12) plc Estimated Valuation
Pomanda estimates the enterprise value of PARAGON MORTGAGES (NO. 12) PLC at £26.2m based on a Turnover of £23.1m and 1.13x industry multiple (adjusted for size and gross margin).
paragon mortgages (no. 12) plc Estimated Valuation
Pomanda estimates the enterprise value of PARAGON MORTGAGES (NO. 12) PLC at £0 based on an EBITDA of £-1.1m and a 4.13x industry multiple (adjusted for size and gross margin).
paragon mortgages (no. 12) plc Estimated Valuation
Pomanda estimates the enterprise value of PARAGON MORTGAGES (NO. 12) PLC at £1.9m based on Net Assets of £786k and 2.41x industry multiple (adjusted for liquidity).
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Paragon Mortgages (no. 12) Plc Overview
Paragon Mortgages (no. 12) Plc is a live company located in west midlands, B91 3QJ with a Companies House number of 05386924. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in March 2005, it's largest shareholder is paragon banking group plc with a 74% stake. Paragon Mortgages (no. 12) Plc is a mature, large sized company, Pomanda has estimated its turnover at £23.1m with rapid growth in recent years.
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Paragon Mortgages (no. 12) Plc Health Check
Pomanda's financial health check has awarded Paragon Mortgages (No. 12) Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
2 Weak
Size
annual sales of £23.1m, make it in line with the average company (£21.1m)
£23.1m - Paragon Mortgages (no. 12) Plc
£21.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (22%)
36% - Paragon Mortgages (no. 12) Plc
22% - Industry AVG
Production
with a gross margin of 9.4%, this company has a higher cost of product (15.6%)
9.4% - Paragon Mortgages (no. 12) Plc
15.6% - Industry AVG
Profitability
an operating margin of -4.6% make it less profitable than the average company (5.7%)
-4.6% - Paragon Mortgages (no. 12) Plc
5.7% - Industry AVG
Employees
with 52 employees, this is above the industry average (13)
- Paragon Mortgages (no. 12) Plc
13 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Paragon Mortgages (no. 12) Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £445.2k, this is equally as efficient (£446k)
- Paragon Mortgages (no. 12) Plc
£446k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Mortgages (no. 12) Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Mortgages (no. 12) Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Mortgages (no. 12) Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 742 weeks, this is more cash available to meet short term requirements (5 weeks)
742 weeks - Paragon Mortgages (no. 12) Plc
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.8%, this is a similar level of debt than the average (100%)
99.8% - Paragon Mortgages (no. 12) Plc
100% - Industry AVG
PARAGON MORTGAGES (NO. 12) PLC financials
Paragon Mortgages (No. 12) Plc's latest turnover from September 2024 is £23.1 million and the company has net assets of £786 thousand. According to their latest financial statements, we estimate that Paragon Mortgages (No. 12) Plc has 52 employees and maintains cash reserves of £38.1 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 | 23,148,000 | 22,972,000 | 11,502,000 | 9,204,000 | 13,878,000 | 17,122,000 | 16,080,000 | 15,263,000 | 17,777,000 | 19,827,000 | 20,716,000 | 21,592,000 | 25,889,000 | 24,408,000 | 26,995,000 | 46,005,000 |
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | 20,975,000 | 19,804,000 | 6,834,000 | 3,445,000 | 7,165,000 | 10,675,000 | 8,543,000 | 6,845,000 | 9,167,000 | 9,644,000 | 9,522,000 | 10,212,000 | 14,602,000 | 14,308,000 | 19,419,000 | 46,038,000 |
| Gross Profit | 2,173,000 | 3,168,000 | 4,668,000 | 5,759,000 | 6,713,000 | 6,447,000 | 7,537,000 | 8,418,000 | 8,610,000 | 10,183,000 | 11,194,000 | 11,380,000 | 11,287,000 | 10,100,000 | 7,576,000 | -33,000 |
| Admin Expenses | 3,232,000 | 4,860,000 | 5,606,000 | 7,024,000 | 8,403,000 | 8,911,000 | 9,559,000 | 10,257,000 | 10,781,000 | 11,297,000 | 10,745,000 | 6,311,000 | 4,695,000 | 5,753,000 | 4,457,000 | |
| Operating Profit | -1,059,000 | -1,692,000 | -938,000 | -1,265,000 | -1,956,000 | -1,374,000 | -1,141,000 | -1,647,000 | -598,000 | -103,000 | 635,000 | 4,976,000 | 5,405,000 | 1,823,000 | -4,490,000 | |
| Interest Payable | 14,308,000 | 4,668,000 | ||||||||||||||
| Interest Receivable | ||||||||||||||||
| Pre-Tax Profit | -1,059,000 | -1,692,000 | -938,000 | -1,265,000 | -1,285,000 | -1,956,000 | -1,374,000 | -1,141,000 | -1,647,000 | -598,000 | -103,000 | 635,000 | 4,976,000 | 5,405,000 | 1,823,000 | -4,490,000 |
| Tax | 265,000 | 424,000 | -3,000 | 240,000 | 110,000 | 557,000 | 261,000 | 216,000 | 469,000 | 119,000 | 19,000 | 351,000 | -925,000 | -1,240,000 | -455,000 | 1,257,000 |
| Profit After Tax | -794,000 | -1,268,000 | -941,000 | -1,025,000 | -1,175,000 | -1,399,000 | -1,113,000 | -925,000 | -1,178,000 | -479,000 | -84,000 | 986,000 | 4,051,000 | 4,165,000 | 1,368,000 | -3,233,000 |
| Dividends Paid | ||||||||||||||||
| Retained Profit | -794,000 | -1,268,000 | -941,000 | -1,025,000 | -1,175,000 | -1,399,000 | -1,113,000 | -925,000 | -1,178,000 | -479,000 | -84,000 | 986,000 | 4,051,000 | 4,165,000 | 1,368,000 | -3,233,000 |
| Employee Costs | ||||||||||||||||
| Number Of Employees | ||||||||||||||||
| EBITDA* | -1,059,000 | -1,692,000 | -938,000 | -1,265,000 | -1,956,000 | -1,374,000 | -1,141,000 | -1,647,000 | -598,000 | -103,000 | 635,000 | 4,976,000 | 5,405,000 | 1,823,000 | -4,490,000 |
* 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 | 321,645,000 | 402,367,000 | 541,306,000 | 608,709,000 | 724,871,000 | 1,270,869,000 | ||||||||||
| Intangible Assets | ||||||||||||||||
| Investments & Other | 321,645,000 | 402,367,000 | 541,306,000 | 608,709,000 | 773,837,000 | 967,036,000 | 1,016,238,000 | 1,089,849,000 | 1,023,839,000 | 1,043,549,000 | 1,105,625,000 | 1,125,839,000 | 1,201,144,000 | 1,226,085,000 | ||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 321,645,000 | 402,367,000 | 541,306,000 | 608,709,000 | 724,871,000 | 773,837,000 | 967,036,000 | 1,016,238,000 | 1,089,849,000 | 1,023,839,000 | 1,043,549,000 | 1,105,625,000 | 1,125,839,000 | 1,201,144,000 | 1,226,085,000 | 1,270,869,000 |
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 37,000 | |||||||||||||||
| Group Debtors | 1,652,000 | 2,313,000 | 50,000 | 21,000 | 46,000 | 457,000 | 31,000 | 37,000 | ||||||||
| Misc Debtors | 1,405,000 | 546,000 | 371,000 | 642,000 | 723,000 | 763,000 | 1,435,000 | 20,000 | 25,000 | 31,000 | 30,000 | 30,000 | 15,000 | 34,000 | 34,000 | |
| Cash | 38,128,000 | 40,367,000 | 46,171,000 | 33,309,000 | 28,552,000 | 39,002,000 | 40,495,000 | 39,156,000 | 37,153,000 | 38,938,000 | 2,176,000 | 8,479,000 | 8,059,000 | 3,786,000 | 6,601,000 | 5,888,000 |
| misc current assets | 36,725,000 | 28,504,000 | 28,504,000 | 33,004,000 | 32,004,000 | 31,504,000 | ||||||||||
| total current assets | 39,533,000 | 40,991,000 | 46,542,000 | 33,951,000 | 29,275,000 | 39,765,000 | 41,930,000 | 40,828,000 | 39,491,000 | 39,019,000 | 38,952,000 | 37,059,000 | 37,035,000 | 36,855,000 | 38,676,000 | 37,612,000 |
| total assets | 361,178,000 | 443,358,000 | 587,848,000 | 642,660,000 | 754,146,000 | 813,602,000 | 1,008,966,000 | 1,057,066,000 | 1,129,340,000 | 1,062,858,000 | 1,082,501,000 | 1,142,684,000 | 1,162,874,000 | 1,237,999,000 | 1,264,761,000 | 1,308,481,000 |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | ||||||||||||||||
| Group/Directors Accounts | 6,144,000 | 5,105,000 | 5,189,000 | 5,383,000 | 4,422,000 | 10,314,000 | 14,464,000 | 12,761,000 | ||||||||
| other short term finances | 12,759,000 | |||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 2,670,000 | 3,785,000 | 2,343,000 | 1,390,000 | 1,645,000 | 2,420,000 | 6,135,000 | 1,654,000 | 2,277,000 | 2,673,000 | 2,918,000 | 3,069,000 | 3,590,000 | 4,082,000 | 2,895,000 | |
| total current liabilities | 2,670,000 | 3,785,000 | 2,343,000 | 1,390,000 | 1,645,000 | 2,420,000 | 6,135,000 | 7,798,000 | 7,382,000 | 7,862,000 | 8,301,000 | 7,491,000 | 13,904,000 | 18,546,000 | 15,656,000 | 14,870,000 |
| loans | 357,672,000 | 439,183,000 | 576,448,000 | 636,152,000 | 803,097,000 | 990,069,000 | 1,035,330,000 | 1,106,546,000 | 1,038,721,000 | 1,057,323,000 | 1,118,052,000 | 1,132,514,000 | 1,207,825,000 | 1,243,186,000 | ||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 745,622,000 | |||||||||||||||
| provisions | 100,000 | 4,234,000 | 1,738,000 | 2,426,000 | 1,299,000 | 2,358,000 | 2,593,000 | 2,885,000 | 3,223,000 | 3,358,000 | 3,426,000 | 3,782,000 | 2,904,000 | 1,595,000 | ||
| total long term liabilities | 357,722,000 | 439,183,000 | 578,565,000 | 637,021,000 | 746,835,000 | 804,396,000 | 992,427,000 | 1,037,923,000 | 1,109,431,000 | 1,041,944,000 | 1,060,681,000 | 1,121,478,000 | 1,136,296,000 | 1,210,729,000 | 1,244,781,000 | 1,290,684,000 |
| total liabilities | 360,392,000 | 442,968,000 | 580,908,000 | 638,411,000 | 748,480,000 | 806,816,000 | 998,562,000 | 1,045,721,000 | 1,116,813,000 | 1,049,806,000 | 1,068,982,000 | 1,128,969,000 | 1,150,200,000 | 1,229,275,000 | 1,260,437,000 | 1,305,554,000 |
| net assets | 786,000 | 390,000 | 6,940,000 | 4,249,000 | 5,666,000 | 6,786,000 | 10,404,000 | 11,345,000 | 12,527,000 | 13,052,000 | 13,519,000 | 13,715,000 | 12,674,000 | 8,724,000 | 4,324,000 | 2,927,000 |
| total shareholders funds | 786,000 | 390,000 | 6,940,000 | 4,249,000 | 5,666,000 | 6,786,000 | 10,404,000 | 11,345,000 | 12,527,000 | 13,052,000 | 13,519,000 | 13,715,000 | 12,674,000 | 8,724,000 | 4,324,000 | 2,927,000 |
| 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 | -1,059,000 | -1,692,000 | -938,000 | -1,265,000 | -1,956,000 | -1,374,000 | -1,141,000 | -1,647,000 | -598,000 | -103,000 | 635,000 | 4,976,000 | 5,405,000 | 1,823,000 | -4,490,000 | |
| Depreciation | ||||||||||||||||
| Amortisation | ||||||||||||||||
| Tax | 265,000 | 424,000 | -3,000 | 240,000 | 110,000 | 557,000 | 261,000 | 216,000 | 469,000 | 119,000 | 19,000 | 351,000 | -925,000 | -1,240,000 | -455,000 | 1,257,000 |
| Stock | ||||||||||||||||
| Debtors | 859,000 | 175,000 | -271,000 | -81,000 | -40,000 | -672,000 | -237,000 | -666,000 | 2,257,000 | 30,000 | -25,000 | -396,000 | 407,000 | -6,000 | 34,000 | 37,000 |
| Creditors | ||||||||||||||||
| Accruals and Deferred Income | -1,115,000 | 1,442,000 | 953,000 | -255,000 | -775,000 | -3,715,000 | 4,481,000 | -623,000 | -396,000 | -245,000 | -151,000 | -521,000 | -492,000 | 1,187,000 | 2,895,000 | |
| Deferred Taxes & Provisions | 100,000 | -4,234,000 | 2,496,000 | -688,000 | 1,127,000 | -1,059,000 | -235,000 | -292,000 | -338,000 | -135,000 | -68,000 | -356,000 | 878,000 | 1,309,000 | 1,595,000 | |
| Cash flow from operations | -2,668,000 | -4,235,000 | 2,779,000 | -1,887,000 | -5,501,000 | 3,370,000 | -1,174,000 | -4,169,000 | -889,000 | -278,000 | 505,000 | 4,030,000 | 6,667,000 | 5,824,000 | ||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | -80,722,000 | -138,939,000 | -67,403,000 | 608,709,000 | -773,837,000 | -193,199,000 | -49,202,000 | -73,611,000 | 66,010,000 | -19,710,000 | -62,076,000 | -20,214,000 | -75,305,000 | -24,941,000 | 1,226,085,000 | |
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | -6,144,000 | 1,039,000 | -84,000 | -194,000 | 961,000 | -5,892,000 | -4,150,000 | 1,703,000 | 12,761,000 | |||||||
| Other Short Term Loans | -12,759,000 | 12,759,000 | ||||||||||||||
| Long term loans | -81,511,000 | -137,265,000 | -59,704,000 | 636,152,000 | -803,097,000 | -186,972,000 | -45,261,000 | -71,216,000 | 67,825,000 | -18,602,000 | -60,729,000 | -14,462,000 | -75,311,000 | -35,361,000 | 1,243,186,000 | |
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | -745,622,000 | 745,622,000 | ||||||||||||||
| share issue | ||||||||||||||||
| interest | -14,308,000 | |||||||||||||||
| cash flow from financing | -80,321,000 | -142,547,000 | -56,072,000 | -109,862,000 | -57,420,000 | -189,191,000 | -51,233,000 | -70,434,000 | 68,394,000 | -18,784,000 | -59,880,000 | -20,299,000 | -79,562,000 | -47,731,000 | 1,243,217,000 | |
| cash and cash equivalents | ||||||||||||||||
| cash | -2,239,000 | -5,804,000 | 12,862,000 | 4,757,000 | -10,450,000 | -1,493,000 | 1,339,000 | 2,003,000 | -1,785,000 | 36,762,000 | -6,303,000 | 420,000 | 4,273,000 | -2,815,000 | 713,000 | 5,888,000 |
| overdraft | ||||||||||||||||
| change in cash | -2,239,000 | -5,804,000 | 12,862,000 | 4,757,000 | -10,450,000 | -1,493,000 | 1,339,000 | 2,003,000 | -1,785,000 | 36,762,000 | -6,303,000 | 420,000 | 4,273,000 | -2,815,000 | 713,000 | 5,888,000 |
paragon mortgages (no. 12) plc Credit Report and Business Information
Paragon Mortgages (no. 12) Plc Competitor Analysis
Perform a competitor analysis for paragon mortgages (no. 12) plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in B91 area or any other competitors across 12 key performance metrics.
paragon mortgages (no. 12) plc Ownership
PARAGON MORTGAGES (NO. 12) PLC group structure
Paragon Mortgages (No. 12) Plc has no subsidiary companies.
Ultimate parent company
1 parent
PARAGON MORTGAGES (NO. 12) PLC
05386924
paragon mortgages (no. 12) plc directors
Paragon Mortgages (No. 12) Plc currently has 3 directors. The longest serving directors include Mr Richard Woodman (Apr 2014) and Mr Keith Allen (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Woodman | 59 years | Apr 2014 | - | Director | |
| Mr Keith Allen | 52 years | May 2015 | - | Director | |
| Mr James Giles | United Kingdom | 57 years | Mar 2017 | - | Director |
P&L
September 2024turnover
23.1m
+1%
operating profit
-1.1m
-37%
gross margin
9.4%
-31.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2024net assets
786k
+1.02%
total assets
361.2m
-0.19%
cash
38.1m
-0.06%
net assets
Total assets minus all liabilities
paragon mortgages (no. 12) plc company details
company number
05386924
Type
Public limited with Share Capital
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
March 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2024
previous names
paragon mortgages (no.17) plc (May 2006)
accountant
-
auditor
KPMG LLP
address
51 homer road, solihull, west midlands, B91 3QJ
Bank
-
Legal Advisor
-
paragon mortgages (no. 12) plc 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 2 charges/mortgages relating to paragon mortgages (no. 12) plc. Currently there are 2 open charges and 0 have been satisfied in the past.
paragon mortgages (no. 12) plc 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 (NO. 12) PLC. This can take several minutes, an email will notify you when this has completed.
paragon mortgages (no. 12) plc Companies House Filings - See Documents
| date | description | view/download |
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