FORMULA MOTORSPORT LIMITED

1. FORMULA MOTORSPORT LIMITED 2017-03-15 → present
2. GP2 MOTORSPORT LIMITED 2005-01-19 → 2017-03-15
3. GRAND PRIX 2 MOTORSPORT LIMITED 2004-01-21 → 2005-01-19
4. F2 MOTORSPORT LIMITED 2004-01-12 → 2004-01-21
5. F2 MOTORSPORTS LIMITED 2003-12-18 → 2004-01-12

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 101

Reporting scope

Standalone (parent only)

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”

Significant events

• “F2 ran in support at 14 F1 GPs (2023-13), including 6 races outside Europe (2023-5), with F3 supporting 10 F1 GPs (2023-9), including 2 races outside Europe (2023-2). The Emilia Romagna Grand Prix at Imola, cancelled in 2023 due to the severe flooding in the region, returned to the calendar.”
• “2024 was the first season of a new F2 vehicle cycle 11 competing teams running 22 cars (2023-22 cars), with F3 staging the final /third year of its own cycle, with 10 teams running 30 cars (2023-30 cars).”
• “In 2024 F2 and F3 retained both FIA Three-Star Environmental Accreditation, the highest level of environmental sustainability recognition from the sport's governing body, and accreditation to ISO20121: 2012, which was re-certified in respect of the Group's planning of events for F1, F2 and F3.”
• “The introduction of the use of 55% advanced sustainable fuel, in partnership with Aramco, an F1 Global Partner and Official Fuel Supplier to the F2 and F3, acting as a test bed to help develop and test the fuels of the future to shape the F1 of the future and its plan to introduce 100% advanced sustainable fuels to F1 in 2026.”

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

  +24.4%

  £56,210,992 → £69,945,388

• Cash

  0%

  £1,734 → £1,734

• Net assets

  +44.5%

  £38,635,576 → £55,833,911

• Employees

  -75%

  4 → 1

• Operating profit

  +43.1%

  £15,687,413 → £22,444,521

• Profit before tax

  +42.4%

  £16,103,502 → £22,929,958

• Wages

  -70%

  £664,008 → £199,376

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