Paragon Banking Group PLC Logo

Paragon Banking Group PLC

ISIN: GB00B2NGPM57 | Ticker: PAG | LEI: 213800S1TDKIB1IUTS72
Sector: FinancialsSub-Industry: Consumer Finance
Country: United Kingdom

About Paragon Banking Group PLC

Company Description

Paragon Banking Group PLC is a UK-based specialist lender and banking service provider that focuses on serving individuals and businesses in niche markets. The company's diverse portfolio includes mortgage lending, consumer finance, and business lending, which are offered through its three core business divisions: Mortgages, Commercial Lending, and Idem Capital.

Paragon Banking Group PLC was founded in 1985 as a mortgage lender to help finance the purchase of residential properties. Over the years, it has expanded its services to meet the changing needs of its customers and the market. Today, the company has established itself as a prominent lender in the UK subprime market, serving individuals and businesses that may not meet the criteria of mainstream lenders.

Year founded

1985

Served area

United Kingdom

Headcount

1,537

Headquarters

51 Homer Road, B91 3QJ Solihull – United Kingdom

Financial statements

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Line item in (gbp) 01.10.2020 02.10.2020 01.10.2021 02.10.2021 01.10.2022 01.10.2023
Assets 15,505,500,000.00 N/A 15,137,000,000.00 N/A 16,653,600,000.00 18,420,200,000.00
Property Plant And Equipment 66,100,000.00 N/A 70,400,000.00 N/A 71,400,000.00 74,700,000.00
Deferred Tax Assets 6,200,000.00 N/A 14,400,000.00 N/A 0.00 0.00
Cash and cash equivalents N/A 1,924,600,000.00 1,359,800,000.00 1,359,800,000.00 1,930,500,000.00 2,994,100,000.00
Cash N/A N/A 1,360,100,000.00 N/A 1,930,900,000.00 2,994,300,000.00
Equity And Liabilities 15,505,500,000.00 N/A 15,137,000,000.00 N/A 16,653,600,000.00 18,420,200,000.00
Equity 1,156,000,000.00 1,156,000,000.00 1,241,900,000.00 1,241,900,000.00 1,417,300,000.00 1,410,600,000.00
Issued Capital 261,800,000.00 N/A 262,500,000.00 N/A 241,400,000.00 228,700,000.00
Treasury Shares 37,800,000.00 N/A 76,700,000.00 N/A 48,000,000.00 75,600,000.00
Liabilities 14,349,500,000.00 N/A 13,895,100,000.00 N/A 15,236,300,000.00 17,009,600,000.00
Deferred Tax Liabilities 0.00 N/A 0.00 N/A 44,400,000.00 17,700,000.00
Line item in (gbp) 01.10.2020/
01.10.2021
01.10.2021/
01.10.2022
01.10.2022/
01.10.2023
Revenue From Interest 443,500,000.00 545,700,000.00 1,010,600,000.00
Other Income 10,900,000.00 12,600,000.00 11,500,000.00
Gain Loss Arising From Derecognition Of Financial Assets Measured At Amortised Cost 0.00 4,600,000.00 0.00
Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 -4,700,000.00 14,000,000.00 18,000,000.00
Profit Loss Before Tax 213,700,000.00 417,900,000.00 199,900,000.00
Income Tax Expense Continuing Operations 49,200,000.00 104,300,000.00 46,000,000.00
Profit (loss) 164,500,000.00 313,600,000.00 153,900,000.00
Line item in (gbp) 01.10.2021 02.10.2020 01.10.2022 02.10.2021 01.10.2023
Profit (loss) 164,500,000.00 N/A 313,600,000.00 N/A 153,900,000.00
Cash Flows From Used In Operating Activities 878,100,000.00 N/A 1,168,700,000.00 N/A 2,171,700,000.00
Cash Flows From Used In Investing Activities -4,300,000.00 N/A -2,400,000.00 N/A -3,100,000.00
Cash Flows From Used In Financing Activities -1,438,600,000.00 N/A -595,600,000.00 N/A -1,105,000,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes -564,800,000.00 N/A 570,700,000.00 N/A 1,063,600,000.00
Cash and cash equivalents 1,359,800,000.00 1,924,600,000.00 1,930,500,000.00 1,359,800,000.00 2,994,100,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Short Interest


Current short interest

Position Holder Short Interest in Percent Date
KERSLEY STREET CAPITAL LLP 0.69% 18.10.23
KERSLEY STREET CAPITAL LLP 0.71% 07.07.23
SQUARE CIRCLE IA LP 0.80% 18.07.23
KERSLEY STREET CAPITAL LLP 0.57% 31.10.23
KERSLEY STREET CAPITAL LLP 0.50% 27.12.23
GLG Partners LP 0.64% 02.11.23
SQUARE CIRCLE IA LP 0.84% 06.12.23
GLG Partners LP 0.51% 09.10.23
SQUARE CIRCLE IA LP 0.69% 12.12.23
GLG Partners LP 0.72% 05.01.24
KERSLEY STREET CAPITAL LLP 0.60% 11.01.24
SQUARE CIRCLE IA LP 0.91% 22.09.23
Total 8.18%

Capital markets information

ISIN

GB00B2NGPM57

LEI

213800S1TDKIB1IUTS72

Sector

Financials

Industry Group

Financial Services

Industry

Consumer Finance

Sub-Industry

Consumer Finance

Listed Stock Exchange

London Stock Exchange

Stock Index

FTSE 250

Main Stock Exchange

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