PARAGON MORTGAGES LIMITED

1. PARAGON MORTGAGES LIMITED 1997-03-03 → present
2. HOMELOANS DIRECT LIMITED 1994-04-15 → 1997-03-03
3. NHL TWENTIETH FUNDING LIMITED 1989-01-24 → 1994-04-15

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After considering the Company's position, the economic environment and the forecasts described above, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. This is further supported by the Group holding sufficient cash resources to support the Company's obligations as they fall due. For this reason, they continue to adopt the going concern basis in preparing the Financial Statements.”

Group structure

1. PARAGON MORTGAGES LIMITED · parent
   1. Paragon Options PLC 100% · England and Wales · provision of mortgage loans secured on residential properties within the United Kingdom
   2. Paragon Second Funding Limited 100% · England and Wales · provision of mortgage loans secured on residential properties within the United Kingdom

Significant events

• “On 1 May 2024 the Company sold £80.7 million of mortgage loans at the carrying value to a fellow group company.”
• “On 11 June 2024 the Company sold £35.3 million of mortgage loans at the carrying value to a fellow group company.”
• “The directors recommend no final dividend (2024: £nil) which, given the interim dividend of £0.03 per share (2024: £0.04 per share), means a total dividend for the year of £0.03 per share (2024: £0.04 per share).”
• “The directors of the Group, having considered the requirements for rotation of auditors after 10 years of service from KPMG LLP, conducted an audit tender process in respect of the 2026 audit during the financial year ended 30 September 2024. Deloitte LLP were selected as a result of this process, and have expressed their willingness to take office.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -8.3%

  £6,122,000 → £5,613,000

• Cash

  -72.7%

  £8,336,000 → £2,274,000

• Net assets

  +1.2%

  £99,137,000 → £100,340,000

• Employees

  —

  Not reported

• Operating profit

  +52.4%

  £3,676,000 → £5,604,000

• Profit before tax

  +52.4%

  £3,676,000 → £5,604,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers