PIRELLI MOTORSPORT SERVICES LIMITED

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Rostance Edwards Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The company has renewed the contract for another three years to the end of 2027, with an option for the FIA to extend one further year.”
• “On 6 March 2024 The Board of Directors of Pirelli & C. SpA approved the update of the "Industrial Plan Update 2024-2025".”
• “Adoption of Group Policies - Pirelli is heavily focused on its compliance activities and provides policies with guidance and training to its employees to protect and guard against such risks. The company adopts the Pirelli Group anti-corruption programme through a board resolution on an annual basis.”
• “On 6 March 2024 the Board of Directors approved the UK Tax Policy having confirmed its alignment with the overarching tax policy and strategy established by the Group.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +8.1%

  £38,414,000 → £41,537,000

• Cash

  +116.8%

  £190,000 → £412,000

• Net assets

  -77.2%

  £4,127,000 → £943,000

• Employees

  +4.4%

  45 → 47

• Operating profit

  +9.9%

  £1,248,000 → £1,371,000

• Profit before tax

  -3.4%

  £1,290,000 → £1,246,000

• Wages

  +10.8%

  £2,693,000 → £2,983,000

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