virgin atlantic airways limited
virgin atlantic airways limited Company Information
Company Number
01600117
Next Accounts
Sep 2025
Shareholders
virgin travel group limited
Group Structure
View All
Industry
Scheduled passenger air transport
Registered Address
company secretariat - the vhq, fleming way, crawley, west sussex, RH10 9DF
Website
www.virginatlantic.comvirgin atlantic airways limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ATLANTIC AIRWAYS LIMITED at £2.6b based on a Turnover of £3.1b and 0.83x industry multiple (adjusted for size and gross margin).
virgin atlantic airways limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ATLANTIC AIRWAYS LIMITED at £1.9b based on an EBITDA of £356.1m and a 5.23x industry multiple (adjusted for size and gross margin).
virgin atlantic airways limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ATLANTIC AIRWAYS LIMITED at £0 based on Net Assets of £-1.2b and 2.57x industry multiple (adjusted for liquidity).
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Virgin Atlantic Airways Limited Overview
Virgin Atlantic Airways Limited is a live company located in crawley, RH10 9DF with a Companies House number of 01600117. It operates in the scheduled passenger air transport sector, SIC Code 51101. Founded in November 1981, it's largest shareholder is virgin travel group limited with a 100% stake. Virgin Atlantic Airways Limited is a mature, mega sized company, Pomanda has estimated its turnover at £3.1b with rapid growth in recent years.
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Virgin Atlantic Airways Limited Health Check
Pomanda's financial health check has awarded Virgin Atlantic Airways Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £3.1b, make it larger than the average company (£41.3m)
£3.1b - Virgin Atlantic Airways Limited
£41.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (4.4%)
53% - Virgin Atlantic Airways Limited
4.4% - Industry AVG
Production
with a gross margin of 14.4%, this company has a comparable cost of product (14.4%)
14.4% - Virgin Atlantic Airways Limited
14.4% - Industry AVG
Profitability
an operating margin of 2.7% make it as profitable than the average company (3.3%)
2.7% - Virgin Atlantic Airways Limited
3.3% - Industry AVG
Employees
with 7342 employees, this is above the industry average (181)
7342 - Virgin Atlantic Airways Limited
181 - Industry AVG
Pay Structure
on an average salary of £57.6k, the company has an equivalent pay structure (£58.4k)
£57.6k - Virgin Atlantic Airways Limited
£58.4k - Industry AVG
Efficiency
resulting in sales per employee of £424.8k, this is more efficient (£288.3k)
£424.8k - Virgin Atlantic Airways Limited
£288.3k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (24 days)
7 days - Virgin Atlantic Airways Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (45 days)
34 days - Virgin Atlantic Airways Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is in line with average (6 days)
6 days - Virgin Atlantic Airways Limited
6 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (8 weeks)
12 weeks - Virgin Atlantic Airways Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 129.9%, this is a higher level of debt than the average (75.6%)
129.9% - Virgin Atlantic Airways Limited
75.6% - Industry AVG
VIRGIN ATLANTIC AIRWAYS LIMITED financials
Virgin Atlantic Airways Limited's latest turnover from December 2023 is £3.1 billion and the company has net assets of -£1.2 billion. According to their latest financial statements, Virgin Atlantic Airways Limited has 7,342 employees and maintains cash reserves of £406.1 million 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 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,118,900,000 | 2,854,100,000 | 928,000,000 | 868,000,000 | 2,927,100,000 | 2,302,700,000 | 2,162,900,000 | 2,250,500,000 | 2,368,400,000 | 2,446,300,000 | 2,233,900,000 | 2,505,200,000 | 2,402,100,000 | 2,271,300,000 | 1,984,100,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,963,000,000 | 2,288,600,000 | 2,173,700,000 | 1,956,700,000 | 1,850,900,000 | ||||||||||
| Gross Profit | 270,900,000 | 216,600,000 | 228,400,000 | 314,600,000 | 133,200,000 | ||||||||||
| Admin Expenses | 282,500,000 | 301,500,000 | 320,500,000 | 304,900,000 | 280,700,000 | ||||||||||
| Operating Profit | 83,700,000 | -72,700,000 | -280,800,000 | -710,000,000 | 49,300,000 | -49,100,000 | -61,000,000 | 154,800,000 | 197,200,000 | 16,000,000 | -11,600,000 | -84,900,000 | -92,100,000 | 9,700,000 | -147,500,000 |
| Interest Payable | 324,200,000 | 276,000,000 | 206,500,000 | 151,600,000 | 112,200,000 | 15,400,000 | 13,800,000 | 23,300,000 | 17,100,000 | 29,600,000 | 7,700,000 | 10,900,000 | 10,700,000 | 13,100,000 | 11,400,000 |
| Interest Receivable | 27,100,000 | 10,400,000 | 1,500,000 | 3,600,000 | 16,400,000 | 12,800,000 | 6,800,000 | 3,700,000 | 6,200,000 | 2,700,000 | 1,200,000 | 2,800,000 | 4,600,000 | 7,600,000 | 2,700,000 |
| Pre-Tax Profit | -213,400,000 | -338,300,000 | -485,800,000 | -858,000,000 | -57,700,000 | -82,100,000 | -75,400,000 | 202,300,000 | 89,500,000 | -194,200,000 | -16,100,000 | -93,000,000 | -98,600,000 | 700,000 | -158,500,000 |
| Tax | -900,000 | -100,000 | 1,000,000 | -6,000,000 | 9,200,000 | 25,900,000 | 14,600,000 | -21,400,000 | -6,100,000 | 40,200,000 | 8,600,000 | 33,300,000 | 41,500,000 | 9,100,000 | 33,300,000 |
| Profit After Tax | -214,300,000 | -338,400,000 | -484,800,000 | -864,000,000 | -48,500,000 | -56,200,000 | -60,800,000 | 180,900,000 | 83,400,000 | -154,000,000 | -7,500,000 | -59,700,000 | -57,100,000 | 9,800,000 | -125,200,000 |
| Dividends Paid | 50,000,000 | ||||||||||||||
| Retained Profit | -214,300,000 | -338,400,000 | -484,800,000 | -864,000,000 | -98,500,000 | -56,200,000 | -60,800,000 | 180,900,000 | 83,400,000 | -154,000,000 | -7,500,000 | -59,700,000 | -57,100,000 | 9,800,000 | -125,200,000 |
| Employee Costs | 423,100,000 | 371,500,000 | 260,700,000 | 280,600,000 | 431,900,000 | 373,700,000 | 354,500,000 | 340,600,000 | 331,100,000 | 328,100,000 | 265,500,000 | 316,600,000 | 298,400,000 | 270,100,000 | 281,600,000 |
| Number Of Employees | 7,342 | 6,532 | 5,283 | 7,437 | 8,357 | 7,629 | 7,331 | 7,427 | 7,933 | 8,072 | 8,341 | 8,480 | 8,145 | 7,643 | 7,947 |
| EBITDA* | 356,100,000 | 165,500,000 | -26,900,000 | -464,000,000 | 315,900,000 | 48,800,000 | 34,900,000 | 263,600,000 | 279,000,000 | 72,200,000 | 43,400,000 | -27,300,000 | -41,800,000 | 67,800,000 | -86,400,000 |
* 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 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,485,200,000 | 2,206,500,000 | 1,911,800,000 | 1,973,200,000 | 2,259,000,000 | 826,600,000 | 718,900,000 | 704,600,000 | 609,200,000 | 499,600,000 | 321,900,000 | 337,800,000 | 311,400,000 | 291,400,000 | 303,400,000 |
| Intangible Assets | 388,400,000 | 388,600,000 | 392,800,000 | 459,900,000 | 182,500,000 | 155,800,000 | 150,700,000 | 143,600,000 | 104,100,000 | 114,600,000 | 81,400,000 | 75,400,000 | 85,200,000 | 38,300,000 | 38,300,000 |
| Investments & Other | 1,100,000 | 4,000,000 | 4,400,000 | 3,000,000 | 5,100,000 | 8,300,000 | 4,900,000 | 7,100,000 | 7,300,000 | 10,600,000 | 12,000,000 | 14,000,000 | 15,300,000 | ||
| Debtors (Due After 1 year) | 29,800,000 | 31,700,000 | 22,100,000 | 18,600,000 | 26,600,000 | 25,100,000 | 17,000,000 | 30,800,000 | 33,000,000 | 37,000,000 | 53,100,000 | 51,700,000 | 97,100,000 | 113,600,000 | 173,500,000 |
| Total Fixed Assets | 2,870,300,000 | 2,591,500,000 | 2,304,600,000 | 2,430,200,000 | 2,441,500,000 | 982,400,000 | 869,600,000 | 848,200,000 | 713,300,000 | 614,200,000 | 463,700,000 | 475,500,000 | 505,700,000 | 457,300,000 | 530,500,000 |
| Stock & work in progress | 44,800,000 | 38,100,000 | 26,300,000 | 30,300,000 | 38,800,000 | 33,600,000 | 31,300,000 | 30,200,000 | 38,800,000 | 43,100,000 | 43,600,000 | 41,400,000 | 41,400,000 | 32,000,000 | 28,500,000 |
| Trade Debtors | 62,500,000 | 74,000,000 | 84,300,000 | 48,100,000 | 638,700,000 | 137,200,000 | 117,600,000 | 131,000,000 | 129,700,000 | 147,100,000 | 152,300,000 | 189,200,000 | 191,500,000 | 184,600,000 | 179,300,000 |
| Group Debtors | 364,400,000 | 352,200,000 | 350,000,000 | 350,600,000 | 49,000,000 | 5,200,000 | 23,400,000 | 37,800,000 | 26,100,000 | 31,700,000 | 23,000,000 | 15,400,000 | 16,100,000 | ||
| Misc Debtors | 166,000,000 | 310,500,000 | 164,900,000 | 114,500,000 | 143,300,000 | 112,200,000 | 96,100,000 | 158,400,000 | 151,600,000 | 172,100,000 | 150,900,000 | 149,000,000 | 191,100,000 | 189,600,000 | |
| Cash | 406,100,000 | 399,100,000 | 588,500,000 | 191,400,000 | 449,100,000 | 487,400,000 | 492,600,000 | 560,600,000 | 584,400,000 | 283,700,000 | 292,200,000 | 399,800,000 | 489,300,000 | 572,700,000 | 444,100,000 |
| misc current assets | 11,400,000 | 27,700,000 | 1,500,000 | 2,000,000 | 20,200,000 | 35,700,000 | 30,000,000 | 32,400,000 | 11,900,000 | 26,000,000 | |||||
| total current assets | 1,055,200,000 | 1,201,600,000 | 1,215,500,000 | 736,900,000 | 1,146,800,000 | 886,200,000 | 783,700,000 | 855,500,000 | 946,600,000 | 689,300,000 | 686,300,000 | 813,000,000 | 894,200,000 | 995,800,000 | 857,600,000 |
| total assets | 3,925,500,000 | 3,793,100,000 | 3,520,100,000 | 3,167,100,000 | 3,588,300,000 | 1,868,600,000 | 1,653,300,000 | 1,703,700,000 | 1,659,900,000 | 1,303,500,000 | 1,150,000,000 | 1,288,500,000 | 1,399,900,000 | 1,453,100,000 | 1,388,100,000 |
| Bank overdraft | 2,200,000 | 11,200,000 | 46,800,000 | 69,800,000 | 16,200,000 | ||||||||||
| Bank loan | 26,200,000 | 17,900,000 | 14,700,000 | 11,700,000 | 16,900,000 | 15,400,000 | 11,500,000 | ||||||||
| Trade Creditors | 249,800,000 | 212,900,000 | 188,000,000 | 122,000,000 | 117,100,000 | 76,700,000 | 61,700,000 | 36,000,000 | 41,100,000 | 81,300,000 | 44,300,000 | 87,400,000 | 78,100,000 | 68,100,000 | 53,400,000 |
| Group/Directors Accounts | 127,100,000 | 163,700,000 | 120,200,000 | 119,900,000 | 118,000,000 | ||||||||||
| other short term finances | 392,400,000 | 96,700,000 | 71,200,000 | 106,600,000 | 57,300,000 | 5,800,000 | 5,500,000 | 17,200,000 | 2,500,000 | ||||||
| hp & lease commitments | 144,300,000 | 118,800,000 | 17,200,000 | 190,900,000 | 18,400,000 | 12,100,000 | 5,700,000 | 4,100,000 | 3,100,000 | 3,400,000 | 3,200,000 | 3,100,000 | 3,500,000 | ||
| other current liabilities | 1,111,100,000 | 1,079,100,000 | 852,100,000 | 527,600,000 | 986,300,000 | 1,081,200,000 | 920,200,000 | 933,400,000 | 1,209,000,000 | 1,187,000,000 | 724,500,000 | 757,700,000 | 729,800,000 | 659,500,000 | 614,200,000 |
| total current liabilities | 1,753,300,000 | 1,533,000,000 | 1,230,100,000 | 773,400,000 | 1,351,600,000 | 1,182,100,000 | 999,500,000 | 986,600,000 | 1,284,500,000 | 1,290,300,000 | 915,900,000 | 1,035,100,000 | 995,000,000 | 935,800,000 | 816,800,000 |
| loans | 6,540,900,000 | 6,320,400,000 | 5,424,000,000 | 4,737,600,000 | 3,938,100,000 | 1,081,800,000 | 910,800,000 | 929,800,000 | 526,900,000 | 21,600,000 | 10,600,000 | 12,100,000 | 35,600,000 | 40,700,000 | 50,900,000 |
| hp & lease commitments | 1,456,900,000 | 1,101,100,000 | 1,749,800,000 | 1,747,100,000 | 307,000,000 | 222,800,000 | 143,000,000 | 200,000 | 4,000,000 | 7,700,000 | 10,600,000 | 13,500,000 | 17,800,000 | ||
| Accruals and Deferred Income | 1,800,000 | 1,300,000 | 3,400,000 | 50,100,000 | 57,900,000 | 13,600,000 | 15,800,000 | 11,900,000 | 20,300,000 | 25,500,000 | 32,800,000 | ||||
| other liabilities | 131,700,000 | 139,300,000 | 195,300,000 | 5,800,000 | 4,600,000 | 9,500,000 | 79,400,000 | ||||||||
| provisions | 140,000,000 | 134,600,000 | 100,800,000 | 109,200,000 | 199,200,000 | 193,200,000 | 190,200,000 | 217,000,000 | 117,400,000 | 214,800,000 | 165,200,000 | 175,700,000 | 232,700,000 | 280,600,000 | 306,100,000 |
| total long term liabilities | 3,345,300,000 | 3,360,500,000 | 2,905,100,000 | 2,618,700,000 | 2,076,900,000 | 650,700,000 | 561,600,000 | 625,600,000 | 490,000,000 | 211,200,000 | 195,600,000 | 207,400,000 | 299,200,000 | 360,300,000 | 407,600,000 |
| total liabilities | 5,098,600,000 | 4,893,500,000 | 4,135,200,000 | 3,392,100,000 | 3,428,500,000 | 1,832,800,000 | 1,561,100,000 | 1,612,200,000 | 1,774,500,000 | 1,501,500,000 | 1,111,500,000 | 1,242,500,000 | 1,294,200,000 | 1,296,100,000 | 1,224,400,000 |
| net assets | -1,173,100,000 | -1,100,400,000 | -615,100,000 | -225,000,000 | 159,800,000 | 34,900,000 | 92,200,000 | 91,500,000 | -114,600,000 | -198,000,000 | 38,500,000 | 46,000,000 | 105,700,000 | 157,000,000 | 163,700,000 |
| total shareholders funds | -1,173,100,000 | -1,100,400,000 | -615,100,000 | -225,000,000 | 159,800,000 | 34,900,000 | 92,200,000 | 91,500,000 | -114,600,000 | -198,000,000 | 38,500,000 | 46,000,000 | 105,700,000 | 157,000,000 | 163,700,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 83,700,000 | -72,700,000 | -280,800,000 | -710,000,000 | 49,300,000 | -49,100,000 | -61,000,000 | 154,800,000 | 197,200,000 | 16,000,000 | -11,600,000 | -84,900,000 | -92,100,000 | 9,700,000 | -147,500,000 |
| Depreciation | 227,300,000 | 188,300,000 | 201,800,000 | 203,600,000 | 243,600,000 | 81,800,000 | 81,100,000 | 94,100,000 | 65,600,000 | 47,200,000 | 55,000,000 | 57,600,000 | 50,300,000 | 58,100,000 | 61,100,000 |
| Amortisation | 45,100,000 | 49,900,000 | 52,100,000 | 42,400,000 | 23,000,000 | 16,100,000 | 14,800,000 | 14,700,000 | 16,200,000 | 9,000,000 | |||||
| Tax | -900,000 | -100,000 | 1,000,000 | -6,000,000 | 9,200,000 | 25,900,000 | 14,600,000 | -21,400,000 | -6,100,000 | 40,200,000 | 8,600,000 | 33,300,000 | 41,500,000 | 9,100,000 | 33,300,000 |
| Stock | 6,700,000 | 11,800,000 | -4,000,000 | -8,500,000 | 5,200,000 | 2,300,000 | 1,100,000 | -8,600,000 | -4,300,000 | -500,000 | 2,200,000 | 9,400,000 | 3,500,000 | 28,500,000 | |
| Debtors | -145,700,000 | 147,100,000 | 89,500,000 | -133,500,000 | 310,700,000 | 107,800,000 | -16,300,000 | -81,400,000 | -29,000,000 | -30,100,000 | -57,000,000 | -37,100,000 | -44,100,000 | -53,800,000 | 558,500,000 |
| Creditors | 36,900,000 | 24,900,000 | 66,000,000 | 4,900,000 | 40,400,000 | 15,000,000 | 25,700,000 | -5,100,000 | -40,200,000 | 37,000,000 | -33,800,000 | 9,300,000 | 10,000,000 | 14,700,000 | 53,400,000 |
| Accruals and Deferred Income | 32,500,000 | 224,900,000 | 327,900,000 | -458,700,000 | -94,900,000 | 161,000,000 | -63,300,000 | -283,400,000 | 66,300,000 | 460,300,000 | -9,800,000 | 19,500,000 | 65,100,000 | 38,000,000 | 647,000,000 |
| Deferred Taxes & Provisions | 5,400,000 | 33,800,000 | -8,400,000 | -90,000,000 | 6,000,000 | 3,000,000 | -26,800,000 | 99,600,000 | -97,400,000 | 49,600,000 | -67,500,000 | -57,000,000 | -47,900,000 | -25,500,000 | 306,100,000 |
| Cash flow from operations | 569,000,000 | 290,100,000 | 274,100,000 | -871,800,000 | -39,300,000 | 143,600,000 | 300,000 | 143,300,000 | 234,900,000 | 689,900,000 | -4,300,000 | 14,900,000 | 61,600,000 | 154,400,000 | 366,400,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,100,000 | -4,000,000 | 4,000,000 | -4,400,000 | 1,400,000 | -2,100,000 | -3,200,000 | 3,400,000 | -2,200,000 | -200,000 | -4,700,000 | -1,400,000 | -2,000,000 | -1,300,000 | 15,300,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -26,200,000 | 8,300,000 | 3,200,000 | -2,200,000 | -5,200,000 | 1,500,000 | 3,900,000 | 11,500,000 | |||||||
| Group/Directors Accounts | -127,100,000 | 6,900,000 | 43,500,000 | 300,000 | 1,900,000 | 118,000,000 | |||||||||
| Other Short Term Loans | 295,700,000 | 25,500,000 | -35,400,000 | 49,300,000 | 51,500,000 | 300,000 | -11,700,000 | 14,700,000 | 2,500,000 | ||||||
| Long term loans | 220,500,000 | 896,400,000 | 686,400,000 | 799,500,000 | 2,856,300,000 | 171,000,000 | -19,000,000 | 402,900,000 | 505,300,000 | 11,000,000 | -25,000,000 | -23,500,000 | -5,100,000 | -10,200,000 | 50,900,000 |
| Hire Purchase and Lease Commitments | -1,601,200,000 | 381,300,000 | -547,100,000 | -171,000,000 | 1,612,600,000 | 90,500,000 | 234,900,000 | -148,700,000 | 144,400,000 | -2,800,000 | -6,700,000 | -2,700,000 | -2,800,000 | -4,700,000 | 21,300,000 |
| other long term liabilities | -131,700,000 | -7,600,000 | -56,000,000 | 189,500,000 | 1,200,000 | -4,900,000 | 9,500,000 | -79,400,000 | 79,400,000 | ||||||
| share issue | |||||||||||||||
| interest | -297,100,000 | -265,600,000 | -205,000,000 | -148,000,000 | -95,800,000 | -2,600,000 | -7,000,000 | -19,600,000 | -10,900,000 | -26,900,000 | -6,500,000 | -8,100,000 | -6,100,000 | -5,500,000 | -8,700,000 |
| cash flow from financing | -1,372,200,000 | 883,100,000 | -62,400,000 | 1,198,500,000 | 4,649,200,000 | 253,200,000 | 268,200,000 | 248,300,000 | 570,200,000 | -145,700,000 | -93,200,000 | 4,000,000 | -6,400,000 | -31,100,000 | 481,900,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 7,000,000 | -189,400,000 | 397,100,000 | -257,700,000 | -38,300,000 | -5,200,000 | -68,000,000 | -23,800,000 | 300,700,000 | -8,500,000 | -197,100,000 | -89,500,000 | -83,400,000 | 128,600,000 | 444,100,000 |
| overdraft | -2,200,000 | -44,600,000 | -35,600,000 | -23,000,000 | 53,600,000 | 16,200,000 | |||||||||
| change in cash | 7,000,000 | -189,400,000 | 397,100,000 | -257,700,000 | -38,300,000 | -5,200,000 | -68,000,000 | -23,800,000 | 300,700,000 | -6,300,000 | -152,500,000 | -53,900,000 | -60,400,000 | 75,000,000 | 427,900,000 |
virgin atlantic airways limited Credit Report and Business Information
Virgin Atlantic Airways Limited Competitor Analysis
Perform a competitor analysis for virgin atlantic airways limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in RH10 area or any other competitors across 12 key performance metrics.
virgin atlantic airways limited Ownership
VIRGIN ATLANTIC AIRWAYS LIMITED group structure
Virgin Atlantic Airways Limited has 9 subsidiary companies.
Ultimate parent company
VIRGIN GROUP HOLDINGS LTD
#0023023
2 parents
VIRGIN ATLANTIC AIRWAYS LIMITED
01600117
9 subsidiaries
virgin atlantic airways limited directors
Virgin Atlantic Airways Limited currently has 15 directors. The longest serving directors include Sir Richard Branson (Dec 1991) and Mr Peter Norris (Jul 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Sir Richard Branson | 74 years | Dec 1991 | - | Director | |
| Mr Peter Norris | United Kingdom | 70 years | Jul 2012 | - | Director |
| Mr Shai Weiss | United Kingdom | 57 years | Jan 2013 | - | Director |
| Mr Edward Bastian | United Kingdom | 67 years | Jun 2013 | - | Director |
| Mr Cornelis Koster | United Kingdom | 53 years | Aug 2017 | - | Director |
| Mr Juha Jarvinen | United Kingdom | 49 years | Jul 2019 | - | Director |
| Mr Oliver Byers | United Kingdom | 40 years | Sep 2020 | - | Director |
| Mr Luigi Brambilla | United Kingdom | 41 years | Jan 2021 | - | Director |
| Mr Luigi Brambilla | 41 years | Jan 2021 | - | Director | |
| Mr Alain Bellemare | United Kingdom | 63 years | Feb 2021 | - | Director |
P&L
December 2023turnover
3.1b
+9%
operating profit
83.7m
-215%
gross margin
14.5%
+111.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.2b
+0.07%
total assets
3.9b
+0.03%
cash
406.1m
+0.02%
net assets
Total assets minus all liabilities
virgin atlantic airways limited company details
company number
01600117
Type
Private limited with Share Capital
industry
51101 - Scheduled passenger air transport
incorporation date
November 1981
age
44
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
ritter public limited company (May 1984)
accountant
-
auditor
KPMG LLP
address
company secretariat - the vhq, fleming way, crawley, west sussex, RH10 9DF
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
virgin atlantic airways 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 236 charges/mortgages relating to virgin atlantic airways limited. Currently there are 83 open charges and 153 have been satisfied in the past.
virgin atlantic airways 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 ATLANTIC AIRWAYS LIMITED. This can take several minutes, an email will notify you when this has completed.
virgin atlantic airways limited Companies House Filings - See Documents
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