MERCEDES-BENZ GRAND PRIX LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-15 (in 5mo)
Last made up 2025-10-01
Watchouts
Cash
£53M
Latest balance sheet
Net assets
£206M
Equity attributable
Employees
1,323
Average over period
Profit before tax
£163M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 7 times since incorporation
- MERCEDES-BENZ GRAND PRIX LTD 2010-01-15 → present
- BRAWN GP LIMITED 2009-03-06 → 2010-01-15
- HONDA GP LIMITED 2006-01-10 → 2009-03-06
- BAR HONDA GP LIMITED 2005-01-26 → 2006-01-10
- BARGP LIMITED 2005-01-10 → 2005-01-26
- BRITISH AMERICAN RACING GP LIMITED 1998-11-27 → 2005-01-10
- BRITISH AMERICAN RACING GRAND PRIX LIMITED 1998-11-10 → 1998-11-27
- TYRRELL RACING ORGANISATION LIMITED 1964-01-09 → 1998-11-10
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £546,450,000 | £636,025,000 | |
| Operating profit | £113,786,000 | £160,640,000 | |
| Profit before tax | £115,830,000 | £163,046,000 | |
| Net profit | £83,846,000 | £120,344,000 | |
| Cash | £23,719,000 | £52,613,000 | |
| Total assets less current liabilities | £193,702,000 | £215,662,000 | |
| Net assets | £183,493,000 | £206,490,000 | |
| Equity | £183,493,000 | £206,490,000 | |
| Average employees | 1,289 | 1,323 | |
| Wages | £111,751,000 | £109,903,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 20.8% | 25.3% | |
| Net margin | 15.3% | 18.9% | |
| Return on capital employed | 58.7% | 74.5% | |
| Current ratio | 1.35x | 1.45x | |
| Interest cover | 265.86x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Group structure
- MERCEDES-BENZ GRAND PRIX LTD · parent
- Mercedes-Benz Grand Prix Estates Limited 100%
- Mercedes-Benz Motorsport Limited 100%
Significant events
- “During the year the redevelopment of the Brackley campus began with major infrastructure works, prior to the planned construction of two new buildings in 2025 which will help to optimise operational efficiency. Likewise, in December 2024, the Group acquired Mercedes-Benz Motorsport Ltd from Mercedes-Benz UK Holdings Ltd to enable optimisation of the Group structure.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 60 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DONAGHY, Carrie | Secretary | 2021-01-01 | — | — |
| BERGER, Rene | Director | 2013-08-30 | Jun 1972 | Austrian |
| BURZER, Joerg Theodor, Dr | Director | 2026-01-01 | Jan 1970 | German |
| CURRIE, Andrew Christopher | Director | 2022-01-25 | Dec 1955 | British |
| GINNS, Jonathan Frank, Mr. | Director | 2022-01-25 | Nov 1973 | British |
| SCHIEBE, Michael | Director | 2023-12-14 | Jul 1983 | German |
| WOLFF, Toto | Director | 2013-08-30 | Jan 1972 | Austrian |
Show 60 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERMAN, James Oliver | Secretary | 1997-11-28 | 1998-09-03 |
| KERR, Nigel Brian | Secretary | 2016-12-14 | 2017-07-21 |
| KERR, Nigel Brian | Secretary | 2006-05-31 | 2007-01-24 |
| KERR, Nigel | Secretary | 2002-07-30 | 2005-04-27 |
| KOOPMAN, George Arthur | Secretary | 1994-02-02 | 1997-11-28 |
| MCGRORY, Caroline Maria | Secretary | 2007-01-24 | 2016-11-29 |
| MCGRORY, Caroline Maria | Secretary | 2005-04-27 | 2006-05-31 |
| RAO-SADOUN, Shaila Ann | Secretary | 2019-03-11 | 2020-12-31 |
| RIVERS, Nigel Patrick | Secretary | 1998-09-03 | 2002-04-30 |
| RUMSEY, Oliver James | Secretary | 2017-07-21 | 2019-03-19 |
| TYRRELL, Norah Isobel | Secretary | — | 1994-02-02 |
| YOUNG, Alastair James | Secretary | 2002-05-01 | 2002-07-30 |
| ABE, Hiroshi | Director | 2008-04-01 | 2009-03-05 |
| AL MEHAIRI, Khalifa Hamad | Director | 2012-07-29 | 2012-12-19 |
| AL MEHAIRI, Khalifa Hamad Obaid Hamad | Director | 2010-06-17 | 2011-03-23 |
| AL QUBAISI, Khadem | Director | 2011-03-23 | 2011-05-20 |
| AL-HUSSEINY, Mohamed Badawy | Director | 2009-12-23 | 2012-03-21 |
| BERNHARD, Wolfgang Ludwig, Dr | Director | 2013-02-11 | 2017-03-03 |
| BLAIR, Gordon Scott | Director | 2009-03-05 | 2009-12-23 |
| BRAWN, Ross James | Director | 2009-03-05 | 2011-03-23 |
| BROOKES, Nicholas George | Director | 2005-09-20 | 2005-12-20 |
| FORBES, David John | Director | 2009-12-23 | 2010-05-05 |
| FRY, Nicholas Richard | Director | 2002-07-30 | 2009-12-23 |
| GORNE, Richard Joseph | Director | 1997-11-28 | 2000-03-14 |
| HAUG, Norbert | Director | 2009-12-23 | 2013-01-17 |
| IAPACHINO, Alex Richter | Director | 2012-03-21 | 2012-07-29 |
| ISMAIK, Hasan Abdullah Mohamed | Director | 2011-05-20 | 2011-11-13 |
| JAKOBI, Julian | Director | 1997-11-28 | 1998-09-02 |
| JOHNSTON, Bruce Robrrt Richard | Director | 1997-11-28 | 1999-02-22 |
| KALLENIUS, Sten Ola | Director | 2013-10-01 | 2019-05-22 |
| KERR, Nigel Brian | Director | 2002-07-30 | 2009-12-23 |
| KOOPMAN, George Arthur | Director | 1994-02-02 | 1997-11-28 |
| LAUDA, Andreas Nikolaus | Director | 2012-10-17 | 2019-05-20 |
| LOWE, Patrick Allen | Director | 2015-03-18 | 2017-02-03 |
| MARSDEN, John Lionel | Director | 2009-03-05 | 2009-12-23 |
| MCGRORY, Caroline Maria | Director | 2009-03-05 | 2009-12-23 |
| MCGRORY, Caroline Maria | Director | 2005-01-07 | 2005-01-07 |
| MOWRY, Brandt Robert | Director | 2012-03-21 | 2012-07-29 |
| NAKAJIMA, Satoru | Director | 1996-12-10 | 1998-02-22 |
| NEDIGER, Alex | Director | 2020-06-29 | 2022-01-25 |
| POLLOCK, Craig | Director | 1997-11-28 | 2005-01-07 |
| POSTLETHWAITE, Harvey Ernest | Director | 1994-02-02 | 1997-11-28 |
| REYNARD, Adrian John, Dr | Director | 1997-11-28 | 2002-05-21 |
| RICHARDS, David Pender | Director | 2002-05-21 | 2004-11-25 |
| SCHIEMER, Philipp | Director | 2021-02-18 | 2023-12-14 |
| SCHMIDT, Joachim, Dr | Director | 2013-02-11 | 2013-10-01 |
| SCHMIDT, Joachim, Dr | Director | 2009-12-23 | 2012-10-17 |
| SCHÄFER, Markus | Director | 2019-03-11 | 2025-12-31 |
| SEEGER, Britta | Director | 2017-01-24 | 2021-02-18 |
| SULLIVAN, James John | Director | 2012-07-29 | 2012-12-19 |
| TANAKA, Shoichi | Director | 2005-01-07 | 2005-04-27 |
| TYRRELL, Norah Isobel | Director | — | 1997-11-28 |
| TYRRELL, Robert Kenneth | Director | — | 1997-11-28 |
| TYRRELL, Robert Leonard | Director | — | 1997-11-28 |
| UEBBER, Bodo Knut | Director | 2017-03-14 | 2019-05-22 |
| WADA, Yasuhiro | Director | 2005-04-27 | 2008-03-31 |
| WADEY, Neil Arthur | Director | 1999-02-22 | 1999-07-27 |
| WEBER, Frank Markus | Director | 2019-07-24 | 2020-06-29 |
| WEBER, Thomas, Dr | Director | 2009-12-23 | 2017-01-24 |
| YOUNG, Alastair James | Director | 1999-07-27 | 2002-07-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Motorsports Invest Limited | Corporate entity | Shares 25–50% | 2022-01-25 | Ceased 2026-04-21 |
| Ineos Industries Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2022-01-25 | Active |
| Mr Toto Wolff | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-01-25 |
| Motorsports Invest Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2016-04-16 |
| Mercedes-Benz Holdings Uk Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
| Mr Toto Wolff | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 328 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-31 RESOLUTIONS Resolution
- 2024-10-31 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-19 | AA | accounts | Accounts with accounts type group | |
| 2025-04-07 | SH01 | capital | Capital allotment shares | |
| 2025-04-01 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-01-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-12 | SH01 | capital | Capital allotment shares | |
| 2024-10-31 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-31 | MA | incorporation | Memorandum articles | |
| 2024-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-23 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31