Virgin Group

OverviewSuggest Edit

Virgin Group is a multinational venture capital conglomerate. The Company engages in the businesses of mobile telephony, travel, financial services, leisure, music, holidays, and health and wellness. Its mobile telephony business includes IP-VPN, Wi-Fi, phones, phone plans, mobile broadband, TV phone, broadband services and SIM cards. The Company’s travel business comprises airlines, leisure and travel websites, travel booking services, travel information, flying clubs, commercial spaceline services, holiday services and hotel services. Its financial services include credit cards, home loans, insurance, savings, superannuation, fundraising services and small business funding. The Company’s leisure businesses comprise balloon rides, corporate gifts, competition prizes and promotions, benefits, rewards and incentives, corporate events and hospitality, PR events and photography/filming. Its health and wellness business includes health clubs, fitness clubs, NHS and social care services, health banks and employee wellness services.

TypePrivate
Founded1970
HQLondon, GB
Websitevirgin.com
Employee Ratings4
Overall CultureB

Latest Updates

Employees (est.) (Jul 2021)17,256(-2%)
Revenue (FY, 2018)£1.7 B
Cybersecurity ratingDMore

Key People/Management at Virgin Group

Josh Bayliss

Josh Bayliss

CEO
Richard Branson

Richard Branson

Founder
Jean Oelwang

Jean Oelwang

CEO and President
Haylie Gordon

Haylie Gordon

Director of Operations and Special Projects
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Virgin Group Office Locations

Virgin Group has an office in London
London, GB (HQ)
The Battleship Bldg 179 Harrow Rd
London, GB
7 Savoy Ct
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Virgin Group Financials and Metrics

Summary Metrics

Founding Date

1970
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Virgin Group Revenue

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Virgin Group's revenue was reported to be £1.68 b in FY, 2018
GBP

Revenue (FY, 2018)

1.7b

Gross profit (FY, 2018)

674.0m

Gross profit margin (FY, 2018), %

40.2%

Net income (FY, 2018)

58.0m

EBIT (FY, 2018)

43.0m

Cash (31-Dec-2018)

234.0m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.2b3.6b3.8b4.1b1.3b1.4b1.6b1.7b1.7b

Cost of goods sold

2.7b2.8b3.0b3.4b856.0m847.0m886.0m947.0m1.0b

Gross profit

463.0m786.0m783.0m681.0m479.0m602.0m667.0m721.0m674.0m

Gross profit Margin, %

15%22%20%17%36%42%43%43%40%
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

854.0m777.0m639.0m653.0m639.0m451.0m650.0m256.0m234.0m

Accounts Receivable

230.0m252.0m238.0m250.0m199.0m64.0m62.0m79.0m72.0m

Inventories

33.0m36.0m45.0m45.0m45.0m2.0m2.0m2.0m2.0m

Current Assets

4.0b3.8b3.5b3.9b1.4b801.0m995.0m646.0m545.0m
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash From Operating Activities

170.0m458.0m75.0m111.0m139.0m

Cash From Investing Activities

111.0m(319.0m)(5.0m)(12.0m)4.0m

Cash From Financing Activities

(178.0m)(343.0m)93.0m(473.0m)(165.0m)

Net Change in Cash

103.0m(204.0m)163.0m(374.0m)(22.0m)
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Virgin Group Cybersecurity Score

Cybersecurity ratingPremium dataset

D

64/100

SecurityScorecard logo

Virgin Group Online and Social Media Presence

Embed Graph

Virgin Group Company Culture

  • Overall Culture

    B

    69/100

  • CEO Rating

    F

    50/100

  • Compensation

    C

    63/100

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Virgin Group News and Updates

Richard Branson is leading a campaign to end the death penalty, along with other key business figures. The Virgin Group founder said there is an urgent need to abolish the practice.

Summary List PlacementVirgin Group founder Sir Richard Branson has joined forces with other business leaders to launch a campaign to abolish capital punishment in the US and other countries.  The 70-year-old billionaire announced the Business Leaders Against the Death Penalty Declaration in a virt…

Why Virgin Group Will No Longer Ask For Your Exam Results When Hiring

When recruiting new staff, the Virgin Group will no longer ask candidates about their exam results, Sir Richard Branson has announced.

Richard Branson and Virgin Group are cutting ties with the Saudi Government after the disappearance of Jamal Khashoggi

Sir Richard Branson and Virgin Group are severing their business relationships with the Kingdom of Saudi Arabia. In a blog post on Virgin Group's website, Branson announced that Virgin Galatic and Virgin Orbit will suspend its business dealings with the Public Investment Fund of Saudi Arabia.  The…

Virgin Group Founder, Sir Richard Branson and Jamaican Prime Minister Announce $1bn+ Caribbean Climate-Smart Accelerator

KINGSTON, Jamaica, August 9, 2018 /PRNewswire/ -- 26 countries and 40+ private sector partners create coalition to fast track climate action across the Caribbean Prime Minister of Jamaica, The Most Honourable Andrew Holness, President of the Inter-American Development Bank (IDB), Luis...

Branson's Virgin Group Buys Storm-Damaged Caribbean Solar Farm

Branson's Virgin Group Buys Storm-Damaged Caribbean Solar Farm

Virgin Group purchases Hard Rock Hotel and Casino in Las Vegas

Virgin Group will soon paint the world's most famous gambling town Virgin red after purchasing the iconic Hard Rock Hotel and Casino in Las Vegas. The post Virgin Group purchases Hard Rock Hotel and Casino in Las Vegas appeared first on Travel Daily Media.
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Virgin Group Blogs

Virgin Atlantic shares steps to secure future

Virgin Atlantic has announced the completion of the £1.2bn private-only solvent recapitalisation of its airline and holiday business, a major step forward in securing its future. Image from Virgin Atlantic The Restructurin…

How Virgin Hotels is keeping guests safe

Virgin Hotels has opened the doors at its properties in Chicago, Dallas and Nashville and is welcoming guests back after the COVID-19 lockdown.  The teams at all of Virgin Hotels’ properties are working hard to keep all of their guests safe. They’ve worked with Mobility Mojo to share …

Virgin Media launches Essential Broadband for customers facing financial difficulty

Virgin Media has launched a special, broadband-only plan for customers facing financial difficulty and uncertainty. Virgin Media Essential Broadband will be available to those receiving Universal Credit. It will come with a speed of 15 Mbps and a fixed price of £15 per month, with no …

Young ocean leaders stand against deep-seabed mining

In recent years, there has been expanding international interest in commercially mining the incredibly diverse and fragile deep seabed to access minerals and metals, such as cobalt, copper, and nickel – all under the guise of needing to fuel the green energy revolution.  At present, t…

Business as Unusual: Raising funds during a pandemic

The COVID-19 pandemic has impacted business in different ways, with founders pivoting to adapt and survive in an ever-changing environment.  In our Business as Unusual series, we’ve been speaking to companies supported by Virgin StartUp to explore the impact of coronavirus on small bu…

Virgin Hyperloop to help improve access to STEM education

Virgin Hyperloop has teamed up with the Center of Science and Industry (COSI) to make science, technology, engineering and math (STEM) education more accessible for young people. Distance learning is needed more than ever right now and together COSI and Virgin Hyperloop will provide c…
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Virgin Group Frequently Asked Questions

  • When was Virgin Group founded?

    Virgin Group was founded in 1970.

  • Who are Virgin Group key executives?

    Virgin Group's key executives are Josh Bayliss, Richard Branson and Jean Oelwang.

  • How many employees does Virgin Group have?

    Virgin Group has 17,256 employees.

  • What is Virgin Group revenue?

    Latest Virgin Group annual revenue is £1.7 b.

  • What is Virgin Group revenue per employee?

    Latest Virgin Group revenue per employee is £97.1 k.

  • Who are Virgin Group competitors?

    Competitors of Virgin Group include Advance, BT and Spirit Airlines.

  • Where is Virgin Group headquarters?

    Virgin Group headquarters is located at The Battleship Bldg 179 Harrow Rd, London.

  • Where are Virgin Group offices?

    Virgin Group has an office in London.

  • How many offices does Virgin Group have?

    Virgin Group has 2 offices.