MSV GROUP LIMITED

1. MSV GROUP LIMITED 2005-05-12 → present
2. ROADCOAST LIMITED 2003-11-25 → 2005-05-12

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

Crowe UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group's forecast for the period up to 31 December 2026 shows that it will meet its obligations and liabilities as they fall due through that forecast period. The directors have assessed the group forecasts and have not identified any plausible scenario which would indicate the existence of a material uncertainty. The group operates centralised treasury and banking arrangements and the various companies within it benefit from the support of each other. The directors have assessed those arrangements and the availability of funds within the group during the forecast period. On the basis of these assessments the directors consider that the group will be able to continue in operational existence for the foreseeable future and thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. MSV GROUP LIMITED · parent
   1. Motorsport Vision Ltd · UK · Operation of motor racing circuits and related ancillary activities
   2. J.P.M. Ltd · UK · Provision of corporate track events and related ancillary activities
   3. Motorsport Vision Racing Ltd · UK · Organisation of racing events
   4. Motorsport Vision Racing Club Ltd · UK · Organisation of racing events
   5. MSV Investar Ltd 98% · UK · Racing driver investment and sponsorship - dormant
   6. Formula Two Ltd · UK · Operation of racing series - dormant
   7. National Motor Racing Archive · UK · Preservation of motor racing history - dormant
   8. MSV France SAS · France · Operation of motor racing circuits
   9. Motorsport Vision Spain SL · Spain · Operation of motor racing circuits

Significant events

• “In 2022 the group expanded its activities in Europe with the formation of Motorsport Vision Spain SL for the purposes of acquiring the "Circuito de Navarra" motor racing circuit in Northern Spain and to that end signed a lease to operate the circuit whilst negotiations for the freehold purchase were progressed. In May 2023, the sale and purchase agreement for the Navarra circuit freehold was executed by all parties at a cost of €7,000,000. During the year Motorsport Vision Spain continued to operate the circuit under the 2022 lease agreement as certain conditions for the freehold purchase had not been satisfied by the seller. When those conditions are satisfied, payment will become due in three instalments 12 months apart over a 24 month period.”
• “At 31 December 2024 there are £8,060,000 (2023: £nil) of capital costs that have been committed to but not provided for in these financial statements. These costs relate to balance instalments payable on the group's new aeroplane. £2,840,000 due July 2026 and £5,220,000 on delivery towards the end of 2026.”
• “In July 2025 the company secured lending facilities with HSBC to finance continued investment in the group's projects. The facilities include a £30,000,000 term loan repayable over 4 years and a £10,000,000 revolving credit facility available for a minimum of 4 years.”

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

Filings

4

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

  -2.7%

  £68,700,000 → £66,848,000

• Cash

  -65.8%

  £18,387,000 → £6,293,000

• Net assets

  -21.8%

  £48,665,000 → £38,055,000

• Employees

  +16.6%

  673 → 785

• Operating profit

  -17.1%

  £12,466,000 → £10,338,000

• Profit before tax

  -16.8%

  £13,279,000 → £11,048,000

• Wages

  +8%

  £13,439,000 → £14,516,000

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