MERCEDES AMG HIGH PERFORMANCE POWERTRAINS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-03-22
Overdue
Watchouts
Cash
£1K
0% vs 2023
Net assets
£101M
+8.3% vs 2023
Employees
925
+0.3% vs 2023
Profit before tax
£30M
+114.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-03-22.
Name history
Renamed 5 times since incorporation
- MERCEDES AMG HIGH PERFORMANCE POWERTRAINS LIMITED 2012-01-04 → present
- MERCEDES-BENZ HIGHPERFORMANCEENGINES LIMITED 2005-07-20 → 2012-01-04
- MERCEDES-BENZ HIGH PERFORMANCE ENGINES LIMITED 2005-06-28 → 2005-07-20
- MERCEDES-ILMOR LIMITED 2003-02-12 → 2005-06-28
- ILMOR ENGINEERING LIMITED 1983-12-16 → 2003-02-12
- HUBVIEW LIMITED 1983-10-11 → 1983-12-16
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £359,840,000 | £313,042,000 | |
| Operating profit | £17,973,000 | £33,279,000 | |
| Profit before tax | £13,922,000 | £29,854,000 | |
| Net profit | £11,026,000 | £17,720,000 | |
| Cash | £1,000 | £1,000 | |
| Total assets less current liabilities | £127,290,000 | £135,560,000 | |
| Net assets | £93,508,000 | £101,228,000 | |
| Equity | £93,508,000 | £101,228,000 | |
| Average employees | 922 | 925 | |
| Wages | £67,171,000 | £68,084,000 |
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 | 5.0% | 10.6% | |
| Net margin | 3.1% | 5.7% | |
| Return on capital employed | 14.1% | 24.5% | |
| Gearing (liabilities / total assets) | 67.4% | 60.0% | |
| Current ratio | 0.84x | 0.88x | |
| Interest cover | 4.44x | 9.22x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding net current liabilities of £14.3m as at 31 December 2024, the financial statements have been prepared on a going concern basis, which the directors consider appropriate for the following reasons. The Contract Manufacturing Agreement between the parent company, Mercedes-Benz AG and Mercedes AMG High Performance Powertrains Limited ensures that the company will be provided with sufficient funds to enable it to meet its liabilities as they fall due and that the parent company will not seek repayment of amounts due from the Company.”
Significant events
- “In 2025 the company will continue with its principal activities to design, develop and manufacture the Formula One Power Unit on behalf of its parent company Mercedes-Benz AG, continuing to supply the same teams for the 2025 race season while also shifting its resources to prepare for the 2026 season.”
- “From the beginning of the 2026 season, significant changes in FIA Technical Regulation changes apply as well as supplying a new customer, Alpine Racing F1 Team.”
- “Alongside the Formula One activities, the 275 unit production run of the AMG ONE road car Power Unit is due to be completed in 2025.”
- “The solar roof expansion was completed at the end of 2024, with two solar car ports expected to become operational at the end 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROBERTS, Matthew | Secretary | 2020-01-01 | — | — |
| BARTELS, Jörg | Director | 2026-04-15 | Dec 1973 | German |
| BURZER, Jörg Theodor, Dr | Director | 2025-12-12 | Jan 1970 | German |
| SCHIEBE, Michael | Director | 2024-08-01 | Jul 1983 | German |
| THOMAS, Hywel | Director | 2020-07-01 | Sep 1972 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GUNTHER, Lionel | Secretary | 2009-02-01 | 2012-07-31 |
| PENSKE, Roger Searle | Secretary | — | 2001-05-22 |
| RIESS, Alexander, Dr | Secretary | 2012-09-03 | 2019-12-31 |
| STANTON, Albert John | Secretary | 2001-05-22 | 2005-02-28 |
| STRUWE, Christian Andreas | Secretary | 2005-03-01 | 2009-02-01 |
| BAUBIN, Christoph Alexander, Dr | Director | 1994-06-07 | 1997-12-23 |
| CORDES, Eckhard, Dr | Director | 2004-11-28 | 2005-08-31 |
| COWELL, Andy | Director | 2013-01-01 | 2020-06-30 |
| EDER, Torsten, Dr | Director | 2018-09-01 | 2026-04-15 |
| FUHR, Thomas | Director | 2009-03-01 | 2012-12-31 |
| HAUG, Norbert | Director | 2003-08-01 | 2012-12-31 |
| HEIL, Bernhard | Director | 2010-08-31 | 2018-09-01 |
| HERMANN, Jochen | Director | 2019-08-26 | 2024-04-30 |
| HUBBERT, Juergen, Professor | Director | 2002-12-19 | 2004-11-28 |
| ILLIEN, Mario Josef | Director | — | 2005-09-30 |
| KAELLENIUS, Ola | Director | 2017-01-27 | 2019-05-22 |
| KAELLENIUS, Sten Ola | Director | 2004-12-06 | 2010-08-31 |
| LAUDA, Andreas Nikolaus | Director | 2013-02-04 | 2019-05-20 |
| MAIK, Hans Ulrich | Director | 2002-12-19 | 2004-12-06 |
| MIKULIC, Leopold, Dr | Director | 2005-11-28 | 2010-08-31 |
| MORGAN, Paul Jonathan | Director | — | 2001-05-12 |
| PAYNE, Richard | Director | 1992-07-31 | 1994-05-11 |
| PENSKE, Roger Searle | Director | — | 2005-09-30 |
| PETRI, Helmut | Director | 2002-12-19 | 2003-07-31 |
| SCHAEFER, Markus | Director | 2019-05-22 | 2025-12-12 |
| SCHOEPF, Hans Joachim | Director | 2002-12-19 | 2005-05-31 |
| STARZYNSKI, Christoph | Director | 2022-10-01 | 2024-02-19 |
| WEBER, Thomas, Dr | Director | 2005-06-01 | 2017-01-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mercedes-Benz Holdings Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 226 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-12 | CH01 | officers | Change person director company with change date | |
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | AA | accounts | Accounts with accounts type full | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-20 | AA | accounts | Accounts with accounts type full | |
| 2024-05-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-03-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-24 | AA | accounts | Accounts with accounts type full | |
| 2022-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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%
£359,840,000 £313,042,000
-
Cash
0%
£1,000 £1,000
-
Net assets
+8.3%
£93,508,000 £101,228,000
-
Employees
+0.3%
922 925
-
Operating profit
+85.2%
£17,973,000 £33,279,000
-
Profit before tax
+114.4%
£13,922,000 £29,854,000
-
Wages
+1.4%
£67,171,000 £68,084,000
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