MCLAREN RACING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-21 (in 5mo)
Last made up 2025-10-07
Watchouts
Cash
£237M
+70.9% vs 2023
Net assets
-£6M
+88.4% vs 2023
Employees
1,283
+11.9% vs 2023
Profit before tax
£38M
+223.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- MCLAREN RACING LIMITED 2003-12-08 → present
- MCLAREN INTERNATIONAL LIMITED 1980-09-16 → 2003-12-08
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 | £431,082,000 | £530,314,000 | |
| Operating profit | £30,498,000 | £57,601,000 | |
| Profit before tax | £11,591,000 | £37,536,000 | |
| Net profit | £12,919,000 | £54,157,000 | |
| Cash | £138,942,000 | £237,417,000 | |
| Total assets less current liabilities | £147,094,000 | £60,819,000 | |
| Net assets | -£50,192,000 | -£5,802,000 | |
| Equity | -£50,192,000 | -£5,802,000 | |
| Average employees | 1,147 | 1,283 | |
| Wages | £98,882,000 | £106,550,000 |
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 | 7.1% | 10.9% | |
| Net margin | 3.0% | 10.2% | |
| Return on capital employed | 20.7% | 94.7% | |
| Current ratio | 1.14x | 0.90x | |
| Interest cover | 1.09x | 1.93x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.”
Group structure
- MCLAREN RACING LIMITED · parent
- McLaren Marketing Limited 100%
- McLaren Triple Crown Limited 100%
- McLaren Racing US LLC 100%
- McLaren Indy LLC 100%
- McLaren Electric Racing Limited 100%
Significant events
- “In December 2024, the Group acquired the remaining 25% of McLaren Indy LLC to take 100% ownership.”
- “It was announced on 9 December 2024 that Abu Dhabi-based CYVN Holdings is to partner with existing shareholder Mumtalakat, to acquire a non-controlling interest in the McLaren Racing Group. The transaction is expected to complete before June 2025.”
- “In Q1 2025, 1,872,525 share warrants of £0.01 were converted into equity shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MURNANE, Timothy Nicholas | Secretary | 2004-09-01 | — | British |
| AL DABBAS, Hashem | Director | 2025-04-02 | Jun 1985 | Jordanian |
| AL KHALIFA, Shaikh Mohamed Isa Mohamed Isa | Director | 2025-10-28 | Apr 1969 | Bahraini |
| BROWN, Zakary Challen | Director | 2018-07-25 | Nov 1971 | American |
| COLLINS, Nicholas Paul | Director | 2025-04-02 | Dec 1974 | British |
| GRIFFITHS, Cromwell Lloyd William | Director | 2020-12-22 | Sep 1971 | Bahraini |
| HAQ, Samer Salah Abdel | Director | 2025-10-28 | Sep 1975 | Emirati |
| OJJEH, Sultan Mansour Akram | Director | 2025-10-28 | Nov 1991 | French |
| SHARAFI, Noor Yusuf | Director | 2025-10-28 | Sep 1982 | Bahraini |
| SKAF, Eddy Georges | Director | 2025-10-28 | Jan 1974 | Lebanese |
| SYED, Omar Ali | Director | 2023-05-31 | Jul 1974 | Canadian,British |
| WALSH, Paul Steven | Director | 2020-12-17 | May 1955 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ILLMAN, Robert James | Secretary | — | 2004-09-01 |
| AL KHALIFA, Mohammed Bin Isa Bin Mohammed, Shaikh | Director | 2020-12-17 | 2025-04-02 |
| ALLERT, John Maxwell | Director | 2018-07-25 | 2020-05-28 |
| BROWN, Stephen Creighton | Director | — | 1994-02-01 |
| BUDDIN, Paul Anthony | Director | 2018-07-25 | 2020-12-22 |
| COOPER, John Philip | Director | 2005-02-25 | 2019-08-04 |
| CORDES, Eckhard, Dr | Director | 2004-12-08 | 2005-09-01 |
| DENNIS, Ronald, Sir | Director | 2014-09-12 | 2017-07-20 |
| DENNIS, Ronald | Director | — | 2009-05-28 |
| FERRY, Catherine Elizabeth | Director | 2021-06-29 | 2023-05-31 |
| HAUG, Norbert | Director | 2005-11-23 | 2009-11-10 |
| HUBBERT, Jurgen, Professor | Director | 2000-01-19 | 2004-12-08 |
| ILLMAN, Robert James | Director | — | 2004-10-31 |
| MOORAD, Jeffrey Shawn | Director | 2020-12-17 | 2025-09-02 |
| MURNANE, Timothy Nicholas | Director | 2000-07-01 | 2020-12-22 |
| MURRAY, Ian Gordon, Professor | Director | — | 1994-02-01 |
| NAJAFI, Jamshid Jahm | Director | 2020-12-17 | 2025-09-02 |
| NEALE, Jonathan | Director | 2001-04-09 | 2020-12-22 |
| NEWEY, Adrian Martin | Director | 1997-08-01 | 2005-12-07 |
| OJJEH, Abdulaziz | Director | — | 2011-01-01 |
| OJJEH, Mansour Akram | Director | — | 2018-07-26 |
| OJJEH, Sultan Mansour Akram | Director | 2020-12-22 | 2025-04-02 |
| SEIDL, Andreas | Director | 2019-08-05 | 2022-12-13 |
| TRELLES ZABALA, Rodrigo | Director | 2020-12-18 | 2025-09-02 |
| TREZISE, David Philip | Director | — | 2005-10-17 |
| VITOUX, Daniel | Director | 2015-07-28 | 2015-08-21 |
| WASSON, Baxter | Director | 2020-12-22 | 2025-09-02 |
| WHITMARSH, Martin Richard | Director | — | 2014-07-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mclaren Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-08-03 | Active |
| Ubs Group Ag | Corporate entity | Significant influence | 2020-12-17 | Ceased 2025-09-02 |
| Jeffrey Shawn Moorad | Individual | Significant influence | 2020-12-17 | Ceased 2025-09-02 |
| Jamshid Jahm Najafi | Individual | Significant influence | 2020-12-17 | Ceased 2025-09-02 |
| Mclaren Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-11-30 | Ceased 2021-08-03 |
| Mclaren Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2018-11-30 |
Filing timeline
Last 20 of 258 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-13 MA Memorandum articles
- 2025-11-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-19 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-11-13 | MA | incorporation | Memorandum articles | |
| 2025-11-13 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 4
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
-
Turnover
+23%
£431,082,000 £530,314,000
-
Cash
+70.9%
£138,942,000 £237,417,000
-
Net assets
+88.4%
-£50,192,000 -£5,802,000
-
Employees
+11.9%
1,147 1,283
-
Operating profit
+88.9%
£30,498,000 £57,601,000
-
Profit before tax
+223.8%
£11,591,000 £37,536,000
-
Wages
+7.8%
£98,882,000 £106,550,000
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