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Virgin Money UK (Virgin Money UK) Accounts Payable & Accrued Expense : $0 Mil (As of Sep. 2023)


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What is Virgin Money UK Accounts Payable & Accrued Expense?

Virgin Money UK's quarterly accounts payable & accrued expense increased from Sep. 2022 ($1 Mil) to Mar. 2023 ($4 Mil) but then declined from Mar. 2023 ($4 Mil) to Sep. 2023 ($0 Mil).

Virgin Money UK's annual accounts payable & accrued expense declined from Sep. 2021 ($136 Mil) to Sep. 2022 ($1 Mil) and declined from Sep. 2022 ($1 Mil) to Sep. 2023 ($0 Mil).


Virgin Money UK Accounts Payable & Accrued Expense Historical Data

The historical data trend for Virgin Money UK's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Virgin Money UK Accounts Payable & Accrued Expense Chart

Virgin Money UK Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 256.19 243.52 135.99 1.13 -

Virgin Money UK Semi-Annual Data
Sep13 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 135.99 21.08 1.13 3.64 -

Virgin Money UK Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.


Virgin Money UK (Virgin Money UK) Business Description

Industry
Address
177 Bothwell Street, Glasgow, GBR, G2 7ER
Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.