FORMULA ONE WORLD CHAMPIONSHIP LIMITED
Company Information
- Company Number
- 04174493
- Registered Address
- No. 2 St. James's Market, London, United Kingdom, SW1Y 4AH
- Status
- Active
- Employee Count
- 0
- Turnover
- £1,521,595,000
- EBITDA
- £170,445,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 March 2001
- Nature of Business
- 60200 - Television programming and broadcasting activities93199 - Other sports activities
- Industries
- Creative,Media And Publishing,Lifestyle And Entertainment,Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 15 | 90% | 3% | 7% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 20 | 85% | 7% | 8% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 20 | 84% | 8% | 8% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 7 | 93% | 4% | 3% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 30 Jan 2022 | 11 | 92% | 5% | 3% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 7 | 92% | 6% | 2% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 9 | 93% | 4% | 3% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 11 | 92% | 3% | 5% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 14 | 90% | 4% | 5% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 23 | 80% | 11% | 9% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 27 | 81% | 5% | 14% | 16% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The company's standard contractual payment term for goods and services, when applied, is 30 days, however alternative periods can be agreed through discussion on a vendor by vendor basis. No changes have been made to the company's standard payment terms in the period, albeit agreements with individual vendors can change from time to time based on discussions with the relevant counterparties.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
297
Dispute Resolution Process
All queries are addressed with suppliers by the Accounts Payable team responsible for all Formula 1's UK subsidiaries. The Accounts Payable team seek to resolve queries directly with the suppliers and through liaison with the relevant Formula 1 managers who were responsible for engaging the particular supplier and confirming the receipt, or otherwise, of the relevant goods or services.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Formula One World Championship Limited is a global motorsport organization that manages and promotes the Formula One World Championship. The company is responsible for organizing and overseeing all aspects of the prestigious racing series, including the selection of teams, drivers, and race locations.
In addition to their core business of organizing races, Formula One World Championship Limited also has a strong commitment to sustainability. The company has implemented various initiatives to reduce their environmental impact, such as using renewable energy sources, promoting sustainable transportation for staff and fans, and implementing waste reduction measures. They also work closely with their partners and suppliers to ensure sustainable practices are followed throughout the supply chain.
Formula One World Championship Limited offers a range of products and services related to the Formula One World Championship, including broadcast rights, event management, and merchandise. They also have a digital media platform, F1 TV, which provides live streaming of races and access to exclusive content for fans.
The key people at Formula One World Championship Limited include the CEO, Stefano Domenicali, and the Chairman, Chase Carey. They are supported by a team of experienced executives and employees who are responsible for the day-to-day operations of the company.
The registered office address for Formula One World Championship Limited is 6 Princes Gate, London, SW7 1QJ, UK. Their website, www.formula1.com, provides information on upcoming races, teams, drivers, and news related to the sport. It also offers a range of official merchandise for fans to purchase.
In summary, Formula One World Championship Limited is a leading motorsport organization that is committed to sustainability and offers a variety of products and services related to the Formula One World Championship. With a strong leadership team and a focus on promoting sustainable practices, the company continues to be a global leader in the world of motorsports.
