PARAGON FIFTH FUNDING LIMITED

• ⚠

  Material uncertainty over going concern

  The accounts have therefore been prepared on the basis that the Company is not a going concern. Following the disposal of its loan assets and the repayment of its external borrowings in April 2018, the Company has effectively ceased to trade, and the intention of the directors is to settle its remaining assets and liabilities in an orderly fashion and, in due course, dissolve the Company.

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  -£2,676,295 → -£2,676,295

• Employees

  —

  Not reported

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

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.

1. PARAGON FIFTH FUNDING LIMITED 2012-08-31 → present
2. ANTGLEN LIMITED 2012-05-24 → 2012-08-31

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The accounts have therefore been prepared on the basis that the Company is not a going concern. Following the disposal of its loan assets and the repayment of its external borrowings in April 2018, the Company has effectively ceased to trade, and the intention of the directors is to settle its remaining assets and liabilities in an orderly fashion and, in due course, dissolve the Company.”

Significant events

• “On 8 June 2018 in line with the facility agreement the Company terminated the sterling credit facility.”
• “During the year the Company operated in the United Kingdom ('UK') and has been managed with a view to the orderly settlement of its remaining liabilities and its eventual closure.”
• “Following the disposal of its loan assets and the repayment of its external borrowings in April 2018, the Company has effectively ceased to trade, and the intention of the directors is to settle its remaining assets and liabilities in an orderly fashion and, in due course, dissolve the Company.”

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.