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  • About us

    Founded in 1985, the FTSE 250 Paragon Group of Companies is a specialist provider of finance for people. We have three core businesses - Paragon Mortgages, Idem Capital and Paragon Bank.

Key facts

employees

We have almost 1,300 employees

customer accounts serviced

Over 1.5 million customer accounts serviced

FTSE 250

A FTSE 250 listed company

customer accounts

Over 490,000 customer accounts

Business lines

Paragon Mortgages

Working with the Private Rented Sector, we provide buy-to-let mortgages to landlords.

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Idem Capital

With 25 years' experience, we purchase and service a variety of loan assets.

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Paragon Bank

A British bank offering savings, car finance, second mortgages, development finance and asset finance.

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Company history

Company history

2015

During the year the Group completed its 62nd securitisation deal PM24.

In the summer the Group launched its third retail bond to the market raising £112.5 million.

The Group successfully completed the acquisition of Five Arrows Leasing Group from Rothschild & Co for £117.0 million.

2014

On 18 February the Group launched its banking subsidiary, Paragon Bank

Annual results for the year showed Paragon Mortgages recorded an 82% increase in lending

During November the Group completed its 59th securitisation deal - PM21

Record pre-tax profits reported of £122.2 million

2013

Idem Capital completed its ninth acquisition, a portfolio of unsecured consumer loans worth £13.5 million from HSBC

The Group launched its first retail bond, raising £60 million

2012

The Group announced the signing of a new £200 million warehouse facility, provided by Lloyds Bank, and the renewal of the existing warehouse with Macquarie

2011

The Group completed its first securitisation since 2007 and the first UK post-credit crunch transaction consisting exclusively of buy-to-let assets

Idem Capital acquired six loan portfolios, either directly or co-invested, with a total investment of £89.5 million

2010

The Group announced a return to new lending with a range of fixed and tracker rate buy-to-let products

2009

The Group successfully managed its £9.3 billion portfolio of assets in difficult market conditions, producing an arrears performance significantly better than the industry average

2008

The Group successfully completed a Rights Issue – with no corporate debt to repay until 2017

The Group recorded underlying profits of £66.9 million

2007

Non-executive director Bob Dench replaced Jon Perry as Chairman in February

2006

The Group expanded its market share of the buy-to-let market from 8% to 10% and recorded profits of £82.8 million and assets under management of £8.4 billion

2003

The Group completed the acquisition of Britannic Money, which is rebranded Mortgage Trust, consolidating its position in the buy-to-let market

1998

The Group expanded its activities in the consumer finance market with the acquisition of Universal Credit from Lloyds TSB for £25 million

1997

Paragon was awarded the Investors in People accreditation

1995

The Group launched its first buy-to-let product

Nigel Terrington appointed as Chief Executive

1985

Paragon Group was founded