Williams Grand Prix - Ambition for competition
Performance in 2017 was one of progress at the core accompanied by a sharp reduction in net debt, aided by significant property sales proceeds. Progress is apparent in Williams Advanced Engineering (WAE) but the Formula One (F1) racing team remains the heart of the business. Performance on the track is a key determinant of group financial returns, but the changes to produce a more equal distribution of commercial rights are only likely in the medium term. Until then, progress will probably remain volatile, especially as competition on the track has intensified.Williams Grand Prix Holdings is a holding company. Through its subsidiary, Williams Grand Prix Engineering Limited comprises a Formula One racing team and an engineering business. Co. is engaged in the design, manufacturing and commercial activity of race cars for the Formula One World Championship and the provision of Formula One derived technologies through its subsidiary, Williams Advanced Engineering Limited (WAE). WAE provides technical, engineering, testing and manufacturing services to customers in the automotive, aerospace, defence and energy sectors. It focuses in the commercial application of aerodynamics, advanced lightweight materials, hybrid power systems and electronics.
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