VIRGIN START UP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-14 (in 9mo)
Last made up 2026-01-31
Watchouts
None on the register
Cash
£528K
+31.7% vs 2023
Net assets
£438K
-32.7% vs 2023
Employees
22
+22.2% vs 2023
Profit before tax
-£213K
+35.8% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,401,000 | £1,754,000 | |
| Operating profit | -£332,000 | -£213,000 | |
| Profit before tax | -£332,000 | -£213,000 | |
| Net profit | -£332,000 | -£213,000 | |
| Cash | £401,000 | £528,000 | |
| Total assets less current liabilities | £651,000 | £438,000 | |
| Net assets | £651,000 | £438,000 | |
| Equity | £651,000 | £438,000 | |
| Average employees | 18 | 22 | |
| Wages | £999,000 | £1,243,000 | |
| Directors' remuneration | £206,000 | £169,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+25.2%
£1,401,000 £1,754,000
-
Cash
+31.7%
£401,000 £528,000
-
Net assets
-32.7%
£651,000 £438,000
-
Employees
+22.2%
18 22
-
Operating profit
+35.8%
-£332,000 -£213,000
-
Profit before tax
+35.8%
-£332,000 -£213,000
-
Wages
+24.4%
£999,000 £1,243,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -23.7% | -12.1% | |
| Net margin | -23.7% | -12.1% | |
| Return on capital employed | -51.0% | -48.6% | |
| Gearing (liabilities / total assets) | 23.0% | 42.5% | |
| Current ratio | 4.34x | 2.35x |
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 START UP LIMITED 2013-08-05 → present
- VIRGIN COMPUTERS LIMITED 2009-02-09 → 2013-08-05
- THE PROJECT CONSULTANCY LIMITED 1997-06-17 → 2009-02-09
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- ML Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As detailed in Note 1.2 to the financial statements, an intermediate parent undertaking, VHL, has formally indicated that it is its present intention to provide sufficient funding to the Company to enable it to meet its liabilities as they fall due, for at least the next twelve months. The Directors have no reason to believe that VHL will not be in a position to provide this support. Thus, they continue to adopt the going concern basis of accounting in preparing these financial statements.”
Significant events
- “In March 2025, the Company's existing contract with The British Business Bank was extended until 31 March 2026. This extension allows the Company to continue its delivery of the Start Up Loans Programme across the UK, with £20,000,000 available for distribution over a 12-month period.”
- “On 28 March 2025, the Company was awarded an additional £260,000 of UK Shared Prosperity Funding to continue delivery of the accelerator programme Empower100, until 31 March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VILE, Claire Ruth Vertel | Secretary | 2019-09-24 | — | — |
| ANDREWES, Frederick Christopher Ruggles | Director | 2020-12-17 | Oct 1981 | British |
| FISHBURN, Andrew | Director | 2019-05-02 | May 1986 | British |
| GOODMAN, Charlotte Justine | Director | 2023-09-21 | Nov 1974 | British |
| HILTON, Claire Jean | Director | 2024-01-01 | Oct 1972 | British |
| MATHIESON, Lianne Stephanie | Director | 2023-09-21 | Jun 1983 | British |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYLISS, Joshua | Secretary | 2006-08-31 | 2007-03-01 |
| DRAKE, Caroline Ann | Secretary | 2018-06-06 | 2019-09-24 |
| DRAKE, Caroline Ann | Secretary | 2017-04-25 | 2018-01-12 |
| DRAKE, Caroline Ann | Secretary | 2010-02-12 | 2013-08-05 |
| GERRARD, Barry Alexander Ralph | Secretary | 2018-01-12 | 2018-06-06 |
| GERRARD, Barry Alexander Ralph | Secretary | 2013-08-05 | 2017-04-25 |
| GERRARD, Barry Alexander Ralph | Secretary | 2007-03-01 | 2010-02-12 |
| GRAM, Peter Gerardus | Secretary | 2000-03-10 | 2006-08-31 |
| LEGGE, Diana Patricia | Secretary | 1997-06-17 | 2000-03-10 |
| HALLMARK SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-06-17 | 1997-06-17 |
| BUDD, William Peter | Director | 2021-09-23 | 2023-09-21 |
| BURROUGHS, Ian Steven | Director | 1998-11-04 | 2000-07-31 |
| COHEN, Jonathan Mark | Director | 2010-02-12 | 2011-04-28 |
| COLLINS, Anthony Edward | Director | 2014-09-29 | 2016-08-23 |
| CUNNINGHAM-WAROM, Elisabeth Rosemary | Director | 1997-06-17 | 1998-12-31 |
| CUNNINGHAM-WAROM, Mark Howard | Director | 1997-06-17 | 1998-12-31 |
| DARYANI, Ratankumar | Director | 1997-06-17 | 2003-04-07 |
| FOX, Nicholas Anthony Robert | Director | 2013-10-24 | 2017-02-02 |
| GERRARD, Barry Alexander Ralph | Director | 2007-06-22 | 2013-08-05 |
| GRAM, Peter Gerardus | Director | 2000-03-10 | 2000-07-31 |
| GRANT, Linda Margaret | Director | 2019-02-07 | 2023-12-31 |
| HILTON, Claire Jean | Director | 2020-12-17 | 2023-09-21 |
| JACKSON, John Ellis | Director | 1999-07-15 | 2007-06-22 |
| LEGGE, Diana Patricia | Director | 1998-11-04 | 2000-03-10 |
| MCCALL, Patrick Charles Kingdon | Director | 2013-08-05 | 2014-09-10 |
| MCCALLUM, Gordon Douglas | Director | 2007-06-22 | 2010-02-12 |
| MCCORMACK, Robert George | Director | 2012-11-06 | 2013-08-05 |
| MURPHY, Stephen Thomas Matthew | Director | 1997-06-17 | 1998-11-04 |
| PATEL, Tilesh Chimanbhai | Director | 2011-05-16 | 2012-11-06 |
| PEARSON, William Stephen | Director | 2016-02-08 | 2021-09-23 |
| ROSSER, Bradley John | Director | 1997-06-17 | 1998-09-09 |
| RUTHERFORD, David John | Director | 2005-03-07 | 2007-06-22 |
| SHEBBEARE, Thomas Andrew, Sir | Director | 2013-08-05 | 2018-10-31 |
| SHUI, Mei | Director | 2014-12-10 | 2018-07-04 |
| SIMMONS, Rosalind Ann | Director | 1997-06-17 | 2007-06-22 |
| STEPHENSON, Neil | Director | 2013-10-24 | 2013-12-05 |
| THOMAS, Lisa Victoria | Director | 2017-02-02 | 2020-10-31 |
| YOUNG, Rowena | Director | 2013-10-24 | 2014-10-31 |
| HALLMARK REGISTRARS LIMITED | Corporate Nominee Director | 1997-06-17 | 1997-06-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Virgin Management Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 202 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-12 | CH03 | officers | Change person secretary company with change date | |
| 2024-11-11 | CH01 | officers | Change person director company with change date | |
| 2024-11-11 | CH01 | officers | Change person director company with change date | |
| 2024-11-05 | CH01 | officers | Change person director company with change date | |
| 2024-11-05 | CH01 | officers | Change person director company with change date | |
| 2024-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-06-19 | CH01 | officers | Change person director company with change date | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-19 | SH01 | capital | Capital allotment shares | |
| 2023-12-19 | CH01 | officers | Change person director company with change date | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-10-06 | CH01 | officers | Change person director company with change date | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.