Industry ranking
Score of 90.44/100 qualifies for PaymentCheck Certification
| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 20 | 86% | 11% | 3% | 17% |
| 01 Apr 2025 - 30 Sept 2025 | 24 Oct 2025 | 19 | 88% | 9% | 3% | 13% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 21 | 87% | 9% | 4% | 13% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 22 | 84% | 11% | 4% | 15% |
| 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 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 21 | 82% | 13% | 5% | 20% |
| 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 2020 - 30 Sept 2020 | 30 Oct 2020 | 35 | 62% | 24% | 14% | 36% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 27 | 77% | 17% | 6% | 24% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 22 | 85% | 11% | 4% | 14% |
| 01 Oct 2018 - 31 Mar 2019 | 15 Apr 2019 | 24 | 81% | 14% | 5% | 19% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 23 | 83% | 11% | 6% | 15% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 24 | 81% | 14% | 5% | 19% |
This information is as reported by the business, and responses are in their own words.
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
The Company is committed to the fair treatment of all suppliers and in return expects our suppliers to help deliver a high standard of service to its customers. The Company’s commitment to, and expectations of, suppliers are laid out in its Supplier Code of Conduct, which can be found on its corporate website at: www.paragonbankinggroup.co.uk/who-we-are/governance/supplier-code-of-conduct. All suppliers are provided with a guide to the company’s invoicing process as part of the onboarding process, which should help them to expedite payments.
Maximum contractual payment period agreed
30
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. Any invoices under dispute would generally not be paid until the dispute is resolved, normal payment terms notwithstanding.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Paragon Finance PLC is a UK-registered public limited company whose registered activity is credit granting by non-deposit taking finance houses and specialist consumer credit grantors. It was originally incorporated in 1985 as Jordans 274 Public Limited Company, then became The Home Loans Corporation PLC and later The National Home Loans Corporation PLC, before adopting its current name in 1997. Companies House records show it filing regular full accounts and confirmation statements, indicating an active finance business rather than a dormant shell. The available evidence does not describe its specific lending products or customer base beyond its classification as a non-deposit taking consumer credit grantor.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk