virgin money unit trust managers limited
virgin money unit trust managers limited Company Information
Company Number
03000482
Registered Address
jubilee house, gosforth, newcastle-upon-tyne, NE3 4PL
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Activities of unit trusts
Telephone
01912794604
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
clydesdale bank plc 50%
abrdn holdings limited 50%
virgin money unit trust managers limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN MONEY UNIT TRUST MANAGERS LIMITED at £54.4m based on a Turnover of £23m and 2.37x industry multiple (adjusted for size and gross margin).
virgin money unit trust managers limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN MONEY UNIT TRUST MANAGERS LIMITED at £0 based on an EBITDA of £-1.8m and a 12.45x industry multiple (adjusted for size and gross margin).
virgin money unit trust managers limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN MONEY UNIT TRUST MANAGERS LIMITED at £33.6m based on Net Assets of £20.6m and 1.63x industry multiple (adjusted for liquidity).
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Virgin Money Unit Trust Managers Limited Overview
Virgin Money Unit Trust Managers Limited is a live company located in newcastle-upon-tyne, NE3 4PL with a Companies House number of 03000482. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in December 1994, it's largest shareholder is clydesdale bank plc with a 50% stake. Virgin Money Unit Trust Managers Limited is a mature, large sized company, Pomanda has estimated its turnover at £23m with low growth in recent years.
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Virgin Money Unit Trust Managers Limited Health Check
Pomanda's financial health check has awarded Virgin Money Unit Trust Managers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
1 Weak
Size
annual sales of £23m, make it larger than the average company (£14.4m)
£23m - Virgin Money Unit Trust Managers Limited
£14.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a similar rate (3.6%)
3% - Virgin Money Unit Trust Managers Limited
3.6% - Industry AVG
Production
with a gross margin of 62.3%, this company has a comparable cost of product (62.3%)
62.3% - Virgin Money Unit Trust Managers Limited
62.3% - Industry AVG
Profitability
an operating margin of -7.9% make it less profitable than the average company (8.2%)
-7.9% - Virgin Money Unit Trust Managers Limited
8.2% - Industry AVG
Employees
with 76 employees, this is above the industry average (19)
- Virgin Money Unit Trust Managers Limited
19 - Industry AVG
Pay Structure
on an average salary of £96.6k, the company has an equivalent pay structure (£96.6k)
- Virgin Money Unit Trust Managers Limited
£96.6k - Industry AVG
Efficiency
resulting in sales per employee of £302.3k, this is equally as efficient (£344.7k)
- Virgin Money Unit Trust Managers Limited
£344.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Virgin Money Unit Trust Managers Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 212 days, this is slower than average (31 days)
212 days - Virgin Money Unit Trust Managers Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Virgin Money Unit Trust Managers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 83 weeks, this is more cash available to meet short term requirements (36 weeks)
83 weeks - Virgin Money Unit Trust Managers Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.2%, this is a lower level of debt than the average (53.6%)
36.2% - Virgin Money Unit Trust Managers Limited
53.6% - Industry AVG
virgin money unit trust managers limited Credit Report and Business Information
Virgin Money Unit Trust Managers Limited Competitor Analysis
Perform a competitor analysis for virgin money unit trust managers limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
virgin money unit trust managers limited Ownership
VIRGIN MONEY UNIT TRUST MANAGERS LIMITED group structure
Virgin Money Unit Trust Managers Limited has 2 subsidiary companies.
Ultimate parent company
VIRGIN MONEY UNIT TRUST MANAGERS LIMITED
03000482
2 subsidiaries
virgin money unit trust managers limited directors
Virgin Money Unit Trust Managers Limited currently has 7 directors. The longest serving directors include Mr Hugh Chater (Aug 2019) and Ms Mary Phibbs (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hugh Chater | United Kingdom | 64 years | Aug 2019 | - | Director |
| Ms Mary Phibbs | United Kingdom | 66 years | Oct 2019 | - | Director |
| Mr Fergus Murphy | United Kingdom | 60 years | Oct 2020 | - | Director |
| Jonathan Byrne | United Kingdom | 54 years | May 2021 | - | Director |
| Mr Simon Hynes | United Kingdom | 55 years | Mar 2024 | - | Director |
| Mrs Allegra Patrizi | United Kingdom | 49 years | Apr 2024 | - | Director |
| Mrs Paula Moore | United Kingdom | 60 years | Apr 2024 | - | Director |
VIRGIN MONEY UNIT TRUST MANAGERS LIMITED financials
Virgin Money Unit Trust Managers Limited's latest turnover from December 2023 is £23 million and the company has net assets of £20.6 million. According to their latest financial statements, we estimate that Virgin Money Unit Trust Managers Limited has 76 employees and maintains cash reserves of £18.9 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 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,977,000 | 24,904,000 | 25,512,000 | 21,101,000 | 23,928,000 | 36,016,000 | 33,148,000 | 21,695,000 | 21,378,000 | 20,991,000 | 20,211,000 | 18,140,000 | 17,760,000 | 17,080,000 | 18,593,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -1,816,000 | -1,068,000 | -8,870,000 | -16,679,000 | -5,415,000 | 16,572,000 | 13,732,000 | 9,306,000 | 8,470,000 | 9,943,000 | 8,944,000 | 7,760,000 | 7,484,000 | 5,982,000 | 6,530,000 |
| Interest Payable | 0 | 4,000 | 6,000 | 31,000 | 33,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 648,000 | 28,000 | 0 | 0 | 87,000 | 228,000 | 115,000 | 501,000 | 1,036,000 | 934,000 | 708,000 | 644,000 | 391,000 | 9,000 | 7,000 |
| Pre-Tax Profit | -1,168,000 | -1,044,000 | -8,876,000 | -16,710,000 | -21,461,000 | 16,800,000 | 13,847,000 | 9,807,000 | 9,506,000 | 10,877,000 | 9,652,000 | 8,404,000 | 7,875,000 | 5,991,000 | 6,537,000 |
| Tax | 288,000 | 1,030,000 | -3,174,000 | 4,030,000 | -36,000 | -3,591,000 | -3,002,000 | -1,961,000 | -1,925,000 | -2,209,000 | -2,244,000 | -2,047,000 | -2,086,000 | -1,677,000 | -1,830,000 |
| Profit After Tax | -880,000 | -14,000 | -12,050,000 | -12,680,000 | -21,497,000 | 13,209,000 | 10,845,000 | 7,846,000 | 7,581,000 | 8,668,000 | 7,408,000 | 6,357,000 | 5,789,000 | 4,314,000 | 4,707,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 5,000,000 | 12,853,000 | 7,229,000 | 7,229,000 | 0 | 0 | 0 | 0 | 0 | 9,070,000 | 0 |
| Retained Profit | -880,000 | -14,000 | -12,050,000 | -12,680,000 | -26,497,000 | 356,000 | 3,616,000 | 617,000 | 7,581,000 | 8,668,000 | 7,408,000 | 6,357,000 | 5,789,000 | -4,756,000 | 4,707,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | -1,816,000 | -1,068,000 | -8,870,000 | -16,679,000 | -4,365,000 | 18,672,000 | 15,482,000 | 9,306,000 | 8,470,000 | 9,943,000 | 8,944,000 | 7,760,000 | 7,484,000 | 5,982,000 | 6,530,000 |
* 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 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 6,924,000 | 287,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 17,150,000 | 19,250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 3,462,000 | 287,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 3,462,000 | 287,000 | 17,150,000 | 19,250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 3,005,000 | 7,126,000 | 5,911,000 | 6,670,000 | 1,783,000 | 1,734,000 | 1,566,000 | 1,351,000 | 1,447,000 | 1,310,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 361,000 | 12,790,000 | 2,000,000 | 41,732,000 | 37,286,000 | 32,267,000 | 24,159,000 | 15,203,000 | 8,559,000 | 9,067,000 |
| Misc Debtors | 13,420,000 | 7,936,000 | 2,521,000 | 6,127,000 | 7,354,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 18,872,000 | 21,780,000 | 18,628,000 | 5,067,000 | 13,384,000 | 20,236,000 | 5,510,000 | 7,820,000 | 4,028,000 | 3,936,000 | 3,463,000 | 1,101,000 | 406,000 | 2,531,000 | 5,772,000 |
| misc current assets | 0 | 631,000 | 3,958,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,292,000 | 30,347,000 | 25,395,000 | 12,214,000 | 20,912,000 | 23,602,000 | 25,426,000 | 15,731,000 | 52,430,000 | 43,005,000 | 37,464,000 | 26,826,000 | 16,960,000 | 12,537,000 | 16,149,000 |
| total assets | 32,292,000 | 30,347,000 | 25,395,000 | 15,676,000 | 21,199,000 | 40,752,000 | 44,676,000 | 15,731,000 | 52,430,000 | 43,005,000 | 37,464,000 | 26,826,000 | 16,960,000 | 12,537,000 | 16,149,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,036,000 | 3,861,000 | 3,490,000 | 686,000 | 0 | 1,346,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,783,000 | 4,979,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 885,000 | 39,000 | 4,423,000 | 6,758,000 | 10,987,000 | 1,891,000 | 7,517,000 | 3,188,000 | 6,005,000 | 4,161,000 | 7,288,000 | 4,058,000 | 549,000 | 1,915,000 | 742,000 |
| total current liabilities | 11,704,000 | 8,879,000 | 7,913,000 | 7,444,000 | 10,987,000 | 3,237,000 | 7,517,000 | 3,188,000 | 6,005,000 | 4,161,000 | 7,288,000 | 4,058,000 | 549,000 | 1,915,000 | 771,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 11,704,000 | 8,879,000 | 7,913,000 | 7,444,000 | 10,987,000 | 3,237,000 | 7,517,000 | 3,188,000 | 6,005,000 | 4,161,000 | 7,288,000 | 4,058,000 | 549,000 | 1,915,000 | 771,000 |
| net assets | 20,588,000 | 21,468,000 | 17,482,000 | 8,232,000 | 10,212,000 | 37,515,000 | 37,159,000 | 12,543,000 | 46,425,000 | 38,844,000 | 30,176,000 | 22,768,000 | 16,411,000 | 10,622,000 | 15,378,000 |
| total shareholders funds | 20,588,000 | 21,468,000 | 17,482,000 | 8,232,000 | 10,212,000 | 37,515,000 | 37,159,000 | 12,543,000 | 46,425,000 | 38,844,000 | 30,176,000 | 22,768,000 | 16,411,000 | 10,622,000 | 15,378,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,816,000 | -1,068,000 | -8,870,000 | -16,679,000 | -5,415,000 | 16,572,000 | 13,732,000 | 9,306,000 | 8,470,000 | 9,943,000 | 8,944,000 | 7,760,000 | 7,484,000 | 5,982,000 | 6,530,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 1,050,000 | 2,100,000 | 1,750,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 288,000 | 1,030,000 | -3,174,000 | 4,030,000 | -36,000 | -3,591,000 | -3,002,000 | -1,961,000 | -1,925,000 | -2,209,000 | -2,244,000 | -2,047,000 | -2,086,000 | -1,677,000 | -1,830,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,484,000 | 5,415,000 | -7,068,000 | 1,948,000 | 4,275,000 | -16,550,000 | 12,005,000 | -40,491,000 | 9,333,000 | 5,068,000 | 8,276,000 | 9,171,000 | 6,548,000 | -371,000 | 10,377,000 |
| Creditors | 1,175,000 | 371,000 | 2,804,000 | 686,000 | -1,346,000 | 1,346,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 846,000 | -4,384,000 | -2,335,000 | -4,229,000 | 9,096,000 | -5,626,000 | 4,329,000 | -2,817,000 | 1,844,000 | -3,127,000 | 3,230,000 | 3,509,000 | -1,366,000 | 1,173,000 | 742,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -4,991,000 | -9,466,000 | -4,507,000 | -18,140,000 | -926,000 | 27,351,000 | 4,804,000 | 45,019,000 | -944,000 | -461,000 | 1,654,000 | 51,000 | -2,516,000 | 5,849,000 | -4,935,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 804,000 | 4,979,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,000 | 29,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 648,000 | 24,000 | -6,000 | -31,000 | 54,000 | 228,000 | 115,000 | 501,000 | 1,036,000 | 934,000 | 708,000 | 644,000 | 391,000 | 9,000 | 7,000 |
| cash flow from financing | 1,452,000 | 9,003,000 | 21,294,000 | 10,669,000 | -752,000 | 228,000 | 21,115,000 | -33,998,000 | 1,036,000 | 934,000 | 708,000 | 644,000 | 391,000 | -20,000 | 10,707,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -2,908,000 | 3,152,000 | 13,561,000 | -8,317,000 | -6,852,000 | 14,726,000 | -2,310,000 | 3,792,000 | 92,000 | 473,000 | 2,362,000 | 695,000 | -2,125,000 | -3,241,000 | 5,772,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,908,000 | 3,152,000 | 13,561,000 | -8,317,000 | -6,852,000 | 14,726,000 | -2,310,000 | 3,792,000 | 92,000 | 473,000 | 2,362,000 | 695,000 | -2,125,000 | -3,241,000 | 5,772,000 |
P&L
December 2023turnover
23m
-8%
operating profit
-1.8m
+70%
gross margin
62.3%
-17.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
20.6m
-0.04%
total assets
32.3m
+0.06%
cash
18.9m
-0.13%
net assets
Total assets minus all liabilities
virgin money unit trust managers limited company details
company number
03000482
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
64302 - Activities of unit trusts
incorporation date
December 1994
age
30
accounts
Full Accounts
ultimate parent company
previous names
virgin direct unit trust managers limited (February 2002)
virgin direct personal financial service limited (May 1996)
incorporated
UK
address
jubilee house, gosforth, newcastle-upon-tyne, NE3 4PL
last accounts submitted
December 2023
virgin money unit trust managers 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 did not find charges/mortgages relating to virgin money unit trust managers limited.
virgin money unit trust managers limited Companies House Filings - See Documents
| date | description | view/download |
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