Formula One World Championship Limited

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formula one world championship limited Company Information

Live

MatureMegaHigh

Company Number

04174493

Website

www.formula1.com

Registered Address

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

Industry

Television programming and broadcasting activities

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

Telephone

03330144538

Next Accounts Due

September 2025

Group Structure

View All

Directors

Duncan Llowarch14 Years

Stefano Domenicali2 Years

View All

Shareholders

slec holdings limited 100%

formula one world championship limited Estimated Valuation

£2.2b

Pomanda estimates the enterprise value of FORMULA ONE WORLD CHAMPIONSHIP LIMITED at £2.2b based on a Turnover of £1.5b and 1.42x industry multiple (adjusted for size and gross margin).

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Formula One World Championship Limited is a live company located in london, SW1Y 4AH with a Companies House number of 04174493. It operates in the television programming and broadcasting activities sector, SIC Code 60200. Founded in March 2001, it's largest shareholder is slec holdings limited with a 100% stake. Formula One World Championship Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1.5b with high growth in recent years.

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Pomanda's financial health check has awarded Formula One World Championship Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

2 Regular

3 Weak

Size

annual sales of £1.5b, make it larger than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (5.7%)

EXPORT

Formula One World Championship Limited's latest turnover from December 2023 is £1.5 billion and the company has net assets of £403.4 million. According to their latest financial statements, we estimate that Formula One World Championship Limited has 14,187 employees and maintains cash reserves of £717.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,543,720,074	1,443,950,276	1,349,188,162	719,078,786	1,165,548,448	1,166,136,345	1,146,115,517	1,080,289,348	1,020,946,147	1,032,779,601	829,373,318	832,429,820	742,337,790	6,888,301	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,001,434,162	950,395,181	922,962,723	617,383,507	797,691,357	805,465,032	798,369,783	775,406,873	698,932,609	689,901,519	544,885,941	481,406,673	449,865,056	7,413,904	0
Gross Profit	542,285,912	493,555,095	426,225,439	101,695,279	367,857,091	360,671,313	347,745,734	304,882,475	322,013,538	342,878,082	284,487,377	351,023,147	292,472,734	-525,603	0
Admin Expenses	309,074,586	332,210,712	271,850,894	166,225,475	215,525,187	230,741,008	196,178,002	125,169,592	143,403,749	150,179,403	98,072,537	191,112,411	80,618,029	334,709	0
Operating Profit	233,211,326	161,344,383	154,374,545	-64,530,196	152,331,904	129,930,305	151,567,732	179,712,883	178,609,789	192,698,679	186,414,840	159,910,736	211,854,705	-860,312	0
Interest Payable	42,971	84,408	278,160	1,439,301	141,019	64,087	2,732,516	17,108	21,571	23,666	808,663	6,414,061	14,129,028	12,266,220	11,715,122
Interest Receivable	33,842,081	11,628,299	160,103	2,384,273	3,927,455	1,692,702	41,738,364	33,585,986	25,611,425	14,199,557	1,946,046	920,339	1,548,462	198,632	0
Pre-Tax Profit	267,010,436	172,888,275	154,256,489	-63,585,224	156,118,340	131,558,920	-630,457,422	213,281,761	204,199,643	206,874,571	187,552,224	154,138,143	199,274,139	-12,927,899	-11,715,122
Tax	-62,723,296	-34,173,573	-21,795,100	10,675,966	-30,360,544	-7,676,039	-52,505,007	-48,603,094	-48,225,231	-55,461,486	-52,755,350	-70,913,568	-57,883,419	3,619,889	3,280,209
Profit After Tax	204,287,139	138,714,702	132,461,389	-52,909,258	125,757,796	123,882,881	-682,962,429	164,678,667	155,974,412	151,413,085	134,796,873	83,224,575	141,390,720	-9,308,010	-8,434,913
Dividends Paid	0	51,412,676	127,460,176	52,451,717	102,019,336	0	432,859,889	0	0	0	0	0	0	0	0
Retained Profit	204,287,139	87,302,026	5,001,213	-105,360,975	23,738,460	123,882,881	-1,115,822,318	164,678,667	155,974,412	151,413,085	134,796,873	83,224,575	141,390,720	-9,308,010	-8,434,913
Employee Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Number Of Employees	14,187	13,671	14,776	8,002	11,432	11,379	10,631	10,005	8,593	8,268	6,506	7,059	6,894	59	0
EBITDA*	233,614,180	161,747,237	154,799,870	-64,127,836	152,713,527	130,324,441	151,908,195	180,029,009	178,925,915	193,023,131	186,687,171	160,172,371	212,116,581	-860,312	0

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2,153,929	2,556,783	3,118,784	3,359,135	3,567,638	4,352,319	2,042,778	2,212,883	2,529,009	2,920,070	2,723,312	2,877,986	3,142,523	3,563,137	199,861,172
Investments & Other	20,535,605	18,066,298	19,037,762	18,044,146	17,114,197	18,860,851	18,860,851	17,512,646	17,512,645	17,973,892	15,086,506	14,493,968	14,507,364	15,183,800	0
Debtors (Due After 1 year)	232,836,863	237,329,650	283,912,832	259,621,397	244,855,709	269,653,128	286,582,552	279,727,759	291,596,251	313,825,482	279,429,065	283,726,298	193,860,373	204,970,334	0
Total Fixed Assets	255,526,397	257,952,732	306,069,378	281,024,678	265,537,545	292,866,298	307,486,181	299,453,288	311,637,905	334,719,444	297,238,882	301,098,252	211,510,259	223,717,271	199,861,172
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	17,090,239	20,952,271	4,562,141	51,030,043	15,999,128	50,074,501	156,867,740	180,717,048	124,636,269	188,529,659	151,196,335	110,691,948	99,459,609	151,540,694	0
Group Debtors	8,893,492	34,334,714	179,446,106	203,871,857	179,691,066	193,751,502	176,181,206	768,205,147	523,531,686	354,284,296	150,636,934	61,840,679	8,202,600	4,438,926	3,280,209
Misc Debtors	225,623,848	225,009,208	80,840,947	38,557,633	56,961,546	41,291,356	29,117,199	26,981,553	43,813,597	20,025,956	16,987,056	22,830,583	15,113,069	19,331,871	142,563
Cash	717,738,643	537,739,411	572,477,561	202,749,080	291,408,010	23,468,717	80,776,256	190,952,098	126,859,566	115,234,751	175,973,344	168,618,567	308,633,311	190,647,491	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	969,346,225	818,035,605	837,326,757	496,208,614	544,059,751	308,586,077	442,942,402	1,166,855,846	818,841,119	678,074,662	494,793,669	363,981,778	431,408,590	365,958,984	3,422,773
total assets	1,224,872,621	1,075,988,336	1,143,396,135	777,233,292	809,597,296	601,452,375	750,428,583	1,466,309,134	1,130,479,024	1,012,794,106	792,032,552	665,080,030	642,918,849	589,676,254	203,283,944
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,671,117	375,230	83,286	0	0	139,390	7,210	40,167	0	0	0	242,551	0	3,730,814	0
Group/Directors Accounts	426,839,319	593,406,998	749,011,886	513,502,452	475,898,088	339,174,077	113,293,279	184,392,294	51,161,857	69,345,752	111,455,210	100,781,827	241,851,007	353,365,149	213,128,307
other short term finances	115,101,289	0	0	0	0	0	0	2,231	2,231	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	265,558,624	293,697,820	272,533,354	187,287,706	163,558,915	128,530,000	209,873,427	266,759,892	228,850,044	242,293,304	226,880,686	254,799,310	278,314,129	252,086,289	0
total current liabilities	810,170,350	887,480,049	1,021,628,528	700,790,159	639,457,004	467,843,467	323,173,917	451,194,585	280,014,133	311,639,056	338,335,896	355,823,689	520,165,136	609,182,252	213,128,307
loans	0	0	0	0	0	0	0	41,654	165,873	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	5,470,380	168,047	2,898,035	4,990,803	8,269,971	2,575,502	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	5,832,565	5,522,559	12,765,424	3,982,219	3,603,256	0	701,754	0	0	0	0	356,439	0	0	0
total long term liabilities	11,302,947	5,690,608	15,663,459	8,973,023	11,873,228	2,575,503	701,754	41,654	165,873	0	0	356,439	0	0	0
total liabilities	821,473,296	893,170,657	1,037,291,987	709,763,182	651,330,232	470,418,970	323,875,671	451,236,239	280,180,006	311,639,056	338,335,896	356,180,128	520,165,136	609,182,252	213,128,307
net assets	403,399,325	182,817,680	106,104,148	67,470,110	158,267,064	131,033,405	426,552,912	1,015,072,895	850,299,018	701,155,050	453,696,655	308,899,902	122,753,712	-19,505,998	-9,844,363
total shareholders funds	403,399,325	182,817,680	106,104,148	67,470,110	158,267,064	131,033,405	426,552,912	1,015,072,895	850,299,018	701,155,050	453,696,655	308,899,902	122,753,712	-19,505,998	-9,844,363

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	233,211,326	161,344,383	154,374,545	-64,530,196	152,331,904	129,930,305	151,567,732	179,712,883	178,609,789	192,698,679	186,414,840	159,910,736	211,854,705	-860,312	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	402,854	402,854	425,325	402,360	381,623	394,136	340,463	316,126	316,126	324,452	272,331	261,635	261,876	0	0
Tax	-62,723,296	-34,173,573	-21,795,100	10,675,966	-30,360,544	-7,676,039	-52,505,007	-48,603,094	-48,225,231	-55,461,486	-52,755,350	-70,913,568	-57,883,419	3,619,889	3,280,209
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-33,181,399	-31,136,184	-4,318,904	55,573,482	-57,263,038	-93,978,210	-606,882,810	272,053,703	106,912,411	278,416,003	119,159,881	162,453,858	-63,646,175	376,859,054	3,422,772
Creditors	2,295,887	291,944	83,286	0	-139,390	132,180	-32,957	40,167	0	0	-242,551	242,551	-3,730,814	3,730,814	0
Accruals and Deferred Income	-22,836,863	18,434,478	83,152,880	20,449,623	40,723,384	-78,767,925	-56,886,465	37,909,848	-13,443,260	15,412,618	-27,918,624	-23,514,819	26,227,840	252,086,289	0
Deferred Taxes & Provisions	310,006	-7,242,865	8,783,205	378,963	3,603,256	-701,754	701,754	0	0	0	-356,439	356,439	0	0	0
Cash flow from operations	183,841,313	170,193,405	229,343,045	-88,196,766	223,803,271	137,289,113	650,068,330	-102,677,773	10,345,013	-125,441,740	-13,745,674	-96,110,884	240,376,363	-118,282,374	-142,563
Investing Activities
capital expenditure	1	159,147	-184,973	-193,857	403,058	-2,703,677	-170,358	0	74,935	-521,211	-117,657	2,902	158,738	196,298,035	-199,861,172
Change in Investments	2,469,306	-971,464	993,617	929,948	-1,746,654	0	1,348,205	0	-461,247	2,887,386	592,538	-13,396	-676,436	15,183,800	0
cash flow from investments	-2,469,305	1,130,611	-1,178,590	-1,123,805	2,149,712	-2,703,677	-1,518,563	0	536,182	-3,408,597	-710,195	16,298	835,174	181,114,235	-199,861,172
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-166,567,680	-155,604,888	235,509,434	37,604,364	136,724,012	225,880,798	-71,099,015	133,230,437	-18,183,895	-42,109,458	10,673,382	-141,069,180	-111,514,142	140,236,842	213,128,307
Other Short Term Loans	115,101,289	0	0	0	0	0	-2,231	0	2,231	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	-41,654	-124,219	165,873	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	16,294,506	-10,588,495	33,632,825	14,564,021	3,495,199	-419,402,388	527,302,335	95,210	-6,830,444	96,045,310	9,999,881	102,921,614	868,990	-353,625	-1,409,450
interest	33,799,110	11,543,891	-118,057	944,972	3,786,436	1,628,615	39,005,848	33,568,878	25,589,854	14,175,891	1,137,383	-5,493,722	-12,580,566	-12,067,588	-11,715,122
cash flow from financing	-1,372,775	-154,649,492	269,024,202	53,113,357	144,005,647	-191,892,975	495,165,283	166,770,306	743,619	68,111,743	21,810,646	-43,641,288	-123,225,718	127,815,629	200,003,735
cash and cash equivalents
cash	179,999,233	-34,738,151	369,728,481	-88,658,930	267,939,293	-57,307,538	-110,175,842	64,092,532	11,624,815	-60,738,593	7,354,777	-140,014,744	117,985,819	190,647,491	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	179,999,233	-34,738,151	369,728,481	-88,658,930	267,939,293	-57,307,538	-110,175,842	64,092,532	11,624,815	-60,738,593	7,354,777	-140,014,744	117,985,819	190,647,491	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FORMULA ONE WORLD CHAMPIONSHIP LIMITED group structure

Formula One World Championship Limited has 1 subsidiary company.

Ultimate parent company

LIBERTY MEDIA CORP

#0035308

SLEC HOLDINGS LTD

#0067840

2 parents

FORMULA ONE WORLD CHAMPIONSHIP LIMITED

04174493

1 subsidiary

FORMULA ONE MANAGEMENT LIMITED

01545332

FORMULA ONE WORLD CHAMPIONSHIP LIMITED Shareholders

slec holdings limited

100%

Formula One World Championship Limited currently has 3 directors. The longest serving directors include Mr Duncan Llowarch (Jan 2010) and Mr Stefano Domenicali (Sep 2022).

officer	country	age	start	end	role
Mr Duncan Llowarch	United Kingdom	56 years	Jan 2010	-	Director
Mr Stefano Domenicali	United Kingdom	59 years	Sep 2022	-	Director
Mr Laurence Anthony	United Kingdom	43 years	Sep 2024	-	Director

P&L

December 2023

turnover

1.5b

+7%

operating profit

233.2m

+45%

gross margin

35.2%

+2.77%

turnover

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

Balance Sheet

December 2023

net assets

403.4m

+1.21%

total assets

1.2b

+0.14%

cash

717.7m

+0.33%

net assets

Total assets minus all liabilities

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company number

04174493

Type

Private limited with Share Capital

industry

60200 - Television programming and broadcasting activities

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

incorporation date

March 2001

ultimate parent company

LIBERTY MEDIA CORP

previous names

modelultra limited (April 2001)

address

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

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 7 charges/mortgages relating to formula one world championship limited. Currently there are 6 open charges and 1 have been satisfied in the past.

formula one world championship limited Company Information

formula one world championship limited Estimated Valuation

formula one world championship limited Estimated Valuation

formula one world championship limited Estimated Valuation

Formula One World Championship Limited Overview

Formula One World Championship Limited Health Check

FORMULA ONE WORLD CHAMPIONSHIP LIMITED financials

formula one world championship limited Credit Report and Business Information

Formula One World Championship Limited Competitor Analysis

formula one world championship limited Ownership

formula one world championship limited directors

formula one world championship limited company details

formula one world championship limited Charges & Mortgages

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