VIRGIN MONEY PLC
Company Information
- Company Number
- 06952311
- Registered Address
- Jubilee House, Gosforth, Newcastle Upon Tyne, NE3 4PL
- Status
- Active
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£36,000
Additional Details
- Website
- https://uk.virginmoney.com/
- Company Type
- Private limited Company
- Incorporated On
- 3 July 2009
- Nature of Business
- 74990 - Non-trading company
- Industries
- Financial Services
- Region
- North East
Company Review
Trend Analysis
The average time to pay for Virgin Money PLC has remained consistent at 20 days from 2018 to 2019. However, data for 2020 is missing and cannot be determined at this time.
Volatility Analysis
The percentage of invoices paid within 30 days has consistently been between 94% and 96% from 2018 to 2019, with a slight decrease in 2019. The percentage of invoices paid between 31 and 60 days has also been consistent, ranging from 2% to 4%. The percentage of invoices paid later than 60 days has remained low at 1% to 2%. The percentage of invoices not paid within agreed terms has also remained consistent at 8% for 2019. Data for 2020 is missing and cannot be determined at this time.
Summary Analysis
VIRGIN MONEY PLC has maintained an average time to pay of 20 days from 2018 to 2019. The percentage of invoices paid within 30 days has ranged from 94% to 96%, while the percentage of invoices paid between 31 and 60 days has remained between 2% to 4%. The company has also consistently kept the percentage of invoices paid later than 60 days at 1% to 2%. However, the percentage of invoices not paid within agreed terms has remained at 8%, indicating room for improvement in this area.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2020 - 30 Sept 2020 | 30 Oct 2020 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 17 Jan 2020 | 20 | 95% | 4% | 1% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 20 | 96% | 2% | 1% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 20 | 95% | 3% | 2% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 20 | 94% | 4% | 2% | 12% |
Payment Time Trends
Payment Distribution Trends
Company Summary
Virgin Money PLC is a financial services company based in the United Kingdom. The company was founded in 1995 by Sir Richard Branson and is headquartered in Edinburgh, Scotland. It offers a wide range of financial products and services, including savings accounts, mortgages, credit cards, insurance, and loans.
Sustainability is a key focus for Virgin Money PLC, with the company committing to reducing its environmental impact and promoting social responsibility. In 2020, they launched their Sustainability Strategy, which sets out their goals and targets for reducing their carbon footprint, promoting diversity and inclusion, and supporting local communities.
Some of the sustainable products and services offered by Virgin Money PLC include green savings accounts, which allow customers to support renewable energy projects, and a carbon offsetting option for their credit cards. The company also offers ethical investment options and has a partnership with the Eden Project to promote sustainable living.
The company is led by CEO David Duffy, who has over 30 years of experience in the financial industry. Their registered office address is located at Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL, United Kingdom.
Customers can access their products and services through their website, which also provides information on their sustainability program and initiatives. They also have a customer service team available for any inquiries or assistance. Overall, Virgin Money PLC is committed to providing financial services that not only meet the needs of their customers but also contribute to a more sustainable future.
