Virgin Money plc is a UK-based bank and financial services company owned by the Virgin Group and founded by Sir Richard Branson in March 1995. It was originally known as Virgin Direct, and pioneered index tracking by launching a value Personal Equity Plan into the market. In the 2000s Virgin Money expanded its operations around the world.
Virgin Money announced plans to become a retail bank, and attempted to purchase Northern Rock in 2007 before it was nationalised by the British Government. Virgin applied for its own banking licence from the Financial Services Authority in 2009, and gained one through the acquisition of Church House Trust the following year. Virgin bought Northern Rock plc in January 2012 and rebranded the business as Virgin Money. The holding company for Virgin Money, Virgin Money Holdings plc, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
| Owner | Virgin Group (34%) W.L. Ross (23.3%) Stanhope Investments (1%) |
|---|---|
| Key people | Glen Moreno (Chairman) Jayne-Anne Gadhia (CEO) |
| Headquarters | Newcastle upon Tyne, United Kingdom |
| Parent | Virgin Money Holdings (UK) PLC |
| Founded | 3 March 1995 (1995-03-03) |
NPS is a customer loyalty metric that measures customers’ willingness to not only return for another purchase or service but also make a recommendation to their family, friends or colleagues.
It is a powerful and effective technique, which can greatly increase a company's revenue if used properly.
The main advantages of NPS are close correlation with a company's growth and easy collection, interpretation and communication of the data.
Yes, it is.
Net Promoter Score is a number from -100 from 100.
Scores higher than 0 are typically considered to be good and scores above 50 are considered to be excellent.
The industry average for Financial Services / Banking is 18.
The final Net Promoter Score of a company strongly depends on a context in which the satisfaction is measured.
Consider an example: If Virgin Money sends out NPS surveys immediately after purchase, they are tracking their customers' initial excitement and the checkout experience.
On the other hand, if they survey their customers a few weeks after the purchase they are also tracking how satisfied their customers are with their products and services over time.
Therefore, comparing the NPS score of Virgin Money with your own without any further context is not that useful.
What is extremely useful though, is using the NPS methodology to track the satisfaction of your customers over time. That's where Customer.guru comes in.
How are your customers satisfied depending on:
| Company | Score |
|---|---|
| Virgin Money | 19 |
| CitiGroup | 18 |
| BB&T | 18 |
| TSB Bank | 17 |
| Morgan Stanley | 16 |
| Aldermore | 22 |
| FlexiGroup | 15 |
| PNC Banks | 15 |
| AXA | 12 |
| Santander UK Banking | 27 |
| Score | Date | Source |
|---|---|---|
|
19
|
2016-03-02 | http://www.cityam.com/235782/virgin-money-pays-out-dividend-as-profit-soars- |
Do you think this information is incorrect? Report incorrect information. Do you have more accurate data? Submit NPS score.