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 an office in Newcastle upon Tyne
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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

Nordea hires Ian Smith from Virgin Money as group CFO

Ian Smith, Group Chief Financial Officer (CFO) of Virgin Money UK PLC, will join Nordea as Group CFO...

Virgin Money boosts loan book in ‘difficult market’

The UK’s sixth-largest lender Virgin Money oversaw a solid expansion of its loan book in the three months to December [...] The post Virgin Money boosts loan book in ‘difficult market’ appeared first on CityAM.

Virgin Money bolstered by personal account performance in ‘difficult market’

Virgin Money has confirmed that its trading in the three months up to December 31 have been ‘in line with expectations’. In a pre-close trading update this morning, the bank has experienced a 0.8 per cent drop in its mortgage business. In contrast deposits have grown 1.6 per cent during the quarter……

Virgin Money cancels dividend as £385m PPI costs push it into loss

Virgin Money swung to a £194m loss and suspended its dividend in its latest full-year results, blaming payment protection insurance [...] The post Virgin Money cancels dividend as £385m PPI costs push it into loss appeared first on CityAM.

Virgin Money to launch current account and mobile app in December

The UK’s largest challenger bank, Virgin Money, will launch its first ever digital current account a...

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…
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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 Entegra Financial, WSFS Financial and Horizon Bancorp.

  • Where are Virgin Money offices?

    Virgin Money has an office in Newcastle upon Tyne.

  • How many offices does Virgin Money have?

    Virgin Money has 1 office.