Virgin Money UK Plc - Company Profile
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Virgin Money UK Plc (VMUK), formerly CYBG PLC (CYBG), is a provider of personal and commercial banking products and related financial solutions through Clydesdale Bank, Yorkshire Bank, and Virgin Money brands. The company offers a range of accounts and deposit services including current and savings accounts, term deposits, and business accounts; debt consolidation, loans for home improvement, home purchase, and mortgages; card products such as credit cards and debit cards; corporate financing; life and non-life insurance; foreign exchange services; treasury solutions; and digital banking solutions. It also provides investment and pension products, ISAs, unit trusts, wealth management, and private banking solutions. The company serves individual, corporate, high-net-worth, and SME clients through a network of branches, ATMs, and online portals in the UK. VMUK is headquartered in Glasgow, Scotland, the UK.
Headquarters
United Kingdom
Address
40 St Vincent Place, Glasgow, Scotland, G12HL
Website
www.virginmoneyukplc.com
Telephone
44 141 2487070
No of Employees
7,166
Industry
Financial Services
Ticker Symbol & Exchange
VMUK (LON)
Revenue (2022)
$5.0B
67.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-54.2%
(2022 vs 2021)
Market Cap*
$3.4B
Net Profit Margin (2022)
XYZ
-72.6%
(2022 vs 2021)
* As of and is in US$
Virgin Money UK Plc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Internet Banking | Clydesdale Bank |
| Current Account | Mobile Banking | Virgin Money |
| Tax Efficient Account | Telephone Banking | Yorkshire Bank |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company signed an agreement to be acquired by Nationwide Building Society. |
| 2024 | Plans/Strategy | In February, the company plans to acquire 50% stake of abrdn’s Virgin Money Unit Trust Managers Limited. |
| 2024 | New Products/Services | In January, the company launched a self-certification scheme to its Sustainable Business Coach. |
Competitor Comparison
| Key Parameters | Virgin Money UK Plc | HSBC Holdings Plc | Barclays Plc | Standard Chartered Plc | Lloyds Bank Plc |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| City | Glasgow | London | London | London | London |
| State/Province | Scotland | Greater London | England | England | England |
| No. of Employees | 7,166 | 220,861 | 92,400 | 84,958 | 57,180 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David Joseph Duffy | Chief Executive Officer; Director | Executive Board | 2015 | 63 |
| Clifford James Abrahams | Director; Chief Financial Officer - Group | Executive Board | 2021 | 57 |
| Sarah Wilkinson | Chief Operating Officer | Senior Management | 2023 | - |
| Susan Poot | Group Chief Risk Officer | Senior Management | 2022 | - |
| Syreeta Brown | Group Chief People and Communications Officer | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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