VIRGIN ATLANTIC AIRWAYS LIMITED

• ⚠

  Material uncertainty over going concern

  However, the mitigations listed above are not fully within the Group's control, and could also be influenced by the macro-economic environment. These circumstances indicate the existence of a material uncertainty related to events or conditions that may cast significant doubt on the Group's and company's ability to continue as a going concern and, therefore, that the Group and Company may be unable to realise their assets and discharge their liabilities in the normal course of business.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. VIRGIN ATLANTIC AIRWAYS LIMITED 1984-05-15 → present
2. RITTER PUBLIC LIMITED COMPANY 1981-11-26 → 1984-05-15

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

IFRS

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the mitigations listed above are not fully within the Group's control, and could also be influenced by the macro-economic environment. These circumstances indicate the existence of a material uncertainty related to events or conditions that may cast significant doubt on the Group's and company's ability to continue as a going concern and, therefore, that the Group and Company may be unable to realise their assets and discharge their liabilities in the normal course of business.”

Group structure

1. VIRGIN ATLANTIC AIRWAYS LIMITED · parent
   1. VA Cargo Limited 100% · England and Wales · Ceased trading
   2. VAA Holdings Jersey Limited 100% · Jersey · Holding company
   3. VAA Holdings UK Limited 100% · England and Wales · Holding company
   4. Fit Leasing Limited 100% · Jersey · Ceased trading
   5. Virglease (3) Limited 100% · England and Wales · Ceased trading
   6. Virglease (4) Limited 100% · England and Wales · Ceased trading
   7. Virgin Atlantic International Limited 100% · England and Wales · Trading
   8. Virgin Holidays Limited 100% · England and Wales · Sale of holidays
   9. Virgin Incoming Services Incorporated 100% · United States of America · Tour operator

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +5.8%

  £3,118,900,000 → £3,301,300,000

• Cash

  +13%

  £335,300,000 → £378,900,000

• Net assets

  -9.1%

  -£1,173,100,000 → -£1,280,300,000

• Employees

  +4.3%

  8,348 → 8,706

• Operating profit

  +175.4%

  £83,700,000 → £230,500,000

• Profit before tax

  +63.2%

  -£213,400,000 → -£78,600,000

• Wages

  +13.9%

  £351,300,000 → £400,200,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers