Virgin Money

Virgin Money is a UK-based financial services company owned by the Virgin Group. It was originally known as Virgin Direct, and pioneered index tracking by launching a value Personal Equity Plan into the market. Virgin Money currently offers a number of financial services products direct to the consumer, online, over the phone and through our network of 75 Stores.

Employee Rating

2.5More
TypeSubsidiary
Parent CompanyVirgin Money UK
HQNewcastle upon Tyne, GB
Founded1995
Websiteuk.virginmoney.com
Virgin Money was founded in 1995 and is headquartered in Newcastle upon Tyne, GB

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Key People/Management at Virgin Money

Jayne-Anne Gadhia

Jayne-Anne Gadhia

Chief Executive of Virgin Money

Virgin Money Office Locations

Virgin Money has offices in Newcastle upon Tyne, Aberdeen, Belfast, Bolton and in 35 other locations
Birmingham, US
Birmingham, AL, USA
Cambridge, US
Cambridge, MA, USA
Coventry, US
Coventry, RI, USA
Derby, US
Derby, CT, USA
Reading, US
Reading, PA, USA
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Virgin Money Financials and Metrics

Summary Metrics

Founding Date

1995
Virgin Money is a subsidiary of Virgin Money UK

Virgin Money Revenue

Virgin Money's revenue was reported to be £1.13 b in FY, 2018
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

577.8m660.6m650.9m888.2m840.2m865.9m958.7m1.0b1.1b

Revenue growth, %

3%11%

Pre tax profit

(223.5m)(4.6m)(70.0m)275.9m52.9m116.0m159.7m263.1m108.6m

Income tax expense

(700.0k)73.0m400.0k(17.2m)(23.1m)(44.1m)(70.8m)(37.6m)
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

4.6b2.8b1.6b1.4b851.3m888.6m786.3m2.6b3.5b

Accounts Receivable

12.8b14.8b18.2b22.5b25.1b27.6b33.0b37.2b41.0b

Current Assets

17.7b17.8b20.0b24.0b26.0b28.5b33.9b39.9b44.6b

PP&E

34.7m27.9m72.5m68.7m72.0m74.6m75.8m73.5m71.7m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(223.5m)(5.3m)3.0m276.3m35.7m92.9m115.6m192.3m71.0m

Cash From Operating Activities

3.1b(1.6b)1.4b(1.4b)(452.9m)(482.2m)(668.4m)(1.1b)(283.6m)

Dividends Paid

120.0m

Cash From Financing Activities

1.4b297.5m227.7m2.9b2.4b
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Virgin Money Online and Social Media Presence

Embed Graph

Virgin Money News and Updates

Virgin Money to end London Marathon sponsorship after 2021

London Marathon is looking for a new sponsor for 2022 onwards, after London Marathon Events announced that 2021 is to be the last year of Virgin Money’s long-standing sponsorship of the event. The partnership dates back to 2010, first with Virgin and then with Virgin Money from 2014. Virgin Money ha…

CYBG to relaunch as Virgin Money

CYBG is to rebrand as Virgin Money at the end of the month, consigning the century-old Clydesdale Ba...

Virgin Money ready to slash 100 jobs in Newcastle office

Virgin Money is set to cut 100 jobs at its Gosforth office. This is said to be in line with the group’s ‘restructure’ across its UK sites. In 2018, the company was taken over by CYBG. A total of 330 jobs are now at risk across the CYBG group - 100 of… Read more

CYBG to rebrand as Virgin Money to ‘disrupt status quo’ of UK banking

Clydesdale and Yorkshire bank owner CYBG will be renamed Virgin Money in a major rebranding to “disrupt the status quo” [...] The post CYBG to rebrand as Virgin Money to ‘disrupt status quo’ of UK banking appeared first on CityAM.

Virgin Money and Aberdeen Standard step closer to investment joint venture

Virgin Money and Aberdeen Standard Investments (ASI) have signed an agreement for a new investment and pensions joint venture. ASI will acquire 50 per cent of Virgin Money Unit Trust Managers Limited for at least £40m, the companies announced today, and take over the management of its £3.7bn reta…

CYBG cans Virgin Money deal with Antony Jenkins startup

CYBG has dealt a blow to the fintech ambitions of former Barclays chief Antony Jenkins, aborting a d...
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Virgin Money Frequently Asked Questions

  • When was Virgin Money founded?

    Virgin Money was founded in 1995.

  • Who are Virgin Money key executives?

    Virgin Money's key executives are Jayne-Anne Gadhia.

  • What is Virgin Money revenue?

    Latest Virgin Money annual revenue is £1.1 b.

  • Who are Virgin Money competitors?

    Competitors of Virgin Money include WSFS Financial, Webster Financial and Horizon Bancorp.

  • Where are Virgin Money offices?

    Virgin Money has offices in Newcastle upon Tyne, Aberdeen, Belfast, Bolton and in 35 other locations.

  • How many offices does Virgin Money have?

    Virgin Money has 39 offices.