The average time for PARAGON BANK PLC to pay invoices has fluctuated over the past three periods, with a decrease from 2017-10-01 to 2018-03-31, followed by an increase from 2018-04-01 to 2019-03-31, and then a decrease again from 2019-04-01 to 2020-03-31.
The volatility of PARAGON BANK PLC's invoice payments has been high, with significant changes between periods. The largest change was a decrease in the average time to pay from 2019-04-01 to 2020-03-31, with a decrease of 6.7%. The smallest change was an increase from 2021-04-01 to 2021-09-30, with an increase of 0.4%.
| 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 | |||||
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | |||||
| 01 Oct 2018 - 31 Mar 2019 | 15 Apr 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | |||||
| 01 Oct 2017 - 31 Mar 2018 | 27 Apr 2018 |
Paragon Bank PLC is a UK bank offering personal and business financial products, including savings accounts and cash ISAs, buy-to-let and residential mortgages, and a range of business and personal finance including asset finance, invoice finance, development finance and motor finance. Its motor finance arm works with UK car dealers and brokers to provide hire purchase and lease purchase finance for new and used cars, light commercial vehicles, motorhomes and caravans, with lending decisions and commission paid to intermediaries. The company is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, and is registered on the Financial Services Register.
Generated from the company's website and Companies House records. Sources: paragoncarfinance.co.uk