Williams Racing: who owns it, who runs it and what the accounts show
Williams Grand Prix Engineering Limited has no person with significant control recorded on the Companies House register. In the year to December 2025 it reported turnover of £244m.
- In the year to December 2025, Williams Racing had turnover of £244m, up 35.7% on the year before.
- It made a pre-tax loss of £20m, losing £8.05 of every £100 of sales.
- It employed an average of 1,151 people, with staff costs of £107m.
- These figures are from Williams Grand Prix Engineering Limited's group accounts for the year to December 2025, filed at Companies House on 22 September 2026.
- Registered name
- WILLIAMS GRAND PRIX ENGINEERING LIMITED
- Company number
- 01297497
- Status
- Active
- Incorporated
- 8 February 1977
- Registered office area
- Oxford
- Industry code on the register
- 71129: Architectural and engineering activities; technical testing and analysis
- Accounts
- Group accounts, covering the companies it owns
- Accounts type
- Full group accounts
- Latest accounts
- Year to December 2025, filed 22 September 2026
What does Williams Racing do?
Williams Racing is a Formula One team that designs and builds its race cars at Grove in Oxfordshire. Its income comes from sponsorship and partnership deals and its share of Formula One prize money. It was founded in 1977 by Frank Williams and Patrick Head and stayed family-run for more than four decades. It has been owned by the US investment firm Dorilton Capital since 2020.
In brief: Formula One team · based in Grove, Oxfordshire · sponsorship and prize money · owned by Dorilton Capital
Source: Spark Intel editorial, checked 24 September 2026. Official website: williamsf1.com.
Who owns Williams Racing?
Williams Grand Prix Engineering Limited, company number 01297497, has no person with significant control recorded on the register. The full record is linked below.
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 Williams Racing?
The Companies House register lists 3 current officers for Williams Grand Prix Engineering Limited.
All 3 current officers
| Officer | Appointed |
|---|---|
| James Spencer Matthews | 21 August 2020 |
| Matthew Louis Charles Savage | 21 August 2020 |
| Mark Biddle | 27 September 2021 |
Every current officer, with appointment dates, is on the Companies House register.
What did Williams Racing file?
Williams Grand Prix Engineering Limited reported turnover of £244m in the year to December 2025. That was up 35.7% on £180m the year before.
It reported 1,151 employees. The year before it reported 949.
It filed a pre-tax loss of £20m for the year, against a pre-tax loss of £42m the year before.
Staff costs came to £107m. That is an average of £93,000 a head. It ended the year with £18m at the bank and net assets of £99m.
| Measure | Dec 2025 | Dec 2024 |
|---|---|---|
| Turnover | £244m | £180m |
| Pre-tax profit | -£20m (filed) | -£42m (filed) |
| Employees | 1,151 | 949 |
| Staff costs | £107m | £85m |
| Average staff cost per head | £93,000 | £89,000 |
| Bank and cash | £18m | £25m |
| Net assets | £99m | £130m |
| Interest received | £0.3m | |
| Directors' pay | £74k |
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 · Group accounts
Are there any charges against Williams Racing?
Williams Grand Prix Engineering Limited has registered 18 charges at Companies House, of which 1 is still outstanding. A charge is security a lender takes over a company's assets; one is satisfied when the lending behind it is repaid or released.
The outstanding charge
| Charge holder | Created |
|---|---|
| Hsbc UK Bank PLC | 6 April 2020 |
Each charge, with its holder and dates, is on the Companies House register.
How Williams Racing compares
Of the 7 F1 teams, Williams Racing is 6th on turnover, 6th on profit margin and 1st 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 |
| 6th | Williams Racing | £244m | −£8.05 |
| + 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.
Williams Racing files as Williams Grand Prix Engineering Limited, with turnover of £244m in its latest filed year.
Questions about Williams Racing
What does Williams Racing do?
Williams Racing is a Formula One team that designs and builds its race cars at Grove in Oxfordshire. Its income comes from sponsorship and partnership deals and its share of Formula One prize money. It was founded in 1977 by Frank Williams and Patrick Head and stayed family-run for more than four decades. It has been owned by the US investment firm Dorilton Capital since 2020.
Is Williams Racing bigger than McLaren?
No, by turnover. Williams Racing reported £244m in its latest accounts, against £588m at McLaren. Our McLaren v Williams Racing page compares the two on profit, margin, growth and staff. McLaren v Williams Racing →
How does Williams Racing compare with its rivals?
By turnover, Williams Racing is 6th 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 Williams Racing?
Williams Grand Prix Engineering Limited has no person with significant control recorded at Companies House.
How much does Williams Racing make?
Williams Grand Prix Engineering Limited reported turnover of £244m in the year to December 2025. It filed a pre-tax loss of £20m.
How many people work at Williams Racing?
Williams Grand Prix Engineering Limited reported 1,151 employees in the year to December 2025.
Who runs Williams Racing?
The Companies House register lists 3 current officers for Williams Grand Prix Engineering Limited. The full list, with appointment dates, is on the Companies House register.
- Figures come from Williams Grand Prix Engineering Limited's filings at Companies House, company number 01297497, for the period shown at the top of the page.
- These are group accounts: they include the companies it owns.
- 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, “Williams Racing: who owns it, who runs it and what the accounts show”, updated 6 November 2026. https://www.spark-intel.co.uk/companies/williams-racing/. Figures from Companies House filings for WILLIAMS GRAND PRIX ENGINEERING LIMITED (01297497).
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