Haas F1: who owns it, who runs it and what the accounts show
Haas Formula UK Ltd's person with significant control on the Companies House register is Mr Gene Francis Haas. In the year to December 2025 Haas Formula UK Ltd reported turnover of £147m.
- In the year to December 2025, Haas F1 had turnover of £147m, up 23.5% on the year before.
- It made a pre-tax profit of £9m.
- Haas Formula UK provides 'Formula One team support services' in the UK to its US parent, Haas Formula LLC: its turnover is the support costs it recharges to the parent, with a principal mark-up of 9%, not the team's sponsorship or prize money (accounts to 31 December 2025, p. 4).
- It employed an average of 199 people, with staff costs of £19m.
- These figures are from Haas Formula UK Ltd's accounts for the year to December 2025, filed at Companies House on 1 October 2026.
- Registered name
- HAAS FORMULA UK LTD
- Company number
- 09152405
- Status
- Active
- Incorporated
- 29 July 2014
- Registered office area
- Oxford
- Industry code on the register
- 93199: Sports activities and amusement and recreation activities
- Accounts
- Single company accounts, this company only
- Accounts type
- Full accounts
- Latest accounts
- Year to December 2025, filed 1 October 2026
What does Haas F1 do?
Haas F1 is a Formula 1 team owned by the American businessman Gene Haas, founder of the machine-tool maker Haas Automation. It first raced in 2016, the first American-led team in Formula 1 for three decades. It has bases in Kannapolis, North Carolina, and Banbury, Oxfordshire, home to its UK company.
In brief: Formula 1 team · owned by Gene Haas · Banbury and Kannapolis · sponsorship and prize money
Source: Spark Intel editorial, checked 24 September 2026. Official website: haasf1team.com.
Who owns Haas F1?
The Companies House register records Mr Gene Francis Haas as the person with significant control of Haas Formula UK Ltd, company number 09152405.
The register names an individual, not a company, as its controller.
The full ownership record is on the Companies House register. Control is given in the bands the register uses, not as exact shareholdings.
Who runs Haas F1?
The Companies House register lists 2 current officers for Haas Formula UK Ltd.
All 2 current officers
| Officer | Appointed |
|---|---|
| Gene Francis Haas | 29 July 2014 |
| Joseph George Custer | 28 March 2020 |
Every current officer, with appointment dates, is on the Companies House register.
What did Haas F1 file?
Haas Formula UK Ltd reported turnover of £147m in the year to December 2025. That was up 23.5% on £119m the year before.
It reported 199 employees. The year before it reported 156.
It filed a pre-tax profit of £9m for the year, against a pre-tax profit of £8m the year before.
Staff costs came to £19m. That is an average of £97,000 a head. It ended the year with £3m at the bank and net assets of £53m.
| Measure | Dec 2025 | Dec 2024 |
|---|---|---|
| Turnover | £147m | £119m |
| Pre-tax profit | £9m (filed) | £8m (filed) |
| Employees | 199 | 156 |
| Staff costs | £19m | £16m |
| Average staff cost per head | £97,000 | £100,000 |
| Bank and cash | £3m | £2m |
| Net assets | £53m | £46m |
| Interest received | £56k |
What these figures cover: Haas Formula UK provides 'Formula One team support services' in the UK to its US parent, Haas Formula LLC: its turnover is the support costs it recharges to the parent, with a principal mark-up of 9%, not the team's sponsorship or prize money (accounts to 31 December 2025, p. 4).
Read the accounts to December 2025 (PDF, Companies House) · every accounts filing
What do these figures mean? Turnover vs profit · Profit per £100 · Cash vs profit · Net assets
How Haas F1 compares
Of the 7 F1 teams, Haas F1 is 7th on turnover, 2nd on profit margin and 2nd on growth. Mercedes F1 keeps the most of every £100 of sales: £26.60.
| Rank | F1 teams | Turnover | Profit per £100 |
|---|---|---|---|
| 1st | Mercedes F1 | £633m | £26.60 |
| 7th | Haas F1 | £147m | £6.41 |
| + 5 more F1 teams ranked |
Ranked by turnover. Profit per £100 is pre-tax profit for every £100 of turnover, shown only where the profit is filed.
Haas F1 files as Haas Formula UK Ltd, whose person with significant control is Mr Gene Francis Haas, with turnover of £147m in its latest filed year.
Questions about Haas F1
What does Haas F1 do?
Haas F1 is a Formula 1 team owned by the American businessman Gene Haas, founder of the machine-tool maker Haas Automation. It first raced in 2016, the first American-led team in Formula 1 for three decades. It has bases in Kannapolis, North Carolina, and Banbury, Oxfordshire, home to its UK company.
How does Haas F1 compare with its rivals?
By turnover, Haas F1 is 7th of the 7 companies in our battle of the F1 teams, behind Mercedes F1. The battle ranks them on turnover, pre-tax profit, margin, growth and net assets. The battle of the F1 teams →
Who owns Haas F1?
The Companies House register records Mr Gene Francis Haas as the person with significant control of Haas Formula UK Ltd.
How much does Haas F1 make?
Haas Formula UK Ltd reported turnover of £147m in the year to December 2025. It filed a pre-tax profit of £9m.
How many people work at Haas F1?
Haas Formula UK Ltd reported 199 employees in the year to December 2025.
Who runs Haas F1?
The Companies House register lists 2 current officers for Haas Formula UK Ltd. The full list, with appointment dates, is on the Companies House register.
- Figures come from Haas Formula UK Ltd's filings at Companies House, company number 09152405, for the period shown at the top of the page.
- These are single company accounts: they cover this company alone, not any wider group.
- Pre-tax profit is the figure the company filed, for both years.
- A figure the filing does not disclose is shown as n/d. A zero in the filing is treated as not disclosed, never as nil.
- Rounding: below £0.1m in thousands, from £0.1m to £2m to one decimal place, from £2m to the nearest million.
- Ownership is shown in the control bands the register of people with significant control uses, not as exact shareholdings.
- Officers' names and appointment dates come from the Companies House register. Job titles come from the company's own website. The description of what the company does comes from its website, or is marked Spark Intel editorial where it is written from stable, checked facts, with the date either way.
Spark Intel, “Haas F1: who owns it, who runs it and what the accounts show”, updated 9 November 2026. https://www.spark-intel.co.uk/companies/haas-f1/. Figures from Companies House filings for HAAS FORMULA UK LTD (09152405).
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