VIRGIN MEDIA LIMITED
Operating as part of the Virgin Media O2 joint venture between Liberty Global and Telefónica, the company is a major British provider of broadband internet, television, and fixed-line telephone services.
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Cash
£42m
-44.6% lowest in 3 filed years
Net assets
£7.1bn
+0.7% highest in 3 filed years
Employees
10,510
+0.7% highest in 3 filed years
Profit before tax
£361m
-11.4% vs 2024
Net assets
3-year trend · vs Industrials median
VIRGIN MEDIA LIMITED·Industrials median
VIRGIN MEDIA LIMITED·Industrials median
VIRGIN MEDIA LIMITED·Industrials median
VIRGIN MEDIA LIMITED·Industrials median
VIRGIN MEDIA LIMITED·Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £3,677,655,000 | £3,933,622,000 | £3,410,335,000 | -13.3% | |
| Operating profit | £306,505,000 | £384,437,000 | £309,850,000 | -19.4% | |
| Profit before tax | £344,793,000 | £407,562,000 | £361,245,000 | -11.4% | |
| Net profit | £26,942,000 | £128,000,000 | -£693,000 | -100.5% | |
| Cash | £46,350,000 | £75,056,000 | £41,552,000 | -44.6% | |
| Total assets less current liabilities | £7,330,607,000 | £7,466,875,000 | £7,522,442,000 | +0.7% | |
| Net assets | £6,915,806,000 | £7,025,029,000 | £7,075,922,000 | +0.7% | |
| Equity | £6,915,806,000 | £7,025,029,000 | £7,075,922,000 | +0.7% | |
| Average employees | 9,984 | 10,434 | 10,510 | +0.7% | |
| Wages | £635,609,000 | £636,274,000 | £637,272,000 | +0.2% | |
| Directors' remuneration | £7,391,000 | £9,941,000 | £11,969,000 | +20.4% | |
| Directors' pension contributions | £16,000 | £20,000 | £24,000 | +20% | |
| Highest paid director | £4,631,000 | £5,475,000 | £2,614,000 | -52.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 8.3% | 9.8% | 9.1% | |
| Net margin | 0.7% | 3.3% | -0.0% | |
| Return on capital employed | 4.2% | 5.1% | 4.1% | |
| Gearing (liabilities / total assets) | 37.5% | 38.2% | 38.8% | |
| Current ratio | 1.39x | 1.36x | 1.44x | |
| Interest cover | 15.81x | 11.35x | 12.04x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- VIRGIN MEDIA LIMITED 2007-02-08 → present
- NTL GROUP LIMITED 1991-10-09 → 2007-02-08
- 159TH SHELF INVESTMENT COMPANY LIMITED 1991-03-13 → 1991-10-09
Audit & accounting basis
- Accounting basis
- other
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis... VMED O2 UK Limited has formally indicated... its intention to support the Company... to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.”
Group structure
- VIRGIN MEDIA LIMITED · parent
- CableTel Herts and Beds Limited 100%
- CableTel Northern Ireland Limited 100%
- CableTel Surrey and Hampshire Limited 100%
- ntl Pension Trustees II Limited 100%
- Virgin Media Payments Ltd 100%
Significant events
- “On 1 August 2025, O2 Business Holdings Limited (formerly O2 Daisy Limited) which heads the O2 Business Group (formerly O2 Daisy group) (O2 Business) was acquired by a fellow Virgin Media O2 Group undertaking.”
- “In addition, the Company recognised a loan waiver of an intercompany creditor of £58,477 thousand within retained earnings following the waiver of an intercompany creditor by Virgin Media Business Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 74 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VMED O2 SECRETARIES LIMITED | Corporate Secretary | 2021-11-01 | — | — |
| MEDINA MALO, Enrique | Director | 2022-04-29 | Apr 1972 | Spanish |
| MELCON SANCHEZ-FRIERA, David | Director | 2026-04-02 | Aug 1970 | Spanish |
| SCHULER, Lutz Markus | Director | 2018-09-18 | Mar 1968 | German |
Show 74 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JAMES, Gillian Elizabeth | Secretary | 2000-09-04 | 2021-11-01 |
| LUBASCH, Richard Joel | Secretary | 2002-02-20 | 2002-05-03 |
| MACKENZIE, Robert Mario | Secretary | 1997-07-31 | 2011-09-16 |
| O'CONNOR, Thomas Kerry | Secretary | 1996-09-01 | 1997-07-31 |
| STOKES, Martin Howard | Secretary | 1991-10-11 | 1996-08-31 |
| SISEC LIMITED | Corporate Nominee Secretary | 1991-03-13 | 1991-10-11 |
| ARMITAGE, Ian | Director | 1991-10-24 | 1995-02-21 |
| BOYLE, Julia Louise | Director | 2021-10-01 | 2022-04-29 |
| BUTTERY, Paul Andrew | Director | 2014-03-11 | 2017-03-01 |
| CARTER, Stephen Andrew | Director | 2000-12-01 | 2002-02-20 |
| CASTELL, William Thomas | Director | 2019-09-09 | 2020-03-09 |
| CASTELL, William Thomas | Director | 2018-07-13 | 2018-09-01 |
| CHAMBERS, Derek Stanley | Director | 1991-10-09 | 1996-06-30 |
| COBIAN, Patricia | Director | 2021-10-01 | 2025-07-24 |
| CORBY, Caroline Frances | Director | 1993-04-27 | 1996-03-22 |
| DEW, Bryony | Director | 2000-05-27 | 2002-02-01 |
| DODDS, Jeffrey Noel | Director | 2019-06-14 | 2021-10-01 |
| DODDS, Jeffrey Noel | Director | 2018-09-18 | 2019-01-04 |
| DOUGLAS, Peter Gray | Director | 1998-06-30 | 2002-02-11 |
| DUNN, Robert Dominic | Director | 2013-06-07 | 2019-09-09 |
| EVANS, Robert George | Director | 2018-09-18 | 2019-01-04 |
| FORREST, John Richard, Dr | Director | 1991-10-09 | 1996-11-06 |
| GALE, Robert Charles | Director | 2004-03-24 | 2013-11-29 |
| GRAFIN VON BROCKDORFF AHLFELDT, Claire Louise Elizabeth | Director | 2012-01-26 | 2012-02-29 |
| GREGG, John Francis | Director | 2002-02-20 | 2003-01-10 |
| GREGG, John Francis | Director | 1996-05-08 | 1998-06-30 |
| HARDMAN, Mark David | Director | 2025-07-28 | 2026-04-02 |
| HARDMAN, Mark David | Director | 2021-10-01 | 2022-04-29 |
| HEATH, Roger Anthony Frederick | Director | — | 1996-05-08 |
| HIFZI, Mine Ozkan | Director | 2014-03-11 | 2021-11-01 |
| JACOB, Frances Carol | Director | 1995-01-01 | 1996-05-08 |
| KELHAM, David William | Director | 1999-09-30 | 2001-01-18 |
| KELLY, Peter John Anthony | Director | 2014-04-30 | 2019-01-04 |
| KNAPP, James Barclay | Director | 2002-02-20 | 2003-10-01 |
| LORENZ, Alexander Maximilian | Director | 2018-06-18 | 2019-01-04 |
| LYNCH, Catherine Elizabeth | Director | 2018-09-18 | 2019-01-04 |
| MACKENZIE, Robert Mario | Director | 2003-01-10 | 2011-09-16 |
| MACKENZIE, Robert Mario | Director | 1997-07-31 | 2002-02-20 |
| MCKELLAR, Ronald Alexander | Director | 1991-10-09 | 1999-09-30 |
| MCNEIL, Roderick Gregor | Director | 2020-03-09 | 2021-10-01 |
| MILNER, Luke | Director | 2021-03-01 | 2021-08-31 |
| MOCKRIDGE, Thomas | Director | 2013-06-07 | 2019-06-11 |
| MURRAY, Andrea Clare | Director | 2019-07-18 | 2019-08-05 |
| O'BRIEN, Vincent Gerald | Director | 1996-03-22 | 1996-05-08 |
| OKAS, John Anthony | Director | 1991-10-09 | 1997-07-31 |
| PASCU, Severina-Pompilia | Director | 2020-03-03 | 2020-11-16 |
| RICHTER, Bret | Director | 2003-01-10 | 2003-05-01 |
| ROBERTS, Gareth Nigel Christopher | Director | 2004-03-24 | 2004-08-31 |
| ROSS, Stuart | Director | 2000-11-01 | 2002-02-20 |
| SARSON, Jeni Miriam | Director | 2011-08-05 | 2011-08-31 |
| SARSON, Jeni Miriam | Director | 2003-12-15 | 2003-12-31 |
| SCHUBERT, Scott Elliott | Director | 2003-05-01 | 2004-10-01 |
| SHEPPERD, Alfred Joseph, Sir | Director | 1992-01-24 | 1996-05-01 |
| SMERGLIA, Dale Alan | Director | 2000-12-20 | 2002-02-11 |
| STANTON, Katharine Jane | Director | 2000-12-20 | 2002-02-11 |
| STRONG, Dana Mcdonald | Director | 2013-11-22 | 2015-01-31 |
| SUKAWATY, Andrew | Director | 1994-09-28 | 1996-09-30 |
| THORP, Jeremy Peter | Director | 1998-06-30 | 2000-11-01 |
| TILLBROOK, Joanne Christine | Director | 2011-09-16 | 2011-09-16 |
| TILLBROOK, Joanne Christine | Director | 2011-09-16 | 2012-12-31 |
| TILLBROOK, Joanne Christine | Director | 2011-08-05 | 2011-08-31 |
| TILLBROOK, Joanne Christine | Director | 2009-08-05 | 2010-09-16 |
| TRAFFORD, Brigitte Anne | Director | 2018-09-18 | 2019-01-04 |
| WAGNER, Steven | Director | 1998-06-30 | 2001-01-30 |
| WALSH, Arthur Stephen | Director | 1991-10-24 | 1996-05-09 |
| WALSH, Arthur Stephen | Director | — | 1993-03-13 |
| WITHERS, Caroline Bernadette Elizabeth | Director | 2020-04-23 | 2021-10-01 |
| WITHERS, Caroline Bernadette Elizabeth | Director | 2018-07-13 | 2018-09-01 |
| WITHERS, Caroline Bernadette Elizabeth | Director | 2012-12-31 | 2014-03-11 |
| WITHERS, Caroline Bernadette Elizabeth | Director | 2012-02-03 | 2012-02-29 |
| WITHERS, Caroline Bernadette Elizabeth | Director | 2009-08-05 | 2010-09-16 |
| WOOD, Leigh | Director | 1998-06-30 | 2000-12-01 |
| LOVITING LIMITED | Corporate Nominee Director | 1991-03-13 | 1991-10-09 |
| SERJEANTS' INN NOMINEES LIMITED | Corporate Nominee Director | 1991-03-13 | 1991-10-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Virgin Media Operations Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-30 | Active |
| Virgin Media Senior Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-19 | Ceased 2018-11-30 |
| Virgin Media Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-10-19 |
Filing timeline
Last 20 of 461 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-20 | AA | accounts | Accounts with accounts type full | |
| 2026-09-04 | CH01 | officers | Change person director company with change date | |
| 2026-08-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-09 | CH01 | officers | Change person director company with change date | |
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-08-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-06-09 | CH04 | officers | Change corporate secretary company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.