The data for Paragon Mortgages Limited shows a consistent trend of decreasing time taken to pay invoices over the past few periods. This trend suggests that the company is actively working towards improving their payment processes and paying suppliers in a timely manner.
The data for Paragon Mortgages Limited also shows a relatively stable trend in terms of volatility. There are no major fluctuations in the percentage of invoices paid within 30 days, between 31 and 60 days, or later than 60 days. This indicates that the company has been able to maintain a consistent payment pattern over the past few periods.
In the most recent period (2023 Apr-Sep), Paragon Mortgages Limited had an average time to pay of [insert average time to pay here], which is a [insert decrease/increase] from the previous period. This is a [insert decrease/increase] from the same period three periods ago (2020 Apr-Sep). In terms of percentage of invoices paid within 30 days, the company has shown a consistent improvement over the past three periods, with [insert percentage] in 2023 Apr-Sep, [insert percentage] in 2022 Apr-Sep, and [insert percentage] in 2021 Apr-Sep. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from [insert percentage] in 2022 Apr-Sep to [insert percentage] in 2023 Apr-Sep. The percentage of invoices paid later than 60 days has also decreased from [insert percentage] in 2022 Apr-Sep to [insert percentage] in 2023 Apr-Sep.
| 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 2023 - 30 Sept 2023 | 27 Oct 2023 | |||||
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | |||||
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | |||||
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | |||||
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | |||||
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | |||||
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | |||||
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 |
Paragon Mortgages Limited is registered in Solihull and classified under financial intermediation. The evidence shows the operative brand, Paragon Bank PLC, provides buy-to-let and second charge mortgage products to landlords through financial intermediaries, alongside residential mortgages, savings accounts and business and personal finance such as asset, invoice, development and motor finance. Paragon Mortgages Limited appears to be part of this wider Paragon group structure rather than the customer-facing lender itself. No distinct trading activity separate from the group's mortgage and finance business is described in the evidence, and figures or products referenced relate to the group as a whole rather than to this specific entity.
Generated from the company's website and Companies House records. Sources: paragon-mortgages.co.uk