Virgin Media O2 is moving to a new state-of-the-art UK headquarters in Sheldon Square, Paddington Central (above).
This announcement comes as Virgin Media O2 reports its 2022 financial results – its first full-year results since the business was formed on 1 June 2021. The full-year figures show customer growth across both fixed and mobile in 2022 with 27,000 fixed net adds and 142,000 Mobile contract net adds, as well as a growing converged customer base with 1.3 million people now taking a Volt bundle.
Existing sites in Hammersmith and Slough will close by the end of next year and all employees will work in the existing Virgin Media O2 office in Green Park, Reading, and a new office in Paddington, which will open late next year and is the company’s first major new office space since merging in June 2021.
A very small number of people the O2 retail store in the Slough office, continue at a new location. The Slough office closure is planned to take place in June. There are no redundancies.
The Reading office opened in 2019 and is just a short train ride from the new location in Paddington.
A lease for the new HQ building at Paddington Central’s 3 Sheldon Square has been agreed and a bespoke fit out expected to start later this year. The building is just a few yards from Vodafone Group’s offices in Kingdom Street.
“This major investment from Virgin Media O2 will provide future-proof spaces for colleagues to work and collaborate while meeting the evolving needs of the business. It’s being designed to support the existing flexible working policies. The latest technology and connectivity are being integrated into the office, while also acting as a centrally located, vibrant space where teams can get together in person. The building, which is currently undergoing a full refurbishment, will also benefit from environmentally friendly technology such as air source heat pumps” said a statement.
“These two incredible offices in Reading and London are an important step in our integration plans that will support our flexible working culture while bringing the buzz back to the office and creating exciting new opportunities for our people to collaborate,” said Patricia Cobian, Virgin Media O2’s Chief Financial Officer said:
Virgin Media O2 spent £2.1 billion on networks and services last year. The business’ fixed network now passes 16.1 million premises and has been expanded to reach an additional 519,000 homes in 2022., Virgin Media O2’s 5G connectivity now covers more than 1,600 towns and cities with 4G capacity boosted in 725,000 postcodes.
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