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Virgin Money UK PLC Fundamentals

Company NameVirgin Money UK PLCLast Updated2021-06-14
IndustryBanks - RegionalSectorFinancial Services
Shares in Issue1.440 bnMarket Cap£3.01 bn
PE Ratio0.00Dividend per Share0
Dividend Yield2.11Dividend Cover0
EPS-£0.15EPS Growth (%)-0.73
PEG0DPS Growth (%)0
Debt Ratio0.1471Debt Equity Ratio2.6094
Asset Equity Ratio17.7439Cash Equity Ration/a
Quick Ratio0Current Ratio0
Price To Book Value0.5796ROCE0

Virgin Money UK PLC Dividends

TypeEx-DatePay DateCurrencyNet DividendYear Total
Prelim2019-01-172019-02-15GBP0.0310

Virgin Money UK PLC Company Financials

Assets202020192018
Tangible Assets£288.00 m£145.00 m£88.00 m
Intangible Assets£491.00 m£516.00 m£412.00 m
Investments000
Total Fixed Assets000
Stocks000
Debtors000
Cash & Equivalents000
Other Assets£339.00 m£237.00 m£338.00 m
Total Assets£90.26 bn£91.00 bn£43.46 bn
Liabilities202020192018
Creditors within 1 year000
Creditors after 1 year000
Other Liabilities000
Total Liabilities£85.33 bn£85.98 bn£40.27 bn
Net assets£4.93 bn£5.02 bn£3.19 bn
Equity202020192018
Called up share capital£144.00 m£143.00 m£89.00 m
Share Premium£3.00 m£3.00 m0
Profit / Loss-£168.00 m-£232.00 m-£164.00 m
Other Equity£4.93 bn£5.02 bn£3.19 bn
Preference & Minorities000
Total Capital Employed£4.93 bn£5.02 bn£3.19 bn
Ratios202020192018
Debt Ratio£0.74£0.77£0.69
Debt-to-Equity£2.87£3.37£2.27
Assets / Equity17.743917.743917.7439
Cash / Equityn/an/an/a
EPS£0.07£0.27£0.44
Cash Flow202020192018
Cash from operating activities£2.48 bn£387.00 m-£1.13 bn
Cashflow before financing-£580.00 m-£155.00 m-£739.00 m
Increase in Cash-£1.32 bn£3.80 bn-£410.00 m
Income202020192018
Turnover£1.45 bn£1.72 bn£1.01 bn
Cost of sales000
Gross Profit000
Operating Profit000
Pre-Tax profit-£168.00 m-£232.00 m-£164.00 m

Virgin Money UK PLC Company Background

SectorFinancial Services
ActivitiesVirgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalisation process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for more than 81% of total loans, personal loans around 7%, and SME and business loans around 12%. The merger with Virgin Money does provide upside earnings potential, but operating conditions are tough, with business momentum slowing. An upturn in the earnings outlook is needed after several years of disappointment.
Latest Interim Date5 May 2021
Latest Fiscal Year End Date25 Nov 2020

Virgin Money UK PLC Directors

AppointedNamePosition
2020-05-05Mr. James Neilson PettigrewNon-Executive Director,Chairman
2020-11-30Mr. David J Bennett Non-Executive Director,Chairman
2020-12-22Mr. David Duffy Executive Director,Chief Executive Officer
2018-06-29Mr. David BrowneNon-Executive Director
2020-05-01Mr. Adrian Grace Non-Executive Director
2020-11-30Mr. Paul CobyNon-Executive Director
2020-11-30Mr. Darren Pope Non-Executive Director
2020-09-30Ms. Fiona MacLeodNon-Executive Director
2020-11-30Ms. Geeta GopalanNon-Executive Director
2018-11-19Ms. Debbie CrosbieExecutive Director,Chief Operating Officer
2020-11-26Mr. Ian SmithExecutive Director,Chief Financial Officer
2020-11-30Mr. Timothy Wade Non-Executive Director,Senior Independent Director

Virgin Money UK PLC Contact Details

Company NameVirgin Money UK PLC
AddressJubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL
Telephone+44 1412487070
Websitehttps://www.virginmoneyukplc.com

Virgin Money UK PLC Advisors

Remuneration ConsultantPricewaterhouseCoopers LLP
Phone+44 205835000
Fax+44 208224652
Financial PR AdviserBell Pottinger - Financial and Corporate
Phone+44 2037722500
RegistrarComputershare Investor Services PLC
Phone+44 3707020003
Fax+44 3707036101
SolicitorClifford Chance
Phone+44 2070061000
Fax+44 2070065555
SolicitorAllen & Overy LLP
Phone+44 2030880000
Fax+44 207339999