“The growth of these new investment businesses at a time of global financial instability, evidenced by a rapid increase in revenue under the Williams Advanced Engineering brand from £16m (2011) to £38m (2012), puts us on a sound footing to deliver to our long term strategy."
Last year also saw the F1 team return to the top step of the podium for the first time since 2004, as Pastor Maldonado claimed an unexpected win in Barcelona. Hopes that the victory may lead Williams to bigger and better things on track in 2013 have yet to be realised, as the FW35 has struggled over the first four races, but founder and F1 team principal Sir Frank Williams remains optimistic.
"2012 saw Williams make encouraging progress on and off the track and we are determined to continue that upward trend in 2013,” he said, “The win at the 2012 Spanish Grand Prix was a particular highlight and we continue to develop strong sponsorship partnerships and engineering relationships.
“At the end of the year, the Williams F1 team finished eighth in the FIA F1 world constructors' championship. There is still a way to go for the team to get to where we should be, but improvements on previous seasons are evident."