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McLaren Group

McLaren Group Limited
Company typePrivate
IndustryAutomotive
Founded2 December 1985 (1985-12-02) [1]
HeadquartersMcLaren Technology Centre,

Woking
,
England, UK 51°20′45.0″N 0°32′54.0″W / 51.345833°N 0.548333°W / 51.345833; -0.548333
Key people
Paul Walsh (executive chairman)[2]
ProductsSports cars
RevenueDecrease £465.9 million[3] (2023)
Decrease −£762.1 million[3] (2023)
Decrease −£872.5 million[3] (2023)
OwnerMumtalakat Holding Company
Number of employees
Increase 2,508[3] (2023)
Subsidiaries
Websitegroup.mclaren.com

McLaren Group Limited (/məˈklærən/ mə-KLARR-ən) is a British holding company based in Woking, England, which is involved in Formula One and other motorsport and the manufacture of sports cars.[5]

The group was founded by Ron Dennis shortly after his acquisition of the McLaren Formula One team in 1981, as the TAG McLaren Group due to a partnership with Mansour Ojjeh's TAG Group. The Formula One team had been established by New Zealander Bruce McLaren in 1963.

McLaren Group was renamed McLaren Technology Group in 2015. In June 2017 it was announced that Dennis had sold his 25% shareholding in the company to the other shareholders, in addition to his shares in McLaren Automotive. The group then merged with McLaren Automotive to form a new company using the previous McLaren Group name.[6]

  1. ^ "MCLAREN TECHNOLOGY GROUP LIMITED". Companies House. Companies House. 31 December 2017. Retrieved 9 October 2018.
  2. ^ "McLaren Group Shareholders Unanimously Approve Full Recapitalisation". investors.mclaren. 19 December 2023. Retrieved 2 March 2024.
  3. ^ a b c d "2023 McLaren Holdings Limited Annual report" (PDF). McLaren.com. McLaren Holdings Limited. 29 April 2023. Retrieved 21 May 2024.
  4. ^ Cite error: The named reference msp was invoked but never defined (see the help page).
  5. ^ "Group Companies". www.mclaren.com. 25 February 2014.
  6. ^ "New McLaren group unifies McLaren Automotive and McLaren Technology Group with one winning future". mclaren.com. 30 June 2017. Retrieved 1 July 2017.

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