virgin active limited
virgin active limited Company Information
Company Number
03448441
Registered Address
26 little trinity lane, mansion house, london, EC4V 2AR
Industry
Other amusement and recreation activities
Telephone
02072055500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
virgin active holdings limited 100%
virgin active limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ACTIVE LIMITED at £263.2m based on a Turnover of £105.6m and 2.49x industry multiple (adjusted for size and gross margin).
virgin active limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ACTIVE LIMITED at £0 based on an EBITDA of £-12.1m and a 8.56x industry multiple (adjusted for size and gross margin).
virgin active limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ACTIVE LIMITED at £361m based on Net Assets of £133.7m and 2.7x industry multiple (adjusted for liquidity).
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Virgin Active Limited Overview
Virgin Active Limited is a live company located in london, EC4V 2AR with a Companies House number of 03448441. It operates in the other amusement and recreation activities n.e.c. sector, SIC Code 93290. Founded in October 1997, it's largest shareholder is virgin active holdings limited with a 100% stake. Virgin Active Limited is a mature, mega sized company, Pomanda has estimated its turnover at £105.6m with declining growth in recent years.
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Virgin Active Limited Health Check
Pomanda's financial health check has awarded Virgin Active Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £105.6m, make it larger than the average company (£351.8k)
£105.6m - Virgin Active Limited
£351.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.7%)
-14% - Virgin Active Limited
2.7% - Industry AVG
Production
with a gross margin of 61.7%, this company has a comparable cost of product (61.7%)
61.7% - Virgin Active Limited
61.7% - Industry AVG
Profitability
an operating margin of -34.3% make it less profitable than the average company (13.3%)
-34.3% - Virgin Active Limited
13.3% - Industry AVG
Employees
with 2230 employees, this is above the industry average (10)
2230 - Virgin Active Limited
10 - Industry AVG
Pay Structure
on an average salary of £20.5k, the company has an equivalent pay structure (£18k)
£20.5k - Virgin Active Limited
£18k - Industry AVG
Efficiency
resulting in sales per employee of £47.4k, this is equally as efficient (£54.5k)
£47.4k - Virgin Active Limited
£54.5k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (12 days)
4 days - Virgin Active Limited
12 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (53 days)
34 days - Virgin Active Limited
53 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (22 days)
3 days - Virgin Active Limited
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (94 weeks)
4 weeks - Virgin Active Limited
94 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.9%, this is a higher level of debt than the average (31.4%)
71.9% - Virgin Active Limited
31.4% - Industry AVG
VIRGIN ACTIVE LIMITED financials
Virgin Active Limited's latest turnover from December 2022 is £105.6 million and the company has net assets of £133.7 million. According to their latest financial statements, Virgin Active Limited has 2,230 employees and maintains cash reserves of £9.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 105,641,000 | 66,887,000 | 67,163,000 | 168,659,000 | 168,566,000 | 175,478,000 | 173,948,000 | 169,733,000 | 322,548,000 | 73,823,000 | 73,120,000 | 71,261,000 | 72,958,000 | 73,048,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -36,214,000 | 69,933,000 | -213,680,000 | 12,132,000 | 2,244,000 | -6,359,000 | -13,006,000 | -16,699,000 | 10,644,000 | 532,000 | -1,552,000 | 7,417,000 | 13,847,000 | 12,256,000 |
| Interest Payable | 11,483,000 | 11,997,000 | 11,877,000 | 13,607,000 | 1,182,000 | 6,368,000 | 16,568,000 | 21,360,000 | 15,498,000 | 53,341,000 | 35,412,000 | 22,838,000 | 10,868,000 | 8,148,000 |
| Interest Receivable | 4,904,000 | 2,282,000 | 2,824,000 | 2,670,000 | 2,778,000 | 2,932,000 | 5,369,000 | 6,020,000 | 51,866,000 | 31,790,000 | 20,196,000 | 9,238,000 | 9,547,000 | |
| Pre-Tax Profit | -42,793,000 | 60,218,000 | -222,733,000 | 1,195,000 | 2,650,000 | -9,949,000 | -25,640,000 | -36,082,000 | -8,271,000 | 1,048,000 | -8,515,000 | 4,140,000 | 8,641,000 | 10,074,000 |
| Tax | 687,000 | 1,399,000 | 47,000 | -2,375,000 | 2,026,000 | 1,943,000 | -2,099,000 | 2,418,000 | 3,080,000 | 14,163,000 | 8,223,000 | -3,810,000 | -4,390,000 | 1,108,000 |
| Profit After Tax | -42,106,000 | 61,617,000 | -222,686,000 | -1,180,000 | 4,676,000 | -8,006,000 | -27,739,000 | -33,664,000 | -5,191,000 | 15,211,000 | -292,000 | 330,000 | 4,251,000 | 11,182,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -42,106,000 | 61,617,000 | -222,686,000 | -1,180,000 | 4,676,000 | 30,391,000 | -27,739,000 | -33,664,000 | -5,191,000 | 15,211,000 | -292,000 | 330,000 | 4,251,000 | 11,182,000 |
| Employee Costs | 45,771,000 | 47,316,000 | 49,385,000 | 55,173,000 | 59,785,000 | 69,479,000 | 97,683,000 | 107,459,000 | 113,079,000 | 26,910,000 | 29,501,000 | 33,285,000 | 32,592,000 | 28,885,000 |
| Number Of Employees | 2,230 | 2,349 | 2,377 | 3,045 | 3,192 | 4,999 | 6,619 | 7,648 | 7,672 | 2,045 | 2,013 | 2,001 | 1,905 | 1,825 |
| EBITDA* | -12,110,000 | 93,801,000 | -1,545,000 | 83,337,000 | 14,664,000 | 9,500,000 | 5,514,000 | 1,117,000 | 26,837,000 | 7,883,000 | 5,208,000 | 13,999,000 | 19,724,000 | 19,693,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 426,168,000 | 454,950,000 | 457,962,000 | 462,974,000 | 164,293,000 | 169,887,000 | 176,829,000 | 231,744,000 | 216,165,000 | 185,024,000 | 69,433,000 | 69,834,000 | 61,463,000 | 63,595,000 |
| Intangible Assets | 53,648,000 | 59,539,000 | 60,643,000 | 112,848,000 | 134,467,000 | 147,266,000 | 174,567,000 | 235,853,000 | 255,531,000 | 248,290,000 | -3,200,000 | -3,464,000 | -3,728,000 | -3,992,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 192,374,000 | 178,649,000 | 96,005,000 | 35,664,000 | 0 | 0 | 0 | 0 | 0 | 14,163,000 | 0 | 10,653,000 | 10,653,000 | 10,563,000 |
| Total Fixed Assets | 458,506,000 | 493,832,000 | 437,257,000 | 575,822,000 | 298,760,000 | 317,153,000 | 351,396,000 | 467,597,000 | 471,696,000 | 447,477,000 | 66,233,000 | 77,023,000 | 68,388,000 | 70,166,000 |
| Stock & work in progress | 380,000 | 386,000 | 467,000 | 486,000 | 933,000 | 1,030,000 | 1,192,000 | 2,277,000 | 2,289,000 | 3,132,000 | 1,635,000 | 1,574,000 | 700,000 | 696,000 |
| Trade Debtors | 1,337,000 | 1,377,000 | 2,035,000 | 3,716,000 | 1,943,000 | 2,241,000 | 101,251,000 | 2,904,000 | 4,599,000 | 3,012,000 | 768,000 | 504,000 | 517,000 | 455,000 |
| Group Debtors | 0 | 0 | 0 | 79,567,000 | 0 | 25,825,000 | 13,883,000 | 104,146,000 | 898,382,000 | 753,720,000 | 811,024,000 | 504,665,000 | 403,789,000 | 277,922,000 |
| Misc Debtors | 2,916,000 | 343,000 | 3,386,000 | 6,546,000 | 0 | 695,000 | 1,347,000 | 913,000 | 1,315,000 | 22,560,000 | 7,496,000 | 7,027,000 | 8,102,000 | 6,274,000 |
| Cash | 9,616,000 | 6,485,000 | 10,230,000 | 342,000 | 653,000 | 3,033,000 | 1,727,000 | 3,274,000 | 20,398,000 | 0 | 0 | 4,199,000 | 539,000 | 26,128,000 |
| misc current assets | 3,119,000 | 4,233,000 | 0 | 0 | 10,812,000 | 10,333,000 | 61,641,000 | 18,416,000 | 16,532,000 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,368,000 | 12,824,000 | 16,118,000 | 90,657,000 | 67,165,000 | 43,157,000 | 181,041,000 | 131,930,000 | 943,515,000 | 782,424,000 | 820,923,000 | 517,969,000 | 413,647,000 | 311,475,000 |
| total assets | 475,874,000 | 506,656,000 | 453,375,000 | 666,479,000 | 365,925,000 | 360,310,000 | 532,437,000 | 599,527,000 | 1,415,211,000 | 1,229,901,000 | 887,156,000 | 594,992,000 | 482,035,000 | 381,641,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1,400,000 | 0 | 0 | 0 | 0 | 7,388,000 | 2,739,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,827,000 | 2,195,000 | 5,553,000 | 2,184,000 | 3,866,000 | 6,291,000 | 7,517,000 | 10,738,000 | 11,410,000 | 11,227,000 | 7,333,000 | 3,461,000 | 1,919,000 | 1,241,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111,000 | 0 | 1,049,906,000 | 760,126,000 | 464,538,000 | 365,691,000 | 277,881,000 |
| other short term finances | 0 | 0 | 0 | 0 | 105,552,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 21,565,000 | 23,536,000 | 42,315,000 | 24,305,000 | 0 | 4,732,000 | 217,000 | 48,000 | 42,000 | 139,000 | 170,000 | 137,000 | 66,000 | 0 |
| other current liabilities | 93,186,000 | 67,647,000 | 115,438,000 | 127,762,000 | 0 | 129,683,000 | 329,322,000 | 475,956,000 | 1,294,288,000 | 50,350,000 | 23,020,000 | 35,029,000 | 22,812,000 | 15,450,000 |
| total current liabilities | 118,578,000 | 93,378,000 | 163,306,000 | 154,251,000 | 143,350,000 | 140,706,000 | 337,056,000 | 486,853,000 | 1,305,740,000 | 1,119,010,000 | 793,388,000 | 503,165,000 | 390,488,000 | 294,572,000 |
| loans | 437,092,000 | 459,268,000 | 665,730,000 | 680,462,000 | 0 | 22,394,000 | 109,308,000 | 208,994,000 | 168,188,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 218,546,000 | 229,634,000 | 332,865,000 | 340,231,000 | 0 | 11,197,000 | 54,654,000 | 86,294,000 | 84,094,000 | 84,000 | 227,000 | 172,000 | 222,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,524,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 36,996,000 | 170,000 | 1,318,000 | 1,425,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 10,084,000 | 15,662,000 | 25,192,000 | 9,406,000 | 0 | 19,434,000 | 19,598,000 | 17,232,000 | 9,060,000 | 2,709,000 | 2,178,000 | 0 | 0 | 0 |
| total long term liabilities | 223,588,000 | 237,465,000 | 345,461,000 | 344,934,000 | 55,930,000 | 57,910,000 | 64,623,000 | 132,634,000 | 90,049,000 | 4,317,000 | 2,405,000 | 172,000 | 222,000 | 0 |
| total liabilities | 342,166,000 | 330,843,000 | 508,767,000 | 499,185,000 | 199,280,000 | 198,616,000 | 401,679,000 | 619,487,000 | 1,395,789,000 | 1,123,327,000 | 795,793,000 | 503,337,000 | 390,710,000 | 294,572,000 |
| net assets | 133,708,000 | 175,813,000 | -55,392,000 | 167,294,000 | 166,645,000 | 161,694,000 | 130,758,000 | -19,960,000 | 19,422,000 | 106,574,000 | 91,363,000 | 91,655,000 | 91,325,000 | 87,069,000 |
| total shareholders funds | 133,708,000 | 175,813,000 | -55,392,000 | 167,294,000 | 166,645,000 | 161,694,000 | 130,758,000 | -19,960,000 | 19,422,000 | 106,574,000 | 91,363,000 | 91,655,000 | 91,325,000 | 87,069,000 |
| 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 | -36,214,000 | 69,933,000 | -213,680,000 | 12,132,000 | 2,244,000 | -6,359,000 | -13,006,000 | -16,699,000 | 10,644,000 | 532,000 | -1,552,000 | 7,417,000 | 13,847,000 | 12,256,000 |
| Depreciation | 21,703,000 | 21,358,000 | 158,977,000 | 48,018,000 | 12,420,000 | 13,547,000 | 16,895,000 | 17,775,000 | 15,928,000 | 7,087,000 | 6,496,000 | 6,318,000 | 5,613,000 | 7,173,000 |
| Amortisation | 2,401,000 | 2,510,000 | 53,158,000 | 23,187,000 | 2,312,000 | 1,625,000 | 41,000 | 265,000 | 264,000 | 264,000 | 264,000 | 264,000 | 264,000 | |
| Tax | 687,000 | 1,399,000 | 47,000 | -2,375,000 | 2,026,000 | 1,943,000 | -2,099,000 | 2,418,000 | 3,080,000 | 14,163,000 | 8,223,000 | -3,810,000 | -4,390,000 | 1,108,000 |
| Stock | -6,000 | -81,000 | -19,000 | -447,000 | -97,000 | -162,000 | -1,085,000 | -12,000 | -843,000 | 1,497,000 | 61,000 | 874,000 | 4,000 | 696,000 |
| Debtors | 16,258,000 | 78,943,000 | -24,067,000 | 123,550,000 | -26,818,000 | -87,720,000 | 8,518,000 | -796,333,000 | 110,841,000 | -25,833,000 | 296,439,000 | 99,788,000 | 127,847,000 | 295,214,000 |
| Creditors | 1,632,000 | -3,358,000 | 3,369,000 | -1,682,000 | -2,425,000 | -1,226,000 | -3,221,000 | -672,000 | 183,000 | 3,894,000 | 3,872,000 | 1,542,000 | 678,000 | 1,241,000 |
| Accruals and Deferred Income | 25,539,000 | -47,791,000 | -12,324,000 | 127,762,000 | -129,683,000 | -199,639,000 | -146,634,000 | -818,332,000 | 1,242,414,000 | 28,854,000 | -12,009,000 | 12,217,000 | 7,362,000 | 15,450,000 |
| Deferred Taxes & Provisions | -5,578,000 | -9,530,000 | 15,786,000 | 9,406,000 | -19,434,000 | -164,000 | 2,366,000 | 8,172,000 | 6,351,000 | 531,000 | 2,178,000 | 0 | 0 | 0 |
| Cash flow from operations | -6,082,000 | -44,341,000 | 29,419,000 | 93,345,000 | -101,704,000 | -151,507,000 | -10,952,000 | 1,168,867,000 | 79,661,000 | -289,028,000 | -76,714,000 | -104,477,000 | -258,418,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -111,000 | 111,000 | -1,049,906,000 | 289,780,000 | 295,588,000 | 98,847,000 | 87,810,000 | 277,881,000 |
| Other Short Term Loans | 0 | 0 | 0 | -105,552,000 | 105,552,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -22,176,000 | -206,462,000 | -14,732,000 | 680,462,000 | -22,394,000 | -86,914,000 | -99,686,000 | 40,806,000 | 168,188,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -13,059,000 | -122,010,000 | 10,644,000 | 364,536,000 | -15,929,000 | -38,942,000 | -31,471,000 | 2,206,000 | 83,913,000 | -174,000 | 88,000 | 21,000 | 288,000 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -36,996,000 | 36,826,000 | -1,148,000 | -107,000 | 1,425,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -6,579,000 | -9,715,000 | -9,053,000 | -10,937,000 | -3,590,000 | -13,636,000 | -15,991,000 | -9,478,000 | -1,475,000 | -3,622,000 | -2,642,000 | -1,630,000 | 1,399,000 | |
| cash flow from financing | -41,813,000 | -168,599,000 | -13,141,000 | 930,338,000 | -92,075,000 | 32,405,000 | 21,307,000 | -887,819,000 | 288,131,000 | 292,054,000 | 96,226,000 | 86,473,000 | 355,167,000 | |
| cash and cash equivalents | ||||||||||||||
| cash | 3,131,000 | -3,745,000 | 9,888,000 | -311,000 | -2,380,000 | 1,306,000 | -1,547,000 | -17,124,000 | 20,398,000 | 0 | -4,199,000 | 3,660,000 | -25,589,000 | 26,128,000 |
| overdraft | 0 | 0 | 0 | -1,400,000 | 1,400,000 | 0 | 0 | 0 | -7,388,000 | 4,649,000 | 2,739,000 | 0 | 0 | 0 |
| change in cash | 3,131,000 | -3,745,000 | 9,888,000 | 1,089,000 | -3,780,000 | 1,306,000 | -1,547,000 | -17,124,000 | 27,786,000 | -4,649,000 | -6,938,000 | 3,660,000 | -25,589,000 | 26,128,000 |
virgin active limited Credit Report and Business Information
Virgin Active Limited Competitor Analysis
Perform a competitor analysis for virgin active limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
virgin active limited Ownership
VIRGIN ACTIVE LIMITED group structure
Virgin Active Limited has no subsidiary companies.
Ultimate parent company
BRAIT SE
#0087186
2 parents
VIRGIN ACTIVE LIMITED
03448441
virgin active limited directors
Virgin Active Limited currently has 4 directors. The longest serving directors include Mr Andrew Scobie (May 2022) and Mr Luca Valotta (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Scobie | England | 40 years | May 2022 | - | Director |
| Mr Luca Valotta | England | 54 years | Dec 2022 | - | Director |
| Mr Luca Sommaruga | Italy | 41 years | Dec 2023 | - | Director |
| Mr Nicholas King | England | 51 years | Dec 2023 | - | Director |
P&L
December 2022turnover
105.6m
+58%
operating profit
-36.2m
-152%
gross margin
61.8%
+0.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
133.7m
-0.24%
total assets
475.9m
-0.06%
cash
9.6m
+0.48%
net assets
Total assets minus all liabilities
Similar Companies
virgin active limited company details
company number
03448441
Type
Private limited with Share Capital
industry
93290 - Other amusement and recreation activities
incorporation date
October 1997
age
27
accounts
Full Accounts
ultimate parent company
previous names
chartmix limited (December 1997)
incorporated
UK
address
26 little trinity lane, mansion house, london, EC4V 2AR
last accounts submitted
December 2022
virgin active 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 18 charges/mortgages relating to virgin active limited. Currently there are 4 open charges and 14 have been satisfied in the past.
virgin active limited Companies House Filings - See Documents
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