PARAGON INTERNET GROUP LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.4 in the financial statements, which indicates that due to the sale of the customer base of the company, there is doubt over the future existence of the company. As stated in note 2.4, the company expects to continue providing support services to other group entities. However, it is anticipated that the company will either be repurposed or potentially liquidated at an undetermined future date. Given the unpredictability of the timeframe in which this decision will be made, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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

• Turnover

  -17.6%

  £8,670,000 → £7,148,000

• Cash

  -44.6%

  £1,800,000 → £997,000

• Net assets

  +93.3%

  -£7,744,000 → -£522,000

• Employees

  -10.5%

  19 → 17

• Operating profit

  +563.9%

  £1,050,000 → £6,971,000

• Profit before tax

  +611.1%

  £977,000 → £6,947,000

• Wages

  +0.7%

  £1,330,000 → £1,339,000

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

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.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Kreston Reeves LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.4 in the financial statements, which indicates that due to the sale of the customer base of the company, there is doubt over the future existence of the company. As stated in note 2.4, the company expects to continue providing support services to other group entities. However, it is anticipated that the company will either be repurposed or potentially liquidated at an undetermined future date. Given the unpredictability of the timeframe in which this decision will be made, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. PARAGON INTERNET GROUP LIMITED · parent
   1. GoDaddy Bulgaria EOOD 100% · Bulgaria · Telecommunications

Significant events

• “The company had net current liabilities of £494,000 as of 31 December 2024 (2023: £7,677,000). Cash at bank and in hand was £996,000 as of 31 December 2024 (2023: £1,800,000). The company has made a profit after tax of £6,947,000 (2023: £977,000) which is inclusive of the income received as part of the sale of its customer base to 123-Reg Limited on 31 December 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.