Richard Branson

Sole shareholder

Virgin UK Holdings Ltd

Controlling

interest

No controlling

interest

and local subsidiaries

35%

20%

51% stake

West Coast

20% 2017

10%

East Coast

Virgin Enterprises

(branding income)

Richard Branson

Virgin UK Holdings Ltd

Sole shareholder

Controlling interest

No controlling interest

and local subsidiaries

35%

20%

51% stake

West Coast

20% 2017

10%

East Coast

Virgin Enterprises

(branding income)

Virgin UK Holdings Ltd

Richard Branson

Sole shareholder

Controlling interest

No controlling interest

51% stake

West Coast

35%

20%

20%

2017

10%

East Coast

and local

subsidiaries

Virgin

Enterprises

(branding income)

Guardian graphic. Source: Company filings and news reports. Note: stakes in subsidiaries as at 2016 or latest available. The UK holding company's latest annual report says: 'The company's ultimate parent undertaking [is] Virgin Group Holdings Limited, whose sole shareholder is Sir Richard Branson.' Structures have been simplified for clarity