VOLKSWAGEN GROUP UNITED KINGDOM LIMITED

1. VOLKSWAGEN GROUP UNITED KINGDOM LIMITED 1995-11-03 → present
2. V.A.G. (UNITED KINGDOM) LIMITED 1980-12-31 → 1995-11-03
3. VOLKSWAGEN (G.B.) LIMITED 1953-01-01 → 1980-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As detailed in note 3 the directors have assessed the company's ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. VOLKSWAGEN GROUP UNITED KINGDOM LIMITED · parent
   1. James Young Limited 100% · United Kingdom · Non-active
   2. Volkswagen Group Insurance and Risk Management Services (UK) Ltd 100% · United Kingdom · Non-active
   3. Volkswagen Group Pension Scheme Trustee Limited 100% · United Kingdom · Non-active

Significant events

• “The Vehicle Emissions Trading Schemes Order 2023 (VETS) legislation, which includes a Zero Emission Vehicle (ZEV) Mandate came into force on 4 January 2024.”
• “On September 18 2015, the US Environmental Protection Agency (EPA) publicly announced in a Notice of Violation that irregularities in relation to nitrogen oxide (Nox) emissions had been discovered in emissions tests on certain Volkswagen Group vehicles with 2.0 litre diesel engines in the USA.”
• “In England and Wales, approximately 91,000 EA 189 claims as part of a group litigation against the Volkswagen AG Group were settled out of court in May 2022 for the sum of £193 million, in addition to separate contributions towards legal fees and other costs.”
• “Actions have been filed in courts in England, Wales and Scotland against the Company, Volkswagen AG and other Volkswagen companies in connection with various other diesel vehicles. So-called outline generic particulars of claim, which provide a rough overview of the grounds of the complaint, were served in England and Wales in September 2024.”
• “In Scotland, motions for commencement of a class action and appointment of a representative were formally served, starting in October 2024, on the Company, Volkswagen AG and other Volkswagen companies.”
• “In March 2022, the Competitions and Markets Authority (CMA) launched an investigation into suspected breaches of UK competition law by the Company and other vehicle manufacturers and importers, relating to the recycling of end-of-life vehicles (ELV).”
• “On 14 March 2025, following the Company's continued cooperation with the investigation and following a commercial decision, it agreed a settlement with the CMA. The total fine payable was £14.8m, and was borne in full by Volkswagen AG.”
• “Confidence in the Company's ability to meet the requirements of VETS and the ZEV mandate was increased in April 2025 when the Government announced additional flexibilities, including extending the period in which ZEV allowances from future years could be borrowed, extending the period for transferring CO2 savings from non-ZEV to ZEVs and reducing the compliance payments for every ZEV registration short of the target.”
• “On 21 July 2025, HM Revenue & Customs published a policy paper announcing legislative changes to Employee Car Ownership Schemes (ECOS), which the Company operates as detailed in Note 3. These changes, effective from 6 October 2026, will bring certain ECOS arrangements within the scope of the benefit-in-kind tax rules, potentially impacting both the Company and its employees.”
• “On 16 June 2023 the High Court issued a ruling in respect of Virgin Media v NTL Pension Trustees II Limited (and others) calling into question the validity of the rule amendments made to defined benefit pension schemes contracted-out on a Reference Scheme Test Basis between 6 April 1997 and 5 April 2016.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.6%

  £12,636,900,000 → £12,836,300,000

• Cash

  -12.1%

  £46,200,000 → £40,600,000

• Net assets

  -8.2%

  £659,200,000 → £605,300,000

• Employees

  -0.2%

  1,004 → 1,002

• Operating profit

  -52.7%

  £129,300,000 → £61,200,000

• Profit before tax

  -33.3%

  £184,700,000 → £123,200,000

• Wages

  -1.6%

  £77,100,000 → £75,900,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers