VIRGIN ENTERPRISES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-13 (in 9mo)
Last made up 2026-01-30
Watchouts
None on the register
Cash
£464K
-66.9% vs 2023
Net assets
£79M
+19.5% vs 2023
Employees
—
Average over period
Profit before tax
£170M
+166.4% vs 2023
Name history
Renamed 2 times since incorporation
- VIRGIN ENTERPRISES LIMITED 1986-04-14 → present
- VIRGIN HOLDINGS LIMITED 1978-12-31 → 1986-04-14
- VIRGIN RECORDS (HOLDINGS) LIMITED 1972-09-27 → 1978-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £90,049,000 | £110,469,000 | |
| Operating profit | £62,864,000 | £169,352,000 | |
| Profit before tax | £63,878,000 | £170,168,000 | |
| Net profit | £50,070,000 | £152,868,000 | |
| Cash | £1,400,000 | £464,000 | |
| Total assets less current liabilities | £83,601,000 | £163,727,000 | |
| Net assets | £66,157,000 | £79,025,000 | |
| Equity | £66,157,000 | £79,025,000 | |
| Average employees | 39 | — | |
| Wages | £6,175,000 | £317,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 69.8% | 153.3% | |
| Net margin | 55.6% | 138.4% | |
| Return on capital employed | 75.2% | 103.4% | |
| Current ratio | 2.02x | 1.74x | |
| Interest cover | 112.46x | 58.38x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As set out in Note 1.2 to the financial statements, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements.”
Significant events
- “On 1 October 2024, Nationwide acquired Virgin Money and as part of the transaction, the existing TMLA between the Company and Virgin Money was amended. The amended TMLA runs until 30 September 2028, with an additional 2 year cessation period, for a total consideration of £310 million over that period.”
- “The Court of Appeal rejected Brightline's appeal in February 2024. Brightline settled the remaining damages, interest and additional fees totalling of £93.7 million ($118.3 million) in 2024 which have been recognised in the financial statements during the period.”
- “On 10 February 2025, the Company declared and settled a dividend in specie of a £8 million loan receivable to its parent company, VEL Holdings Limited.”
- “On 27 February 2025, Virgin Holdings Limited, the Company and VEL Holdings Limited, as borrowers, entered into a multi-currency revolving credit facility of £75 million with HSBC UK Bank PLC and Lloyds Bank PLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VILE, Claire Ruth Vertel | Secretary | 2020-03-31 | — | — |
| BUDD, William Peter | Director | 2021-06-25 | Apr 1983 | British |
| BURCHETT, Andrea Lisa | Director | 2023-09-01 | Oct 1968 | British |
| ENE MURPHY, Andreea | Director | 2026-03-23 | Aug 1985 | Romanian |
| KELLY, Sam Robert | Director | 2025-09-16 | Apr 1977 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYLISS, Joshua | Secretary | 2006-08-31 | 2007-03-01 |
| COOK, Janice Susan | Secretary | 1993-12-31 | 1995-08-31 |
| COOK, Janice Susan | Secretary | 1993-06-29 | 1993-12-31 |
| GERRARD, Barry Alexander Ralph | Secretary | 2007-03-01 | 2020-03-31 |
| GRAM, Peter Gerardus | Secretary | 2000-03-10 | 2006-08-31 |
| LEGGE, Diana Patricia | Secretary | 1995-08-31 | 2000-03-10 |
| POTTS, Derek | Secretary | — | 1993-12-31 |
| ABBOTT, Trevor Michael | Director | — | 1997-12-09 |
| BATRA, Gaurav | Director | 2010-03-31 | 2011-07-20 |
| BAYLISS, Joshua | Director | 2016-04-06 | 2020-01-23 |
| BAYLISS, Joshua | Director | 2006-07-11 | 2011-05-31 |
| BLOK, Robert Pieter | Director | 2012-10-19 | 2013-06-21 |
| BRANDON-FARROW, Frances Elizabeth | Director | 1997-12-10 | 2008-12-12 |
| BRANSON, Richard Charles Nicholas, Sir | Director | — | 2005-02-22 |
| BRIDGE, Matthew Downie | Director | 2021-06-25 | 2023-08-31 |
| DEVEREUX, Robert Harold Ferrers | Director | — | 1993-06-02 |
| FOX, Nicholas Anthony Robert | Director | 2015-01-30 | 2015-09-17 |
| HILTON, Claire Jean | Director | 2021-06-25 | 2025-09-01 |
| JAMES, Mark | Director | 2006-12-20 | 2007-10-01 |
| LEGGE, Diana Patricia | Director | 1998-11-04 | 2000-03-10 |
| MARGISON, Joseph Daniel | Director | 2023-09-01 | 2025-10-30 |
| MCCALLUM, Gordon Douglas | Director | 1998-11-04 | 2014-12-11 |
| MURPHY, Stephen Thomas Matthew | Director | 1994-04-27 | 1997-12-09 |
| NORRIS, Peter Michael Russell | Director | 2012-02-02 | 2016-09-14 |
| POTTS, Derek | Director | — | 1993-12-31 |
| SALWAY, Catherine Jane | Director | 2007-09-13 | 2011-04-21 |
| STENT, Carla Rosaline | Director | 2011-04-21 | 2013-06-21 |
| STOCKWELL, Ashley William | Director | 2002-08-19 | 2006-06-29 |
| SWAFFIELD, Andrew John | Director | 2020-12-01 | 2023-08-31 |
| THOMAS, Lisa Victoria | Director | 2016-03-11 | 2020-10-31 |
| WHITEHORN, William Elliott | Director | 2002-08-19 | 2007-10-01 |
| WOODS, Ian Philip | Director | 2011-07-20 | 2021-06-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vel Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 317 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-23 | CH01 | officers | Change person director company with change date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-12 | CH03 | officers | Change person secretary company with change date | |
| 2024-11-12 | CH01 | officers | Change person director company with change date | |
| 2024-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+22.7%
£90,049,000 £110,469,000
-
Cash
-66.9%
£1,400,000 £464,000
-
Net assets
+19.5%
£66,157,000 £79,025,000
-
Employees
—
Not reported
-
Operating profit
+169.4%
£62,864,000 £169,352,000
-
Profit before tax
+166.4%
£63,878,000 £170,168,000
-
Wages
-94.9%
£6,175,000 £317,000
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