FORMULA ONE HOSPITALITY AND EVENT 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 Reduced Disclosure Framework

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 ("the going concern period").”

Significant events

• “The 2024 Championship consisted of 24 events (2023-22 events), with 15 "flyaway" events outside Europe (2023-14 events).”
• “The two additional events in the year were the Emilia Romagna Grand Prix at Imola, which had been cancelled in the prior year due to the severe flooding in the region, and the return to the calendar of the Chinese Grand Prix for the first time since 2019.”
• “During the year the company operated the Paddock Club at 20 events compared to 18 in 2023.”
• “On 19 December 2024 the company declared and distributed a dividend in-specie to its parent FOML, in the form of a $3.8m receivable, due from a fellow F1 subsidiary (2023 - $Nil).”

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

  +19%

  £192,739,066 → £229,433,655

• Cash

  —

  Not reported

• Net assets

  -15.1%

  £9,025,204 → £7,659,007

• Employees

  —

  Not reported

• Operating profit

  +108.8%

  £1,332,839 → £2,783,543

• Profit before tax

  +103.2%

  £1,375,834 → £2,796,145

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