PARAGON FINANCE PLC
Company Information
- Company Number
- 01917566
- Registered Address
- 51 Homer Road, Solihull, West Midlands, B91 3QJ
- Status
- Active
- Employee Count
- 1,546
- Turnover
- £9,596,000
- EBITDA
- £16,851,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 29 May 1985
- Nature of Business
- 64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Financial Services
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Apr 2025 - 30 Sept 2025 | 24 Oct 2025 | 19 | 88% | 9% | 3% | 13% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 23 | 85% | 11% | 4% | 11% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 21 | 85% | 9% | 6% | 14% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 28 | 73% | 20% | 8% | 29% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 22 | 81% | 13% | 6% | 18% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 22 | 83% | 12% | 5% | 19% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 30 | 76% | 14% | 10% | 22% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 22 | 85% | 11% | 4% | 14% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 23 | 83% | 11% | 6% | 15% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
In the event of a dispute, we would expect the supplier to get in touch with their usual contact within the company to discuss the issue. The contact person (which will vary from contract to contract) would then aim to deal promptly with the complaint/dispute in accordance with the terms of the contract.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
PARAGON FINANCE PLC is a financial services company based in the United Kingdom. The company provides a wide range of financial products and services to individuals and businesses, including savings and investments, mortgages, and asset finance.
In addition to its financial services, PARAGON FINANCE PLC is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact. This includes using renewable energy sources, reducing waste and promoting sustainable practices among its employees and customers.
The company's key people include its CEO, Nigel Terrington, and its Chairman, John Heron. They are supported by a team of experienced professionals who are dedicated to providing high-quality financial services to their clients.
PARAGON FINANCE PLC can be contacted through their website, which provides information about their products and services, as well as their sustainability program. The company's registered office is located in London, and its contact information can be found on their website.
Overall, PARAGON FINANCE PLC is a reputable financial services company that is committed to sustainability and providing excellent products and services to its clients.
