virgin atlantic international limited

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virgin atlantic international limited Company Information

Share VIRGIN ATLANTIC INTERNATIONAL LIMITED

Company Number

09539561

Directors

Shai Weiss

Edward Bastian

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Shareholders

vaa holdings jersey ltd

Group Structure

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Industry

Scheduled passenger air transport

 

Registered Address

company secretariat - the vhq, fleming way, crawley, west sussex, RH10 9DF

virgin atlantic international limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of VIRGIN ATLANTIC INTERNATIONAL LIMITED at £1.9m based on a Turnover of £4.7m and 0.4x industry multiple (adjusted for size and gross margin).

virgin atlantic international limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of VIRGIN ATLANTIC INTERNATIONAL LIMITED at £1.4m based on an EBITDA of £547k and a 2.54x industry multiple (adjusted for size and gross margin).

virgin atlantic international limited Estimated Valuation

£0

Pomanda estimates the enterprise value of VIRGIN ATLANTIC INTERNATIONAL LIMITED at £0 based on Net Assets of £-40.5m and 2.57x industry multiple (adjusted for liquidity).

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Virgin Atlantic International Limited Overview

Virgin Atlantic International Limited is a live company located in crawley, RH10 9DF with a Companies House number of 09539561. It operates in the scheduled passenger air transport sector, SIC Code 51101. Founded in April 2015, it's largest shareholder is vaa holdings jersey ltd with a 100% stake. Virgin Atlantic International Limited is a established, small sized company, Pomanda has estimated its turnover at £4.7m with declining growth in recent years.

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Virgin Atlantic International Limited Health Check

Pomanda's financial health check has awarded Virgin Atlantic International Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £4.7m, make it smaller than the average company (£41.3m)

£4.7m - Virgin Atlantic International Limited

£41.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.4%)

-2% - Virgin Atlantic International Limited

4.4% - Industry AVG

production

Production

with a gross margin of 13.5%, this company has a comparable cost of product (14.4%)

13.5% - Virgin Atlantic International Limited

14.4% - Industry AVG

profitability

Profitability

an operating margin of 11.7% make it more profitable than the average company (3.3%)

11.7% - Virgin Atlantic International Limited

3.3% - Industry AVG

employees

Employees

with 17 employees, this is below the industry average (181)

17 - Virgin Atlantic International Limited

181 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Virgin Atlantic International Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £276.3k, this is equally as efficient (£288.3k)

£276.3k - Virgin Atlantic International Limited

£288.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Virgin Atlantic International Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1833 days, this is slower than average (45 days)

1833 days - Virgin Atlantic International Limited

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Virgin Atlantic International Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 90 weeks, this is more cash available to meet short term requirements (8 weeks)

90 weeks - Virgin Atlantic International Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 107.6%, this is a higher level of debt than the average (75.6%)

107.6% - Virgin Atlantic International Limited

75.6% - Industry AVG

VIRGIN ATLANTIC INTERNATIONAL LIMITED financials

EXPORTms excel logo

Virgin Atlantic International Limited's latest turnover from December 2023 is £4.7 million and the company has net assets of -£40.5 million. According to their latest financial statements, we estimate that Virgin Atlantic International Limited has 17 employees and maintains cash reserves of £35.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Turnover4,697,0004,691,00028,461,0004,990,0007,013,0008,613,00021,981,0004,870,000638,000
Other Income Or Grants
Cost Of Sales4,061,00015,361,00059,875,00024,045,000
Gross Profit636,000-10,670,00028,461,000-54,885,0007,013,0008,613,00021,981,000-19,175,000638,000
Admin Expenses89,000135,000-28,885,391-26,135,109-28,840,456-29,681,754-28,439,551-31,567,2703,000
Operating Profit547,000-10,805,00057,346,391-28,749,89135,853,45638,294,75450,420,55112,392,270635,000
Interest Payable24,452,00024,539,00019,478,00021,316,00018,524,00017,596,00017,814,00017,462,0001,206,000
Interest Receivable24,455,00024,542,00019,764,00020,455,00017,778,00017,732,00017,798,00017,492,0001,206,000
Pre-Tax Profit550,000-10,802,00028,320,000-55,815,0006,077,0008,515,00021,735,000-19,145,000635,000
Tax-4,286,000-1,155,000-1,618,000-4,183,0003,829,000-129,000
Profit After Tax550,000-10,802,00024,034,000-55,815,0004,922,0006,897,00017,552,000-15,316,000506,000
Dividends Paid2,750,00010,250,000
Retained Profit550,000-10,802,00024,034,000-58,565,000-5,328,0006,897,00017,552,000-15,316,000506,000
Employee Costs169,885
Number Of Employees172723624283994224
EBITDA*547,000-10,805,00057,346,391-28,749,89135,853,45638,294,75450,420,55112,392,270635,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors442,730,000
Group Debtors498,488,000504,475,000519,504,000487,891,000434,323,000428,941,000408,549,000425,244,000
Misc Debtors3,701,000
Cash35,682,00037,439,00033,361,00037,610,00026,525,00028,853,00025,718,00023,319,00020,815,000
misc current assets
total current assets534,170,000541,914,000552,865,000525,501,000469,255,000463,176,000454,659,000435,569,000446,059,000
total assets534,170,000541,914,000552,865,000525,501,000469,255,000463,176,000454,659,000435,569,000446,059,000
Bank overdraft
Bank loan
Trade Creditors 20,403,000
Group/Directors Accounts28,697,0006,164,0001,335,000
other short term finances
hp & lease commitments
other current liabilities138,869,000135,539,00020,728,0009,321,0007,701,0003,000
total current liabilities20,403,00028,697,000138,869,000135,539,00020,728,0009,321,0007,701,0006,164,0001,338,000
loans554,239,000554,239,000444,216,000444,216,000444,216,000444,216,000444,216,000444,215,000444,215,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities554,239,000554,239,000444,216,000444,216,000444,216,000444,216,000444,216,000444,215,000444,215,000
total liabilities574,642,000582,936,000583,085,000579,755,000464,944,000453,537,000451,917,000450,379,000445,553,000
net assets-40,472,000-41,022,000-30,220,000-54,254,0004,311,0009,639,0002,742,000-14,810,000506,000
total shareholders funds-40,472,000-41,022,000-30,220,000-54,254,0004,311,0009,639,0002,742,000-14,810,000506,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Operating Activities
Operating Profit547,000-10,805,00057,346,391-28,749,89135,853,45638,294,75450,420,55112,392,270635,000
Depreciation
Amortisation
Tax-4,286,000-1,155,000-1,618,000-4,183,0003,829,000-129,000
Stock
Debtors-5,987,000-15,029,00031,613,00045,161,0008,407,0005,382,00016,691,000-12,994,000425,244,000
Creditors20,403,000
Accruals and Deferred Income-138,869,0003,330,000114,811,00011,407,0001,620,0007,701,000-3,0003,000
Deferred Taxes & Provisions
Cash flow from operations26,937,000-134,645,00024,777,39140,900,10937,698,45632,914,75437,247,55129,212,270-424,735,000
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-28,697,00028,697,000-6,164,0004,829,0001,335,000
Other Short Term Loans
Long term loans110,023,0001,000444,215,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest3,0003,000286,000-861,000-746,000136,000-16,00030,000
cash flow from financing-28,694,000138,723,000286,000-861,000-746,000136,000-6,179,0004,859,000445,550,000
cash and cash equivalents
cash-1,757,0004,078,000-4,249,00011,085,000-2,328,0003,135,0002,399,0002,504,00020,815,000
overdraft
change in cash-1,757,0004,078,000-4,249,00011,085,000-2,328,0003,135,0002,399,0002,504,00020,815,000

virgin atlantic international limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Virgin Atlantic International Limited Competitor Analysis

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Perform a competitor analysis for virgin atlantic international limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in RH10 area or any other competitors across 12 key performance metrics.

virgin atlantic international limited Ownership

VIRGIN ATLANTIC INTERNATIONAL LIMITED group structure

Virgin Atlantic International Limited has no subsidiary companies.

Ultimate parent company

VIRGIN GROUP HOLDINGS LTD

#0023023

VAA HOLDINGS JERSEY LTD

#0027213

2 parents

VIRGIN ATLANTIC INTERNATIONAL LIMITED

09539561

VIRGIN ATLANTIC INTERNATIONAL LIMITED Shareholders

vaa holdings jersey ltd 100%

virgin atlantic international limited directors

Virgin Atlantic International Limited currently has 16 directors. The longest serving directors include Mr Shai Weiss (May 2015) and Mr Edward Bastian (May 2015).

officercountryagestartendrole
Mr Shai WeissUnited Kingdom57 years May 2015- Director
Mr Edward BastianUnited Kingdom67 years May 2015- Director
Sir Richard Branson74 years May 2015- Director
Mr Peter NorrisUnited Kingdom70 years May 2015- Director
Mr Cornelis KosterUnited Kingdom53 years Aug 2017- Director
Mr Juha JarvinenUnited Kingdom49 years Jul 2019- Director
Mr Oliver ByersUnited Kingdom40 years Sep 2020- Director
Mr Luigi BrambillaUnited Kingdom41 years Jan 2021- Director
Mr Luigi Brambilla41 years Jan 2021- Director
Mr Alain BellemareUnited Kingdom63 years Feb 2021- Director

P&L

December 2023

turnover

4.7m

0%

operating profit

547k

-105%

gross margin

13.6%

-105.95%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-40.5m

-0.01%

total assets

534.2m

-0.01%

cash

35.7m

-0.05%

net assets

Total assets minus all liabilities

virgin atlantic international limited company details

company number

09539561

Type

Private limited with Share Capital

industry

51101 - Scheduled passenger air transport

incorporation date

April 2015

age

10

incorporated

UK

ultimate parent company

VIRGIN GROUP HOLDINGS LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

fdn1 limited (June 2015)

accountant

-

auditor

KPMG LLP

address

company secretariat - the vhq, fleming way, crawley, west sussex, RH10 9DF

Bank

-

Legal Advisor

-

virgin atlantic international 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 23 charges/mortgages relating to virgin atlantic international limited. Currently there are 3 open charges and 20 have been satisfied in the past.

virgin atlantic international 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.

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virgin atlantic international limited Companies House Filings - See Documents

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