VIRGIN ENTERPRISES LIMITED

Company Information

Company Number
01073929
Registered Address
66 Porchester Road, London, United Kingdom, W2 6ET
Status
Active
Employee Count
30.0
Turnover
78525000.0
EBITDA
58111000.0

Additional Details

Company Type
Private limited Company
Incorporated On
27 September 1972
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
0
Region
London

Company Location

Google
Map data ©2025
Map data ©2025

Financial Metrics

Cash
£2,445,000.00
Net Worth
£28,547,000.00
Total Current Assets
£68,332,000.00
Total Current Liabilities
£21,191,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-31

Time to Pay

Average Time to Pay
15 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
97%
31-60 Days
3%
After 60 Days
0%
Not Paid Within Terms16%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 201806121824

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202331 Jan 20241597%3%0%16%
01 Jan 2023 - 30 Jun 202328 Jul 20231495%5%0%14%
01 Jul 2022 - 31 Dec 202224 Jan 20231496%3%1%6%
01 Jan 2022 - 30 Jun 202213 Jul 20221794%5%1%12%
01 Jul 2021 - 31 Dec 202112 Jan 20221992%6%2%17%
01 Jan 2021 - 30 Jun 202107 Jul 20212090%9%1%15%
01 Jul 2020 - 31 Dec 202019 Jan 20212288%9%3%20%
01 Jan 2020 - 30 Jun 202010 Jul 20201992%6%2%18%
01 Jul 2019 - 31 Dec 201903 Feb 20201889%10%1%21%
01 Jan 2019 - 30 Jun 201918 Jul 20191593%5%2%19%
01 Jul 2018 - 31 Dec 201817 Apr 20191492%6%2%19%
01 Jan 2018 - 30 Jun 201826 Jul 20181492%7%1%15%

Company Summary

VIRGIN ENTERPRISES LIMITED is a multinational corporation founded by Sir Richard Branson in 1970

The company is headquartered in London, England and is known for its diverse range of products and services, including travel, entertainment, telecommunications, and healthcare

Sustainability is a key focus for VIRGIN ENTERPRISES LIMITED, with the company's mission being to "create positive change in the world." They have implemented various initiatives to reduce their environmental impact, such as using renewable energy sources and promoting sustainable transportation options

They also have a strong commitment to social responsibility, supporting various charities and community projects

VIRGIN ENTERPRISES LIMITED offers a wide range of products and services under its various subsidiaries, including Virgin Atlantic Airways, Virgin Mobile, Virgin Hotels, and Virgin Galactic

They also have a strong presence in the entertainment industry through Virgin Records and Virgin Media

The key people at VIRGIN ENTERPRISES LIMITED include founder and chairman Sir Richard Branson, CEO Josh Bayliss, and COO Amy Stirling

They are known for their innovative and entrepreneurial approach to business

In terms of contact information, VIRGIN ENTERPRISES LIMITED can be reached through their website, www.virgin.com, where customers can access information about their products and services, as well as their sustainability efforts

The registered office address for the company is 120 Campden Hill Road, London, W8 7AR, United Kingdom

In summary, VIRGIN ENTERPRISES LIMITED is a multinational corporation with a strong focus on sustainability and social responsibility

They offer a diverse range of products and services and are led by a team of innovative and entrepreneurial individuals

Customers can access information about the company and its offerings through their website or by contacting their registered office in London

Company Review

Trend Analysis

The trend for Virgin Enterprises Limited's average time to pay invoices has been gradually increasing since 2018, reaching a peak in 2020 and then slightly decreasing in 2021 and 2022. The percentage of invoices paid within 30 days has remained consistently high, while the percentage of invoices paid between 31 and 60 days has fluctuated but generally stayed below 10%. The percentage of invoices paid later than 60 days has been consistently low, with a slight increase in 2020 and 2021. Overall, there has been a slight increase in the percentage of invoices not paid within agreed terms since 2018.

Volatility Analysis

The average time to pay invoices for Virgin Enterprises Limited has shown a relatively stable trend, with only minor fluctuations each period. However, there has been some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days, with some periods showing larger changes than others. The percentage of invoices paid later than 60 days has also shown some volatility, with a slight increase in 2020 and 2021. The percentage of invoices not paid within agreed terms has shown some volatility, with an overall increase since 2018.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

It is VEL's policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The Company normally settles trade payables on 30 day terms however variations to these terms do exist based on agreements with certain suppliers.

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone's satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our accounts payable team, it would then escalate in the first instance to the relevant Head of Department to seek a resolution.

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

BESbswy