Virgin Money UK PLC Logo

Virgin Money UK PLC

ISIN: GB00BD6GN030 | Ticker: VMUK | LEI: 213800ZK9VGCYYR6O495
Sector: FinancialsSub-Industry: Diversified Financial Services
Country: United Kingdom

About Virgin Money UK PLC

Company Description

Virgin Money UK PLC is a financial institution that has been operating in the United Kingdom since 1995. Originally founded as Virgin Direct, the company was established as a phone-based financial services provider. Over time, it evolved to offer a range of financial products and services, including credit cards, insurance, mortgages, savings accounts, and current accounts.

In 2018, Virgin Money UK PLC merged with Clydesdale Bank PLC to become the sixth-largest bank in the United Kingdom. The combined institution operates under the Virgin Money brand, offering a broad range of financial services to individuals, businesses, and corporate clients.

The company is known for its innovative and customer-centric approach, striving to create a positive experience for customers at every touchpoint. This focus on customer service is reflected in the numerous awards the company has won over the years, including Best Online Savings Provider and Best Credit Card Provider.

Year founded

1995

Served area

United Kingdom

Headcount

7,829

Headquarters

Jubilee House, Gosforth, NE3 4PL Newcastle upon Tyne – United Kingdom

Financial statements

Download as Excel
Line item in (gbp) 01.10.2021 01.10.2022 01.10.2023
Assets N/A 91,907,000,000.00 91,786,000,000.00
Deferred Tax Assets N/A 146,000,000.00 193,000,000.00
Cash and cash equivalents 10,253,000,000.00 12,611,000,000.00 11,673,000,000.00
Equity And Liabilities N/A 91,907,000,000.00 91,786,000,000.00
Equity 5,473,000,000.00 6,340,000,000.00 5,607,000,000.00
Retained Earnings N/A 3,471,000,000.00 3,053,000,000.00
Other Reserves N/A 766,000,000.00 528,000,000.00
Merger Reserve N/A 2,128,000,000.00 2,128,000,000.00
Liabilities N/A 85,567,000,000.00 86,179,000,000.00
Deferred Tax Liabilities N/A 350,000,000.00 179,000,000.00
Line item in (gbp) 01.10.2021/
01.10.2022
01.10.2022/
01.10.2023
Revenue From Interest 2,215,000,000.00 3,830,000,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 52,000,000.00 309,000,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 52,000,000.00 309,000,000.00
Profit Loss Before Tax 595,000,000.00 345,000,000.00
Income Tax Expense Continuing Operations 58,000,000.00 99,000,000.00
Profit (loss) 537,000,000.00 246,000,000.00
Profit Loss Attributable To Owners Of Parent 467,000,000.00 192,000,000.00
Profit Loss Attributable To Noncontrolling Interests 70,000,000.00 54,000,000.00
Line item in (gbp) 01.10.2021 01.10.2022 01.10.2023
Profit (loss) N/A 537,000,000.00 246,000,000.00
Adjustments For Decrease Increase In Other Operating Receivables N/A 1,212,000,000.00 -544,000,000.00
Adjustments For Increase Decrease In Other Operating Payables N/A -238,000,000.00 284,000,000.00
Other Adjustments For Noncash Items N/A -1,326,000,000.00 -1,207,000,000.00
Interest Paid Classified As Operating Activities N/A 378,000,000.00 1,173,000,000.00
Interest Received Classified As Operating Activities N/A 2,112,000,000.00 3,300,000,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 59,000,000.00 48,000,000.00
Cash Flows From Used In Operating Activities N/A 1,916,000,000.00 954,000,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 1,000,000.00 1,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 13,000,000.00 9,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 53,000,000.00 11,000,000.00
Interest Received Classified As Investing Activities N/A 47,000,000.00 232,000,000.00
Cash Flows From Used In Investing Activities N/A -1,368,000,000.00 -869,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 53,000,000.00 112,000,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 26,000,000.00 24,000,000.00
Dividends Paid Classified As Financing Activities N/A 50,000,000.00 148,000,000.00
Interest Paid Classified As Financing Activities N/A 246,000,000.00 742,000,000.00
Cash Flows From Used In Financing Activities N/A 1,810,000,000.00 -1,023,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 2,358,000,000.00 -938,000,000.00
Cash and cash equivalents 10,253,000,000.00 12,611,000,000.00 11,673,000,000.00

Please note that some sums might not add up.

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Short Interest


Current short interest

Position Holder Short Interest in Percent Date
Marshall Wace LLP 0.60% 27.12.23
Marshall Wace LLP 0.60% 15.02.24
Marshall Wace LLP 0.51% 23.11.23
Marshall Wace LLP 0.59% 30.01.24
Marshall Wace LLP 0.50% 28.11.23
Total 2.80%

Capital markets information

ISIN

GB00BD6GN030

LEI

213800ZK9VGCYYR6O495

Sector

Financials

Industry Group

Financial Services

Industry

Financial Services

Sub-Industry

Diversified Financial Services

Listed Stock Exchange

London Stock Exchange

Stock Index

FTSE 250

Main Stock Exchange

Contact Investor Relations department

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