FORMULA ONE TOPCO LIMITED
Get an alert when FORMULA ONE TOPCO LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£6B
-1.8% vs 2023
Employees
—
Average over period
Profit before tax
-£2M
-100.6% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£2,793,921 | -£2,023,721 | |
| Profit before tax | £330,822,832 | -£2,025,204 | |
| Net profit | £333,535,211 | £1,116,383 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | £6,005,126,761 | £5,895,049,666 | |
| Equity | £6,005,126,761 | £5,895,049,666 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Interest cover | -1883.97x | -1364.61x |
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 101
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“The directors consider the performance of the company during the year to be both satisfactory and in line with expectations, and believe the company is in a sound position at the balance sheet date. ... For the reasons discussed above, the directors are confident that the company has adequate resources to continue to meet all liabilities as and when they fall due for at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements are prepared on a going concern basis.”
Group structure
- FORMULA ONE TOPCO LIMITED · parent
- Allsport Management SA 100%
- Alpha Prema UK Limited 100%
- Beta Holdings Limited 100%
- Delta 2 (Lux) S.à. r.l. 100%
- Delta 3 (UK) Limited 100%
- Formula One Research, Engineering and Development Limited 100%
- Formula Motorsport Limited 100%
- F1 Academy Limited 100%
- Formula One Administration Limited 100%
- Formula One Asset Management Limited 100%
- Formula One Digital Media Limited 100%
- Formula One Hospitality and Event Services Limited 100%
- Formula One Licensing BV 100%
- Formula One Management Limited 100%
- Formula One Marketing Limited 100%
- Formula One Marketing II Limited 100%
- Formula One Marketing US, Inc. 100%
- Formula One World Championship Limited 100%
- Las Vegas Grand Prix, Inc. 100%
- SLEC Holdings Limited 100%
Significant events
- “On 27 February 2024 the company paid a cash dividend of $150.0m to its immediate parent Liberty GR HCL.”
- “On 19 December 2024 the company's subsidiary Delta 2 underwent a capital reduction exercise, repaying $131.0m to the company, so reducing the company's cost of investment in its subsidiaries (see note 10).”
- “On 2 January 2025 the company paid a cash dividend of $130.9m to its parent Liberty GR HCL.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SJ SECRETARIES LIMITED | Corporate Secretary | 2018-01-05 | — | — |
| BABIKER, Adam | Director | 2025-02-20 | Feb 1980 | British |
| CAREY, Charles Gordon | Director | 2025-01-01 | Nov 1953 | American |
| CHANG, Derek | Director | 2026-02-24 | Mar 1968 | American |
| DOMENICALI, Stefano | Director | 2021-03-18 | May 1965 | Italian |
| LLOWARCH, Duncan Francis | Director | 2018-01-05 | Apr 1968 | British |
| WILM, Renee Lynn | Director | 2019-09-23 | Mar 1974 | American |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AL-KHALIFA, Shaik Mohammed Bin Essa | Director | 2018-01-05 | 2020-12-31 |
| ANTHONY, Laurence | Director | 2024-09-17 | 2025-02-22 |
| BAER, Richard Norman | Director | 2018-01-05 | 2019-09-23 |
| BRABECK-LETMATHE, Peter | Director | 2018-01-05 | 2020-01-31 |
| BRAWN, Ross James | Director | 2018-01-05 | 2021-03-18 |
| CAMILLERI, Louis Carey | Director | 2018-09-21 | 2020-12-30 |
| CAREY, Charles Gordon | Director | 2018-01-05 | 2022-12-31 |
| MACKENZIE, Alexander Donald | Director | 2018-01-05 | 2018-07-26 |
| MAFFEI, Gregory Ben | Director | 2018-01-05 | 2024-12-31 |
| MARCHIONNE, Sergio | Director | 2018-01-05 | 2018-07-25 |
| ROSENTHALER, Albert Edwin | Director | 2018-01-05 | 2021-03-29 |
| UEBBER, Bodo Knut | Director | 2018-01-05 | 2019-05-22 |
| WOODWARD HILL, Sacha Jane | Director | 2018-01-05 | 2024-09-19 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 38 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-02-25 OSCC01 Change constitutional documents overseas company with date
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-07 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-04-01 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-02-11 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-01-14 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-11-12 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-10-14 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-11-01 | AA | accounts | Accounts with accounts type full | |
| 2023-01-27 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-07-05 | AA | accounts | Accounts with accounts type full | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-07-20 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2021-07-05 | AA | accounts | Accounts with accounts type full | |
| 2021-05-20 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2021-05-20 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2021-02-25 | OSCC01 | change-of-constitution | Change constitutional documents overseas company with date | |
| 2021-01-20 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2021-01-20 | OSTM01 | officers | Termination person director overseas company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-1.8%
£6,005,126,761 £5,895,049,666
-
Employees
—
Not reported
-
Operating profit
+27.6%
-£2,793,921 -£2,023,721
-
Profit before tax
-100.6%
£330,822,832 -£2,025,204
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