Paragon Advance Ltd

Reference number: 304595

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Authorisation being cancelled, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When paragonadvance.com first appeared online, and whether it can receive email
  • What kind of line 023 9231 5164 is
  • Who else gives the postcode PO6 3TD
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • Advance FS Former trading name

Past FCA permissions and consumer protection

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (5 permissions)
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Credit Broking
  • Making arrangements with a view to transactions in investments
  • Providing Credit Information Services

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Concerns on the company record

  • Companies House records this company in liquidation.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
03679691
Company status
Liquidation
Company type
Private limited company
Incorporated
7 December 1998 (27 years old)
Registered office
Unit 5 Quaypoint, Northarbour Road, Portsmouth, PO6 3TD, England
Nature of business
  • Other professional, scientific and technical activities not elsewhere classified (SIC 74909)

Directors and company secretaries

Name Role Born Appointed Other companies
Brynley Richards Cole Director Apr 1955 7 Dec 1998 16 other companies
Rebecca Ann Leaves Director Jul 1981 26 Apr 2022 2 other companies

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
16
closed down
10
went insolvent
3

In the full report: all 16 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • The 3 that went into liquidation or administration
  • The 2 on the FCA register
  • The 2 companies these 2 directors run together
  • All 4 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 December 2023Small company accountsNot audited

Net assets

£250k

+5.6% from £237k

Cash at bank

£62.4k

+1.3% from £61.6k

Employees (average)

9

+50% from 6

Owed within a year

£966k

<1% from £972k

Its next accounts are overdue at Companies House.

Net assets

In the full report: all 5 years of accounts

  • Every year from 2019 to 2023
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 03679691. Figures are exactly as filed; nothing is estimated.

Key dates in its history

Paragon Advance’s history from the FCA register and Companies House, newest first.

Key events (5) All events (14)

2016

6 April 2016

  • Brynley Richard Cole took control (75–100% of votes)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2004

31 October 2004

  • Regulated by the Financial Services Authority from this date
  • Applied to cancel its FCA authorisation

FCA register

1998

7 December 1998

  • Incorporated at Companies House

Companies House

In the full report: all 14 events

  • All 14 events in its history (5 shown here)
  • Every director appointment and resignation: 4
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Firms connected to Paragon Advance

Other FCA-listed firms that share a director, phone number or address with Paragon Advance. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share a director
1
past link
1

In the full report: the connected firm, named

  • How it is linked: shared directors (1)
  • Who links it to this firm: the named directors, with dates
  • 1 past link through former directors
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Firms like Paragon Advance

Other firms of the same type (insurance broker), nearest first.

In Portsmouth

Burnett & Associates LimitedPortsmouthAuthorisedCitymain Administrators LimitedPortsmouthAuthorisedGardx Assure LtdPortsmouthAuthorisedNoyce Insurance Solutions LimitedPortsmouthAuthorisedPhilip Gibbs Insurance Brokers LimitedPortsmouthAuthorisedSabre Assessing LtdPortsmouthAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Paragon Advance

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 16 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 14 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Paragon Advance Ltd FCA authorised?
Paragon Advance Ltd (FRN 304595) is on the FCA register, but its authorisation is changing (authorisation being cancelled). Check the register before dealing with it.
What is Paragon Advance’s phone number and website?
The FCA register lists the phone number 023 9231 5164 and the website PARAGONADVANCE.COM for Paragon Advance. If you were given different contact details, use these to check with the firm before going any further.
Is Paragon Advance a scam or clone?
Paragon Advance is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Paragon Advance?
Paragon Advance is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Who owns Paragon Advance?
Companies House lists one person with significant control of Paragon Advance: Mr Brynley Richard Cole (75–100% of votes).
Who runs Paragon Advance?
Companies House lists 2 directors of Paragon Advance: Brynley Richards Cole and Rebecca Ann Leaves.
How long has Paragon Advance been in business?
The company was formed on 7 December 1998. Companies House now lists it as liquidation.
What do Paragon Advance’s latest accounts show?
Its latest accounts, to 31 December 2023, show net assets of £250k (+5.6% from £237k) and cash at bank of £62.4k (+1.3% from £61.6k). Its accounts are overdue at Companies House.
Does Paragon Advance use any other names?
It has previously used the name Advance FS.

Sources and links

The full report on Paragon Advance Ltd

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