virgin atlantic international limited
virgin atlantic international limited Company Information
Company Number
09539561
Website
www.virgin-atlantic.comRegistered Address
company secretariat - the vhq, fleming way, crawley, west sussex, RH10 9DF
Industry
Scheduled passenger air transport
Telephone
03448110000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
vaa holdings jersey ltd 100%
virgin atlantic international limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ATLANTIC INTERNATIONAL LIMITED at £0 based on a Turnover of £4.7m and -3.36x industry multiple (adjusted for size and gross margin).
virgin atlantic international limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ATLANTIC INTERNATIONAL LIMITED at £233m based on an EBITDA of £-10.8m and a -21.56x industry multiple (adjusted for size and gross margin).
virgin atlantic international limited Estimated Valuation
Pomanda estimates the enterprise value of VIRGIN ATLANTIC INTERNATIONAL LIMITED at £0 based on Net Assets of £-41m and 2.7x 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 young, 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 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
6 Weak
Size
annual sales of £4.7m, make it smaller than the average company (£22.7m)
£4.7m - Virgin Atlantic International Limited
£22.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (-5.4%)
-13% - Virgin Atlantic International Limited
-5.4% - Industry AVG
Production
with a gross margin of -227.5%, this company has a higher cost of product (7.8%)
-227.5% - Virgin Atlantic International Limited
7.8% - Industry AVG
Profitability
an operating margin of -230.3% make it less profitable than the average company (-0.4%)
-230.3% - Virgin Atlantic International Limited
-0.4% - Industry AVG
Employees
with 24 employees, this is below the industry average (159)
- Virgin Atlantic International Limited
159 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Virgin Atlantic International Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £195.5k, this is equally as efficient (£198.2k)
- Virgin Atlantic International Limited
£198.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Virgin Atlantic International Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Virgin Atlantic International Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Virgin Atlantic International Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 67 weeks, this is more cash available to meet short term requirements (9 weeks)
67 weeks - Virgin Atlantic International Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.6%, this is a higher level of debt than the average (73.6%)
107.6% - Virgin Atlantic International Limited
73.6% - Industry AVG
VIRGIN ATLANTIC INTERNATIONAL LIMITED financials
Virgin Atlantic International Limited's latest turnover from December 2022 is £4.7 million and the company has net assets of -£41 million. According to their latest financial statements, we estimate that Virgin Atlantic International Limited has 24 employees and maintains cash reserves of £37.4 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 4,691,000 | 28,461,000 | 4,990,000 | 7,013,000 | 8,613,000 | 21,981,000 | 4,870,000 | 638,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 15,361,000 | 0 | 59,875,000 | 0 | 0 | 0 | 24,045,000 | 0 |
| Gross Profit | -10,670,000 | 28,461,000 | -54,885,000 | 7,013,000 | 8,613,000 | 21,981,000 | -19,175,000 | 638,000 |
| Admin Expenses | 135,000 | 3,000 | ||||||
| Operating Profit | -10,805,000 | 635,000 | ||||||
| Interest Payable | 24,539,000 | 19,478,000 | 21,316,000 | 18,524,000 | 17,596,000 | 17,814,000 | 17,462,000 | 1,206,000 |
| Interest Receivable | 24,542,000 | 19,764,000 | 20,455,000 | 17,778,000 | 17,732,000 | 17,798,000 | 17,492,000 | 1,206,000 |
| Pre-Tax Profit | -10,802,000 | 28,320,000 | -55,815,000 | 6,077,000 | 8,515,000 | 21,735,000 | -19,145,000 | 635,000 |
| Tax | 0 | -4,286,000 | 0 | -1,155,000 | -1,618,000 | -4,183,000 | 3,829,000 | -129,000 |
| Profit After Tax | -10,802,000 | 24,034,000 | -55,815,000 | 4,922,000 | 6,897,000 | 17,552,000 | -15,316,000 | 506,000 |
| Dividends Paid | 0 | 0 | 2,750,000 | 10,250,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -10,802,000 | 24,034,000 | -58,565,000 | -5,328,000 | 6,897,000 | 17,552,000 | -15,316,000 | 506,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | ||||||||
| EBITDA* | -10,805,000 | 635,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 442,730,000 | 0 | 0 | 0 | 0 |
| Group Debtors | 504,475,000 | 519,504,000 | 487,891,000 | 0 | 434,323,000 | 428,941,000 | 408,549,000 | 425,244,000 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 3,701,000 | 0 |
| Cash | 37,439,000 | 33,361,000 | 37,610,000 | 26,525,000 | 28,853,000 | 25,718,000 | 23,319,000 | 20,815,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 541,914,000 | 552,865,000 | 525,501,000 | 469,255,000 | 463,176,000 | 454,659,000 | 435,569,000 | 446,059,000 |
| total assets | 541,914,000 | 552,865,000 | 525,501,000 | 469,255,000 | 463,176,000 | 454,659,000 | 435,569,000 | 446,059,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 28,697,000 | 0 | 0 | 0 | 0 | 0 | 6,164,000 | 1,335,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 138,869,000 | 135,539,000 | 20,728,000 | 9,321,000 | 7,701,000 | 0 | 3,000 |
| total current liabilities | 28,697,000 | 138,869,000 | 135,539,000 | 20,728,000 | 9,321,000 | 7,701,000 | 6,164,000 | 1,338,000 |
| loans | 554,239,000 | 444,216,000 | 444,216,000 | 444,216,000 | 444,216,000 | 444,216,000 | 444,215,000 | 444,215,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 554,239,000 | 444,216,000 | 444,216,000 | 444,216,000 | 444,216,000 | 444,216,000 | 444,215,000 | 444,215,000 |
| total liabilities | 582,936,000 | 583,085,000 | 579,755,000 | 464,944,000 | 453,537,000 | 451,917,000 | 450,379,000 | 445,553,000 |
| net assets | -41,022,000 | -30,220,000 | -54,254,000 | 4,311,000 | 9,639,000 | 2,742,000 | -14,810,000 | 506,000 |
| total shareholders funds | -41,022,000 | -30,220,000 | -54,254,000 | 4,311,000 | 9,639,000 | 2,742,000 | -14,810,000 | 506,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -10,805,000 | 635,000 | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -4,286,000 | 0 | -1,155,000 | -1,618,000 | -4,183,000 | 3,829,000 | -129,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -15,029,000 | 31,613,000 | 45,161,000 | 8,407,000 | 5,382,000 | 16,691,000 | -12,994,000 | 425,244,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -138,869,000 | 3,330,000 | 114,811,000 | 11,407,000 | 1,620,000 | 7,701,000 | -3,000 | 3,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -134,645,000 | -424,735,000 | ||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 28,697,000 | 0 | 0 | 0 | 0 | -6,164,000 | 4,829,000 | 1,335,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 110,023,000 | 0 | 0 | 0 | 0 | 1,000 | 0 | 444,215,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 3,000 | 286,000 | -861,000 | -746,000 | 136,000 | -16,000 | 30,000 | 0 |
| cash flow from financing | 138,723,000 | 286,000 | -861,000 | -746,000 | 136,000 | -6,179,000 | 4,859,000 | 445,550,000 |
| cash and cash equivalents | ||||||||
| cash | 4,078,000 | -4,249,000 | 11,085,000 | -2,328,000 | 3,135,000 | 2,399,000 | 2,504,000 | 20,815,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,078,000 | -4,249,000 | 11,085,000 | -2,328,000 | 3,135,000 | 2,399,000 | 2,504,000 | 20,815,000 |
virgin atlantic international limited Credit Report and Business Information
Virgin Atlantic International Limited Competitor Analysis
Perform a competitor analysis for virgin atlantic international limited by selecting its closest rivals and benchmarking them against 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 directors
Virgin Atlantic International Limited currently has 14 directors. The longest serving directors include Mr Edward Bastian (May 2015) and Mr Shai Weiss (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Bastian | United Kingdom | 67 years | May 2015 | - | Director |
| Mr Shai Weiss | United Kingdom | 56 years | May 2015 | - | Director |
| Sir Richard Branson | 73 years | May 2015 | - | Director | |
| Mr Peter Norris | 69 years | May 2015 | - | Director | |
| Mr Cornelis Koster | United Kingdom | 52 years | Aug 2017 | - | Director |
| Mr Juha Jarvinen | United Kingdom | 48 years | Jul 2019 | - | Director |
| Mr Oliver Byers | United Kingdom | 39 years | Sep 2020 | - | Director |
| Mr Luigi Brambilla | United Kingdom | 40 years | Jan 2021 | - | Director |
| Mr Luigi Brambilla | 40 years | Jan 2021 | - | Director | |
| Mr Alain Bellemare | United Kingdom | 63 years | Feb 2021 | - | Director |
P&L
December 2022turnover
4.7m
-84%
operating profit
-10.8m
0%
gross margin
-227.4%
-327.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-41m
+0.36%
total assets
541.9m
-0.02%
cash
37.4m
+0.12%
net assets
Total assets minus all liabilities
Similar Companies
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
9
accounts
Full Accounts
ultimate parent company
previous names
fdn1 limited (June 2015)
incorporated
UK
address
company secretariat - the vhq, fleming way, crawley, west sussex, RH10 9DF
last accounts submitted
December 2022
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 Companies House Filings - See Documents
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