Companies House, accounts to July 2025 and December 2024
Wimbledon or Silverstone: which of Britain's crown jewels is the bigger business?
Wimbledon, on size. The All England Lawn Tennis & Croquet Club Limited filed group turnover of £427m for the year to July 2025, against £104m at Silverstone Circuits Limited for the year to December 2024, a gap of £323m. On conversion the picture narrows and then reverses: Silverstone turned an estimated 13.5% of turnover into profit before tax, Wimbledon 10.5%. The two file to year ends seven months apart, so this is two businesses at their own reporting dates, not a like for like season.
4.1x
Wimbledon's turnover against Silverstone's, £427m to £104m
£499m
The net assets gap, £537m at Wimbledon against £38m at Silverstone
+3.0pp
Silverstone's estimated margin advantage, 13.5% of turnover against 10.5%
The head to head
Where do the two venues actually differ?
Six paired figures, each one taken from a single company's own filing. Nothing on this page adds the two together, because no filing exists that would contain both.
Turnover
Gap £323m, a multiple of 4.1
Profit before tax (estimated)
Gap £31m, a multiple of 3.2
Margin on turnover (estimated)
Silverstone ahead by 3.0 percentage points
Employees (average for the year)
Gap 294 people, a multiple of 2.3
Net assets
Gap £499m, a multiple of 14.1
Accounting year end
Seven months apart, so not like for like
The takeaway
What do the filings settle?
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Scale
Wimbledon is the larger business by a distance. Group turnover of £427m against £104m is a gap of £323m, and the balance sheets are further apart still, £537m of net assets against £38m.
-
Conversion
Silverstone keeps more of each pound. Estimated profit before tax is 13.5% of turnover against 10.5% at Wimbledon, although the direction of travel diverges: Wimbledon's estimate is up from £37m, Silverstone's is down from £18m, a movement of (22.2%).
-
Payroll
Wimbledon runs a bigger payroll but a lighter one in relative terms. Staff costs take 8.0% of turnover against 12.5% at Silverstone, while the average cost per head is higher, £64,000 against £57,000.
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Balance sheet
The two are financed differently. Wimbledon carries estimated borrowings of £124m with £3m of interest payable, and holds £101m in cash. Silverstone shows no estimated borrowings and no interest payable, with £46m in cash, equal to 44.2% of a year's turnover.
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Distributions
Silverstone recorded £0.8m of dividends. Wimbledon recorded none, which follows from its structure as a company limited by guarantee with no share capital.
The numbers
Which venue turns over more, Wimbledon or Silverstone?
Wimbledon, by £323m. The Club's consolidated turnover of £427m for the year to July 2025 is 4.1 times the £104m Silverstone Circuits Limited reported for the year to December 2024. Growth ran the other way: Silverstone's turnover was up 8.7% on the prior year, Wimbledon's up 4.2%.
The revenue is collected differently too. Wimbledon's trade debtors stand at £6m on £427m of turnover, roughly five days of sales, consistent with a business paid up front for a fortnight in July. Silverstone's £4m on £104m works out at around 14 days. Per head, Wimbledon generates roughly £816,000 of turnover for each average employee, against roughly £454,000 at Silverstone, a multiple of 1.8.
| Measure | Wimbledon | Silverstone | Gap or ratio |
|---|---|---|---|
| Turnover | £427m | £104m | £323m (4.1x) |
| Turnover movement | 4.2% | 8.7% | Silverstone +4.5pp |
| Profit before tax (estimated) | £45m | £14m | £31m (3.2x) |
| Profit before tax, prior year | £37m | £18m | Directions diverge |
| Movement on prior year | 21.6% | (22.2%) | Wimbledon up, Silverstone down |
| Margin on turnover (estimated) | 10.5% | 13.5% | Silverstone +3.0pp |
| Cash at bank | £101m | £46m | £55m (2.2x) |
| Cash as share of turnover | 23.7% | 44.2% | Silverstone +20.5pp |
| Net assets | £537m | £38m | £499m (14.1x) |
| Current assets | £127m | £90m | £37m |
| Trade debtors | £6m | £4m | Roughly 5 days v 14 days |
| Staff costs | £34m | £13m | £21m |
| Staff costs as share of turnover | 8.0% | 12.5% | Silverstone +4.5pp |
| Employees (average) | 523 | 229 | 294 (2.3x) |
| Employee growth | 2.3% | 12.8% | Silverstone +10.5pp |
| Average staff cost per head | £64,000 | £57,000 | £7,000 |
| Turnover per average employee | £816,000 | £454,000 | 1.8x |
| Estimated borrowings | £124m | £0 | £124m |
| Interest payable | £3m | £0 | Wimbledon only |
| Interest received | £9m | £2m | £7m |
| Dividends | £0 | £0.8m | Silverstone only |
| Accounting year end | Jul 2025 | Dec 2024 | Seven months apart |
| Company incorporated | 2011 | 1966 | 45 years apart |
Profit before tax is an estimate derived from the filings, not a disclosed line, and Wimbledon's figures are consolidated across its group while Silverstone's are for the single company.
The signature view
Which venue keeps more of every £100 it takes?
Silverstone, by £3.00. For every £100 of turnover it reports an estimated £13.50 of profit before tax, against £10.50 at Wimbledon. The split beneath that headline is what differs: Wimbledon spends £8.00 of every £100 on payroll and £81.50 on everything else, while Silverstone spends £12.50 on payroll and £74.00 on everything else. The tail below each column is the only pound that leaves as a dividend.
Each column is one company's own £100, scaled from its filed turnover, staff costs, estimated profit before tax and dividends. The middle band is a residual, not a disclosed line, and covers every cost other than payroll.
The people
How do the two payrolls compare?
Wimbledon's is larger in cash and lighter as a share of income. It reports £34m of staff costs across an average 523 employees, an average of £64,000 per head. Silverstone reports £13m across an average 229 employees, £57,000 per head. Set against turnover, that is 8.0% at Wimbledon and 12.5% at Silverstone.
Headcount is moving faster at the circuit. Silverstone's average employee count grew 12.8% year on year, against 2.3% at Wimbledon. Both numbers are averages for the financial year, so neither is a headcount on event day, and neither captures contractors engaged for a single fortnight or a single race weekend.
Wimbledon
8.0%
of turnover goes on staff costs, £34m across 523 average employees at £64,000 each
Silverstone
12.5%
of turnover goes on staff costs, £13m across 229 average employees at £57,000 each
The financing
What do the charges, borrowings and dividends show?
Two different funding shapes. Wimbledon carries estimated borrowings of £124m and £3m of interest payable, while holding £101m in cash and taking £9m of interest received. Silverstone shows no estimated borrowings and no interest payable, holds £46m in cash, equal to 44.2% of a year's turnover, and received £2m of interest.
On registered security the position is the reverse of the borrowings. No charges are recorded against the Wimbledon company in the filings we hold. Silverstone carries one outstanding charge, a fixed and floating charge over all assets granted to HSBC UK Bank plc on 22 June 2020, alongside earlier Lloyds TSB charges that were discharged in June 2017 and June 2020. For clarity, this column records security registered at Companies House against these two companies. It is not a record of Wimbledon's debenture ticket programme, which is a separate matter and sits outside this dataset.
Distributions follow the ownership structure. Silverstone recorded £0.8m of dividends in the year. Wimbledon recorded none, which is what a company limited by guarantee with no share capital would be expected to show.
| Financing item | Wimbledon | Silverstone |
|---|---|---|
| Estimated borrowings | £124m | £0 |
| Interest payable | £3m | £0 |
| Interest received | £9m | £2m |
| Cash at bank | £101m | £46m |
| Dividends | £0 | £0.8m |
| Charges outstanding | None recorded | 1 (HSBC UK Bank plc, 22 Jun 2020) |
| Charges discharged | None recorded | 3 (Lloyds TSB, 2017 and 2020) |
Ownership and control
Who owns Wimbledon and who owns Silverstone?
Neither company records a person with significant control at Companies House, which is where the two structures part company. The All England Lawn Tennis & Croquet Club Limited is a company limited by guarantee, incorporated in 2011, and files consolidated accounts, so the £427m of turnover, the 523 employees and the £537m of net assets are group figures with the subsidiaries already inside them. Silverstone Circuits Limited, incorporated in 1966, files unconsolidated accounts covering the single company, and the British Racing Drivers' Club describes it as its wholly owned operating company. The club itself is outside every figure on this page.
Both hold property on the record. Wimbledon's is a freehold at 64 Bathgate Road, London SW19, acquired on 25 September 2018 with a disclosed price paid of £3m. Silverstone's is a leasehold interest in the ground floor of the hotel at the circuit, dated 26 May 2023, with no price disclosed.
Wimbledon
The All England Lawn Tennis & Croquet Club Limited, company number 07546718, incorporated 2011, active, consolidated accounts, no PSC recorded, no share capital and no dividends.
Silverstone
Silverstone Circuits Limited, company number 882843, incorporated 1966, active, unconsolidated accounts, no PSC recorded, one outstanding charge and £0.8m of dividends in the year.
The ledger
Which entities are in scope on this page?
Two, one for each side. Everything else is either consolidated inside the Wimbledon line already or sits above Silverstone in a structure that is out of scope.
| Company | Number | Inc. | Year end | Turnover | PBT (est) | Net assets | Cash | Staff | Status |
|---|---|---|---|---|---|---|---|---|---|
| Wimbledon, consolidated group | |||||||||
| The All England Lawn Tennis & Croquet Club Limited | 07546718 | 2011 | Jul 2025 | £427m | £45m | £537m | £101m | 523 | Active |
| Silverstone, single company | |||||||||
| Silverstone Circuits Limited | 882843 | 1966 | Dec 2024 | £104m | £14m | £38m | £46m | 229 | Active |
Excluded by design: the subsidiaries already inside the Wimbledon consolidation, which would double count if added, and the British Racing Drivers' Club above Silverstone, which files separately and is not covered here.
Methodology
How were these figures put together?
- Source is Companies House filing data for the two named companies, submitted April 2026 (Wimbledon) and October 2025 (Silverstone).
- The year ends are seven months apart, July 2025 against December 2024. The comparison is between two businesses at their own reporting dates and is not like for like.
- Wimbledon's figures are consolidated, so subsidiary turnover, staff and net assets are already inside the £427m, the 523 employees and the £537m. Nothing is added on top. Silverstone's figures are unconsolidated and cover the single company only.
- No figure anywhere on this page combines the two subjects. Every number is attributed to one company or expressed as the gap, ratio or percentage point difference between them.
- Profit before tax is an estimate derived from the filings rather than a disclosed line, and is labelled as such throughout. Prior year profit before tax is the filed actual, used only for direction of travel.
- Margins, cost ratios, per head figures and debtor days are calculated by Spark Intel from the filed figures and are approximate, since the inputs are themselves rounded.
- Figures in £m are rounded: below £0.1m shown in £k, between £0.1m and £2m to one decimal place, and £2m and above to the nearest million. Rounding is applied on the absolute value, so losses follow the same rule as profits.
- Property price paid is shown only where a non-zero price is disclosed. A disclosed price of zero means not disclosed or nominal.
Questions
Wimbledon and Silverstone, asked and answered
Wimbledon. The All England Lawn Tennis & Croquet Club Limited reported group turnover of £427m for the year to July 2025. Silverstone Circuits Limited reported £104m for the year to December 2024. That is a gap of £323m, or 4.1 times.
Silverstone, on margin. Its estimated profit before tax of £14m is 13.5% of turnover, against 10.5% at Wimbledon on an estimated £45m. In cash terms Wimbledon is £31m ahead. Direction of travel differs: Wimbledon's estimate is up from £37m the previous year, Silverstone's is down from £18m.
Wimbledon reported an average of 523 employees, Silverstone 229, a gap of 294. Average staff cost was £64,000 per head at Wimbledon and £57,000 at Silverstone. Both are averages for the financial year, so neither figure is a headcount on event day.
Silverstone Circuits Limited recorded £0.8m of dividends. The All England Lawn Tennis & Croquet Club Limited recorded none, which is consistent with a company limited by guarantee with no share capital to pay them on.
Neither company records a person with significant control at Companies House. The All England Lawn Tennis & Croquet Club Limited is a company limited by guarantee, incorporated in 2011, and files consolidated group accounts. Silverstone Circuits Limited, incorporated in 1966, files unconsolidated accounts and is described by the British Racing Drivers' Club as its wholly owned operating company. The BRDC itself sits outside the figures on this page.
Not exactly. The year ends are seven months apart, July 2025 against December 2024, and Wimbledon's figures are consolidated across a group while Silverstone's cover a single company. Read the comparison as two businesses at their own reporting dates rather than as a like for like season.
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