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Type | Public |
---|---|
LSE: PAG | |
Industry | Personal loans |
Founded | 1985 |
Headquarters | Solihull, West Midlands, United Kingdom |
Key people | Fiona Clutterbuck, Chairman Nigel Terrington, CEO |
Revenue | £278.4 million (2019)[1] |
£159.0 million (2019)[1] | |
£127.4 million (2019)[1] | |
Website | www.paragonbankinggroup.co.uk/ |
The Paragon Banking Group PLC is one of the United Kingdom's largest providers of mortgages and personal loans. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was established in 1985 as the National Home Loans Corporation.[2] It launched Homeloans Direct in 1995.[3] In 1997 it changed its name to the Paragon Group of Companies.[4] In 2003 it acquired Britannic Money.[5]
In 2014, the Paragon Group of Companies PLC launched Paragon Bank which offers a range of internet-based savings accounts and a range of lending products.[6]
In 2017, it changed its name to Paragon Banking Group PLC, which was to reflect its focus towards becoming a "fully integrated banking business".[7]
In 2018, Paragon Banking Group completed a £48m takeover of residential lender Titlestone Property Finance.[8]
Operations
The Company is based in Solihull and offers lending to landlords and businesses and also offers savings accounts to consumers.[9]
References
- ^ a b c "Annual Report 2019". Paragon. Retrieved 3 March 2020.
- ^ "Overview". Paragon Banking Group. Retrieved 28 March 2018.
- ^ "Paragon Mortgages". U switch. Retrieved 28 March 2018.
- ^ "Paragon Banking Group". Companies House. Retrieved 28 March 2018.
- ^ Paragon eyeing up Britannic Money. Daily Telegraph, 25 May 2003
- ^ "Paragon Bank Launches". Paragon. Retrieved 19 August 2017.
- ^ "Paragon Group Changes Name To Paragon Banking Group Amid Restructure". Interactive Investor. Retrieved 2017-09-27.
- ^ "Paragon completes Titlestone takeover". Property Week. Retrieved 2018-07-30.
- ^ "Paragon About Us". Paragon Banking Group PLC.