Summary - Funding Rounds

Founding Date

1995
Virgin Money is a subsidiary of Virgin Money UK

Virgin Money Income Statement

Annual

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)

Net Income

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

Virgin Money Balance Sheet

Annual

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

Goodwill

45.0m63.0m80.6m

Total Assets

18.6b20.4b24.6b25.7b27.7b30.0b34.9b41.0b44.8b

Accounts Payable

13.0b18.6b23.4b24.3b26.2b26.9b32.9b38.9b42.7b

Current Liabilities

13.2b19.2b23.7b24.6b26.5b28.7b33.2b39.1b43.0b

Non-Current Liabilities

4.2b7.8m25.4m7.5m9.1m8.2m8.4m7.4m4.3m

Total Liabilities

17.4b19.3b23.7b24.6b26.5b28.7b33.2b39.1b43.0b

Common Stock

1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b

Retained Earnings

(232.8m)(180.0m)(71.0m)57.1m244.7m168.5m

Total Equity

1.2b1.2b869.1m1.2b1.2b1.3b1.7b1.9b1.8b

Financial Leverage

15.6 x17.4 x28.3 x22 x22.6 x22.6 x20.6 x21.8 x24.9 x

Virgin Money Cash Flow

Annual

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

Net Change in Cash

3.8b(1.7b)(786.5m)(1.1b)(530.5m)16.8m(200.0k)1.7b847.6m

Income Taxes Paid

(17.2m)(23.1m)(44.1m)

Virgin Money Ratios

GBPFY, 2010

Financial Leverage

15.6 x

Virgin Money Employee Rating

2.5134 votes
Culture & Values
2.9
Work/Life Balance
3.1
Senior Management
2.2
Salary & Benefits
3.2
Career Opportunities
2.3
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