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Williams reports £34m loss for 2014
Despite Williams Grand Prix Holdings PLC reporting a loss of £34million for 2014, the company remains confident that its financial results will improve this year. The F1 section of the group made a loss of £42.5million, which it puts down to lower revenue – after a difficult 2013, where the team finished ninth in the constructors' standings – and higher costs for the 2014 season. The previous on-track struggles saw Williams embark on a 'turnaround strategy' to bring the team back to the front and 'put in place the foundations for a profitable engineering business'. For the year ending December 2014, the Williams group's revenue fell from £130.4million to £90.2million, while...
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