MCLAREN RACING LIMITED
Operating as the McLaren Mastercard F1 Team, the company is a British motor racing constructor and a subsidiary of the Mumtalakat-owned McLaren Group.
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Cash
£140m
-34.7% vs 2024
Net assets
£46m
-23.7% vs 2024
Employees
1,246
+11% vs 2024
Profit before tax
-£44m
-228.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs 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 | £488,393,000 | £588,483,000 | +20.5% | |
| Operating profit | £48,462,000 | -£42,758,000 | -188.2% | |
| Profit before tax | £34,206,000 | -£43,849,000 | -228.2% | |
| Net profit | £53,836,000 | -£17,360,000 | -132.2% | |
| Cash | £214,014,000 | £139,702,000 | -34.7% | |
| Total assets less current liabilities | £124,601,000 | £115,526,000 | -7.3% | |
| Net assets | £60,212,000 | £45,948,000 | -23.7% | |
| Equity | £60,212,000 | £45,948,000 | -23.7% | |
| Average employees | 1,123 | 1,246 | +11% | |
| Wages | £109,851,000 | £130,625,000 | +18.9% | |
| Directors' remuneration | £37,252,000 | £110,894,000 | +197.7% | |
| Highest paid director | £37,203,000 | £81,897,000 | +120.1% |
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 | 9.9% | -7.3% | |
| Net margin | 11.0% | -2.9% | |
| Return on capital employed | 38.9% | -37.0% | |
| Gearing (liabilities / total assets) | 89.8% | 92.3% | |
| Current ratio | 1.09x | 1.04x | |
| Interest cover | 1.66x | -2.59x |
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 1 time since incorporation
- MCLAREN RACING LIMITED 2003-12-08 → present
- MCLAREN INTERNATIONAL LIMITED 1980-09-16 → 2003-12-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the Directors are confident that the Company have sufficient funds to continue to meet their liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- MCLAREN RACING LIMITED · parent
- McLaren Marketing Limited 100%
- McLaren Triple Crown Limited 100%
- McLaren Electric Racing Limited 100%
- McLaren NewCo (No.2) Limited 100%
- McLaren Racing US LLC 100%
- McLaren Indy LLC 100%
- McLaren Golf LLC 45.8%
Significant events
- “In September 2025 the Company repaid the loan notes and the shares held by the investors were acquired by McLaren Group Limited.”
- “In January 2026, a UK judge ruled that McLaren Racing has been awarded damages of over $12 million to compensate the business for the commercial loss following IndyCar driver Alex Palou's breach of contract.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MURNANE, Timothy Nicholas | Secretary | 2004-09-01 | — | British |
| AL DABBAS, Hashem | Director | 2025-04-02 | Jun 1985 | Jordanian |
| AL KHALIFA, Shaikh Mohamed Isa Mohamed Isa | Director | 2025-10-28 | Apr 1969 | Bahraini |
| BROWN, Zakary Challen | Director | 2018-07-25 | Nov 1971 | American |
| COLLINS, Nicholas Paul | Director | 2025-04-02 | Dec 1974 | British |
| GRIFFITHS, Cromwell Lloyd William | Director | 2020-12-22 | Sep 1971 | Bahraini |
| HAQ, Samer Salah Abdel | Director | 2025-10-28 | Sep 1975 | Emirati |
| OJJEH, Sultan Mansour Akram | Director | 2025-10-28 | Nov 1991 | French |
| SHARAFI, Noor Yusuf | Director | 2025-10-28 | Sep 1982 | Bahraini |
| SKAF, Eddy Georges | Director | 2025-10-28 | Jan 1974 | Lebanese |
| SYED, Omar Ali | Director | 2023-05-31 | Jul 1974 | Canadian,British |
| WALSH, Paul Steven | Director | 2020-12-17 | May 1955 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ILLMAN, Robert James | Secretary | — | 2004-09-01 |
| AL KHALIFA, Mohammed Bin Isa Bin Mohammed, Shaikh | Director | 2020-12-17 | 2025-04-02 |
| ALLERT, John Maxwell | Director | 2018-07-25 | 2020-05-28 |
| BROWN, Stephen Creighton | Director | — | 1994-02-01 |
| BUDDIN, Paul Anthony | Director | 2018-07-25 | 2020-12-22 |
| COOPER, John Philip | Director | 2005-02-25 | 2019-08-04 |
| CORDES, Eckhard, Dr | Director | 2004-12-08 | 2005-09-01 |
| DENNIS, Ronald, Sir | Director | 2014-09-12 | 2017-07-20 |
| DENNIS, Ronald | Director | — | 2009-05-28 |
| FERRY, Catherine Elizabeth | Director | 2021-06-29 | 2023-05-31 |
| HAUG, Norbert | Director | 2005-11-23 | 2009-11-10 |
| HUBBERT, Jurgen, Professor | Director | 2000-01-19 | 2004-12-08 |
| ILLMAN, Robert James | Director | — | 2004-10-31 |
| MOORAD, Jeffrey Shawn | Director | 2020-12-17 | 2025-09-02 |
| MURNANE, Timothy Nicholas | Director | 2000-07-01 | 2020-12-22 |
| MURRAY, Ian Gordon, Professor | Director | — | 1994-02-01 |
| NAJAFI, Jamshid Jahm | Director | 2020-12-17 | 2025-09-02 |
| NEALE, Jonathan | Director | 2001-04-09 | 2020-12-22 |
| NEWEY, Adrian Martin | Director | 1997-08-01 | 2005-12-07 |
| OJJEH, Abdulaziz | Director | — | 2011-01-01 |
| OJJEH, Mansour Akram | Director | — | 2018-07-26 |
| OJJEH, Sultan Mansour Akram | Director | 2020-12-22 | 2025-04-02 |
| SEIDL, Andreas | Director | 2019-08-05 | 2022-12-13 |
| TRELLES ZABALA, Rodrigo | Director | 2020-12-18 | 2025-09-02 |
| TREZISE, David Philip | Director | — | 2005-10-17 |
| VITOUX, Daniel | Director | 2015-07-28 | 2015-08-21 |
| WASSON, Baxter | Director | 2020-12-22 | 2025-09-02 |
| WHITMARSH, Martin Richard | Director | — | 2014-07-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mclaren Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-08-03 | Active |
| Ubs Group Ag | Corporate entity | Significant influence | 2020-12-17 | Ceased 2025-09-02 |
| Jeffrey Shawn Moorad | Individual | Significant influence | 2020-12-17 | Ceased 2025-09-02 |
| Jamshid Jahm Najafi | Individual | Significant influence | 2020-12-17 | Ceased 2025-09-02 |
| Mclaren Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-11-30 | Ceased 2021-08-03 |
| Mclaren Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2018-11-30 |
Filing timeline
Last 20 of 260 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-13 MA Memorandum articles
- 2025-11-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-19 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-11-13 | MA | incorporation | Memorandum articles | |
| 2025-11-13 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 5
- 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.