virgin records limited
virgin records limited Company Information
Company Number
01070953
Next Accounts
Sep 2025
Shareholders
virgin music group
Group Structure
View All
Industry
Artistic creation
Registered Address
4 pancras square, london, N1C 4AG
virgin records limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN RECORDS LIMITED at £75.8m based on a Turnover of £77m and 0.98x industry multiple (adjusted for size and gross margin).
virgin records limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN RECORDS LIMITED at £370.6m based on an EBITDA of £26.6m and a 13.91x industry multiple (adjusted for size and gross margin).
virgin records limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN RECORDS LIMITED at £1b based on Net Assets of £1.1b and 0.92x industry multiple (adjusted for liquidity).
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Virgin Records Limited Overview
Virgin Records Limited is a live company located in london, N1C 4AG with a Companies House number of 01070953. It operates in the artistic creation sector, SIC Code 90030. Founded in September 1972, it's largest shareholder is virgin music group with a 100% stake. Virgin Records Limited is a mature, large sized company, Pomanda has estimated its turnover at £77m with healthy growth in recent years.
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Virgin Records Limited Health Check
Pomanda's financial health check has awarded Virgin Records Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
1 Weak
Size
annual sales of £77m, make it larger than the average company (£364.3k)
£77m - Virgin Records Limited
£364.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (7.6%)
6% - Virgin Records Limited
7.6% - Industry AVG
Production
with a gross margin of 59.2%, this company has a comparable cost of product (57.7%)
59.2% - Virgin Records Limited
57.7% - Industry AVG
Profitability
an operating margin of 33.2% make it more profitable than the average company (5.8%)
33.2% - Virgin Records Limited
5.8% - Industry AVG
Employees
with 957 employees, this is above the industry average (6)
- Virgin Records Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Virgin Records Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £80.5k, this is equally as efficient (£80.5k)
- Virgin Records Limited
£80.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Virgin Records Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 164 days, this is slower than average (26 days)
164 days - Virgin Records Limited
26 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (19 days)
7 days - Virgin Records Limited
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (73 weeks)
0 weeks - Virgin Records Limited
73 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.8%, this is a lower level of debt than the average (40%)
6.8% - Virgin Records Limited
40% - Industry AVG
VIRGIN RECORDS LIMITED financials
Virgin Records Limited's latest turnover from December 2023 is £77 million and the company has net assets of £1.1 billion. According to their latest financial statements, we estimate that Virgin Records Limited has 957 employees and maintains cash reserves of £183 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 76,998,000 | 72,077,000 | 65,973,000 | 63,857,000 | 60,885,000 | 58,606,000 | 52,786,000 | 55,910,000 | 55,686,000 | 65,908,000 | 49,635,000 | 49,205,000 | 24,328,000 | 33,750,000 | 26,615,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 31,418,000 | 26,243,000 | 25,270,000 | 23,756,000 | 24,842,000 | 22,991,000 | 21,703,000 | 25,232,000 | 21,597,000 | 36,222,000 | 30,142,000 | 22,086,000 | 18,502,000 | 17,125,000 | 13,829,000 |
| Gross Profit | 45,580,000 | 45,834,000 | 40,703,000 | 40,101,000 | 36,043,000 | 35,615,000 | 31,083,000 | 30,678,000 | 34,089,000 | 29,686,000 | 19,493,000 | 27,119,000 | 5,826,000 | 16,625,000 | 12,786,000 |
| Admin Expenses | 19,996,000 | 20,194,000 | 18,573,000 | 20,310,000 | 19,540,000 | 18,472,000 | 19,106,000 | 16,644,000 | 17,383,000 | 17,080,000 | 16,482,000 | 9,842,000 | 632,000 | 5,401,000 | 3,507,000 |
| Operating Profit | 25,584,000 | 25,640,000 | 22,130,000 | 19,791,000 | 16,503,000 | 17,143,000 | 11,977,000 | 14,034,000 | 16,706,000 | 12,606,000 | 3,011,000 | 17,277,000 | 5,194,000 | 11,224,000 | 9,279,000 |
| Interest Payable | 33,839,000 | 12,036,000 | 5,629,000 | 10,370,000 | 15,378,000 | 15,522,000 | 16,621,000 | 16,040,000 | 14,556,000 | 14,295,000 | 13,901,000 | 28,839,000 | 28,365,000 | 7,601,000 | 7,422,000 |
| Interest Receivable | 85,194,000 | 23,638,000 | 2,744,000 | 6,083,000 | 14,490,000 | 12,091,000 | 6,704,000 | 4,610,000 | 6,594,000 | 6,356,000 | 9,931,000 | 50,821,000 | 57,678,000 | 4,491,000 | 4,469,000 |
| Pre-Tax Profit | 76,939,000 | 37,242,000 | 19,245,000 | 15,504,000 | 15,615,000 | 13,712,000 | 2,060,000 | 59,104,000 | 8,744,000 | 4,667,000 | 17,357,000 | 39,259,000 | 34,507,000 | 8,114,000 | 6,326,000 |
| Tax | -18,099,000 | -7,362,000 | -1,525,000 | -3,215,000 | -2,554,000 | -2,485,000 | -658,000 | -823,000 | -1,169,000 | -2,661,000 | 923,000 | ||||
| Profit After Tax | 58,840,000 | 29,880,000 | 17,720,000 | 12,289,000 | 13,061,000 | 11,227,000 | 1,402,000 | 58,281,000 | 7,575,000 | 2,006,000 | 18,280,000 | 39,259,000 | 34,507,000 | 8,114,000 | 6,326,000 |
| Dividends Paid | 21,000,000 | ||||||||||||||
| Retained Profit | 58,840,000 | 29,880,000 | 17,720,000 | 12,289,000 | 13,061,000 | 11,227,000 | 1,402,000 | 37,281,000 | 7,575,000 | 2,006,000 | 18,280,000 | 39,259,000 | 34,507,000 | 8,114,000 | 6,326,000 |
| Employee Costs | 2,028,000 | 1,947,000 | 2,758,000 | ||||||||||||
| Number Of Employees | 31 | 34 | 34 | ||||||||||||
| EBITDA* | 26,641,000 | 28,559,000 | 24,880,000 | 22,628,000 | 19,396,000 | 20,004,000 | 14,870,000 | 16,618,000 | 19,229,000 | 15,063,000 | 4,986,000 | 18,010,000 | 5,194,000 | 11,224,000 | 9,279,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,117,000 | 6,524,000 | 6,099,000 | 6,649,000 | 7,530,000 | 8,096,000 | 8,616,000 | 6,542,000 | 4,339,000 | 3,036,000 | 2,762,000 | 3,019,000 | |||
| Intangible Assets | 1,785,000 | 3,568,000 | 5,351,000 | 7,134,000 | 8,917,000 | 11,573,000 | 13,499,000 | 15,425,000 | 17,384,000 | 34,492,000 | 300,000 | ||||
| Investments & Other | 1,515,000 | 1,515,000 | 1,515,000 | 6,000 | 6,000 | 905,033,000 | 905,033,000 | 905,033,000 | 905,295,000 | 689,872,000 | 737,124,000 | 737,124,000 | |||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 7,632,000 | 8,039,000 | 9,399,000 | 10,223,000 | 12,887,000 | 15,230,000 | 17,533,000 | 18,115,000 | 922,871,000 | 923,494,000 | 925,179,000 | 942,806,000 | 689,872,000 | 737,124,000 | 737,424,000 |
| Stock & work in progress | 679,000 | 330,000 | 271,000 | 374,000 | 418,000 | 325,000 | 366,000 | 482,000 | 237,000 | 97,000 | 91,000 | 14,000 | |||
| Trade Debtors | 63,000 | 615,000 | 438,000 | 669,000 | 1,590,000 | 11,979,000 | 8,344,000 | 707,000 | 2,451,000 | ||||||
| Group Debtors | 1,202,667,000 | 1,112,726,000 | 1,079,092,000 | 1,057,444,000 | 1,045,850,000 | 1,023,295,000 | 1,015,972,000 | 1,249,698,000 | 733,544,000 | 1,173,283,000 | 1,136,681,000 | 1,358,063,000 | 1,785,264,000 | 1,289,909,000 | 1,723,798,000 |
| Misc Debtors | 6,286,000 | 6,415,000 | 5,697,000 | 5,704,000 | 3,351,000 | 6,213,000 | 4,838,000 | 5,553,000 | 4,220,000 | 5,423,000 | 27,831,000 | 6,826,000 | 6,779,000 | 3,432,000 | 2,541,000 |
| Cash | 183,000 | 171,000 | 111,000 | 1,000 | 4,000 | 31,000 | 13,000 | 12,000 | |||||||
| misc current assets | |||||||||||||||
| total current assets | 1,209,815,000 | 1,119,642,000 | 1,085,171,000 | 1,063,523,000 | 1,049,623,000 | 1,029,927,000 | 1,021,804,000 | 1,256,183,000 | 738,670,000 | 1,180,393,000 | 1,164,603,000 | 1,376,882,000 | 1,800,387,000 | 1,294,048,000 | 1,728,790,000 |
| total assets | 1,217,447,000 | 1,127,681,000 | 1,094,570,000 | 1,073,746,000 | 1,062,510,000 | 1,045,157,000 | 1,039,337,000 | 1,274,298,000 | 1,661,541,000 | 2,103,887,000 | 2,089,782,000 | 2,319,688,000 | 2,490,259,000 | 2,031,172,000 | 2,466,214,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 14,122,000 | 13,120,000 | 12,536,000 | 12,097,000 | 9,686,000 | 12,702,000 | 13,452,000 | 16,837,000 | 16,870,000 | 16,852,000 | 12,774,000 | 4,752,000 | 5,467,000 | 1,300,000 | 6,583,000 |
| Group/Directors Accounts | 58,035,000 | 35,452,000 | 33,496,000 | 30,889,000 | 31,230,000 | 25,247,000 | 27,689,000 | 258,754,000 | 682,307,000 | 658,973,000 | 642,839,000 | 893,294,000 | 1,305,261,000 | 895,765,000 | 1,318,635,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 9,394,000 | 2,730,000 | 2,127,000 | 1,651,000 | 4,916,000 | 3,337,000 | 4,352,000 | 5,094,000 | 5,296,000 | 8,867,000 | 15,895,000 | 21,751,000 | 22,111,000 | 11,194,000 | 26,197,000 |
| total current liabilities | 81,551,000 | 51,302,000 | 48,159,000 | 44,637,000 | 45,832,000 | 41,286,000 | 45,493,000 | 280,685,000 | 704,473,000 | 684,692,000 | 671,508,000 | 919,797,000 | 1,332,839,000 | 908,259,000 | 1,351,415,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 838,000 | ||||||||||||||
| provisions | 1,655,000 | 978,000 | 890,000 | 1,309,000 | 1,167,000 | 1,421,000 | 2,621,000 | 3,792,000 | 4,528,000 | 2,230,000 | 3,315,000 | 2,374,000 | |||
| total long term liabilities | 1,655,000 | 978,000 | 890,000 | 1,309,000 | 1,167,000 | 1,421,000 | 2,621,000 | 3,792,000 | 4,528,000 | 2,230,000 | 3,315,000 | 3,212,000 | |||
| total liabilities | 83,206,000 | 52,280,000 | 49,049,000 | 45,946,000 | 46,999,000 | 42,707,000 | 48,114,000 | 284,477,000 | 709,001,000 | 686,922,000 | 674,823,000 | 923,009,000 | 1,332,839,000 | 908,259,000 | 1,351,415,000 |
| net assets | 1,134,241,000 | 1,075,401,000 | 1,045,521,000 | 1,027,800,000 | 1,015,511,000 | 1,002,450,000 | 991,223,000 | 989,821,000 | 952,540,000 | 1,416,965,000 | 1,414,959,000 | 1,396,679,000 | 1,157,420,000 | 1,122,913,000 | 1,114,799,000 |
| total shareholders funds | 1,134,241,000 | 1,075,401,000 | 1,045,521,000 | 1,027,800,000 | 1,015,511,000 | 1,002,450,000 | 991,223,000 | 989,821,000 | 952,540,000 | 1,416,965,000 | 1,414,959,000 | 1,396,679,000 | 1,157,420,000 | 1,122,913,000 | 1,114,799,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 25,584,000 | 25,640,000 | 22,130,000 | 19,791,000 | 16,503,000 | 17,143,000 | 11,977,000 | 14,034,000 | 16,706,000 | 12,606,000 | 3,011,000 | 17,277,000 | 5,194,000 | 11,224,000 | 9,279,000 |
| Depreciation | 1,057,000 | 1,134,000 | 967,000 | 1,054,000 | 1,110,000 | 1,078,000 | 967,000 | 658,000 | 597,000 | 498,000 | 427,000 | 138,000 | |||
| Amortisation | 1,785,000 | 1,783,000 | 1,783,000 | 1,783,000 | 1,783,000 | 1,926,000 | 1,926,000 | 1,926,000 | 1,959,000 | 1,548,000 | 595,000 | ||||
| Tax | -18,099,000 | -7,362,000 | -1,525,000 | -3,215,000 | -2,554,000 | -2,485,000 | -658,000 | -823,000 | -1,169,000 | -2,661,000 | 923,000 | ||||
| Stock | 349,000 | 59,000 | -103,000 | -44,000 | 93,000 | -41,000 | -116,000 | 245,000 | 140,000 | 6,000 | 91,000 | 14,000 | |||
| Debtors | 89,812,000 | 34,352,000 | 21,641,000 | 13,947,000 | 19,630,000 | 8,146,000 | -234,264,000 | 517,256,000 | -441,863,000 | 15,784,000 | -635,875,000 | -423,519,000 | 506,339,000 | -434,742,000 | 1,728,790,000 |
| Creditors | 1,002,000 | 584,000 | 439,000 | 2,411,000 | -3,016,000 | -750,000 | -3,385,000 | -33,000 | 18,000 | 4,078,000 | 7,307,000 | -715,000 | 4,167,000 | -5,283,000 | 6,583,000 |
| Accruals and Deferred Income | 6,664,000 | 603,000 | 476,000 | -3,265,000 | 1,579,000 | -1,015,000 | -742,000 | -202,000 | -3,571,000 | -7,028,000 | -6,216,000 | -360,000 | 10,917,000 | -15,003,000 | 26,197,000 |
| Deferred Taxes & Provisions | 677,000 | 88,000 | -419,000 | 142,000 | -254,000 | -1,200,000 | -1,171,000 | -736,000 | 2,298,000 | -1,085,000 | 3,315,000 | 2,374,000 | |||
| Cash flow from operations | -73,276,000 | -11,939,000 | 2,313,000 | 4,798,000 | -4,572,000 | 6,449,000 | 243,294,000 | -502,677,000 | 458,528,000 | -7,423,000 | 646,099,000 | 442,814,000 | -486,061,000 | 425,680,000 | -1,686,731,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,509,000 | 6,000 | -905,033,000 | 215,161,000 | 215,423,000 | -47,252,000 | 737,124,000 | ||||||||
| cash flow from investments | -215,423,000 | ||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 22,583,000 | 1,956,000 | 2,607,000 | -341,000 | 5,983,000 | -2,442,000 | -231,065,000 | -423,553,000 | 23,334,000 | 16,134,000 | -662,422,000 | -411,967,000 | 409,496,000 | -422,870,000 | 1,318,635,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 838,000 | ||||||||||||||
| share issue | |||||||||||||||
| interest | 51,355,000 | 11,602,000 | -2,885,000 | -4,287,000 | -888,000 | -3,431,000 | -9,917,000 | -11,430,000 | -7,962,000 | -7,939,000 | -3,970,000 | 21,982,000 | 29,313,000 | -3,110,000 | -2,953,000 |
| cash flow from financing | 73,938,000 | 13,558,000 | -277,000 | -4,628,000 | 5,095,000 | -5,873,000 | -240,982,000 | -434,983,000 | -456,628,000 | 8,195,000 | -427,133,000 | -189,147,000 | 438,809,000 | -425,980,000 | 2,424,155,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 12,000 | 60,000 | 110,000 | -3,000 | -27,000 | 18,000 | 1,000 | 12,000 | |||||||
| overdraft | |||||||||||||||
| change in cash | 12,000 | 60,000 | 110,000 | -3,000 | -27,000 | 18,000 | 1,000 | 12,000 |
virgin records limited Credit Report and Business Information
Virgin Records Limited Competitor Analysis
Perform a competitor analysis for virgin records limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other large companies, companies in N1C area or any other competitors across 12 key performance metrics.
virgin records limited Ownership
VIRGIN RECORDS LIMITED group structure
Virgin Records Limited has 6 subsidiary companies.
Ultimate parent company
VIRGIN RECORDS LIMITED
01070953
6 subsidiaries
virgin records limited directors
Virgin Records Limited currently has 3 directors. The longest serving directors include Mr Boyd Muir (Sep 2012) and Mr David Sharpe (Mar 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Boyd Muir | United Kingdom | 65 years | Sep 2012 | - | Director |
| Mr David Sharpe | United Kingdom | 58 years | Mar 2013 | - | Director |
| Mr Adam Barker | United Kingdom | 57 years | Mar 2013 | - | Director |
P&L
December 2023turnover
77m
+7%
operating profit
25.6m
0%
gross margin
59.2%
-6.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.1b
+0.05%
total assets
1.2b
+0.08%
cash
183k
+0.07%
net assets
Total assets minus all liabilities
virgin records limited company details
company number
01070953
Type
Private limited with Share Capital
industry
90030 - Artistic creation
incorporation date
September 1972
age
53
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
4 pancras square, london, N1C 4AG
Bank
BARCLAYS BANK PLC
Legal Advisor
-
virgin records limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 11 charges/mortgages relating to virgin records limited. Currently there are 3 open charges and 8 have been satisfied in the past.
virgin records limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for VIRGIN RECORDS LIMITED. This can take several minutes, an email will notify you when this has completed.
virgin records limited Companies House Filings - See Documents
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