WILLIAMS GRAND PRIX ENGINEERING LIMITED

• ⚠

  Material uncertainty over going concern

  The shareholder support required is potentially extensive and the Directors recognise that these circumstances represent a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern and, therefore, to continue realising their assets and discharging their liabilities in the normal course of business.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. WILLIAMS GRAND PRIX ENGINEERING LIMITED 1977-12-31 → present
2. LATCADE LIMITED 1977-02-08 → 1977-12-31

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The shareholder support required is potentially extensive and the Directors recognise that these circumstances represent a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern and, therefore, to continue realising their assets and discharging their liabilities in the normal course of business.”

Group structure

1. WILLIAMS GRAND PRIX ENGINEERING LIMITED · parent
   1. Williams F1 Limited 100% · England and Wales · dormant
   2. The Williams F1 Team Foundation · England and Wales · dormant

Significant events

• “Formula One as a sport demonstrated continued growth during the 2024 season, racing across a record-breaking 24 races in the calendar. Formula One's growing reach across North America and the ongoing commercial draw from fans, spectators and partners alike delivered increased commercial rights revenue for all teams.”
• “The team finished in 9th place in the 2024 Constructors' Championship with both Alex Albon and Franco Colapinto scoring top 10 finishes at races during the year.”
• “The Group's suite of commercial partners also grew this year, with significant brands such as Komatsu, Mercado Libre, Globant, Keeper Security, Vast Data and Zoox joining the growing commercial portfolio alongside Gulf Oil, MyProtein, Stephens, Michelob ULTRA, Kraken, Duracell and Dorilton Ventures.”
• “Our Lap of Legends activation with Michelob ULTRA harnessing AI to create the world's first virtual vs real F1 race - won four awards at the Cannes Lions International Festival of Creativity and was named Sports Technology of the Year at the SBJ Tech awards.”
• “The team is strengthened in 2025, with Alex Albon remaining with the team and being joined by multiple F1 race winner Carlos Sainz. Both drivers signed multi-year agreements in 2024.”
• “global collaboration software provider Atlassian (NASDAQ: TEAM) was announced as Official Title Partner, Official Technology Partner and Official Collaboration Software partner in January 2025, a strategic partnership that is also the biggest in Williams' history.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +41.6%

  £126,965,000 → £179,776,000

• Cash

  +106.3%

  £12,098,000 → £24,957,000

• Net assets

  +93.1%

  £67,348,000 → £130,077,000

• Employees

  —

  Not reported

• Operating profit

  +47.4%

  -£80,298,000 → -£42,246,000

• Profit before tax

  +47.5%

  -£80,508,000 → -£42,251,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers