Paragon Scheme Management Services Limited

Reference number: 415457

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Appointed representative, 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).

Responsible principal firm

Paragon Advance Ltd Reference number: 304595 Caution View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Paragon Scheme Management Services Limited (FRN 415457) is an AR of Paragon Advance Ltd (FRN 304595). When you use Paragon Scheme Management Services's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Paragon Scheme Management Services, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

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.

  • No website on the FCA register

  • No phone number on the FCA register

  • Address

    c/o Alexander Kinninmonth and James Prior, of FRP Advisory Trading Limited, Mountbatten House, Grosvenor Square, Southampton, SO15 2JU, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode SO15 2JU
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Other names (1)

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

  • FCC Paragon 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.

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 administration.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
03176719
Company status
Administration
Company type
Private limited company
Incorporated
22 March 1996 (30 years old)
Registered office
3rd Floor 2 Charlotte Place, Southampton, SO14 0TB
Nature of business
  • Non-life insurance (SIC 65120)
  • Management consultancy activities other than financial management (SIC 70229)

Directors and company secretaries

Name Role Born Appointed Other companies
Brynley Richards Cole Director Apr 1955 25 Mar 1997 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, including one no longer authorised
  • The 2 companies these 2 directors run together
  • All 8 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

£288k

−55% from £632k

Cash at bank

£13.0k

−65% from £36.9k

Employees (average)

60

−1.6% from 61

Owed within a year

£1.49m

+48% from £1.01m

Its next accounts are overdue at Companies House.

Assets and liabilities

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
Instant PDF download
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 03176719. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Paragon Scheme Management Services’s history from the FCA register and Companies House, newest first.

Key events (3) All events (17)

2016

6 April 2016

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

Companies House

2004

23 November 2004

  • Became an appointed representative

FCA register

1996

22 March 1996

  • Incorporated at Companies House

Companies House

In the full report: all 17 events

  • All 17 events in its history (3 shown here)
  • Every director appointment and resignation: 12
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Firms connected to Paragon Scheme Management Services

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

connected firms
6
no longer authorised
1
share a director
1

In the full report: all 6 connected firms, named

  • How each is linked: shared directors (1), the same postcode (5)
  • Who links each one: the named directors, with dates
  • 1 past link through former directors
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Firms like Paragon Scheme Management Services

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

In Southampton

Carnival Ltd.SouthamptonAppointed representativeBusy Bee Mortgage and Protection Solutions LimitedSouthamptonAppointed representativeChoice Financial Solutions LtdSouthamptonAppointed representativeDPM (Hampshire) LLPSouthamptonAppointed representativeFC Fin LimitedSouthamptonAppointed representativeGh Property Management Services LimitedSouthamptonAppointed representative

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 Scheme Management Services

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
  • 1 background check on its contact details
  • 5 years of accounts, charted
  • All 17 events in its history
  • 6 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Paragon Scheme Management Services Limited FCA authorised?
Paragon Scheme Management Services Limited (FRN 415457) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Paragon Scheme Management Services?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Paragon Scheme Management Services Limited (FRN 415457) is an AR of Paragon Advance Ltd (FRN 304595). When you use Paragon Scheme Management Services's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Paragon Scheme Management Services, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
Is Paragon Scheme Management Services a scam or clone?
Paragon Scheme Management Services 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 Scheme Management Services?
Paragon Scheme Management Services 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 Scheme Management Services?
Companies House lists one person with significant control of Paragon Scheme Management Services: Mr Brynley Richard Cole (75–100% of shares).
Who runs Paragon Scheme Management Services?
Companies House lists 2 directors of Paragon Scheme Management Services: Brynley Richards Cole and Rebecca Ann Leaves.
How long has Paragon Scheme Management Services been in business?
The company was formed on 22 March 1996. Companies House now lists it as administration.
What do Paragon Scheme Management Services’ latest accounts show?
Its latest accounts, to 31 December 2023, show net assets of £288k (−55% from £632k) and cash at bank of £13.0k (−65% from £36.9k). Its accounts are overdue at Companies House.
Does Paragon Scheme Management Services use any other names?
It trades as FCC Paragon.

Sources and links

The full report on Paragon Scheme Management Services Limited

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