l3harris communications systems uk limited
l3harris communications systems uk limited Company Information
Company Number
00173103
Next Accounts
Sep 2025
Shareholders
l3harris technologies uk limited
Group Structure
View All
Industry
Other telecommunications activities
+2Registered Address
unit 1 dingley way, farnborough, hampshire, GU14 6FF
l3harris communications systems uk limited Estimated Valuation
Pomanda estimates the enterprise value of L3HARRIS COMMUNICATIONS SYSTEMS UK LIMITED at £72m based on a Turnover of £38.7m and 1.86x industry multiple (adjusted for size and gross margin).
l3harris communications systems uk limited Estimated Valuation
Pomanda estimates the enterprise value of L3HARRIS COMMUNICATIONS SYSTEMS UK LIMITED at £62.5m based on an EBITDA of £5.9m and a 10.64x industry multiple (adjusted for size and gross margin).
l3harris communications systems uk limited Estimated Valuation
Pomanda estimates the enterprise value of L3HARRIS COMMUNICATIONS SYSTEMS UK LIMITED at £88.3m based on Net Assets of £39.1m and 2.26x industry multiple (adjusted for liquidity).
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L3harris Communications Systems Uk Limited Overview
L3harris Communications Systems Uk Limited is a live company located in hampshire, GU14 6FF with a Companies House number of 00173103. It operates in the manufacture of communication equipment other than telegraph, and telephone apparatus and equipment sector, SIC Code 26309. Founded in February 1921, it's largest shareholder is l3harris technologies uk limited with a 100% stake. L3harris Communications Systems Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £38.7m with rapid growth in recent years.
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L3harris Communications Systems Uk Limited Health Check
Pomanda's financial health check has awarded L3Harris Communications Systems Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £38.7m, make it larger than the average company (£10.4m)
£38.7m - L3harris Communications Systems Uk Limited
£10.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (7.6%)
32% - L3harris Communications Systems Uk Limited
7.6% - Industry AVG
Production
with a gross margin of 60.3%, this company has a lower cost of product (44.7%)
60.3% - L3harris Communications Systems Uk Limited
44.7% - Industry AVG
Profitability
an operating margin of 15.2% make it more profitable than the average company (5.1%)
15.2% - L3harris Communications Systems Uk Limited
5.1% - Industry AVG
Employees
with 203 employees, this is above the industry average (45)
- L3harris Communications Systems Uk Limited
45 - Industry AVG
Pay Structure
on an average salary of £64.3k, the company has an equivalent pay structure (£64.3k)
- L3harris Communications Systems Uk Limited
£64.3k - Industry AVG
Efficiency
resulting in sales per employee of £190.8k, this is equally as efficient (£202.9k)
- L3harris Communications Systems Uk Limited
£202.9k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (55 days)
91 days - L3harris Communications Systems Uk Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 237 days, this is slower than average (39 days)
237 days - L3harris Communications Systems Uk Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 65 days, this is more than average (43 days)
65 days - L3harris Communications Systems Uk Limited
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 78 weeks, this is more cash available to meet short term requirements (14 weeks)
78 weeks - L3harris Communications Systems Uk Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.5%, this is a lower level of debt than the average (54.7%)
37.5% - L3harris Communications Systems Uk Limited
54.7% - Industry AVG
L3HARRIS COMMUNICATIONS SYSTEMS UK LIMITED financials
L3Harris Communications Systems Uk Limited's latest turnover from December 2023 is £38.7 million and the company has net assets of £39.1 million. According to their latest financial statements, we estimate that L3Harris Communications Systems Uk Limited has 203 employees and maintains cash reserves of £15 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Jan 2021 | Jan 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jul 2016 | Jul 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 38,734,000 | 35,115,000 | 35,232,000 | 41,525,000 | 16,898,000 | 37,076,000 | 12,473,000 | 13,421,000 | 10,153,000 | 9,271,000 | 12,043,000 | 49,165,000 | 70,057,000 | 104,366,000 | 82,288,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 15,360,000 | 15,287,000 | 18,136,000 | 23,551,000 | 10,302,000 | 20,185,000 | 2,328,000 | 4,542,000 | 1,479,000 | 2,437,000 | 3,979,000 | 34,710,000 | 40,565,000 | 67,178,000 | 55,183,000 |
| Gross Profit | 23,374,000 | 19,828,000 | 17,096,000 | 17,974,000 | 6,596,000 | 16,891,000 | 10,145,000 | 8,879,000 | 8,674,000 | 6,834,000 | 8,064,000 | 14,455,000 | 29,492,000 | 37,188,000 | 27,105,000 |
| Admin Expenses | 17,504,000 | 14,389,000 | 12,021,000 | 13,949,000 | 4,774,000 | 14,153,000 | 108,396,000 | 5,095,000 | 6,158,000 | 115,161,000 | 11,350,000 | 36,233,000 | 24,853,000 | 24,666,000 | 26,901,000 |
| Operating Profit | 5,870,000 | 5,439,000 | 5,075,000 | 4,025,000 | 1,822,000 | 2,738,000 | -98,251,000 | 3,784,000 | 2,516,000 | -108,327,000 | -3,286,000 | -21,778,000 | 4,639,000 | 12,522,000 | 204,000 |
| Interest Payable | 1,001,000 | 2,243,000 | 1,735,000 | 4,152,000 | 2,393,000 | 5,620,000 | 3,663,000 | 3,377,000 | 2,007,000 | 16,000 | 6,000 | 2,001,000 | 2,565,000 | 2,604,000 | 684,000 |
| Interest Receivable | 2,007,000 | 2,681,000 | 2,068,000 | 4,468,000 | 1,542,000 | 3,027,000 | 4,190,000 | 1,706,000 | 2,114,000 | 233,000 | 2,000 | 2,340,000 | 2,616,000 | 2,222,000 | 25,000 |
| Pre-Tax Profit | 7,463,000 | 6,214,000 | 7,155,000 | 16,857,000 | 3,541,000 | 5,713,000 | -97,596,000 | 17,799,000 | 2,623,000 | -109,372,000 | -3,176,000 | -19,225,000 | 4,707,000 | 12,148,000 | 2,657,000 |
| Tax | 1,145,000 | -1,342,000 | -122,000 | 4,000 | -1,172,000 | -361,000 | 905,000 | -77,000 | 301,000 | -52,000 | -7,000 | -841,000 | -659,000 | -4,204,000 | -576,000 |
| Profit After Tax | 8,608,000 | 4,872,000 | 7,033,000 | 16,861,000 | 2,369,000 | 5,352,000 | -96,691,000 | 17,722,000 | 2,924,000 | -109,424,000 | -3,183,000 | -20,066,000 | 4,048,000 | 7,944,000 | 2,081,000 |
| Dividends Paid | 6,335,000 | 40,171,000 | 7,000,000 | ||||||||||||
| Retained Profit | 2,273,000 | 4,872,000 | -33,138,000 | 16,861,000 | 2,369,000 | 5,352,000 | -96,691,000 | 17,722,000 | 2,924,000 | -109,424,000 | -3,183,000 | -27,066,000 | 4,048,000 | 7,944,000 | 2,081,000 |
| Employee Costs | 14,163,000 | 13,539,000 | 13,221,000 | 4,931,000 | 13,034,000 | 6,166,000 | 6,892,000 | 8,047,000 | 7,801,000 | 8,216,000 | 16,531,000 | 22,986,000 | 22,383,000 | 18,589,000 | |
| Number Of Employees | 152 | 157 | 157 | 167 | 130 | 67 | 78 | 80 | 80 | 80 | 274 | 292 | 294 | 322 | |
| EBITDA* | 5,870,000 | 6,327,000 | 5,698,000 | 4,784,000 | 2,047,000 | 2,978,000 | -98,199,000 | 3,894,000 | 2,660,000 | -107,234,000 | -2,187,000 | -15,158,000 | 6,485,000 | 14,268,000 | 1,624,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Jan 2021 | Jan 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jul 2016 | Jul 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,197,000 | 6,837,000 | 7,242,000 | 7,484,000 | 6,776,000 | 5,832,000 | 481,000 | 113,000 | 196,000 | 410,000 | 1,732,000 | 810,000 | 8,623,000 | 9,417,000 | 9,414,000 |
| Intangible Assets | 1,199,000 | 1,401,000 | 4,010,000 | 2,829,000 | 2,226,000 | ||||||||||
| Investments & Other | 7,312,000 | 14,538,000 | 46,264,000 | 64,730,000 | 133,513,000 | 135,150,000 | 7,169,000 | 2,121,000 | 7,745,000 | 120,180,000 | 123,183,000 | 112,890,000 | 112,467,000 | 9,899,000 | |
| Debtors (Due After 1 year) | 28,910,000 | ||||||||||||||
| Total Fixed Assets | 35,107,000 | 14,149,000 | 21,780,000 | 53,748,000 | 71,506,000 | 139,345,000 | 135,631,000 | 7,282,000 | 2,317,000 | 8,155,000 | 123,111,000 | 125,394,000 | 125,523,000 | 124,713,000 | 21,539,000 |
| Stock & work in progress | 2,737,000 | 3,198,000 | 2,108,000 | 940,000 | 3,729,000 | 3,370,000 | 2,274,000 | 12,529,000 | 17,416,000 | 11,187,000 | |||||
| Trade Debtors | 9,709,000 | 166,729,000 | 4,457,000 | 4,266,000 | 4,657,000 | 5,155,000 | 4,824,000 | 687,000 | 2,043,000 | 759,000 | 1,181,000 | 4,199,000 | 13,557,000 | 16,470,000 | 13,514,000 |
| Group Debtors | 136,132,000 | 133,695,000 | 132,408,000 | 131,478,000 | 124,687,000 | 116,751,000 | 2,607,000 | 1,102,000 | 880,000 | 5,356,000 | 6,711,000 | 4,076,000 | 6,547,000 | ||
| Misc Debtors | 2,507,000 | 3,248,000 | 427,000 | 993,000 | 3,580,000 | 3,287,000 | 2,853,000 | 1,491,000 | 2,770,000 | 797,000 | 1,654,000 | 10,571,000 | 5,921,000 | ||
| Cash | 15,015,000 | 27,815,000 | 7,941,000 | 4,383,000 | 3,761,000 | 10,320,000 | 6,841,000 | 2,153,000 | 3,580,000 | 1,899,000 | 1,948,000 | 3,019,000 | 17,890,000 | 24,453,000 | 12,185,000 |
| misc current assets | |||||||||||||||
| total current assets | 27,461,000 | 197,742,000 | 153,145,000 | 146,532,000 | 144,982,000 | 151,316,000 | 142,206,000 | 122,878,000 | 11,083,000 | 5,251,000 | 6,779,000 | 13,371,000 | 52,341,000 | 72,986,000 | 49,354,000 |
| total assets | 62,568,000 | 211,891,000 | 174,925,000 | 200,280,000 | 216,488,000 | 290,661,000 | 277,837,000 | 130,160,000 | 13,400,000 | 13,406,000 | 129,890,000 | 138,765,000 | 177,864,000 | 197,699,000 | 70,893,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 10,007,000 | 166,565,000 | 596,000 | 730,000 | 1,053,000 | 3,414,000 | 1,154,000 | 627,000 | 477,000 | 474,000 | 728,000 | 1,542,000 | 1,221,000 | 524,000 | 2,947,000 |
| Group/Directors Accounts | 117,313,000 | 115,827,000 | 150,372,000 | 220,122,000 | 216,886,000 | 97,016,000 | 262,000 | 519,000 | 413,000 | 2,041,000 | 17,474,000 | 42,807,000 | 42,533,000 | ||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 9,826,000 | 10,147,000 | 11,116,000 | 12,930,000 | 8,134,000 | 664,000 | 2,319,000 | 2,075,000 | 2,607,000 | 5,781,000 | 12,322,000 | 14,660,000 | 8,639,000 | ||
| total current liabilities | 10,007,000 | 166,565,000 | 127,735,000 | 126,704,000 | 162,541,000 | 236,466,000 | 226,174,000 | 98,307,000 | 3,058,000 | 3,068,000 | 3,748,000 | 9,364,000 | 31,017,000 | 57,991,000 | 54,119,000 |
| loans | |||||||||||||||
| hp & lease commitments | 3,079,000 | 3,214,000 | 2,020,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 11,473,000 | ||||||||||||||
| provisions | 1,292,000 | 2,761,000 | 4,578,000 | 2,837,000 | 1,523,000 | 2,161,000 | 6,273,000 | 6,559,000 | 7,143,000 | 9,295,000 | 14,431,000 | 16,735,000 | 1,532,000 | 1,715,000 | 2,628,000 |
| total long term liabilities | 13,443,000 | 2,761,000 | 4,578,000 | 2,837,000 | 1,523,000 | 2,161,000 | 6,273,000 | 6,559,000 | 7,143,000 | 9,295,000 | 14,431,000 | 16,735,000 | 4,611,000 | 4,929,000 | 5,742,000 |
| total liabilities | 23,450,000 | 169,326,000 | 132,313,000 | 129,541,000 | 164,064,000 | 238,627,000 | 232,447,000 | 104,866,000 | 10,201,000 | 12,363,000 | 18,179,000 | 26,099,000 | 35,628,000 | 62,920,000 | 59,861,000 |
| net assets | 39,118,000 | 42,565,000 | 42,612,000 | 70,739,000 | 52,424,000 | 52,034,000 | 45,390,000 | 25,294,000 | 3,199,000 | 1,043,000 | 111,711,000 | 112,666,000 | 142,236,000 | 134,779,000 | 11,032,000 |
| total shareholders funds | 39,118,000 | 42,565,000 | 42,612,000 | 70,739,000 | 52,424,000 | 52,034,000 | 45,390,000 | 25,294,000 | 3,199,000 | 1,043,000 | 111,711,000 | 112,666,000 | 142,236,000 | 134,779,000 | 11,032,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Jan 2021 | Jan 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jul 2016 | Jul 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 5,870,000 | 5,439,000 | 5,075,000 | 4,025,000 | 1,822,000 | 2,738,000 | -98,251,000 | 3,784,000 | 2,516,000 | -108,327,000 | -3,286,000 | -21,778,000 | 4,639,000 | 12,522,000 | 204,000 |
| Depreciation | 888,000 | 623,000 | 759,000 | 225,000 | 240,000 | 52,000 | 110,000 | 144,000 | 1,093,000 | 897,000 | 6,433,000 | 1,327,000 | 1,214,000 | 984,000 | |
| Amortisation | 202,000 | 187,000 | 519,000 | 532,000 | 436,000 | ||||||||||
| Tax | 1,145,000 | -1,342,000 | -122,000 | 4,000 | -1,172,000 | -361,000 | 905,000 | -77,000 | 301,000 | -52,000 | -7,000 | -841,000 | -659,000 | -4,204,000 | -576,000 |
| Stock | -461,000 | 1,090,000 | -1,621,000 | -2,789,000 | 359,000 | 1,096,000 | 2,274,000 | -12,529,000 | -4,887,000 | 6,229,000 | 11,187,000 | ||||
| Debtors | -128,110,000 | 23,633,000 | 5,604,000 | 3,717,000 | -134,000 | 4,535,000 | 12,366,000 | 113,222,000 | 4,151,000 | -1,479,000 | -5,521,000 | -11,570,000 | -9,195,000 | 5,135,000 | 25,982,000 |
| Creditors | -156,558,000 | 165,969,000 | -457,000 | -323,000 | -2,361,000 | 2,260,000 | 527,000 | 150,000 | 3,000 | -254,000 | -814,000 | 321,000 | 697,000 | -2,423,000 | 2,947,000 |
| Accruals and Deferred Income | -9,826,000 | -1,290,000 | -969,000 | -1,814,000 | 4,796,000 | 7,470,000 | -1,655,000 | 244,000 | -532,000 | -3,174,000 | -6,541,000 | -2,338,000 | 6,021,000 | 8,639,000 | |
| Deferred Taxes & Provisions | -1,469,000 | -1,817,000 | 3,055,000 | 1,314,000 | -638,000 | -4,112,000 | -286,000 | -584,000 | -2,152,000 | -5,136,000 | -2,304,000 | 15,203,000 | -183,000 | -913,000 | 2,628,000 |
| Cash flow from operations | 134,588,000 | 2,901,000 | 3,882,000 | -4,163,000 | -70,000 | -104,223,000 | -111,494,000 | -3,095,000 | -111,729,000 | -2,965,000 | 17,083,000 | 18,084,000 | 1,385,000 | -21,907,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -7,312,000 | -7,226,000 | -50,192,000 | -18,466,000 | -68,783,000 | -1,637,000 | 127,981,000 | 5,048,000 | -5,624,000 | -112,435,000 | -3,003,000 | 10,293,000 | 423,000 | 102,568,000 | 9,899,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -117,313,000 | -33,059,000 | -34,545,000 | -69,750,000 | 3,236,000 | 119,870,000 | 96,754,000 | -257,000 | 106,000 | -1,628,000 | -15,433,000 | -25,333,000 | 274,000 | 42,533,000 | |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -3,079,000 | -135,000 | 1,194,000 | 2,020,000 | |||||||||||
| other long term liabilities | 11,473,000 | ||||||||||||||
| share issue | |||||||||||||||
| interest | 1,006,000 | 438,000 | 333,000 | 316,000 | -851,000 | -2,593,000 | 527,000 | -1,671,000 | 107,000 | 217,000 | -4,000 | 339,000 | 51,000 | -382,000 | -659,000 |
| cash flow from financing | 6,759,000 | -121,794,000 | -9,400,000 | -32,775,000 | -72,580,000 | 1,935,000 | 237,184,000 | 99,456,000 | -918,000 | -921,000 | 596,000 | -20,677,000 | -22,008,000 | 116,889,000 | 52,845,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -12,800,000 | 19,874,000 | 4,180,000 | 622,000 | -6,559,000 | 3,479,000 | 4,688,000 | -1,427,000 | 1,681,000 | -49,000 | -1,071,000 | -14,871,000 | -6,563,000 | 12,268,000 | 12,185,000 |
| overdraft | |||||||||||||||
| change in cash | -12,800,000 | 19,874,000 | 4,180,000 | 622,000 | -6,559,000 | 3,479,000 | 4,688,000 | -1,427,000 | 1,681,000 | -49,000 | -1,071,000 | -14,871,000 | -6,563,000 | 12,268,000 | 12,185,000 |
l3harris communications systems uk limited Credit Report and Business Information
L3harris Communications Systems Uk Limited Competitor Analysis
Perform a competitor analysis for l3harris communications systems uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in GU14 area or any other competitors across 12 key performance metrics.
l3harris communications systems uk limited Ownership
L3HARRIS COMMUNICATIONS SYSTEMS UK LIMITED group structure
L3Harris Communications Systems Uk Limited has 3 subsidiary companies.
Ultimate parent company
HARRIS CORPORATION
#0122727
HARRIS LUXEMBOURG SARL
#0079470
2 parents
L3HARRIS COMMUNICATIONS SYSTEMS UK LIMITED
00173103
3 subsidiaries
l3harris communications systems uk limited directors
L3Harris Communications Systems Uk Limited currently has 3 directors. The longest serving directors include Mr Ian Blower (Nov 2023) and Miss Rohini Panue (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Blower | United Kingdom | 55 years | Nov 2023 | - | Director |
| Miss Rohini Panue | United Kingdom | 43 years | Nov 2023 | - | Director |
| Mr John Cantillon | United States | 59 years | Apr 2024 | - | Director |
P&L
December 2023turnover
38.7m
+10%
operating profit
5.9m
+8%
gross margin
60.4%
+6.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
39.1m
-0.08%
total assets
62.6m
-0.7%
cash
15m
-0.46%
net assets
Total assets minus all liabilities
Similar Companies
l3harris communications systems uk limited company details
company number
00173103
Type
Private limited with Share Capital
industry
26309 - Manufacture of communication equipment (other than telegraph and telephone apparatus and equipment)
61900 - Other telecommunications activities
62020 - Computer consultancy activities
incorporation date
February 1921
age
104
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
l3harris systems uk limited (January 2022)
harris systems limited (January 2022)
accountant
-
auditor
ERNST & YOUNG LLP
address
unit 1 dingley way, farnborough, hampshire, GU14 6FF
Bank
HSBC BANK PLC, HSBC BANK PLC
Legal Advisor
-
l3harris communications systems uk limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to l3harris communications systems uk limited.
l3harris communications systems uk limited Capital Raised & Share Issues BETA
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l3harris communications systems uk limited Companies House Filings - See Documents
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