The Williams F1 half-year accounts have been published and, thanks to the delights of full disclosure, we are able to see a fairly dramatic improvement in the team’s financial situation in the course of the last three years. This year the team reported having £36.6 million available in cash on June 30, compared to last year’s £13.9 million and the £2.8 millon that was available at the same moment in 2010.
The team’s six-month turnover also features an impressive hike, rising from £45 million in 2010, to £47.3 last year and £74.3 million this year. The team explains this with the note in the financial report that the team “entered into an agreement with Formula One World Championship Limited and SLEC Holdings Limited to participate in Formula One for the period 2013 to 2020. Williams Grand Prix Engineering Limited received an initial payment, payable immediately on signature of the agreement”.
Doing some basic sums one might be forgiven for speculating that with the growth rate seen in 2011, one might expect to see a figure this year of just under £40 million and that an additional £25 million has appeared from somewhere.