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Current Page: 26 of 31
 
Re: News and Stuff!
IanSmithISA (IP Logged)
05 April, 2019 08:43
Good morning,

Are you sure? :-)

[beta.companieshouse.gov.uk]

Shows Williams Grand Prix Engineering with 75% or more of WAE, there is no higher band and as far as I understand the no WAE shares were sold in the Lotus partnership or the Unipart battery project.

Bye

Ian

 
Re: News and Stuff!
Mikef1 (IP Logged)
05 April, 2019 08:59
Quote:
IanSmithISA
Good morning,
Are you sure? :-)

[beta.companieshouse.gov.uk]

Shows Williams Grand Prix Engineering with 75% or more of WAE, there is no higher band and as far as I understand the no WAE shares were sold in the Lotus partnership or the Unipart battery project.

Bye

Ian

Evidently not. Just stuff I read on here anyways I don't tend to look at business aspects too much

 
Re: News and Stuff!
Andrew Hooper (IP Logged)
05 April, 2019 09:55
Spain for updates doesn't surprise me as it still looks like they are trying to figure out the issues with the FW42.

 
Re: News and Stuff!
05 April, 2019 15:33
Quote:
Andrew Hooper
Spain for updates doesn't surprise me as it still looks like they are trying to figure out the issues with the FW42.
Isn't that when most major updates are due on most cars



100% Williams
WILL SUPPORT WILLIAMS AS LONG AS THEY HAVE A TEAM

 
Re: News and Stuff!
Mikef1 (IP Logged)
05 April, 2019 15:58
Quote:
boro1986willliamsf1
Quote:
Andrew Hooper
Spain for updates doesn't surprise me as it still looks like they are trying to figure out the issues with the FW42.
Isn't that when most major updates are due on most cars

Sure in a season that's not post regulation change. There have already been great updates on many cars. To think that William's are bringing nothing

 
Re: News and Stuff!
Sweeper (IP Logged)
05 April, 2019 16:49
Quote:
Andrew Hooper
it still looks like they are trying to figure out the issues with the FW42.

Which of the two is the FW42? grinning smiley

 
Re: News and Stuff!
Mikef1 (IP Logged)
05 April, 2019 19:20
Quote:
Sweeper
Quote:
Andrew Hooper
it still looks like they are trying to figure out the issues with the FW42.

Which of the two is the FW42? grinning smiley

Would actually very much like to know which chassis they tested at bahrain

 
Re: News and Stuff!
Sweeper (IP Logged)
05 April, 2019 19:50
Quote:
Mikef1
Would actually very much like to know which chassis they tested at bahrain

Word is that it's Robert's, I recall he has actually indirectly confirmed it in some interview, but I am not sure there's a definite proof out there. For sure his car was tested this week, and out of a sudden Russell is 4/10 slower than Kubica in the same car and on the same tyres - which means there's AT LEAST 0.5s between cars. Do you suggest that what Russel drives is a FW42.5?

 
Re: News and Stuff!
M79 (IP Logged)
05 April, 2019 20:01
Donít we have a third chassis yet then? Out of three we should be able to have two identical ones or not?

 
Re: News and Stuff!
tomazy (IP Logged)
05 April, 2019 20:22
Quote:
Sweeper
Quote:
Mikef1
Would actually very much like to know which chassis they tested at bahrain

Word is that it's Robert's, I recall he has actually indirectly confirmed it in some interview, but I am not sure there's a definite proof out there. For sure his car was tested this week, and out of a sudden Russell is 4/10 slower than Kubica in the same car and on the same tyres - which means there's AT LEAST 0.5s between cars. Do you suggest that what Russel drives is a FW42.5?

And Russell was 2,2s quicker in the same car in the same testing than Hamilton, so Kubica is at least 2,7s faster tham Hamilton.

My point being, it is pointles to compare times in testing. And why would Williams be testing with FW42 if they have a FW42.5 allready? The cars should be the same, but due to the rush of construction, tolerances were not what they should be so cars are a bit diffirent. How diffirent, we will newer know without raw data.

 
Re: News and Stuff!
Sweeper (IP Logged)
05 April, 2019 21:04
Quote:
tomazy
Russell was 2,2s quicker in the same car in the same testing than Hamilton, so Kubica is at least 2,7s faster tham Hamilton.
My point being, it is pointles to compare times in testing
Russell c5, Hamilton c3. While I understand what point you were trying to make, you unfortunately didn't make it. Actually Kub/Rus can be easily compared this time. And I noted and appreciated that George decided to not blow his trumpet after the tests.

Quote:
And why would Williams be testing with FW42 if they have a F42.5 allready? The cars should be the same, but due to the rush of construction, tolerances were not what they should be so cars are a bit diffirent. How diffirent, we will newer know without raw data.

Figure of speech really. FW42.5 because it's not a small difference - min. 5/10 unless I am proven wrong based on facts. What kind if rush can result in such tolerances, and subsequent inability to deliver another chassis/floor/whatever to replace the faulty one is maybe for Mike to speculate. And maybe for sponsor(s) to push, as hardly a serious company would like to be associated with such a laughing stock.

 
Re: News and Stuff!
Mehryar (IP Logged)
05 April, 2019 23:31
If there's such a difference between 2 cars, well, you can't say which one is right, faster or correct or whatever you call it...They are just different and that's exactly Russell's words, spoton.

About your useless comparison, George did his run in morning session and for your knowledge, in Bahrain, there's a big gap between track conditions in morning and afternoon, even considering the rain during the break.
For confirmation, check Fp3 times which logically should be faster than Fp2 times.

Last note, whenever a driver or his fan or a team or their fans needs to dig deep to find one quick lap, one bright point or something to justify his performance, there's something really wrong.
The guy needs to put his head down and except of making millions of moaning in every single interview here& there, get his act together and perform.



http://img150.imageshack.us/img150/1095/mehryarsigyo7.gif

Dylan's Together Through Life Hits The Stores.

 
Re: News and Stuff!
IanSmithISA (IP Logged)
06 April, 2019 07:41
Good morning,

The 2018 accounts have been published, [www.williamsf1.com] and they appear to be pretty healthy.

WAE
====
WAE seems to feature highly in the directorsí reports again, something that continues to worry me as WAE is given more prominence and the F1 team is covered by a lot of space filling zero value text. I think that you need to read the report to see what I mean.

WAE head count and costs are acknowledged to have grown.

The trouble is that WAE needs to retain its profits if the business is to grow so it can not offer much money to the F1 team. It must also be remembered that some of its valuable IP is a commercialisation of F1 technology.

Just to be clear I donít have a downer on the actual business, it had a £44million turnover and £5million EBIDTA which is pretty impressive I just see it as becoming more important to the group than the F1 team.


F1 Team
=======
Revenue in Formula One increased to £130.7m (2017:£125.6m).

This included one-off partnership income of approximately £8m which will not repeat in 2019.

This is something that Williams seem to be very good at, it seems that most years there is some of this, although what it was is not explained it seems a lot for a Stroll buyout fee.


GROUP
======
Given the F1ís team ability and need to consume cash group profit is pretty much irrelevant, but EBITDA was up to £12.9million from £10million and there was a post tax profit of £3.5million.

In 2017 the group repaid £30million in loans and took out another £15million. In 2018 they repaid £15million and took out £15million, in other words pushed repayment down the road, there is £12million due in 2019.

This is probably not a critical issue and was to be expected. As I have said before the main issues are impatience from the lenders who may not allow any more extensions and the removal of the option to solve a problem by borrowing and throwing money at it.

As the group has £9.4million in cash at the end of year you have net debt of only £11.5million. This is a bit tricky as I donít know when certain bills are due, for example does the engine bill come in on January.

If you take out the 2017 land sale, 2017 and 2018 were pretty much the same in terms of costs and revenue, with 2018 having a slight edge.

Staffing level and wages seem to be up by a bit under 10% with payroll coming in a £70 million for 862 employees and £7.5million for the directors. Directors' remuneration is not broken down, but the highest paid was £4.4million.


Herritage
========
There seems to have been a sale of 4 cars from the heritage fleet bringing in close on £4million.


Bye

Ian

 
Re: News and Stuff!
phatjack (IP Logged)
06 April, 2019 18:00
Ian, a healthy team financially and with Williams pedigree it does fail to explain the pig of a car they have produced 2 years running.

 
Re: News and Stuff!
Sweeper (IP Logged)
06 April, 2019 18:57
Quote:
Mehryar
If there's such a difference between 2 cars, well, you can't say which one is right, faster or correct or whatever you call it...They are just different and that's exactly Russell's words, spoton.
Well, if there is a huge difference in iq between people I find it easy to say which one is an idiot. Same with cars, but for fun I will happily build in Russell's theory that if there are such differences between Williams and the rest of the field, we can't say if they are right, faster or correct - the cars are just different, spoton.

Quote:
About your useless comparison, George did his run in morning session and for your knowledge, in Bahrain, there's a big gap between track conditions in morning and afternoon, even considering the rain during the break.

I just can't have enough of your ability to ignore pretty much any facts that contradict whatever idea you decided to take as yours 100 years ago. Purely amazing and respectful, too. The last sentence of yours could just as well read 'even considering the earthquake'.
Quote:
Last note, whenever a driver or his fan or a team or their fans needs to dig deep to find one quick lap, one bright point or something to justify his performance, there's something really wrong.
There's no need to dig, as there's enough information on the surface. It's really amazing how much effort it would normally take to ignore it - and you don't ever break a sweat.

 
Re: News and Stuff!
Mehryar (IP Logged)
06 April, 2019 19:53
LOL! just big LOL...but a special LOL at your first part of excuses!

Unfortunately, I know a little about each and every kind of fallacy so I can smell who's trapping himself inside of it 'cept of sticking with logics.



http://img150.imageshack.us/img150/1095/mehryarsigyo7.gif

Dylan's Together Through Life Hits The Stores.

 
Re: News and Stuff!
Myvatn (IP Logged)
06 April, 2019 23:26
Both drivers stated that the cars show a different behaviour even when they are run with the same set up, so we can take this as a fact. But taking test times set at different times of the day and without knowing each driverís program to prove that one driver is 0.5 seconds faster than the other does not make sense, sorry.

I hope that the team sorts this issue in a short time, and that both drivers will be able to compete with equal machinery, possibly closer to the rest of the field. Once this is done, we will see if Kubica is really the faster of the two.

 
Re: News and Stuff!
Sweeper (IP Logged)
07 April, 2019 10:55
Quote:
Sweeper
there's AT LEAST 0.5s between cars

Quote:
Myvatn
to prove that one driver is 0.5 seconds faster than the other does not make sense, sorry.

Guys, you really need to concentrate while reading

 
Re: News and Stuff!
Myvatn (IP Logged)
07 April, 2019 11:10
Quote:
Sweeper
Quote:
Sweeper
there's AT LEAST 0.5s between cars

Quote:
Myvatn
to prove that one driver is 0.5 seconds faster than the other does not make sense, sorry.

Guys, you really need to concentrate while reading
Thatís simple logic - if you say there is at least half a second between the cars, you are saying that Kubica would have been around 0.5 s faster in qualifying last week.

 
Re: News and Stuff!
phatjack (IP Logged)
07 April, 2019 11:12
Sweeper lets give Robert that .5 secs, Second last vs last is nothing to brag about.

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