MERCEDES-BENZ GRAND PRIX LTD
The company operates the Mercedes-AMG Petronas Formula One Team, managing the design, manufacture, and racing of its motorsport vehicles from its headquarters in Brackley.
Get an alert when MERCEDES-BENZ GRAND PRIX LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£29M
-44% vs 2024
Net assets
£240M
+4.2% vs 2024
Employees
1,348
+1.9% vs 2024
Profit before tax
£168M
+6.4% 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.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £632,117,000 | £633,378,000 | +0.2% | |
| Operating profit | £156,152,000 | £166,707,000 | +6.8% | |
| Profit before tax | £158,371,000 | £168,472,000 | +6.4% | |
| Net profit | £116,899,000 | £125,905,000 | +7.7% | |
| Cash | £52,613,000 | £29,489,000 | -44% | |
| Total assets less current liabilities | £230,227,000 | £439,248,000 | +90.8% | |
| Net assets | £230,227,000 | £239,983,000 | +4.2% | |
| Equity | £230,227,000 | £239,983,000 | +4.2% | |
| Average employees | 1,323 | 1,348 | +1.9% | |
| Wages | £109,903,000 | £137,172,000 | +24.8% | |
| Directors' remuneration | £4,462,000 | £9,528,000 | +113.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 24.7% | 26.3% | |
| Net margin | 18.5% | 19.9% | |
| Return on capital employed | 67.8% | 38.0% | |
| Gearing (liabilities / total assets) | 47.6% | 52.9% | |
| Current ratio | 3.89x | 4.41x |
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.
Name history
Renamed 7 times since incorporation
- MERCEDES-BENZ GRAND PRIX LTD 2010-01-15 → present
- BRAWN GP LIMITED 2009-03-06 → 2010-01-15
- HONDA GP LIMITED 2006-01-10 → 2009-03-06
- BAR HONDA GP LIMITED 2005-01-26 → 2006-01-10
- BARGP LIMITED 2005-01-10 → 2005-01-26
- BRITISH AMERICAN RACING GP LIMITED 1998-11-27 → 2005-01-10
- BRITISH AMERICAN RACING GRAND PRIX LIMITED 1998-11-10 → 1998-11-27
- TYRRELL RACING ORGANISATION LIMITED 1964-01-09 → 1998-11-10
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- 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 Group or the Company or to cease their operations, and as they have concluded that the Group and 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 their 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
- MERCEDES-BENZ GRAND PRIX LTD · parent
- Mercedes-Benz Grand Prix Estates Limited 100%
- Mercedes-Benz Motorsport Limited 100%
Significant events
- “In October, we announced that our driver pairing of Russell and Antonelli would continue into the 2026 season, providing continuity into the most significant reset of Technical Regulations for over a decade. In November, George Kurtz, CEO and Founder of CrowdStrike, became a co-owner of the team through a minority acquisition in Toto Wolff's ownership entity Motorsports Invest. George also became Technology Advisor and joined the team's Strategic Steering Committee. In March 2025, Formula One and all 11 teams confirmed the signing of the commercial elements of the 2026 Concorde Agreement and later in December, Formula One, the FIA and all 11 teams finalised the Governance Agreement, with the combined effect securing the future of the sport through to 2030.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 60 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DONAGHY, Carrie | Secretary | 2021-01-01 | — | — |
| BERGER, Rene | Director | 2013-08-30 | Jun 1972 | Austrian |
| BURZER, Joerg Theodor, Dr | Director | 2026-01-01 | Jan 1970 | German |
| CURRIE, Andrew Christopher | Director | 2022-01-25 | Dec 1955 | British |
| GINNS, Jonathan Frank, Mr. | Director | 2022-01-25 | Nov 1973 | British |
| SCHIEBE, Michael | Director | 2023-12-14 | Jul 1983 | German |
| WOLFF, Toto | Director | 2013-08-30 | Jan 1972 | Austrian |
Show 60 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERMAN, James Oliver | Secretary | 1997-11-28 | 1998-09-03 |
| KERR, Nigel Brian | Secretary | 2016-12-14 | 2017-07-21 |
| KERR, Nigel Brian | Secretary | 2006-05-31 | 2007-01-24 |
| KERR, Nigel | Secretary | 2002-07-30 | 2005-04-27 |
| KOOPMAN, George Arthur | Secretary | 1994-02-02 | 1997-11-28 |
| MCGRORY, Caroline Maria | Secretary | 2007-01-24 | 2016-11-29 |
| MCGRORY, Caroline Maria | Secretary | 2005-04-27 | 2006-05-31 |
| RAO-SADOUN, Shaila Ann | Secretary | 2019-03-11 | 2020-12-31 |
| RIVERS, Nigel Patrick | Secretary | 1998-09-03 | 2002-04-30 |
| RUMSEY, Oliver James | Secretary | 2017-07-21 | 2019-03-19 |
| TYRRELL, Norah Isobel | Secretary | — | 1994-02-02 |
| YOUNG, Alastair James | Secretary | 2002-05-01 | 2002-07-30 |
| ABE, Hiroshi | Director | 2008-04-01 | 2009-03-05 |
| AL MEHAIRI, Khalifa Hamad | Director | 2012-07-29 | 2012-12-19 |
| AL MEHAIRI, Khalifa Hamad Obaid Hamad | Director | 2010-06-17 | 2011-03-23 |
| AL QUBAISI, Khadem | Director | 2011-03-23 | 2011-05-20 |
| AL-HUSSEINY, Mohamed Badawy | Director | 2009-12-23 | 2012-03-21 |
| BERNHARD, Wolfgang Ludwig, Dr | Director | 2013-02-11 | 2017-03-03 |
| BLAIR, Gordon Scott | Director | 2009-03-05 | 2009-12-23 |
| BRAWN, Ross James | Director | 2009-03-05 | 2011-03-23 |
| BROOKES, Nicholas George | Director | 2005-09-20 | 2005-12-20 |
| FORBES, David John | Director | 2009-12-23 | 2010-05-05 |
| FRY, Nicholas Richard | Director | 2002-07-30 | 2009-12-23 |
| GORNE, Richard Joseph | Director | 1997-11-28 | 2000-03-14 |
| HAUG, Norbert | Director | 2009-12-23 | 2013-01-17 |
| IAPACHINO, Alex Richter | Director | 2012-03-21 | 2012-07-29 |
| ISMAIK, Hasan Abdullah Mohamed | Director | 2011-05-20 | 2011-11-13 |
| JAKOBI, Julian | Director | 1997-11-28 | 1998-09-02 |
| JOHNSTON, Bruce Robrrt Richard | Director | 1997-11-28 | 1999-02-22 |
| KALLENIUS, Sten Ola | Director | 2013-10-01 | 2019-05-22 |
| KERR, Nigel Brian | Director | 2002-07-30 | 2009-12-23 |
| KOOPMAN, George Arthur | Director | 1994-02-02 | 1997-11-28 |
| LAUDA, Andreas Nikolaus | Director | 2012-10-17 | 2019-05-20 |
| LOWE, Patrick Allen | Director | 2015-03-18 | 2017-02-03 |
| MARSDEN, John Lionel | Director | 2009-03-05 | 2009-12-23 |
| MCGRORY, Caroline Maria | Director | 2009-03-05 | 2009-12-23 |
| MCGRORY, Caroline Maria | Director | 2005-01-07 | 2005-01-07 |
| MOWRY, Brandt Robert | Director | 2012-03-21 | 2012-07-29 |
| NAKAJIMA, Satoru | Director | 1996-12-10 | 1998-02-22 |
| NEDIGER, Alex | Director | 2020-06-29 | 2022-01-25 |
| POLLOCK, Craig | Director | 1997-11-28 | 2005-01-07 |
| POSTLETHWAITE, Harvey Ernest | Director | 1994-02-02 | 1997-11-28 |
| REYNARD, Adrian John, Dr | Director | 1997-11-28 | 2002-05-21 |
| RICHARDS, David Pender | Director | 2002-05-21 | 2004-11-25 |
| SCHIEMER, Philipp | Director | 2021-02-18 | 2023-12-14 |
| SCHMIDT, Joachim, Dr | Director | 2013-02-11 | 2013-10-01 |
| SCHMIDT, Joachim, Dr | Director | 2009-12-23 | 2012-10-17 |
| SCHÄFER, Markus | Director | 2019-03-11 | 2025-12-31 |
| SEEGER, Britta | Director | 2017-01-24 | 2021-02-18 |
| SULLIVAN, James John | Director | 2012-07-29 | 2012-12-19 |
| TANAKA, Shoichi | Director | 2005-01-07 | 2005-04-27 |
| TYRRELL, Norah Isobel | Director | — | 1997-11-28 |
| TYRRELL, Robert Kenneth | Director | — | 1997-11-28 |
| TYRRELL, Robert Leonard | Director | — | 1997-11-28 |
| UEBBER, Bodo Knut | Director | 2017-03-14 | 2019-05-22 |
| WADA, Yasuhiro | Director | 2005-04-27 | 2008-03-31 |
| WADEY, Neil Arthur | Director | 1999-02-22 | 1999-07-27 |
| WEBER, Frank Markus | Director | 2019-07-24 | 2020-06-29 |
| WEBER, Thomas, Dr | Director | 2009-12-23 | 2017-01-24 |
| YOUNG, Alastair James | Director | 1999-07-27 | 2002-07-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Motorsports Invest Limited | Corporate entity | Shares 25–50% | 2022-01-25 | Ceased 2026-04-21 |
| Ineos Industries Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2022-01-25 | Active |
| Mr Toto Wolff | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-01-25 |
| Motorsports Invest Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2016-04-16 |
| Mercedes-Benz Holdings Uk Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
| Mr Toto Wolff | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 329 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-31 RESOLUTIONS Resolution
- 2024-10-31 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-07 | AA | accounts | Accounts with accounts type group | |
| 2026-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-19 | AA | accounts | Accounts with accounts type group | |
| 2025-04-07 | SH01 | capital | Capital allotment shares | |
| 2025-04-01 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-01-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-12 | SH01 | capital | Capital allotment shares | |
| 2024-10-31 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-31 | MA | incorporation | Memorandum articles | |
| 2024-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 1
- 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.