VIRGIN RED LIMITED

• ◆

  5 officer resignations in last 12 months

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

1. VIRGIN RED LIMITED 2019-12-02 → present
2. VIRGIN GROUP LOYALTY COMPANY LIMITED 2018-08-17 → 2019-12-02
3. MACSCO 94 LIMITED 2018-07-30 → 2018-08-17

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

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have concluded that it is appropriate the Financial Statements are prepared on a going concern basis. As at 31 December 2024, the Company had liquidity of £57.3m made up of cash and cash equivalents. The directors have considered the Company's net current liabilities on its going concern position. This net liability position is predominantly related to performance obligations not yet satisfied, associated with Points issued, but not yet redeemed by members. The Company has a number of levers, within its control, that can influence the timing of the usage of this balance as required, therefore, this factor does not impact its going concern status (refer to Note 18).”

Significant events

• “During the year, the Company derecognised the right of use assets following termination of office leases. The derecognition occurred due to the Company relocating its office premises.”
• “Subsequent to the reporting date, the Company made an early repayment of its Revolving Credit Facilities of £9m on 30 July 2025 and £25m on 31 July 2025 (Note 19).”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  +17.9%

  £112,647,000 → £132,771,000

• Cash

  +98.9%

  £28,811,000 → £57,315,000

• Net assets

  +11.1%

  -£109,406,000 → -£97,240,000

• Employees

  +6.2%

  194 → 206

• Operating profit

  +36.3%

  £14,205,000 → £19,356,000

• Profit before tax

  +46.6%

  £10,853,000 → £15,914,000

• Wages

  +16.1%

  £17,933,000 → £20,824,000

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