VEL HOLDINGS LIMITED - Profile & Financials

Accounts Submitted 2 Oct 2025

Confirmation Statement Submitted 14 Apr 2025

Net assets £339.68M £0.00 2023 year on year

Total assets £339.68M £0.00 2023 year on year

Total Liabilities £0.00

Charges 5

5 satisfied

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Contact & Details

Contact

Update Details

Registered Address

Whitfield Studios 50a Charlotte Street London W1T 2NS United Kingdom

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2021–2023)

Cash in Bank

£40.00k

Net Assets

£339.68M

Total Liabilities

N/A

Turnover

N/A

Employees

N/A

Debt Ratio

N/A

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

4 active 19 resigned

Show resigned officers

						Status
Andrew Philip Gibbs	Director	British	United Kingdom	37	1 Sept 2023	Active
Ashik Pethraj Lakha Shah	Director	British	United Kingdom	57	4 Feb 2022	Active
Ian Philip Woods	Director	British	United Kingdom	51	21 Dec 2011	Active
Robert Pieter Blok	Director	British	England	50	30 Jun 2015	Active

Shareholders

Shareholders (1)


Virgin Management Limited	100.0%	15,022,641	Ordinary	22 Apr 2016

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Virgin Management Limited

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

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Group Structure

VIRGIN MANAGEMENT LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

VIRGIN HOLDINGS LIMITED united kingdom

VEL HOLDINGS LIMITED Current Company

VAL TM (HOLDINGS) LIMITED united kingdom shares 50 to 75 percent, voting rights 50 to 75 percent, appoint/remove directors

VAL TRADEMARK TWO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

VIRGIN AVIATION TM HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

VIRGIN AVIATION TM LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

VIRGIN ENTERPRISES LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

5 satisfied

Documents

Company Filings

Date	Category	Description	Document
2 Oct 2025	Accounts	Annual accounts made up to 2024-12-31	View(25 pages)
14 Apr 2025	Confirmation Statement	Confirmation statement made on 2025-04-01 with no updates	View(3 pages)
15 Nov 2024	Persons With Significant Control	Change to Virgin Management Limited as a person with significant control on 2024-10-31	View(2 pages)
11 Nov 2024	Officers	Change to director Mr Ashik Pethraj Lakha Shah on 2024-10-31	View(2 pages)
11 Nov 2024	Officers	Change to director Mr Robert Pieter Blok on 2024-10-31	View(2 pages)