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
Cybersecurity ratingAMore
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 and Glasgow
Glasgow, GB
level 3, 51 W George St
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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
GBPFY, 2010

Financial Leverage

15.6 x
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Virgin Money Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Virgin Money Online and Social Media Presence

Embed Graph

Virgin Money News and Updates

Virgin Money to cut 400 jobs

Virgin Money is to slash 400 jobs as it presses on with its cost-cutting programme following its takeover by Clydesdale and Yorkshire banking group (CYBG).

Virgin Money London Marathon runners raise more than £16.1m for charity

This year’s Virgin Money London Marathon runners have so far raised just over £16.1 million for charities through the 26.2 Challenge. Around 45,000 people from across the UK and 109 countries worldwide signed up to run the 26.2 miles virtually after the race format changed due to Covid-19. Participa…

Virgin Money launches on Experians pre-qualification platform to help streamline the mortgage process

Homebuyers and advisers will benefit from instant access to products most suitable for their financial circumstances.read more

Virtual Virgin Money Giving Mini London Marathon opens to primary schools

The first virtual Virgin Money Giving Mini London Marathon, aimed at inspiring children, has opened to primary schools. The event traditionally features more than 1,600 young runners aged 11-17, representing the London boroughs and regions across the UK and racing over the last three miles of the Lo…

Virgin Money reports dip in customer demand due to pandemic

Virgin Money has reported a dip in customer lending in the third quarter as demand for mortgages and personal loans The post Virgin Money reports dip in customer demand due to coronavirus appeared first on CityAM.

Virgin Money begins four-week trial of home buying app

Virgin Money has announced the trial of a new app designed to help first time buyers navigate the home purchase process.
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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.

  • How many employees does Virgin Money have?

    Virgin Money has 1,999 employees.

  • What is Virgin Money revenue?

    Latest Virgin Money annual revenue is £1.1 b.

  • What is Virgin Money revenue per employee?

    Latest Virgin Money revenue per employee is £562.9 k.

  • Who are Virgin Money competitors?

    Competitors of Virgin Money include AA, WSFS Financial and Webster Financial.

  • Where are Virgin Money offices?

    Virgin Money has offices in Newcastle upon Tyne and Glasgow.

  • How many offices does Virgin Money have?

    Virgin Money has 2 offices.