mercedes-benz grand prix ltd

Live MatureMegaHigh

mercedes-benz grand prix ltd Company Information

Share MERCEDES-BENZ GRAND PRIX LTD

Company Number

00787446

Directors

Toto Wolff

Torger Wolff

View All

Shareholders

ineos industries holdings limited

mercedes-benz holdings uk limited

View All

Group Structure

View All

Industry

Other sports activities (not including activities of racehorse owners) n.e.c.

 

Registered Address

operations centre lauda drive, brackley, northamptonshire, NN13 7BD

mercedes-benz grand prix ltd Estimated Valuation

£831.3m

Pomanda estimates the enterprise value of MERCEDES-BENZ GRAND PRIX LTD at £831.3m based on a Turnover of £546.5m and 1.52x industry multiple (adjusted for size and gross margin).

mercedes-benz grand prix ltd Estimated Valuation

£804.3m

Pomanda estimates the enterprise value of MERCEDES-BENZ GRAND PRIX LTD at £804.3m based on an EBITDA of £136m and a 5.91x industry multiple (adjusted for size and gross margin).

mercedes-benz grand prix ltd Estimated Valuation

£343.5m

Pomanda estimates the enterprise value of MERCEDES-BENZ GRAND PRIX LTD at £343.5m based on Net Assets of £183.5m and 1.87x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Mercedes-benz Grand Prix Ltd Overview

Mercedes-benz Grand Prix Ltd is a live company located in northamptonshire, NN13 7BD with a Companies House number of 00787446. It operates in the other sports activities sector, SIC Code 93199. Founded in January 1964, it's largest shareholder is ineos industries holdings limited with a 33.3% stake. Mercedes-benz Grand Prix Ltd is a mature, mega sized company, Pomanda has estimated its turnover at £546.5m with high growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Mercedes-benz Grand Prix Ltd Health Check

Pomanda's financial health check has awarded Mercedes-Benz Grand Prix Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £546.5m, make it larger than the average company (£621.3k)

£546.5m - Mercedes-benz Grand Prix Ltd

£621.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.9%)

15% - Mercedes-benz Grand Prix Ltd

8.9% - Industry AVG

production

Production

with a gross margin of 24.3%, this company has a higher cost of product (41%)

24.3% - Mercedes-benz Grand Prix Ltd

41% - Industry AVG

profitability

Profitability

an operating margin of 20.8% make it more profitable than the average company (1.5%)

20.8% - Mercedes-benz Grand Prix Ltd

1.5% - Industry AVG

employees

Employees

with 1289 employees, this is above the industry average (15)

1289 - Mercedes-benz Grand Prix Ltd

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £98.5k, the company has a higher pay structure (£28.9k)

£98.5k - Mercedes-benz Grand Prix Ltd

£28.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £423.9k, this is more efficient (£69.7k)

£423.9k - Mercedes-benz Grand Prix Ltd

£69.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 106 days, this is later than average (16 days)

106 days - Mercedes-benz Grand Prix Ltd

16 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 14 days, this is quicker than average (30 days)

14 days - Mercedes-benz Grand Prix Ltd

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is less than average (15 days)

4 days - Mercedes-benz Grand Prix Ltd

15 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (65 weeks)

5 weeks - Mercedes-benz Grand Prix Ltd

65 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 56%, this is a higher level of debt than the average (38.4%)

56% - Mercedes-benz Grand Prix Ltd

38.4% - Industry AVG

MERCEDES-BENZ GRAND PRIX LTD financials

EXPORTms excel logo

Mercedes-Benz Grand Prix Ltd's latest turnover from December 2023 is £546.5 million and the company has net assets of £183.5 million. According to their latest financial statements, Mercedes-Benz Grand Prix Ltd has 1,289 employees and maintains cash reserves of £23.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover546,450,000474,558,000383,302,000355,301,000363,627,000338,380,000337,162,000289,421,000213,264,000146,921,000125,214,000114,853,000114,853,000124,605,000234,470,000
Other Income Or Grants
Cost Of Sales413,671,000350,823,000297,491,000324,939,000333,290,000311,458,000309,704,000263,894,000239,693,000231,488,000184,298,000145,098,000120,505,000120,823,000129,659,000
Gross Profit132,779,000123,735,00085,811,00030,362,00030,337,00026,922,00027,458,00025,527,000-26,429,000-84,567,000-59,084,000-30,245,000-5,652,0003,782,000104,811,000
Admin Expenses18,993,00010,135,00013,873,00012,867,00012,223,00010,217,00010,805,00011,193,0007,484,0008,766,0006,411,0005,967,0005,454,0005,138,0005,465,000
Operating Profit113,786,000113,600,00071,938,00017,495,00018,114,00016,705,00016,653,00014,334,000-33,913,000-93,333,000-65,495,000-36,212,000-11,106,000-1,356,00099,346,000
Interest Payable428,000534,00093,000285,000968,0001,244,0001,658,0002,163,0001,724,0001,032,000252,00068,00032,0001,319,000
Interest Receivable2,472,000382,00017,00021,0001,0006,00054,000250,000488,000664,000
Pre-Tax Profit115,830,000113,450,00071,862,00017,231,00017,146,00015,461,00014,996,00012,171,000-35,637,000-94,365,000-65,741,000-36,226,000-10,856,000-900,00098,691,000
Tax-31,984,000-23,706,000-3,056,000-3,593,000-2,434,000-2,777,000-1,721,000-15,925,00013,343,00017,482,00014,642,0004,646,000-186,000
Profit After Tax83,846,00089,744,00068,806,00013,638,00014,712,00012,684,00013,275,000-3,754,000-22,294,000-76,883,000-51,099,000-31,580,000-10,856,000-900,00098,505,000
Dividends Paid
Retained Profit83,846,00089,744,00068,806,00013,638,00014,712,00012,684,00013,275,000-3,754,000-22,294,000-76,883,000-51,099,000-31,580,000-10,856,000-900,00098,505,000
Employee Costs126,968,00093,865,000109,096,000106,433,00095,302,00093,720,00087,219,00082,824,00078,396,00073,396,00057,156,00041,064,00034,644,00030,591,00035,782,000
Number Of Employees1,2891,1141,0041,0631,016968912849807765663612526487533
EBITDA*136,003,000134,791,00092,811,00035,744,00035,592,00028,939,00026,958,00023,245,000-26,002,000-86,398,000-59,905,000-31,422,000-7,353,00010,828,000112,512,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets108,473,000110,532,00087,102,00090,673,00077,769,00069,199,00053,849,00044,265,00038,229,00033,949,00028,141,00026,521,00024,994,00024,062,00030,454,000
Intangible Assets1,108,0001,245,0001,266,0002,142,000
Investments & Other6,542,0006,321,000649,000650,000612,000
Debtors (Due After 1 year)730,0001,330,000
Total Fixed Assets116,123,000118,828,00089,698,00090,673,00077,769,00069,199,00053,849,00044,265,00038,229,00033,949,00028,790,00029,313,00025,606,00024,062,00030,454,000
Stock & work in progress4,909,0004,471,0003,222,0001,494,0001,801,0002,019,0002,050,0002,126,0001,693,0001,366,0001,285,0001,891,0001,388,0003,491,0003,313,000
Trade Debtors159,062,00064,726,00063,387,00057,146,00039,006,00039,689,00028,817,00030,701,00010,839,0009,425,0005,969,0003,351,00012,123,0002,098,0001,392,000
Group Debtors41,904,0001,706,000945,0001,469,0003,008,0001,481,000697,0002,570,0003,191,00022,576,00026,764,00041,0008,000
Misc Debtors60,848,00046,663,00066,768,00036,481,00077,229,00054,753,00058,427,00090,304,00037,035,00016,081,00012,402,0009,218,0009,447,0008,902,0006,193,000
Cash23,719,00064,028,0004,171,000161,0007,228,0007,591,00014,628,0006,469,00017,515,0002,533,0002,144,000906,000810,00061,348,00064,404,000
misc current assets52,226,00041,016,00035,097,00036,734,00042,441,00046,645,00042,909,00043,300,00030,565,00032,397,00030,607,00019,422,00021,129,000
total current assets300,764,000220,904,000214,549,000133,722,000168,650,000152,166,000149,839,000174,381,00098,344,00064,372,00055,598,00057,364,00071,661,00075,880,00075,310,000
total assets416,887,000339,732,000304,247,000224,395,000246,419,000221,365,000203,688,000218,646,000136,573,00098,321,00084,388,00086,677,00097,267,00099,942,000105,764,000
Bank overdraft5,114,0006,315,0002,473,000
Bank loan2,750,000
Trade Creditors 16,659,00011,029,0007,117,00018,108,00014,805,00015,078,00013,675,00019,264,00017,315,00016,624,00011,101,0007,190,0002,523,0002,548,0001,357,000
Group/Directors Accounts13,348,00021,595,00082,261,00074,066,00080,314,000209,171,000155,411,00088,382,00020,158,000136,00065,00090,000146,000
other short term finances159,000
hp & lease commitments
other current liabilities206,526,000130,765,000137,966,000106,999,00089,498,00086,425,00076,694,00076,533,00070,191,00072,329,00055,823,00032,150,00021,207,00021,985,00010,085,000
total current liabilities223,185,000144,703,000158,431,000146,702,000186,564,000175,569,000170,683,000304,968,000242,917,000182,449,00093,397,00041,949,00023,795,00024,623,00011,588,000
loans8,250,000
hp & lease commitments
Accruals and Deferred Income861,000
other liabilities
provisions10,209,00012,122,0005,793,0006,476,0002,276,0002,929,0002,822,00026,770,0002,994,0002,916,0001,152,0003,790,000954,0001,617,000997,000
total long term liabilities10,209,00020,372,0005,793,0006,476,0002,276,0002,929,0002,822,00026,770,0002,994,0002,916,0001,152,0003,790,000954,0002,478,000997,000
total liabilities233,394,000165,075,000164,224,000153,178,000188,840,000178,498,000173,505,000331,738,000245,911,000185,365,00094,549,00045,739,00024,749,00027,101,00012,585,000
net assets183,493,000174,657,000140,023,00071,217,00057,579,00042,867,00030,183,000-113,092,000-109,338,000-87,044,000-10,161,00040,938,00072,518,00072,841,00093,179,000
total shareholders funds183,493,000174,657,000140,023,00071,217,00057,579,00042,867,00030,183,000-113,092,000-109,338,000-87,044,000-10,161,00040,938,00072,518,00072,841,00093,179,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit113,786,000113,600,00071,938,00017,495,00018,114,00016,705,00016,653,00014,334,000-33,913,000-93,333,000-65,495,000-36,212,000-11,106,000-1,356,00099,346,000
Depreciation21,426,00020,623,00020,873,00018,249,00017,478,00012,234,00010,305,0008,911,0007,911,0006,935,0005,590,0004,790,0003,753,00012,184,00013,166,000
Amortisation791,000568,000
Tax-31,984,000-23,706,000-3,056,000-3,593,000-2,434,000-2,777,000-1,721,000-15,925,00013,343,00017,482,00014,642,0004,646,000-186,000
Stock438,0001,249,0001,728,000-307,000-218,000-31,000-76,000433,000327,00081,000-606,000503,000-2,103,000178,0003,313,000
Debtors107,791,000-61,270,00078,056,000-21,847,00021,269,0005,659,000-32,234,00073,915,00020,495,0006,514,000-13,583,000-13,189,00037,293,0003,448,0007,593,000
Creditors5,630,0003,912,000-10,991,0003,303,000-273,0001,403,000-5,589,0001,949,000691,0005,523,0003,911,0004,667,000-25,0001,191,0001,357,000
Accruals and Deferred Income75,761,000-7,201,00030,967,00017,501,0003,073,0009,731,000161,0006,342,000-2,138,00016,506,00023,673,00010,943,000-1,639,00012,761,00010,085,000
Deferred Taxes & Provisions-1,913,0006,329,000-683,0004,200,000-653,000107,000-23,948,00023,776,00078,0001,764,000-2,638,0002,836,000-663,000620,000997,000
Cash flow from operations75,268,000174,146,00029,264,00079,309,00014,254,00031,775,00028,171,000-34,961,000-34,850,000-51,718,000-6,128,0004,356,000-44,870,00021,774,000113,859,000
Investing Activities
capital expenditure-31,153,000-26,048,000-27,584,000-19,889,000-14,947,000-12,191,000-10,771,000-6,202,000-8,292,000-5,398,000-4,839,000-247,000
Change in Investments221,0006,321,000-649,000-1,00038,000612,000
cash flow from investments-221,000-6,321,000-31,153,000-26,048,000-27,584,000-19,889,000-14,947,000-12,191,000-10,122,000-6,201,000-8,330,000-6,010,000-4,839,000-247,000
Financing Activities
Bank loans-2,750,0002,750,000
Group/Directors Accounts-13,348,000-8,247,000-60,666,0008,195,000-6,248,000-128,857,00053,760,00067,029,00068,224,00020,022,00071,000-25,000-56,000146,000
Other Short Term Loans -159,000159,000
Long term loans-8,250,0008,250,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue-75,010,000-55,110,000130,000,00010,533,000-19,438,000-5,326,000
interest2,044,000-152,000-76,000-264,000-968,000-1,244,000-1,657,000-2,163,000-1,724,000-1,032,000-246,000-14,000250,000456,000-655,000
cash flow from financing-84,125,000-57,451,000-8,323,000-60,930,0007,227,000-7,492,000-514,00051,597,00065,305,00067,192,00019,776,00057,00010,758,000-19,038,000-5,835,000
cash and cash equivalents
cash-40,309,00059,857,0004,010,000-7,067,000-363,000-7,037,0008,159,000-11,046,00014,982,000389,0001,238,00096,000-60,538,000-3,056,00064,404,000
overdraft-5,114,000-1,201,0003,842,0002,473,000
change in cash-40,309,00059,857,0004,010,000-7,067,000-363,000-7,037,0008,159,000-11,046,00020,096,0001,590,000-2,604,000-2,377,000-60,538,000-3,056,00064,404,000

mercedes-benz grand prix ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mercedes-benz grand prix ltd. Get real-time insights into mercedes-benz grand prix ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Mercedes-benz Grand Prix Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for mercedes-benz grand prix ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other mega companies, companies in NN13 area or any other competitors across 12 key performance metrics.

mercedes-benz grand prix ltd Ownership

MERCEDES-BENZ GRAND PRIX LTD group structure

Mercedes-Benz Grand Prix Ltd has 2 subsidiary companies.

Ultimate parent company

MERCEDES-BENZ GRAND PRIX LTD

00787446

2 subsidiaries

MERCEDES-BENZ GRAND PRIX LTD Shareholders

ineos industries holdings limited 33.33%
mercedes-benz holdings uk limited 33.33%
motorsport invest limited 33.33%

mercedes-benz grand prix ltd directors

Mercedes-Benz Grand Prix Ltd currently has 7 directors. The longest serving directors include Mr Toto Wolff (Aug 2013) and Mr Torger Wolff (Aug 2013).

officercountryagestartendrole
Mr Toto WolffEngland53 years Aug 2013- Director
Mr Torger Wolff53 years Aug 2013- Director
Mr Rene BergerEngland52 years Aug 2013- Director
Mr Markus SchaferGermany59 years Mar 2019- Director
Mr Jonathan Ginns51 years Jan 2022- Director
Mr Andrew Currie69 years Jan 2022- Director
Mr Michael SchiebeGermany41 years Dec 2023- Director

P&L

December 2023

turnover

546.5m

+15%

operating profit

113.8m

0%

gross margin

24.3%

-6.81%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

183.5m

+0.05%

total assets

416.9m

+0.23%

cash

23.7m

-0.63%

net assets

Total assets minus all liabilities

mercedes-benz grand prix ltd company details

company number

00787446

Type

Private limited with Share Capital

industry

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

January 1964

age

61

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

brawn gp limited (January 2010)

honda gp limited (March 2009)

See more

accountant

-

auditor

KPMG LLP

address

operations centre lauda drive, brackley, northamptonshire, NN13 7BD

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

mercedes-benz grand prix ltd Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 13 charges/mortgages relating to mercedes-benz grand prix ltd. Currently there are 1 open charges and 12 have been satisfied in the past.

mercedes-benz grand prix ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for MERCEDES-BENZ GRAND PRIX LTD. This can take several minutes, an email will notify you when this has completed.

mercedes-benz grand prix ltd Companies House Filings - See Documents

datedescriptionview/download