The Very Group

OverviewSuggest Edit

The Very Group (formerly known as Shop Direct) is a company that provides retail and financial services. It connects retail, financial services, and technology. The company sells fashion labels and its own brands. It aims to provide flexible ways to pay and make online shopping easy. 

TypePrivate
Founded2020
HQLiverpool, GB
Websiteshopdirect.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Jul 2021)1,551(+3%)
Job Openings75
Revenue (FY, 2018)£2 B(+2%)
Cybersecurity ratingAMore

Key People/Management at The Very Group

Henry Birch

Henry Birch

CEO
Ben Fletcher

Ben Fletcher

CFO
Phil Hackney

Phil Hackney

Chief Operating Officer
Sarah Willett

Sarah Willett

Chief People Officer
Sam Perkins

Sam Perkins

Managing Director, Retail
Tommy Jordan

Tommy Jordan

Financial Services CEO
Show more

The Very Group Office Locations

The Very Group has offices in Liverpool, London and Netherton
Liverpool, GB (HQ)
Skyways House Speke Rd
London, GB
Victoria Plaza, 111 Buckingham Palace Rd, Victoria
Netherton, GB
Fortune House, Aintree Innovation Centre, Park Ln
Show all (3)

The Very Group Financials and Metrics

Summary Metrics

Founding Date

2020
Show all financial metrics

The Very Group Revenue

Embed Graph
View revenue for all periods
The Very Group's revenue was reported to be £1.96 b in FY, 2018
GBP

Revenue (FY, 2018)

2.0b

Gross profit (FY, 2018)

780.7m

Gross profit margin (FY, 2018), %

39.9%

Net income (FY, 2018)

(9.2m)

EBIT (FY, 2018)

65.0m

Cash (30-Jun-2018)

140.5m
GBPFY, 2010FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.6b1.7b1.7b1.7b1.8b1.9b1.9b2.0b

Revenue growth, %

4%

Cost of goods sold

995.3m1.1b1.1b1.1b1.1b1.1b1.1b1.2b

Gross profit

607.5m600.7m632.7m684.9m723.5m760.0m786.5m780.7m
GBPFY, 2010FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

42.7m15.0m12.5m56.6m15.2m35.8m116.9m140.5m

Accounts Receivable

257.6m25.3m27.1m27.5m1.3b2.3b2.1b1.5b

Inventories

122.5m107.4m101.1m100.3m98.8m101.0m114.3m101.9m

Current Assets

545.0m594.9m606.1m703.2m2.0b2.4b2.3b2.5b
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

90.1m64.9m

Depreciation and Amortization

27.2m31.2m

Accounts Payable

30.6m1.8m

Cash From Operating Activities

(29.1m)(231.1m)(107.6m)(65.5m)
Show all financial metrics

The Very Group Operating Metrics

FY, 2017

Brands

1.8 k

Online Sales (Mobile Devices)

6900%

Website Visits per Day

1.3 m
Show all operating metrics

The Very Group Revenue Breakdown

Embed Graph

The Very Group revenue breakdown by business segment: 65.5% from Very and 34.5% from Littlewoods

The Very Group revenue breakdown by geographic segment: 96.8% from United Kingdom and 3.2% from Other

The Very Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

The Very Group Online and Social Media Presence

Embed Graph

The Very Group Blogs

Six ways we shopped differently online this Christmas

Local Covid-19 restrictions and the closure of non-essential retail in November meant Christmas 2020 was like no other. The way we shopped online changed, with digital retailer Very.co.uk growing sales by 25% year-on-year and attracting 500,000 new customers during the seven weeks up to 25 December …

Very partners with InnovateHer to get more girls into tech

The Very Group has expanded its partnership with InnovateHer to help give girls and non-binary teens the confidence and skills to pursue careers in technology. The operator of Very.co.uk and Littlewoods.com – which has already funded InnovateHer’s education programme in its Liverpool partner seconda…

Very.co.uk has record-breaking Christmas and Black Friday

Multi-category online retailer Very.co.uk increased retail sales by 25.2% year-on-year in the seven weeks up to and including 25 December 2020 to record its best ever Christmas trading period. This follows strong trading throughout 2020. The brand is owned by the UK’s largest integrated online retai…

Blog: Five ways we improved the customer experience for Black Friday

With a national lockdown in place for the whole of November, more of us than ever headed online to grab a bargain over the Black Friday period. And to keep our customers coming back, our team worked tirelessly to make sure we offered them a seamless shopping experience during this critical and highl…

Benefit leads further expansion of beauty category at Very

Cosmetics label Benefit is among 20 new beauty brands now available at Very.co.uk, as the online retailer continues to expand in the category. The launches, which support The Very Group’s plans to improve access to premium beauty brands for Very’s 3.4m active customers, also include L’Occitane, Pixi…

Blog: It’s beginning to look a lot like (a Very different) Christmas…

Amidst the uncertainty of this year, what impact will the pandemic have on our attitudes and shopping habits this Christmas? As ever, we’ve been speaking to Very.co.uk customers ahead of a festive period like no other to find out what really matters to them. Here’s a run-down from our research manag…
Show more

The Very Group Frequently Asked Questions

  • When was The Very Group founded?

    The Very Group was founded in 2020.

  • Who are The Very Group key executives?

    The Very Group's key executives are Henry Birch, Ben Fletcher and Phil Hackney.

  • How many employees does The Very Group have?

    The Very Group has 1,551 employees.

  • What is The Very Group revenue?

    Latest The Very Group annual revenue is £2 b.

  • What is The Very Group revenue per employee?

    Latest The Very Group revenue per employee is £1.3 m.

  • Who are The Very Group competitors?

    Competitors of The Very Group include Groupe Dynamite, Jollychic and Karl Lagerfeld.

  • Where is The Very Group headquarters?

    The Very Group headquarters is located at Skyways House Speke Rd, Liverpool.

  • Where are The Very Group offices?

    The Very Group has offices in Liverpool, London and Netherton.

  • How many offices does The Very Group have?

    The Very Group has 3 offices.