PARAGON MORTGAGES (NO. 12) PLC
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-09-30
Confirmation statement due
2027-03-25 (in 10mo)
Last made up 2026-03-11
Watchouts
Cash
£38M
-0.2% vs 2024
Net assets
£157K
-80% vs 2024
Employees
—
Average over period
Profit before tax
-£795K
+24.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These events and conditions, as explained in note 21, constitute a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Turnover | £23,148,000 | £17,004,000 | |
| Operating profit | -£1,059,000 | -£795,000 | |
| Profit before tax | -£1,059,000 | -£795,000 | |
| Net profit | -£794,000 | -£596,000 | |
| Cash | £38,128,000 | £38,035,000 | |
| Total assets less current liabilities | £358,508,000 | £305,003,000 | |
| Net assets | £786,000 | £157,000 | |
| Equity | £786,000 | £157,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | £4,000 | £3,000 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-09-30 vs 2024-09-30
-
Turnover
-26.5%
£23,148,000 £17,004,000
-
Cash
-0.2%
£38,128,000 £38,035,000
-
Net assets
-80%
£786,000 £157,000
-
Employees
—
Not reported
-
Operating profit
+24.9%
-£1,059,000 -£795,000
-
Profit before tax
+24.9%
-£1,059,000 -£795,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Operating margin | -4.6% | -4.7% | |
| Net margin | -3.4% | -3.5% | |
| Return on capital employed | -0.3% | -0.3% | |
| Gearing (liabilities / total assets) | 99.8% | 99.9% | |
| Current ratio | 14.81x | 15.88x |
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.
Name history
Renamed 1 time since incorporation
- PARAGON MORTGAGES (NO. 12) PLC 2006-05-23 → present
- PARAGON MORTGAGES (NO.17) PLC 2005-03-09 → 2006-05-23
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These events and conditions, as explained in note 21, constitute a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”
Significant events
- “On 26th June 2019, the Group disposed of its residual interests in the Company to Residual Interest Paragon Mortgages (No.12) PLC ('RIPM12').”
- “The directors of PBG, having considered the requirements for rotation of auditors after 10 years of service from KPMG LLP, conducted an audit tender process during the financial year. Deloitte LLP were selected as a result of this process, and have expressed their willingness to take office.”
- “On 15 February 2022 an agreement was reached with the senior noteholders of Paragon Mortgages (No. 12) PLC to transition to a SONIA-linked basis for interest charging, effective from the interest payment date on 15 May 2022.”
- “The UK Government elected in 2024, and the fiscal and economic measures announced in its October 2024 budget have yet to become clear”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VAN NIEKERK, Marius | Secretary | 2025-04-02 | — | — |
| ALLEN, Keith Graham | Director | 2015-05-12 | Jul 1972 | British |
| GILES, James Paul | Director | 2017-03-08 | Feb 1968 | British |
| WHITAKER, Paivi Helena | Director | 2017-03-08 | Jan 1963 | Finnish |
| WOODMAN, Richard James | Director | 2014-04-25 | May 1965 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GEMMELL, John Grigor | Secretary | 2005-03-17 | 2014-06-30 |
| MURPHY, Ciara | Secretary | 2022-11-24 | 2025-04-02 |
| NIEKERK, Marius Van | Secretary | 2020-06-05 | 2022-11-24 |
| SHARP, Pandora | Secretary | 2014-06-30 | 2020-06-05 |
| HAMMONDS SECRETARIES LIMITED | Corporate Secretary | 2005-03-09 | 2005-03-17 |
| BAKER, Robin Gregory | Director | 2008-10-10 | 2010-09-30 |
| FAIRRIE, James Patrick Johnston | Director | 2008-10-10 | 2018-11-19 |
| FAIRRIE, James Patrick Johnston | Director | 2006-05-24 | 2007-07-20 |
| FILER, Mark Howard | Director | 2007-07-26 | 2008-10-10 |
| GEMMELL, John Grigor | Director | 2005-03-17 | 2014-06-30 |
| HARVEY, John Alexander | Director | 2010-05-14 | 2017-01-31 |
| KEEN, Nicholas | Director | 2005-03-17 | 2014-05-31 |
| MEHMET, Adem | Director | 2006-05-24 | 2010-05-14 |
| NOWACKI, John Paul, Mr. | Director | 2016-11-21 | 2017-03-07 |
| SHELTON, Richard Dominic | Director | 2005-03-17 | 2021-02-03 |
| STOLP, Dirk Peter | Director | 2011-09-06 | 2016-11-01 |
| WINSHIP, Paul Francis | Director | 2010-11-18 | 2011-08-02 |
| HAMMONDS DIRECTORS LIMITED | Corporate Director | 2005-03-09 | 2005-03-17 |
| HAMMONDS SECRETARIES LIMITED | Corporate Director | 2005-03-09 | 2005-03-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Paragon Banking Group Plc | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
| Earlswood Finance (No. 3) Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 116 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | AUD | auditors | Auditors resignation company | |
| 2026-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-10 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-04 | AA | accounts | Accounts with accounts type full | |
| 2024-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-08 | AA | accounts | Accounts with accounts type full | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-16 | AA | accounts | Accounts with accounts type full | |
| 2022-11-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-11-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-18 | AA | accounts | Accounts with accounts type full | |
| 2021-03-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-02-15 | AA | accounts | Accounts with accounts type full | |
| 2021-02-03 | TM01 | officers | Termination director company with name termination date | |
| 2020-07-20 | RP04TM02 | officers | Second filing of secretary termination with name | |
| 2020-07-20 | RP04AP03 | officers | Second filing of secretary appointment with name |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.