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FORMULA E RACE OPERATIONS LIMITED

#10354258 · Active · Incorporated 2016-09-01 (9y 11m) · Last filing 2026-07-07 (1mo ago)
Consumer Discretionary · SIC 93199 · R Arts, Entertainment & Recreation · Full accounts
Accounts due 2027-06-30 (in 10 months) · Confirmation due 2026-09-14 (in 25 days) · No watchouts on the register

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Cash

£4.9m

EUR 5,710,976

+411% highest in 3 filed years

Net assets

£29m

EUR 33,418,865

+8.7% highest in 3 filed years

Employees

72

+2.9% highest in 3 filed years

Profit before tax

£2.8m

EUR 3,244,762

+28.5% vs 2024

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30

Metric Trend 2023-09-302024-09-302025-09-30 Δ vs prior
Turnover £160,529,354£160,409,156£145,563,412 -9.3%
Operating profit £5,607,232£3,953,433£4,281,526 +8.3%
Profit before tax £4,912,226£2,163,239£2,779,001 +28.5%
Net profit £4,927,642£2,056,182£2,290,700 +11.4%
Cash £2,035,565£957,205£4,891,209 +411%
Total assets less current liabilities £24,726,339£29,821,485£29,307,744 -1.7%
Net assets £24,274,962£26,331,144£28,621,844 +8.7%
Equity £24,274,962£26,331,144£28,621,844 +8.7%
Average employees 617072 +2.9%
Wages £3,471,382£4,078,793£4,147,103 +1.7%
Directors' remuneration £0£0— —

Figures converted to GBP from EUR at 0.856 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 2023-09-302024-09-302025-09-30
Operating margin 3.5%2.5%2.9%
Net margin 3.1%1.3%1.6%
Return on capital employed 22.7%13.3%14.6%
Gearing (liabilities / total assets) —40.9%39.5%
Current ratio 0.94x0.76x0.67x
Interest cover 64.68x3.27x5.07x

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

  1. FORMULA E RACE OPERATIONS LIMITED 2018-06-29 → present
  2. FORMULA E OPCO 1 LIMITED 2016-09-01 → 2018-06-29

Audit & accounting basis

Accounting basis
IFRS
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 directors consider to be appropriate. The principal activity is to provide operational management and support services to its parent and other group entities. The ultimate parent company, Formula E Holdings Limited, has indicated its intentions to continue to make funds available.”

Group structure

  1. FORMULA E RACE OPERATIONS LIMITED · parent
    1. Formula E Mexico Race Operations, S.de R.L.de C.V. 99.97% · Mexico · Management of race activities in Mexico
    2. Formula E Enterprise, Inc. 100% · United States of America · Management of race activities in the USA
    3. Formula E Brazil Ltda 100% · Brazil · Management of race activities in Brazil

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

2 active · 4 resigned

Name Role Appointed Born Nationality
ADKINS, Max Director 2025-02-18 Jul 1989 British
DODDS, Jeffrey Director 2023-07-06 Dec 1973 British
Show 4 resigned officers
Name Role Appointed Resigned
AGAG LONGO, Alejandro Director 2016-09-01 2020-07-22
LONGO, Alberto Luis Alvarez De Sotomayor Director 2016-09-01 2026-04-13
PAPADIMITRIOU, Michael Director 2016-09-01 2025-03-31
REIGLE, Ryan Jamieson, Mr. Director 2020-07-22 2023-06-27

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Formula E Operations Limited Corporate entity Shares 75–100%, Voting 75–100% 2016-09-01 Active

Filing timeline

Last 20 of 33 total filings

Date Type Category Description
2026-07-07 AA accounts Accounts with accounts type full
2026-04-15 TM01 officers Termination director company with name termination date PDF
2025-09-17 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-01 AA accounts Accounts with accounts type full
2025-03-31 TM01 officers Termination director company with name termination date PDF
2025-02-20 AP01 officers Appoint person director company with name date PDF
2024-09-05 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-07-08 AA accounts Accounts with accounts type full
2023-09-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-07-08 AA accounts Accounts with accounts type full
2023-07-07 AP01 officers Appoint person director company with name date PDF
2023-07-07 TM01 officers Termination director company with name termination date PDF
2022-10-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-07-01 AA accounts Accounts with accounts type full
2021-10-05 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-07-11 AA accounts Accounts with accounts type full
2020-12-30 AA01 accounts Change account reference date company previous extended PDF
2020-09-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2020-07-30 AP01 officers Appoint person director company with name date PDF
2020-07-28 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page