Virgin Money UK PLC
ISIN: GB00BD6GN030 | Ticker: VMUK | LEI: 213800ZK9VGCYYR6O495
Country: United Kingdom
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.
1995
Served areaUnited Kingdom
Headcount7,829
HeadquartersJubilee House, Gosforth, NE3 4PL Newcastle upon Tyne – United Kingdom
| 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.
| Position Holder | Short Interest in Percent | Date |
|---|---|---|
| Marshall Wace LLP | 0.60% | 27.12.23 |
| Ovata Capital Management Limited | 0.51% | 25.03.24 |
| 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 | 3.31% |
GB00BD6GN030
LEI213800ZK9VGCYYR6O495
SectorDiversified Financial Services
Listed Stock ExchangeFTSE 250
Main Stock ExchangeKeep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.