formula one management limited

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formula one management limited Company Information

Share FORMULA ONE MANAGEMENT LIMITED
Live 
MatureMegaHigh

Company Number

01545332

Registered Address

no. 2 st. james's market, london, SW1Y 4AH

Industry

Television programme distribution activities

 

Television programme production activities

 
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Telephone

02039849372

Next Accounts Due

September 2025

Group Structure

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Directors

Duncan Llowarch17 Years

Stefano Domenicali2 Years

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Shareholders

formula one world championship ltd 100%

formula one management limited Estimated Valuation

£625m

Pomanda estimates the enterprise value of FORMULA ONE MANAGEMENT LIMITED at £625m based on a Turnover of £346.2m and 1.81x industry multiple (adjusted for size and gross margin).

formula one management limited Estimated Valuation

£220.6m

Pomanda estimates the enterprise value of FORMULA ONE MANAGEMENT LIMITED at £220.6m based on an EBITDA of £28.4m and a 7.76x industry multiple (adjusted for size and gross margin).

formula one management limited Estimated Valuation

£97.3m

Pomanda estimates the enterprise value of FORMULA ONE MANAGEMENT LIMITED at £97.3m based on Net Assets of £66.6m and 1.46x industry multiple (adjusted for liquidity).

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Formula One Management Limited Overview

Formula One Management Limited is a live company located in london, SW1Y 4AH with a Companies House number of 01545332. It operates in the television programme production activities sector, SIC Code 59113. Founded in February 1981, it's largest shareholder is formula one world championship ltd with a 100% stake. Formula One Management Limited is a mature, mega sized company, Pomanda has estimated its turnover at £346.2m with high growth in recent years.

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Formula One Management Limited Health Check

Pomanda's financial health check has awarded Formula One Management Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £346.2m, make it larger than the average company (£5m)

£346.2m - Formula One Management Limited

£5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (5.2%)

26% - Formula One Management Limited

5.2% - Industry AVG

production

Production

with a gross margin of 47.1%, this company has a lower cost of product (27%)

47.1% - Formula One Management Limited

27% - Industry AVG

profitability

Profitability

an operating margin of 5.4% make it more profitable than the average company (2.6%)

5.4% - Formula One Management Limited

2.6% - Industry AVG

employees

Employees

with 639 employees, this is above the industry average (15)

639 - Formula One Management Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £140.1k, the company has a higher pay structure (£60.1k)

£140.1k - Formula One Management Limited

£60.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £541.8k, this is more efficient (£278.6k)

£541.8k - Formula One Management Limited

£278.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is earlier than average (31 days)

4 days - Formula One Management Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 17 days, this is quicker than average (20 days)

17 days - Formula One Management Limited

20 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Formula One Management Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (29 weeks)

0 weeks - Formula One Management Limited

29 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66.1%, this is a similar level of debt than the average (67.9%)

66.1% - Formula One Management Limited

67.9% - Industry AVG

FORMULA ONE MANAGEMENT LIMITED financials

EXPORTms excel logo

Formula One Management Limited's latest turnover from December 2023 is £346.2 million and the company has net assets of £66.6 million. According to their latest financial statements, Formula One Management Limited has 639 employees and maintains cash reserves of £49 thousand 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
Turnover346,210,000350,670,000234,829,000171,128,000228,631,000201,746,000184,442,000124,765,000113,541,000114,227,000111,458,000106,002,00087,051,72079,526,37381,220,378
Other Income Or Grants000000000000000
Cost Of Sales183,254,000195,711,000115,312,00077,908,000105,938,00097,604,00087,755,00074,757,00065,818,00070,939,00068,062,00068,562,00056,565,98252,089,79242,130,721
Gross Profit162,956,000154,959,000119,517,00093,220,000122,693,000104,142,00096,687,00050,008,00047,723,00043,288,00043,396,00037,440,00030,485,73827,436,58139,089,657
Admin Expenses144,215,000136,315,000107,782,00084,655,000110,450,00094,045,00091,595,00049,779,00046,966,00045,390,00044,993,00039,837,00034,134,53333,437,76833,645,285
Operating Profit18,741,00018,644,00011,735,0008,565,00012,243,00010,097,0005,092,000229,000757,000-2,102,000-1,597,000-2,397,000-3,648,795-6,001,1875,444,372
Interest Payable1,159,0001,244,0001,114,0001,222,0002,324,00028,0005,0004,0002,0005,0005,0006,00011,41115,26050,067
Interest Receivable6,0004,0002,0008,0003,0004,00013,00011,0007,0004,00001,0006,51320,01922,741
Pre-Tax Profit17,482,00017,166,00010,630,0007,342,0009,847,00010,021,0005,014,000213,000679,000-2,155,000-1,670,000-2,304,000-3,705,998-5,982,6695,448,964
Tax-4,587,000-3,537,000-929,000-1,095,000-2,119,000-1,825,000169,000-721,000-504,000438,000-11,0001,344,000-190,7761,415,623-1,619,665
Profit After Tax12,895,00013,629,0009,701,0006,247,0007,728,0008,196,0005,183,000-508,000175,000-1,717,000-1,681,000-960,000-3,896,774-4,567,0463,829,299
Dividends Paid000000000000000
Retained Profit12,895,00013,629,0009,701,0006,247,0007,728,0008,196,0005,183,000-508,000175,000-1,717,000-1,681,000-960,000-3,896,774-4,567,0463,829,299
Employee Costs89,516,00089,395,00068,180,00053,290,00069,088,00057,231,00061,451,00032,603,00033,095,00030,347,00027,715,00024,871,00019,713,73719,764,99618,633,745
Number Of Employees639552526529506456392363356344325289259247239
EBITDA*28,434,00025,803,00018,436,00015,702,00019,033,00011,644,0006,699,0001,946,0002,790,000177,0001,452,000769,000-237,295-2,613,6876,478,941

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets58,630,00037,819,00041,799,00030,591,00032,833,0008,959,0009,081,0005,543,0006,727,0007,908,0009,233,00010,506,00010,098,81210,930,7514,512,070
Intangible Assets19,374,00020,844,00099,00062,00038,00053,00064,000100,000140,000174,000169,00042,000000
Investments & Other000000000000000
Debtors (Due After 1 year)121,000329,0004,236,0004,026,0002,380,0003,037,0003,704,0003,403,0004,605,0004,729,0005,593,0006,471,000000
Total Fixed Assets78,125,00058,992,00046,134,00034,679,00035,251,00012,049,00012,849,0009,046,00011,472,00012,811,00014,995,00017,019,00010,098,81210,930,7514,512,070
Stock & work in progress000000000000000
Trade Debtors4,022,0001,157,0003,771,0002,450,0001,008,000373,0006,390,0003,643,0004,355,0003,024,0004,395,0004,247,0001,130,6562,846,3304,142,874
Group Debtors97,657,00096,756,00079,153,00066,438,00053,947,00042,536,00021,663,0002,854,0003,444,000391,000320,00012,547,00030,0402,244,7791,954,524
Misc Debtors16,470,00014,922,0006,898,0003,703,0009,233,00010,578,0009,664,0009,153,0004,442,0005,462,0004,946,0003,385,0009,764,1304,846,0496,457,702
Cash49,00044,00038,00053,000329,00098,0003,340,0006,509,0002,106,0001,744,0001,400,0004,700,0002,664,77513,198,33422,036,927
misc current assets000000000000000
total current assets118,198,000112,879,00089,860,00072,644,00064,517,00053,585,00041,057,00022,159,00014,347,00010,621,00011,061,00024,879,00013,589,60123,135,49234,592,027
total assets196,323,000171,871,000135,994,000107,323,00099,768,00065,634,00053,906,00031,205,00025,819,00023,432,00026,056,00041,898,00023,688,41334,066,24339,104,097
Bank overdraft00000000000002491,034
Bank loan000000000000000
Trade Creditors 8,847,0003,222,0006,214,0003,178,0005,228,00010,660,0003,834,0001,792,0002,229,0001,693,0001,182,0002,967,000472,5873,081,8375,688,283
Group/Directors Accounts20,700,0007,719,0005,649,00011,928,0005,701,0002,627,0001,849,0001,828,0001,882,000635,000778,00012,206,0003,687,1624,414,9219,175,042
other short term finances000000000000000
hp & lease commitments2,030,0001,897,0002,170,0003,460,0004,326,0000000000000
other current liabilities69,711,00081,661,00056,384,00040,644,00039,541,00034,443,00038,340,00024,271,00017,061,00016,265,00016,144,00015,852,00013,070,54916,214,3479,317,803
total current liabilities101,288,00094,499,00070,417,00059,210,00054,796,00047,730,00044,023,00027,891,00021,172,00018,593,00018,104,00031,025,00017,230,29823,711,35424,182,162
loans000000000000000
hp & lease commitments20,747,00022,163,00023,997,00016,234,00019,340,0000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions7,684,0001,500,0001,500,0001,500,0001,500,0001,500,0001,675,000289,000158,00054,00084,00042,000000
total long term liabilities28,431,00023,663,00025,497,00017,734,00020,840,0001,500,0001,675,000289,000158,00054,00084,00042,000000
total liabilities129,719,000118,162,00095,914,00076,944,00075,636,00049,230,00045,698,00028,180,00021,330,00018,647,00018,188,00031,067,00017,230,29823,711,35424,182,162
net assets66,604,00053,709,00040,080,00030,379,00024,132,00016,404,0008,208,0003,025,0004,489,0004,785,0007,868,00010,831,0006,458,11510,354,88914,921,935
total shareholders funds66,604,00053,709,00040,080,00030,379,00024,132,00016,404,0008,208,0003,025,0004,489,0004,785,0007,868,00010,831,0006,458,11510,354,88914,921,935
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit18,741,00018,644,00011,735,0008,565,00012,243,00010,097,0005,092,000229,000757,000-2,102,000-1,597,000-2,397,000-3,648,795-6,001,1875,444,372
Depreciation7,469,0004,576,0006,692,0007,126,0006,775,0001,530,0001,568,0001,671,0001,985,0002,236,0003,007,0003,158,0003,411,5003,387,5001,034,569
Amortisation2,224,0002,583,0009,00011,00015,00017,00039,00046,00048,00043,00042,0008,000000
Tax-4,587,000-3,537,000-929,000-1,095,000-2,119,000-1,825,000169,000-721,000-504,000438,000-11,0001,344,000-190,7761,415,623-1,619,665
Stock000000000000000
Debtors5,106,00019,106,00017,441,00010,049,00010,044,00015,103,00022,368,0002,207,0003,240,000-1,648,000-11,396,00015,725,174987,668-2,617,94212,555,100
Creditors5,625,000-2,992,0003,036,000-2,050,000-5,432,0006,826,0002,042,000-437,000536,000511,000-1,785,0002,494,413-2,609,250-2,606,4465,688,283
Accruals and Deferred Income-11,950,00025,277,00015,740,0001,103,0005,098,000-3,897,00014,069,0007,210,000796,000121,000292,0002,781,451-3,143,7986,896,5449,317,803
Deferred Taxes & Provisions6,184,0000000-175,0001,386,000131,000104,000-30,00042,00042,000000
Cash flow from operations18,600,00025,445,00018,842,0003,611,0006,536,000-2,530,0001,997,0005,922,000482,0002,865,00011,386,000-8,294,310-7,168,7875,709,9767,310,262
Investing Activities
capital expenditure-29,034,000-23,924,000-17,946,000-4,919,000-30,649,000-1,414,000-5,109,000-493,000-818,000-959,000-1,903,000-3,615,188-2,579,561-9,806,181-5,546,639
Change in Investments000000000000000
cash flow from investments-29,034,000-23,924,000-17,946,000-4,919,000-30,649,000-1,414,000-5,109,000-493,000-818,000-959,000-1,903,000-3,615,188-2,579,561-9,806,181-5,546,639
Financing Activities
Bank loans000000000000000
Group/Directors Accounts12,981,0002,070,000-6,279,0006,227,0003,074,000778,00021,000-54,0001,247,000-143,000-11,428,0008,518,838-727,759-4,760,1219,175,042
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-1,283,000-2,107,0006,473,000-3,972,00023,666,0000000000000
other long term liabilities000000000000000
share issue0000000-956,000-471,000-1,366,000-1,282,0005,332,8850011,092,636
interest-1,153,000-1,240,000-1,112,000-1,214,000-2,321,000-24,0008,0007,0005,000-1,000-5,000-5,000-4,8984,759-27,326
cash flow from financing10,545,000-1,277,000-918,0001,041,00024,419,000754,00029,000-1,003,000781,000-1,510,000-12,715,00013,846,723-732,657-4,755,36220,240,352
cash and cash equivalents
cash5,0006,000-15,000-276,000231,000-3,242,000-3,169,0004,403,000362,000344,000-3,300,0002,035,225-10,533,559-8,838,59322,036,927
overdraft000000000000-249-7851,034
change in cash5,0006,000-15,000-276,000231,000-3,242,000-3,169,0004,403,000362,000344,000-3,300,0002,035,225-10,533,310-8,837,80822,035,893

formula one management limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Formula One Management Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for formula one management limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in SW1Y area or any other competitors across 12 key performance metrics.

formula one management limited Ownership

FORMULA ONE MANAGEMENT LIMITED group structure

Formula One Management Limited has no subsidiary companies.

Ultimate parent company

LIBERTY MEDIA CORP

#0035308

2 parents

FORMULA ONE MANAGEMENT LIMITED

01545332

FORMULA ONE MANAGEMENT LIMITED Shareholders

formula one world championship ltd 100%

formula one management limited directors

Formula One Management Limited currently has 3 directors. The longest serving directors include Mr Duncan Llowarch (Apr 2007) and Mr Stefano Domenicali (Sep 2022).

officercountryagestartendrole
Mr Duncan LlowarchUnited Kingdom56 years Apr 2007- Director
Mr Stefano DomenicaliUnited Kingdom59 years Sep 2022- Director
Mr Laurence AnthonyUnited Kingdom43 years Sep 2024- Director

P&L

December 2023

turnover

346.2m

-1%

operating profit

18.7m

+1%

gross margin

47.1%

+6.52%

turnover

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

Balance Sheet

December 2023

net assets

66.6m

+0.24%

total assets

196.3m

+0.14%

cash

49k

+0.11%

net assets

Total assets minus all liabilities

formula one management limited company details

company number

01545332

Type

Private limited with Share Capital

industry

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

59133 - Television programme distribution activities

59113 - Television programme production activities

incorporation date

February 1981

age

43

incorporated

UK

ultimate parent company

LIBERTY MEDIA CORP

accounts

Full Accounts

last accounts submitted

December 2023

previous names

formula one administration limited (May 1999)

formula one management limited (September 1998)

See more

accountant

-

auditor

KPMG LLP

address

no. 2 st. james's market, london, SW1Y 4AH

Bank

BARCLAYS BANK PLC, BARCLAYS BANK PLC

Legal Advisor

-

formula one management limited 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 11 charges/mortgages relating to formula one management limited. Currently there are 6 open charges and 5 have been satisfied in the past.

charges

formula one management limited Companies House Filings - See Documents

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