paragon bank plc
paragon bank plc Company Information
Company Number
05390593
Next Accounts
Mar 2026
Shareholders
paragon banking group plc
Group Structure
View All
Industry
Banks
Registered Address
51 homer road, solihull, west midlands, B91 3QJ
Website
www.paragonbank.co.ukparagon bank plc Estimated Valuation
Pomanda estimates the enterprise value of PARAGON BANK PLC at £2b based on a Turnover of £1.2b and 1.67x industry multiple (adjusted for size and gross margin).
paragon bank plc Estimated Valuation
Pomanda estimates the enterprise value of PARAGON BANK PLC at £1.8b based on an EBITDA of £281.7m and a 6.42x industry multiple (adjusted for size and gross margin).
paragon bank plc Estimated Valuation
Pomanda estimates the enterprise value of PARAGON BANK PLC at £4.7b based on Net Assets of £1.1b and 4.44x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Paragon Bank Plc Overview
Paragon Bank Plc is a live company located in west midlands, B91 3QJ with a Companies House number of 05390593. It operates in the banks sector, SIC Code 64191. Founded in March 2005, it's largest shareholder is paragon banking group plc with a 100% stake. Paragon Bank Plc is a mature, mega sized company, Pomanda has estimated its turnover at £1.2b with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Paragon Bank Plc Health Check
Pomanda's financial health check has awarded Paragon Bank Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
2 Weak
Size
annual sales of £1.2b, make it larger than the average company (£92.6m)
£1.2b - Paragon Bank Plc
£92.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 66%, show it is growing at a faster rate (29.2%)
66% - Paragon Bank Plc
29.2% - Industry AVG
Production
with a gross margin of 29%, this company has a higher cost of product (46.8%)
29% - Paragon Bank Plc
46.8% - Industry AVG
Profitability
an operating margin of 23.8% make it more profitable than the average company (13.7%)
23.8% - Paragon Bank Plc
13.7% - Industry AVG
Employees
with 2486 employees, this is above the industry average (158)
- Paragon Bank Plc
158 - Industry AVG
Pay Structure
on an average salary of £103.1k, the company has an equivalent pay structure (£103.1k)
- Paragon Bank Plc
£103.1k - Industry AVG
Efficiency
resulting in sales per employee of £475k, this is equally as efficient (£475k)
- Paragon Bank Plc
£475k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Bank Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Bank Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Paragon Bank Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (11 weeks)
6 weeks - Paragon Bank Plc
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.5%, this is a similar level of debt than the average (90%)
94.5% - Paragon Bank Plc
90% - Industry AVG
PARAGON BANK PLC financials
Paragon Bank Plc's latest turnover from September 2024 is £1.2 billion and the company has net assets of £1.1 billion. According to their latest financial statements, we estimate that Paragon Bank Plc has 2,486 employees and maintains cash reserves of £2.4 billion 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 | 1,180,900,000 | 852,400,000 | 368,000,000 | 256,200,000 | 274,400,000 | 247,380,000 | 177,080,000 | 105,660,000 | 53,460,000 | 6,260,000 | 60,000 | |||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | 838,000,000 | 536,800,000 | 147,000,000 | 113,600,000 | 149,100,000 | 136,230,000 | 98,200,000 | 49,370,000 | 29,670,000 | 5,530,000 | 120,000 | |||||
| Gross Profit | 342,900,000 | 315,600,000 | 221,000,000 | 142,600,000 | 125,300,000 | 111,150,000 | 78,880,000 | 56,290,000 | 23,790,000 | 730,000 | -60,000 | |||||
| Admin Expenses | 61,200,000 | 19,200,000 | -68,000,000 | -24,900,000 | 20,600,000 | -7,400,000 | -87,380,000 | 32,590,000 | 23,820,000 | 9,320,000 | 4,050,000 | |||||
| Operating Profit | 281,700,000 | 296,400,000 | 289,000,000 | 167,500,000 | 104,700,000 | 118,550,000 | 166,260,000 | 23,700,000 | -30,000 | -8,590,000 | -4,110,000 | |||||
| Interest Payable | 49,370,000 | |||||||||||||||
| Interest Receivable | 105,660,000 | |||||||||||||||
| Pre-Tax Profit | 265,000,000 | 232,600,000 | 480,200,000 | 182,500,000 | 110,200,000 | 107,010,000 | 164,510,000 | 22,920,000 | -490,000 | -8,700,000 | -4,090,000 | |||||
| Tax | -57,500,000 | -36,400,000 | -85,800,000 | -38,800,000 | -15,600,000 | -9,790,000 | -8,080,000 | -5,250,000 | 100,000 | 1,800,000 | 900,000 | |||||
| Profit After Tax | 207,500,000 | 196,200,000 | 394,400,000 | 143,700,000 | 94,600,000 | 97,220,000 | 156,430,000 | 17,670,000 | -390,000 | -6,900,000 | -3,190,000 | |||||
| Dividends Paid | 158,900,000 | 258,100,000 | 150,300,000 | 94,800,000 | 110,200,000 | 18,240,000 | 6,910,000 | |||||||||
| Retained Profit | 48,600,000 | -61,900,000 | 244,100,000 | 48,900,000 | -15,600,000 | 78,980,000 | 149,520,000 | 17,670,000 | -390,000 | -6,900,000 | -3,190,000 | |||||
| Employee Costs | 8,310,000 | 5,710,000 | 3,840,000 | 1,850,000 | ||||||||||||
| Number Of Employees | 140 | 117 | 86 | 66 | 51 | |||||||||||
| EBITDA* | 281,700,000 | 296,400,000 | 289,000,000 | 167,500,000 | 104,700,000 | 118,550,000 | 166,260,000 | 23,700,000 | -30,000 | -8,590,000 | -4,110,000 |
* 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 | 16,821,900,000 | 15,264,900,000 | 10,239,900,000 | 1,598,650,000 | 1,558,080,000 | 819,660,000 | 359,730,000 | |||||||||
| Intangible Assets | ||||||||||||||||
| Investments & Other | 16,684,900,000 | 15,176,300,000 | 10,234,800,000 | 1,598,650,000 | 1,558,080,000 | 819,660,000 | 359,730,000 | |||||||||
| Debtors (Due After 1 year) | 137,000,000 | 88,600,000 | ||||||||||||||
| Total Fixed Assets | 16,821,900,000 | 15,264,900,000 | 10,239,900,000 | 1,598,650,000 | 1,558,080,000 | 819,660,000 | 359,730,000 | |||||||||
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 367,750,000 | 4,730,000 | 80,000 | |||||||||||||
| Group Debtors | 58,000,000 | 55,600,000 | 452,700,000 | 258,900,000 | 339,890,000 | |||||||||||
| Misc Debtors | 57,000,000 | 71,900,000 | 122,100,000 | 85,630,000 | 10,340,000 | 6,190,000 | 2,640,000 | 140,000 | ||||||||
| Cash | 2,378,400,000 | 2,860,000,000 | 1,646,100,000 | 1,194,100,000 | 1,673,600,000 | 837,230,000 | 917,550,000 | 629,890,000 | 324,690,000 | 323,310,000 | 60,560,000 | |||||
| misc current assets | 13,627,900,000 | 1,944,100,000 | 8,812,100,000 | 5,860,550,000 | 4,663,000,000 | 3,096,910,000 | 1,437,380,000 | 460,220,000 | 45,250,000 | |||||||
| total current assets | 2,378,400,000 | 2,860,000,000 | 15,389,000,000 | 3,265,700,000 | 11,061,800,000 | 7,042,310,000 | 5,930,780,000 | 4,094,550,000 | 1,772,990,000 | 786,250,000 | 105,950,000 | |||||
| total assets | 19,200,300,000 | 18,124,900,000 | 15,389,000,000 | 13,505,600,000 | 11,061,800,000 | 8,640,960,000 | 7,488,860,000 | 4,914,210,000 | 2,132,720,000 | 786,250,000 | 105,950,000 | |||||
| Bank overdraft | ||||||||||||||||
| Bank loan | 755,000,000 | 2,750,000,000 | 2,750,000,000 | 2,819,000,000 | 1,854,400,000 | 994,400,000 | 1,024,400,000 | 700,000,000 | ||||||||
| Trade Creditors | 388,300,000 | 297,900,000 | 19,030,000 | 12,170,000 | 2,930,000 | 120,000 | ||||||||||
| Group/Directors Accounts | ||||||||||||||||
| other short term finances | 268,100,000 | 192,000,000 | 257,600,000 | 222,300,000 | 154,300,000 | 3,617,730,000 | ||||||||||
| hp & lease commitments | 200,000 | |||||||||||||||
| other current liabilities | 17,395,200,000 | 14,373,400,000 | 10,919,200,000 | 9,670,100,000 | 7,881,500,000 | 6,638,190,000 | 5,600,830,000 | 17,640,000 | 1,882,170,000 | 711,550,000 | 60,160,000 | |||||
| total current liabilities | 18,150,200,000 | 17,123,400,000 | 14,325,600,000 | 12,681,300,000 | 10,291,400,000 | 7,854,890,000 | 6,779,530,000 | 4,354,400,000 | 1,894,340,000 | 714,480,000 | 60,280,000 | |||||
| loans | 10,000,000 | |||||||||||||||
| hp & lease commitments | 5,000,000 | |||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | ||||||||||||||||
| provisions | ||||||||||||||||
| total long term liabilities | 5,000,000 | |||||||||||||||
| total liabilities | 18,150,200,000 | 17,123,400,000 | 14,325,600,000 | 12,686,300,000 | 10,291,400,000 | 7,854,890,000 | 6,779,530,000 | 4,354,400,000 | 1,894,340,000 | 714,480,000 | 60,280,000 | |||||
| net assets | 1,050,100,000 | 1,001,500,000 | 1,063,400,000 | 819,300,000 | 770,400,000 | 786,070,000 | 709,330,000 | 559,810,000 | 238,380,000 | 71,770,000 | 45,670,000 | |||||
| total shareholders funds | 1,050,100,000 | 1,001,500,000 | 1,063,400,000 | 819,300,000 | 770,400,000 | 786,070,000 | 709,330,000 | 559,810,000 | 238,380,000 | 71,770,000 | 45,670,000 |
| 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 | 281,700,000 | 296,400,000 | 289,000,000 | 167,500,000 | 104,700,000 | 118,550,000 | 166,260,000 | 23,700,000 | -30,000 | -8,590,000 | -4,110,000 | |||||
| Depreciation | ||||||||||||||||
| Amortisation | ||||||||||||||||
| Tax | -57,500,000 | -36,400,000 | -85,800,000 | -38,800,000 | -15,600,000 | -9,790,000 | -8,080,000 | -5,250,000 | 100,000 | 1,800,000 | 900,000 | |||||
| Stock | ||||||||||||||||
| Debtors | 48,400,000 | -26,400,000 | -12,500,000 | -447,300,000 | 230,270,000 | -5,700,000 | -17,520,000 | 356,830,000 | 8,200,000 | 2,580,000 | 140,000 | |||||
| Creditors | -388,300,000 | 388,300,000 | -297,900,000 | 297,900,000 | -19,030,000 | 6,860,000 | 9,240,000 | 2,810,000 | 120,000 | |||||||
| Accruals and Deferred Income | 3,021,800,000 | 3,454,200,000 | 1,249,100,000 | 1,788,600,000 | 1,243,310,000 | 1,037,360,000 | 5,583,190,000 | -1,864,530,000 | 1,170,620,000 | 651,390,000 | 60,160,000 | |||||
| Deferred Taxes & Provisions | ||||||||||||||||
| Cash flow from operations | 3,197,600,000 | 3,352,300,000 | 1,853,100,000 | 2,066,700,000 | 1,400,040,000 | 1,151,820,000 | 5,739,860,000 | -2,196,050,000 | 1,171,730,000 | 644,830,000 | 56,930,000 | |||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | 1,508,600,000 | 15,176,300,000 | -10,234,800,000 | 10,234,800,000 | -1,598,650,000 | 40,570,000 | 738,420,000 | 459,930,000 | 359,730,000 | |||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | -1,995,000,000 | -69,000,000 | 964,600,000 | 860,000,000 | -30,000,000 | 324,400,000 | 700,000,000 | |||||||||
| Group/Directors Accounts | ||||||||||||||||
| Other Short Term Loans | -268,100,000 | 76,100,000 | -65,600,000 | 35,300,000 | 68,000,000 | -3,463,430,000 | 3,617,730,000 | |||||||||
| Long term loans | -10,000,000 | 10,000,000 | ||||||||||||||
| Hire Purchase and Lease Commitments | -5,200,000 | 5,200,000 | ||||||||||||||
| other long term liabilities | ||||||||||||||||
| share issue | ||||||||||||||||
| interest | 56,290,000 | |||||||||||||||
| cash flow from financing | -1,995,000,000 | -268,100,000 | -8,100,000 | 914,200,000 | 895,230,000 | 35,760,000 | -3,139,030,000 | 4,677,780,000 | 167,000,000 | 33,000,000 | 48,860,000 | |||||
| cash and cash equivalents | ||||||||||||||||
| cash | -481,600,000 | 1,213,900,000 | 452,000,000 | -479,500,000 | 836,370,000 | -80,320,000 | 287,660,000 | 305,200,000 | 1,380,000 | 262,750,000 | 60,560,000 | |||||
| overdraft | ||||||||||||||||
| change in cash | -481,600,000 | 1,213,900,000 | 452,000,000 | -479,500,000 | 836,370,000 | -80,320,000 | 287,660,000 | 305,200,000 | 1,380,000 | 262,750,000 | 60,560,000 |
paragon bank plc Credit Report and Business Information
Paragon Bank Plc Competitor Analysis
Perform a competitor analysis for paragon bank plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in B91 area or any other competitors across 12 key performance metrics.
paragon bank plc Ownership
PARAGON BANK PLC group structure
Paragon Bank Plc has 7 subsidiary companies.
Ultimate parent company
1 parent
PARAGON BANK PLC
05390593
7 subsidiaries
paragon bank plc directors
Paragon Bank Plc currently has 11 directors. The longest serving directors include Mr Nigel Terrington (Jun 2013) and Mr Richard Woodman (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nigel Terrington | England | 65 years | Jun 2013 | - | Director |
| Mr Richard Woodman | 59 years | Sep 2017 | - | Director | |
| Mr Graeme Yorston | 67 years | Sep 2017 | - | Director | |
| Mrs Barbara Ridpath | England | 69 years | Sep 2017 | - | Director |
| Mr Hugo Tudor | England | 62 years | Sep 2017 | - | Director |
| Mrs Alison Morris | United Kingdom | 65 years | Mar 2020 | - | Director |
| Mrs Alison Morris | United Kingdom | 65 years | Mar 2020 | - | Director |
| Mr Peter Hill | United Kingdom | 63 years | Oct 2020 | - | Director |
| Mr Robert East | United Kingdom | 65 years | Sep 2022 | - | Director |
| Ms Tanvi Davda | 52 years | Sep 2022 | - | Director |
P&L
September 2024turnover
1.2b
+39%
operating profit
281.7m
-5%
gross margin
29.1%
-21.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2024net assets
1.1b
+0.05%
total assets
19.2b
+0.06%
cash
2.4b
-0.17%
net assets
Total assets minus all liabilities
paragon bank plc company details
company number
05390593
Type
Public limited with Share Capital
industry
64191 - Banks
incorporation date
March 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2024
previous names
paragon mortgages (no.24) plc (January 2014)
accountant
-
auditor
KPMG LLP
address
51 homer road, solihull, west midlands, B91 3QJ
Bank
-
Legal Advisor
SLAUGHTER AND MAY
paragon bank 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 1 charges/mortgages relating to paragon bank plc. Currently there are 1 open charges and 0 have been satisfied in the past.
paragon bank 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 BANK PLC. This can take several minutes, an email will notify you when this has completed.
paragon bank plc Companies House Filings - See Documents
| date | description | view/download |
|---|
