MAHINDRA RACING UK LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  +6%

  £29,133,957 → £30,875,927

  highest in 6 filed years

• Cash

  +113.8%

  £611,238 → £1,307,065

• Net assets

  -85.1%

  £2,460,397 → £366,005

  first positive since 2022

• Employees

  +23.2%

  56 → 69

  highest in 6 filed years

• Operating profit

  -254.8%

  £1,298,867 → -£2,010,114

  lowest in 6 filed years

• Profit before tax

  -273.4%

  £1,208,005 → -£2,094,392

  lowest in 6 filed years

• Wages

  +16%

  £4,652,283 → £5,394,647

  highest in 6 filed years

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

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 102

Reporting scope

Standalone (parent only)

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.”

Significant events

• “Mahindra Racing UK Limited's principal activity is to compete in the FIA Formula E Championship, the world's first all-electric street racing series. It is a founding team and the only Indian team to compete in these races.”
• “The Company has brought all its operations under one roof by setting up a new facility in the United Kingdom and has partnered with various famous brands across the globe.”
• “The company is the Greenest team in Motorsports and the first team in Global Motorsports to be carbon neutral since inception.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.