WILLIAMS GRAND PRIX ENGINEERING LIMITED
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Cash
£18m
-28.3% vs 2024
Net assets
£99m
-24.2% vs 2024
Employees
1,151
+21.3% vs 2024
Profit before tax
-£20m
+53.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The shareholder support required is potentially extensive and the Directors recognise that these circumstances represent a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern...
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials 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 | £126,965,000 | £179,776,000 | £243,974,000 | +35.7% | |
| Operating profit | -£80,298,000 | -£42,246,000 | -£19,988,000 | +52.7% | |
| Profit before tax | -£80,508,000 | -£42,251,000 | -£19,644,000 | +53.5% | |
| Net profit | -£84,286,000 | -£49,846,000 | -£25,115,000 | +49.6% | |
| Cash | £12,098,000 | £24,957,000 | £17,892,000 | -28.3% | |
| Total assets less current liabilities | £67,390,000 | £130,119,000 | £127,235,000 | -2.2% | |
| Net assets | £67,348,000 | £130,077,000 | £98,595,000 | -24.2% | |
| Equity | £67,348,000 | £130,077,000 | £98,595,000 | -24.2% | |
| Average employees | — | 949 | 1,151 | +21.3% | |
| Wages | — | £72,961,000 | £87,923,000 | +20.5% | |
| Directors' remuneration | — | £78,000 | £74,000 | -5.1% |
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 |
|---|---|---|---|---|
| Operating margin | -63.2% | -23.5% | -8.2% | |
| Net margin | -66.4% | -27.7% | -10.3% | |
| Return on capital employed | -119.2% | -32.5% | -15.7% | |
| Gearing (liabilities / total assets) | 49.8% | 26.7% | 52.0% | |
| Current ratio | 0.96x | 2.29x | 1.45x |
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.
Name history
Renamed 1 time since incorporation
- WILLIAMS GRAND PRIX ENGINEERING LIMITED 1977-12-31 → present
- LATCADE LIMITED 1977-02-08 → 1977-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The shareholder support required is potentially extensive and the Directors recognise that these circumstances represent a material uncertainty that may cast significant doubt on the Group and Company's ability to continue as a going concern...”
Group structure
- WILLIAMS GRAND PRIX ENGINEERING LIMITED · parent
- Williams F1 Limited 100%
- Williams Grand Prix Engineering Services LLP 99%
Significant events
- “During the year, the Company transferred much of its trade and assets to a newly formed subsidiary, Williams Grand Prix Engineering Services LLP, an entity in which the Company is a 99% member.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIDDLE, Mark | Secretary | 2021-09-27 | — | — |
| MATTHEWS, James Spencer | Director | 2020-08-21 | Aug 1975 | British |
| SAVAGE, Matthew Louis Charles | Director | 2020-08-21 | May 1965 | American |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIDDLE, Mark | Secretary | 2009-03-18 | 2020-08-21 |
| DATTILO, Stephanie Elvira | Secretary | 2020-09-25 | 2021-09-27 |
| HEALEY, John Michael | Secretary | 2006-08-01 | 2007-12-19 |
| MAYALL, Duncan | Secretary | — | 2003-12-31 |
| MOFFAT, Jane Victoria | Secretary | 2007-12-19 | 2009-03-13 |
| CAVENDISH SECRETARIAL LIMITED | Corporate Secretary | 2003-12-31 | 2006-08-01 |
| BIDDLE, Mark | Director | 2009-03-18 | 2020-08-21 |
| BURNS, Alexander Mark | Director | 2008-09-18 | 2013-05-29 |
| EVANS, Louise Margaret | Director | 2011-11-01 | 2014-11-28 |
| FULTZ, Darren Adam | Director | 2020-08-21 | 2022-11-09 |
| HEAD, Patrick Michael | Director | — | 2011-12-31 |
| KINCH, Alan Royston | Director | 2014-12-01 | 2017-01-31 |
| LAFFERTY, Douglas James | Director | 2017-09-06 | 2020-08-21 |
| LOWE, Patrick Allen | Director | 2017-03-16 | 2019-06-25 |
| MAYALL, Duncan | Director | — | 2005-04-30 |
| MICHAEL, Samuel David | Director | 2008-09-18 | 2011-05-06 |
| MOFFAT, Jane Victoria | Director | 2008-09-18 | 2009-03-13 |
| ODRISCOLL, Michael Patrick | Director | 2013-06-04 | 2020-08-21 |
| PARR, Adam Stephen De Voghelaere, Dr | Director | 2008-09-18 | 2012-03-31 |
| THYNNE, Sheridan | Director | — | 1994-09-12 |
| WILLIAMS, Claire Victoria, Mrs. | Director | 2012-07-30 | 2020-09-03 |
| WILLIAMS, Frank Owen Garbett, Sir | Director | — | 2020-09-03 |
| WOLFF, Torger Christian | Director | 2009-11-06 | 2013-01-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bce Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-08-21 | Ceased 2020-08-21 |
| Williams Grand Prix Holdings Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-08-21 |
Filing timeline
Last 20 of 240 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-30 RESOLUTIONS Resolution
- 2021-11-17 RESOLUTIONS Resolution
- 2021-11-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-22 | AA | accounts | Accounts with accounts type group | |
| 2025-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2024-12-29 | SH01 | capital | Capital allotment shares | |
| 2024-11-01 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-21 | SH01 | capital | Capital allotment shares | |
| 2024-10-02 | AA | accounts | Accounts with accounts type group | |
| 2023-12-22 | SH01 | capital | Capital allotment shares | |
| 2023-11-13 | SH01 | capital | Capital allotment shares | |
| 2023-10-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-16 | SH01 | capital | Capital allotment shares | |
| 2023-10-02 | AA | accounts | Accounts with accounts type group | |
| 2023-01-19 | SH01 | capital | Capital allotment shares | |
| 2022-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type group | |
| 2021-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2021-11-17 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 2
- 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.