OverviewSuggest Edit

Virgin Money UK (formerly CYBG) is a company providing personal and business banking services. It is structured around 3 divisions: personal, mortgages, and business. The company offers online and mobile services through the technology platform supported by telephone and branch banking, including a national network of branches and business banking centers. Its brands include:

TypePublic
Founded2015
HQGlasgow, GB
Websitevirginmoneyukplc.com

Locations

Virgin Money UK is headquartered in
Glasgow, United Kingdom

Location Map

Latest Updates

Employees (est.) (Sept 2019)9,787(+44%)
Revenue (FY, 2018)£1 B(-20%)
Share Price (Nov 2020)£1.4
Cybersecurity ratingCMore

Key People/Management at Virgin Money UK

David Duffy

David Duffy

Executive Director and Chief Executive Officer
Ian Smith

Ian Smith

Group Chief Financial Officer
Emma Tottenham

Emma Tottenham

Group Director of Corporate Communications and Sustainability
Fraser Ingram

Fraser Ingram

Group Chief Operating Officer
Kate Guthrie

Kate Guthrie

Group Human Resources Director
James Peirson

James Peirson

Group General Counsel
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Virgin Money UK Office Locations

Virgin Money UK has offices in Glasgow, Greater London, Leeds and Newcastle upon Tyne
Glasgow, GB (HQ)
40 St Vincent Pl
Greater London, GB
The Leadenhall Building 122 Leadenhall St
Leeds, GB
20 Merrion Way
Newcastle upon Tyne, GB
Virgin Money Jubilee House
Show all (4)

Virgin Money UK Financials and Metrics

Virgin Money UK Revenue

Virgin Money UK's revenue was reported to be £1.01 b in FY, 2018 which is a 20.5% decrease from the previous period.
GBP

Revenue (FY, 2018)

1.0b

Revenue growth (FY, 2017 - FY, 2018), %

(20.5%)

Net income (FY, 2018)

(145.0m)

EBIT (FY, 2018)

(123.0m)

Market capitalization (17-Nov-2020)

2.0b

Closing stock price (17-Nov-2020)

1.4

Cash (31-Mar-2018)

6.9b
Virgin Money UK's current market capitalization is £2 b.
Annual
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.4b1.3b1.3b1.0b

Revenue growth, %

(4%)(2%)(21%)

Cost of goods sold

323.0m295.0m231.0m

Gross profit

1.0b997.0m1.0b
Half Year
GBPH1, 2016H1, 2017H1, 2018

Revenue

642.0m620.0m629.0m

Cost of goods sold

150.0m123.0m126.0m

Gross profit

492.0m497.0m503.0m

Gross profit Margin, %

77%80%80%
Annual
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Cash

6.4b6.0b6.9b6.9b

Accounts Receivable

33.2b

Current Assets

40.6b

PP&E

109.0m99.0m86.0m86.0m
Half Year
GBPH1, 2016H1, 2017H1, 2018

Cash

5.0b5.4b6.2b

PP&E

101.0m91.0m86.0m

Total Assets

38.7b40.2b42.4b

Total Debt

4.3b4.2b4.4b
Annual
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

182.0m

Depreciation and Amortization

83.0m88.0m87.0m

Cash From Operating Activities

349.0m(359.0m)(532.0m)(532.0m)

Purchases of PP&E

(19.0m)(22.0m)(21.0m)
Half Year
GBPH1, 2016H1, 2017H1, 2018

Cash From Operating Activities

(1.5b)222.0m(1.4b)

Purchases of PP&E

(7.0m)(8.0m)(10.0m)

Cash From Investing Activities

(40.0m)(399.0m)628.0m

Long-term Borrowings

(909.0m)(297.0m)(1.7b)
GBPFY, 2015

Debt/Equity

1.1 x

Debt/Assets

0.1 x

Financial Leverage

11.2 x
Show all financial metrics

Virgin Money UK Operating Metrics

Virgin Money UK's Total Loans was reported to be £32.1b in H1, 2018. Virgin Money UK's Total Deposits was reported to be £28.5b in H1, 2018. Virgin Money UK's Customers was reported to be 2.7 m in H2, 2017.
H2, 2015H1, 2016H2, 2016H1, 2017H2, 2017H1, 2018

Customers

2.70 m

Total Loans

£27.48 b£28.52 b£29.20 b£29.91 b£31.29 b£32.14 b

Total Deposits

£26.41 b£26.24 b£27.09 b£26.38 b£27.72 b£28.46 b

Bank Branches

248 169
Show all operating metrics

Virgin Money UK Acquisitions / Subsidiaries

Company NameDateDeal Size
Virgin MoneyJune 18, 2018£1.70 b
11 Tudor Hill Residential Management Company Limited
CB Nominees Limited
CGF No 9 Limited
Clydesdale Bank Asset Finance Limited
Clydesdale Bank (Head Office) Nominees Limited
Clydesdale Bank PLC
Craig Yr Haul Management Company Limited
CYB Intermediaries Holdings Limited
CYB Intermediaries Limited
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Virgin Money UK Revenue Breakdown

Embed Graph

Virgin Money UK revenue breakdown by business segment: 31.0% from SME Banking and 69.0% from Retail Banking

Virgin Money UK Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Virgin Money UK Online and Social Media Presence

Embed Graph

Virgin Money UK Frequently Asked Questions

  • When was Virgin Money UK founded?

    Virgin Money UK was founded in 2015.

  • Who are Virgin Money UK key executives?

    Virgin Money UK's key executives are David Duffy, Ian Smith and Emma Tottenham.

  • How many employees does Virgin Money UK have?

    Virgin Money UK has 9,787 employees.

  • What is Virgin Money UK revenue?

    Latest Virgin Money UK annual revenue is £1 b.

  • What is Virgin Money UK revenue per employee?

    Latest Virgin Money UK revenue per employee is £102.9 k.

  • Who are Virgin Money UK competitors?

    Competitors of Virgin Money UK include RBS, Lloyds Banking Group and Barclays.

  • Where is Virgin Money UK headquarters?

    Virgin Money UK headquarters is located at 40 St Vincent Pl, Glasgow.

  • Where are Virgin Money UK offices?

    Virgin Money UK has offices in Glasgow, Greater London, Leeds and Newcastle upon Tyne.

  • How many offices does Virgin Money UK have?

    Virgin Money UK has 4 offices.