In the past three periods, there has been a steady trend of improvement in the average time taken for PARAGON DEVELOPMENT FINANCE LIMITED to pay their invoices. This is reflected in the decreasing percentage of invoices paid later than 60 days.
There is relatively low volatility in the data for PARAGON DEVELOPMENT FINANCE LIMITED, with consistent percentages for invoices paid within 30 days and between 31 and 60 days. However, there is some fluctuation in the percentage of invoices paid later than 60 days.
Based on the data provided, PARAGON DEVELOPMENT FINANCE LIMITED has shown improvement in their payment process over the past three periods. In the most recent period (2022-04-01 to 2022-09-30), the average time taken to pay invoices has decreased to an all-time low. The percentage of invoices paid within 30 days has also increased, indicating a more efficient payment system. However, there is still room for improvement in the percentage of invoices paid between 31 and 60 days, as well as the percentage of invoices not paid within agreed terms. The worst period for PARAGON DEVELOPMENT FINANCE LIMITED was the first period (2020-10-01 to 2021-03-31) where the percentage of invoices paid later than 60 days was the highest.
| 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 |
Paragon Development Finance Limited is a UK-registered company based in Solihull, incorporated in January 2000. It was previously named Estroday Limited and later Capital Professions Finance Ltd before adopting its current name in 2018. Companies House records its nature of business as a non-trading company, though its SIC classification refers to financial intermediation not elsewhere classified. The evidence available does not describe any specific trading activity, products or services offered to customers, only its registration history, registered office and officer appointments. No further detail on its actual business operations is provided in the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk