PRODRIVE MOTORSPORT LIMITED

1. PRODRIVE MOTORSPORT LIMITED 2001-12-03 → present
2. PRODRIVE LIMITED 1987-01-15 → 2001-12-03
3. D.R. AUTOSPORT PRODUCTS AND DISTRIBUTION LIMITED 1983-12-12 → 1987-01-15

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

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the Group's forecasts and projections, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. PRODRIVE MOTORSPORT LIMITED · parent
   1. Aston Martin Racing Limited 100%
   2. Rally 2011 Limited 100%
   3. Hybraero Limited 50% · England

Significant events

• “Turnover increased in 2024 reflecting the volume of racing and engineering development activity and projects which took place during the year. The business experienced considerably growth during 2024. However, high inflation, rising raw material prices, increases in labour cost, supply chain issues and uncertainties in the economy all affected profitability. This led to a restructure of business operations designed to reduce cost and improve efficiency.”
• “2024 was our fortieth anniversary year and we hosted a Prodrive Day in Banbury town centre on 22 September which was attended by approximately five thousand visitors. They experienced car collections, rides and other motorsport orientated activities. Our charity partners participated in the day which helped raise money for this year's nominated charities.”
• “As part of our anniversary celebrations, we also hosted an event at the RAC Club in London and sponsored the Shelsley Walsh Classic Nostalgia event in the summer. This saw a number of Prodrive vehicles participate in the historic motorsport hill climb, an event attended by thousands of motorsport fans.”
• “We employed a new Sustainability Advisor in September to support and accelerate our Net Zero journey following our success in being awarded two-star status of the FIA's environmental accreditation programme.”
• “Our Advanced Technology business was recertified with ISO:14001 accreditation.”
• “The beginning of 2024 saw the leadership team participating in a Leading Change at Prodrive conference to equip them with the tools to manage change effectively, ahead of reorganisations across the business to improve efficiencies of operations and processes.”

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

0

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

  +46.9%

  £57,622,000 → £84,621,000

• Cash

  -92%

  £7,827,000 → £626,000

• Net assets

  -2.5%

  £14,874,000 → £14,509,000

• Employees

  +23.8%

  193 → 239

• Operating profit

  -122.7%

  £3,827,000 → -£868,000

• Profit before tax

  -122.9%

  £3,799,000 → -£871,000

• Wages

  +25.9%

  £9,048,000 → £11,393,000

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