SLEC HOLDINGS 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)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

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 to be in a sound position at the balance sheet date. The directors believe the effect of the ongoing arrangements will be to allow the company to continue to meet its obligations as they fall due. 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").”

Group structure

1. SLEC HOLDINGS LIMITED · parent
   1. Formula One Administration Limited 100% · England and Wales · Intellectual property ownership
   2. Formula One Asset Management Limited 100% · England and Wales · Intellectual property ownership
   3. Formula One Licensing BV 100% · Netherlands · Intellectual property ownership
   4. Formula One Management Limited 100% · England and Wales · Formula 1 management, administrative and technical services
   5. Formula One World Championship Limited 100% · England and Wales · Formula 1® commercial rights exploitation

Significant events

• “In August 2020 FOWC, the company, the FIA and the teams entered into the 2021 Concorde Agreement, securing the commitment of the teams to continue participating in the Championship from 1 January, 2021 until 31 December, 2025, and governing the relationship between the parties during that period.”
• “With the approaching expiry of the 2021 Concorde at the end of 2025, the Group is making good progress in discussions with the teams to agree terms for their continued participation in the Championship in 2026 and beyond, and is confident terms will be agreed in due course.”
• “On 23 January 2017 the Jersey registered company's then ultimate parent undertaking Delta Topco was acquired by Liberty.”
• “Most recently, the 2023 Emilia-Romagna Grand Prix was cancelled due to severe flooding in the region. Additionally, the 2022 Russian Grand Prix was cancelled due to circumstances arising from Russia's invasion of Ukraine, and during the 2021 and 2020 seasons, a number of events were cancelled and/or replaced due to the COVID-19 pandemic.”

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

Filings

1

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  £1,472,373,610 → £1,472,373,610

• Employees

  —

  Not reported

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