FORMULA ONE MANAGEMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-12 (in 9mo)
Last made up 2026-01-29
Watchouts
None on the register
Cash
£56K
+14.3% vs 2023
Net assets
£96M
+44.2% vs 2023
Employees
726
+13.6% vs 2023
Profit before tax
£20M
+14% vs 2023
Name history
Renamed 7 times since incorporation
- FORMULA ONE MANAGEMENT LIMITED 1999-05-27 → present
- FORMULA ONE ADMINISTRATION LIMITED 1998-09-28 → 1999-05-27
- FORMULA ONE ADMINISTRATION LIMITED 1998-04-08 → 1998-09-28
- FORMULA ONE MANAGEMENT LIMITED 1998-04-08 → 1998-09-28
- FOCA ADMINISTRATION LIMITED 1998-04-02 → 1998-04-08
- FORMULA ONE ADMINISTRATION LIMITED 1997-02-11 → 1998-04-02
- FORMULA 1 ADMINISTRATION LIMITED 1997-01-29 → 1997-02-11
- F.O.C.A. ADMINISTRATION LIMITED 1981-02-13 → 1997-01-29
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 | £346,210,000 | £393,362,000 | |
| Operating profit | £18,741,000 | £21,111,000 | |
| Profit before tax | £17,482,000 | £19,938,000 | |
| Net profit | £12,895,000 | £29,471,000 | |
| Cash | £49,000 | £56,000 | |
| Total assets less current liabilities | £95,035,000 | £127,313,000 | |
| Net assets | £66,604,000 | £96,075,000 | |
| Equity | £66,604,000 | £96,075,000 | |
| Average employees | 639 | 726 | |
| Wages | £74,766,000 | £85,560,000 |
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 | 5.4% | 5.4% | |
| Net margin | 3.7% | 7.5% | |
| Return on capital employed | 19.7% | 16.6% | |
| Current ratio | 1.17x | 1.36x | |
| Interest cover | 16.17x | 18.25x |
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 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- 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 company or to cease its operations, and as they have concluded that 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 its 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").”
Significant events
- “The 2024 Championship consisted of 24 events (2023-22 events) with 15 "flyaway" events taking place outside Europe (2023-14 events). The two additional events in the year were the Emilia Romagna Grand Prix at Imola, which had been cancelled in the prior year due to severe flooding in the region, and the return to the calendar of the Chinese Grand Prix for the first time since 2019.”
- “Capital commitments are amounts contracted for, but not provided for, in these financial statements and relate to items of property, plant and equipment. The company had capital commitments of £13.3m at 31 December 2024 (2023-£4.0m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BABIKER, Adam | Director | 2025-02-20 | Feb 1980 | British |
| DOMENICALI, Stefano | Director | 2022-09-08 | May 1965 | Italian |
| LLOWARCH, Duncan Francis | Director | 2007-04-04 | Apr 1968 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDANI, Mukesh Haridas | Secretary | 1995-09-12 | 2002-01-28 |
| CLARE, David John | Secretary | — | 1995-09-12 |
| LLOWARCH, Duncan Francis | Secretary | 2006-04-27 | 2018-08-22 |
| WOODWARD HILL, Sacha Jane | Secretary | 2002-01-28 | 2005-08-25 |
| ANTHONY, Laurence | Director | 2024-09-17 | 2025-02-22 |
| BAER, Richard Norman | Director | 2017-01-23 | 2017-01-23 |
| CLARRY, Nicholas James | Director | 2006-03-24 | 2017-01-23 |
| ECCLESTONE, Bernard Charles | Director | 2015-09-16 | 2017-01-23 |
| ECCLESTONE, Bernard Charles | Director | — | 2014-01-15 |
| FISCHER, Thomas Richard, Dr | Director | 2002-08-29 | 2002-10-11 |
| FLOURNOY, Frederique | Director | 2011-09-02 | 2017-01-23 |
| GALLICO, Timothy Huish | Director | 2010-01-22 | 2017-01-23 |
| GLOCKL, Harald Gerhard | Director | 2006-02-01 | 2006-03-24 |
| GRIBKOWSKY, Gerhard, Dr | Director | 2003-05-14 | 2006-03-24 |
| HAFFA, Thomas | Director | 2000-11-01 | 2001-08-28 |
| HAUG, Matthias Bernhard Herbert | Director | 2006-02-01 | 2006-03-24 |
| IRRGANG, Alexandra Sophia Stephanie | Director | 2006-02-01 | 2006-03-24 |
| KROWARZ, Michael Erhard Joachim | Director | 2006-02-01 | 2006-03-24 |
| LANPHERE, Scott Allen | Director | 1999-12-17 | 2000-05-12 |
| LIEGL, Alexander, Dr | Director | 2001-10-30 | 2002-08-29 |
| MACKENZIE, Donald | Director | 2006-03-24 | 2009-12-18 |
| MULLENS, Stephen John | Director | 2006-03-24 | 2011-09-02 |
| MULLENS, Stephen John | Director | 2002-07-16 | 2006-03-24 |
| PICCININI, Marco | Director | 1998-09-23 | 2001-06-08 |
| RITVAY, Alexander Tibor Mihaly, Dr | Director | 2001-06-20 | 2002-09-12 |
| SCHERL, Michael Robert, Dr | Director | 2006-02-01 | 2006-03-24 |
| WOODWARD HILL, Sacha Jane | Director | 2006-03-24 | 2024-09-19 |
| WURTENBERGER, Loretta Sigrid Elisabeth, Dr | Director | 2002-10-30 | 2003-05-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Formula One World Championship Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 210 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-20 | AA | accounts | Accounts with accounts type full | |
| 2022-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type full | |
| 2021-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-22 | AA | accounts | Accounts with accounts type full | |
| 2020-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-30 | AA | accounts | Accounts with accounts type full | |
| 2019-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
+13.6%
£346,210,000 £393,362,000
-
Cash
+14.3%
£49,000 £56,000
-
Net assets
+44.2%
£66,604,000 £96,075,000
-
Employees
+13.6%
639 726
-
Operating profit
+12.6%
£18,741,000 £21,111,000
-
Profit before tax
+14%
£17,482,000 £19,938,000
-
Wages
+14.4%
£74,766,000 £85,560,000
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