ATHENA RACING LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2027-01-01 (in 8mo)
Last made up 2025-12-18
Watchouts
Cash
£1M
-7.9% vs 2024
Net assets
£2M
+174.1% vs 2024
Employees
40
-42% vs 2024
Profit before tax
£18M
+362.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- ATHENA RACING LIMITED 2018-04-26 → present
- BEN AINSLIE RACING LIMITED 2013-12-19 → 2018-04-26
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Turnover | £61,009,114 | £45,885,851 | |
| Operating profit | -£6,848,015 | £17,572,126 | |
| Profit before tax | -£6,847,268 | £17,950,990 | |
| Net profit | -£3,414,102 | £21,079,307 | |
| Cash | £1,361,285 | £1,253,392 | |
| Total assets less current liabilities | -£3,157,533 | £2,340,471 | |
| Net assets | -£3,157,533 | £2,340,471 | |
| Equity | -£3,157,533 | £2,340,471 | |
| Average employees | 69 | 40 | |
| Wages | £6,889,889 | £3,923,560 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | -11.2% | 38.3% | |
| Net margin | -5.6% | 45.9% | |
| Return on capital employed | 216.9% | 750.8% | |
| Current ratio | 0.82x | 0.94x | |
| Interest cover | — | 7727.41x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UNW LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors confirm that the company meets its working capital requirements through its operating cashflows and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and having prepared financial forecasts which, having regard for reasonably possible changes in trading performance as a result of the current economic environment, indicate that the company will maintain sufficient financial headroom to enable it to continue meeting its liabilities as they fall due in the normal course of business for at least the next twelve months following approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “During the financial year, the business completed its challenge for the 37th America's Cup”
- “business's title sponsor for the 37th America's Cup campaign ended their sponsorship in January 2025 and the business received immediate additional funding”
- “new America's Cup partnership agreement (signed after the balance sheet date)”
- “On 19 December 2025, Oakley Boa Vista Luxco S.à.r.l. acquired a majority share of the issued share capital of Athena Racing Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AINSLIE, Charles Benedict, Sir | Director | 2013-12-19 | Feb 1977 | British |
| DUBENS, Peter Adam Daiches | Director | 2026-01-13 | Sep 1966 | British |
| SYNETOS, Konstantin | Director | 2026-01-13 | Nov 1989 | German |
| WALKER, Ian James | Director | 2026-01-16 | Feb 1970 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CECIL-WRIGHT, Christopher Andrew | Director | 2018-05-11 | 2021-05-17 |
| HINDLEY, James Andrew | Director | 2014-03-04 | 2017-06-23 |
| ROBINSON, Matthew James | Director | 2017-07-07 | 2026-01-15 |
| SIMMER, Grant Eugene | Director | 2017-11-17 | 2021-03-21 |
| WHITMARSH, Martin Richard | Director | 2015-04-08 | 2017-11-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Adam Daiches Dubens | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2026-01-13 | Active |
| Athena Sports Group Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2025-12-18 | Active |
| Athena Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-06-03 | Ceased 2025-12-18 |
| Mr George Economides | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-05-15 | Ceased 2019-06-03 |
| Ms Eleana Economides | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-05-15 | Ceased 2019-06-03 |
| Mr Richard David Becker | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-15 | Ceased 2019-06-03 |
| Ben Ainslie Racing (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-04-25 |
Filing timeline
Last 20 of 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-03 RESOLUTIONS Resolution
- 2026-01-03 MA Memorandum articles
- 2025-12-05 RESOLUTIONS Resolution
- 2025-11-18 RESOLUTIONS Resolution
- 2025-11-18 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-12 | AA | accounts | Accounts with accounts type full | |
| 2026-03-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-27 | SH01 | capital | Capital allotment shares | |
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-19 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-12 | SH02 | capital | Capital alter shares subdivision | |
| 2026-01-12 | SH08 | capital | Capital name of class of shares | |
| 2026-01-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-03 | MA | incorporation | Memorandum articles | |
| 2025-12-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-02 | SH01 | capital | Capital allotment shares | |
| 2025-11-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-18 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 4
- Officers appointed
- 3
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-06-30 vs 2024-06-30
-
Turnover
-24.8%
£61,009,114 £45,885,851
-
Cash
-7.9%
£1,361,285 £1,253,392
-
Net assets
+174.1%
-£3,157,533 £2,340,471
-
Employees
-42%
69 40
-
Operating profit
+356.6%
-£6,848,015 £17,572,126
-
Profit before tax
+362.2%
-£6,847,268 £17,950,990
-
Wages
-43.1%
£6,889,889 £3,923,560
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