Surrey, England based Formula1 Company Mclaren recently filed a pre-tax loss of £22.6million, the company made a turnover of £256million in year in review (2004).
A £13million loss of sponsorship and a not so good season meant the team also missed out on prize money and it now put has put the Mclaren Group who earlier on in the year changed its name to Maclaren Technology Group in the red.
The Future However seems bright for the Group with one of its subsidiaries Mclaren Automotive set to launch a sports series model that is bound to be a sell-out.
The Company adding other businesses that will see the company become much more than just a Formula 1 company.
photo credit: Mike Clarke
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