 | |
| Company type | Public |
|---|---|
| Industry | Banking and Finance |
| Founded | 1985 |
| Headquarters | Solihull, West Midlands, United Kingdom |
Key people | Robert East,
Chairman Nigel Terrington, CEO |
| Revenue | 
£1,010.6 million (2023)
[1] |
£199.9 million (2023)
[1] | |
|
£153.9 million (2023)
[1] | |
| Website | www.paragonbankinggroup.co.uk/ |
The Paragon Banking Group PLC is one of the United Kingdom's largest providers of mortgages, savings accounts, and business finance. 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, as part of 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 2023". Paragon. Retrieved 13 February 2024.
- ^ "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 27 September 2017.
- ^ "Paragon completes Titlestone takeover". Property Week. Retrieved 30 July 2018.
- ^ "Who We Are". Paragon Banking Group PLC.