TWG CADILLAC FORMULA 1 TEAM LIMITED
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Cash
£7.7m
+35.3% highest in 3 filed years
Net assets
£189m
+3,084.7% highest in 3 filed years
Employees
307
+248.9% highest in 3 filed years
Profit before tax
-£120m
-164.3% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | £610,000 | — | |
| Operating profit | -£2,150,548 | -£44,718,000 | -£120,841,000 | -170.2% | |
| Profit before tax | -£2,150,548 | -£45,449,000 | -£120,108,000 | -164.3% | |
| Net profit | -£2,150,548 | -£46,096,000 | -£121,923,000 | -164.5% | |
| Cash | £713,481 | £5,683,000 | £7,688,000 | +35.3% | |
| Total assets less current liabilities | -£739,267 | £10,756,000 | £196,356,000 | +1,725.5% | |
| Net assets | -£739,267 | £5,928,000 | £188,789,000 | +3,084.7% | |
| Equity | -£739,267 | £5,928,000 | £188,789,000 | +3,084.7% | |
| Average employees | 46 | 88 | 307 | +248.9% | |
| Wages | £380,840 | £8,630,000 | £29,391,000 | +240.6% | |
| Directors' remuneration | — | — | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | — | -415.7% | -61.5% | |
| Gearing (liabilities / total assets) | 106.6% | 85.7% | 25.0% | |
| Current ratio | 0.68x | 0.85x | 2.54x | |
| Interest cover | — | -61.17x | — |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- TWG CADILLAC FORMULA 1 TEAM LIMITED 2025-03-19 → present
- GPM CADILLAC FORMULA RACING LIMITED 2024-12-16 → 2025-03-19
- CADILLAC FORMULA RACING LIMITED 2024-12-13 → 2024-12-16
- ANDRETTI RACING LIMITED 2022-06-24 → 2024-12-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the director considers to be appropriate for the following reasons: ... TWG Cadillac Formula 1 Team LLC has indicated its intention to continue to make available such funds as needed by the Company during the going concern assessment period.”
Significant events
- “The Company passed a special resolution on 16 March 2025 to change its name from GPM Cadillac Formula Racing Limited to TWG Cadillac Formula 1 Team Limited.”
- “After the reporting date, the Company received additional capital contributions totaling £96.3m up to March 2026, from TWG Cadillac Formula 1 Team, LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TOWRISS, Daniel Jonathan | Director | 2022-06-24 | Jul 1972 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mark Richard Walter | Individual | Significant influence | 2022-06-24 | Active |
Filing timeline
Last 15 of 15 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-07-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-19 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-12-16 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-12-13 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-10 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-06-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-08 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-06-24 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.