bae systems (defence systems) limited
bae systems (defence systems) limited Company Information
Company Number
00236538
Next Accounts
Sep 2025
Shareholders
bae systems (holdings) ltd
Group Structure
View All
Industry
Defence activities
Registered Address
victory point, lyon way, frimley, camberley, surrey, GU16 7EX
bae systems (defence systems) limited Estimated Valuation
Pomanda estimates the enterprise value of BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED at £14.1m based on a Turnover of £12.9m and 1.09x industry multiple (adjusted for size and gross margin).
bae systems (defence systems) limited Estimated Valuation
Pomanda estimates the enterprise value of BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED at £24.2m based on an EBITDA of £3.5m and a 6.85x industry multiple (adjusted for size and gross margin).
bae systems (defence systems) limited Estimated Valuation
Pomanda estimates the enterprise value of BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED at £400.9m based on Net Assets of £137.1m and 2.93x industry multiple (adjusted for liquidity).
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Bae Systems (defence Systems) Limited Overview
Bae Systems (defence Systems) Limited is a live company located in camberley, GU16 7EX with a Companies House number of 00236538. It operates in the defence activities sector, SIC Code 84220. Founded in January 1929, it's largest shareholder is bae systems (holdings) ltd with a 100% stake. Bae Systems (defence Systems) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.9m with declining growth in recent years.
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Bae Systems (defence Systems) Limited Health Check
Pomanda's financial health check has awarded Bae Systems (Defence Systems) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
2 Weak
Size
annual sales of £12.9m, make it larger than the average company (£9.5m)
£12.9m - Bae Systems (defence Systems) Limited
£9.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (2.6%)
-11% - Bae Systems (defence Systems) Limited
2.6% - Industry AVG
Production
with a gross margin of 22.1%, this company has a comparable cost of product (22.1%)
22.1% - Bae Systems (defence Systems) Limited
22.1% - Industry AVG
Profitability
an operating margin of 15.4% make it more profitable than the average company (8.8%)
15.4% - Bae Systems (defence Systems) Limited
8.8% - Industry AVG
Employees
with 51 employees, this is above the industry average (31)
- Bae Systems (defence Systems) Limited
31 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Bae Systems (defence Systems) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £252.2k, this is equally as efficient (£254.1k)
- Bae Systems (defence Systems) Limited
£254.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Bae Systems (defence Systems) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (31 days)
6 days - Bae Systems (defence Systems) Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bae Systems (defence Systems) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bae Systems (defence Systems) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.7%, this is a lower level of debt than the average (69.2%)
20.7% - Bae Systems (defence Systems) Limited
69.2% - Industry AVG
BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED financials
Bae Systems (Defence Systems) Limited's latest turnover from December 2023 is £12.9 million and the company has net assets of £137.1 million. According to their latest financial statements, we estimate that Bae Systems (Defence Systems) Limited has 51 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,861,000 | 10,739,000 | 12,452,000 | 17,992,000 | 12,406,000 | 13,420,000 | 22,759,000 | 26,887,000 | 16,357,000 | 10,646,000 | 36,527,000 | 88,346,000 | 33,156,000 | 33,955,000 | 39,398,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 1,982,000 | 8,085,000 | 1,595,000 | 5,162,000 | 6,370,000 | 9,704,000 | 2,943,000 | 5,599,000 | 882,000 | 2,828,000 | 5,964,000 | -4,692,000 | -10,912,000 | -29,852,000 | 9,046,000 |
| Interest Payable | 408,000 | 313,000 | 343,000 | 373,000 | 401,000 | ||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 30,235,000 | 13,290,000 | 10,049,000 | 7,377,000 | 5,969,000 | 9,416,000 | 2,715,000 | 5,382,000 | -8,639,000 | 17,000 | 13,752,000 | -3,025,000 | -2,142,000 | -29,852,000 | 9,046,000 |
| Tax | -377,000 | 65,000 | 44,000 | -28,000 | -213,000 | 203,000 | -181,000 | 29,000 | -66,000 | 262,000 | -64,000 | -76,000 | -164,000 | -183,000 | -125,000 |
| Profit After Tax | 29,858,000 | 13,355,000 | 10,093,000 | 7,349,000 | 5,756,000 | 9,619,000 | 2,534,000 | 5,411,000 | -8,705,000 | 279,000 | 13,688,000 | -3,101,000 | -2,306,000 | -30,035,000 | 8,921,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 29,858,000 | 13,355,000 | 10,093,000 | 7,349,000 | 5,756,000 | 9,619,000 | 2,534,000 | 5,411,000 | -8,705,000 | 279,000 | 13,688,000 | -3,101,000 | -2,306,000 | -30,035,000 | 8,921,000 |
| Employee Costs | 3,034,000 | 3,521,000 | 3,624,000 | 3,396,000 | 5,835,000 | 6,594,000 | 6,711,000 | ||||||||
| Number Of Employees | 39 | 53 | 56 | 64 | 87 | 121 | 133 | ||||||||
| EBITDA* | 3,525,000 | 9,642,000 | 1,727,000 | 5,217,000 | 7,645,000 | 9,727,000 | 2,972,000 | 5,629,000 | 914,000 | 2,842,000 | 5,980,000 | -4,671,000 | -10,894,000 | -29,833,000 | 9,082,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,867,000 | 1,848,000 | 136,903,000 | 128,328,000 | 213,945,000 | 19,223,000 | 13,596,000 | 20,693,000 | 17,733,000 | 27,215,000 | 113,000 | 129,000 | 97,000 | 24,000 | 43,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 74,786,000 | 48,331,000 | 44,266,000 | 37,411,000 | 35,440,000 | 18,656,000 | 13,209,000 | 20,096,000 | 17,135,000 | 26,519,000 | 26,519,000 | 26,519,000 | 26,519,000 | 33,440,000 | 33,440,000 |
| Debtors (Due After 1 year) | 91,163,000 | 90,361,000 | 90,303,000 | 88,992,000 | 89,021,000 | ||||||||||
| Total Fixed Assets | 167,816,000 | 140,540,000 | 136,611,000 | 128,080,000 | 124,924,000 | 19,223,000 | 13,596,000 | 20,693,000 | 17,733,000 | 27,215,000 | 26,632,000 | 26,648,000 | 26,616,000 | 33,464,000 | 33,483,000 |
| Stock & work in progress | 26,381,000 | 38,120,000 | 83,120,000 | 89,491,000 | 48,564,000 | ||||||||||
| Trade Debtors | 1,507,000 | 4,089,000 | 6,021,000 | 9,910,000 | 22,948,000 | 18,093,000 | 25,903,000 | 106,436,000 | 127,000 | 281,000 | |||||
| Group Debtors | 4,905,000 | 7,204,000 | 910,000 | 2,433,000 | 2,707,000 | 91,748,000 | 91,196,000 | 80,154,000 | 78,874,000 | 71,132,000 | 69,454,000 | 55,616,000 | 53,519,000 | ||
| Misc Debtors | 192,000 | 155,000 | 362,000 | 88,000 | 254,000 | 602,000 | 154,000 | 80,634,000 | 14,000 | 257,000 | 307,000 | 382,000 | 611,000 | 1,526,000 | |
| Cash | |||||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 5,097,000 | 7,359,000 | 2,779,000 | 6,610,000 | 8,982,000 | 102,260,000 | 114,298,000 | 98,247,000 | 106,537,000 | 106,450,000 | 105,512,000 | 109,559,000 | 152,956,000 | 145,845,000 | 103,890,000 |
| total assets | 172,913,000 | 147,899,000 | 139,390,000 | 134,690,000 | 133,906,000 | 121,483,000 | 127,894,000 | 118,940,000 | 124,270,000 | 133,665,000 | 132,144,000 | 136,207,000 | 179,572,000 | 179,309,000 | 137,373,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 174,000 | 38,000 | 23,000 | 393,000 | 412,000 | 412,000 | 151,000 | 182,000 | 599,000 | 797,000 | 382,000 | 8,220,000 | 10,695,000 | 9,689,000 | 10,079,000 |
| Group/Directors Accounts | 20,741,000 | 23,423,000 | 68,024,000 | 77,648,000 | 112,021,000 | 84,638,000 | 41,269,000 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 1,572,000 | 1,338,000 | 1,688,000 | 1,274,000 | 1,243,000 | ||||||||||
| other current liabilities | 2,784,000 | 3,229,000 | 30,227,000 | 36,098,000 | 41,520,000 | 45,575,000 | 64,056,000 | 60,303,000 | 67,895,000 | 70,017,000 | 704,000 | 3,493,000 | 6,096,000 | 2,760,000 | 2,679,000 |
| total current liabilities | 25,271,000 | 28,028,000 | 31,938,000 | 37,765,000 | 43,175,000 | 45,987,000 | 64,207,000 | 60,485,000 | 68,494,000 | 70,814,000 | 69,110,000 | 89,361,000 | 128,812,000 | 97,087,000 | 54,027,000 |
| loans | 26,716,000 | 25,980,000 | 28,528,000 | ||||||||||||
| hp & lease commitments | 10,262,000 | 12,396,000 | 13,358,000 | 12,990,000 | 14,264,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 306,000 | 259,000 | 466,000 | 334,000 | 96,000 | 9,666,000 | 5,286,000 | 4,004,000 | 10,336,000 | 7,076,000 | 4,000,000 | 1,500,000 | 2,313,000 | 31,469,000 | 2,558,000 |
| total long term liabilities | 10,568,000 | 12,655,000 | 13,591,000 | 13,157,000 | 14,312,000 | 4,833,000 | 2,643,000 | 2,002,000 | 5,168,000 | 3,538,000 | 4,000,000 | 1,500,000 | 2,313,000 | 31,469,000 | 2,558,000 |
| total liabilities | 35,839,000 | 40,683,000 | 45,529,000 | 50,922,000 | 57,487,000 | 50,820,000 | 66,850,000 | 62,487,000 | 73,662,000 | 74,352,000 | 73,110,000 | 90,861,000 | 131,125,000 | 128,556,000 | 56,585,000 |
| net assets | 137,074,000 | 107,216,000 | 93,861,000 | 83,768,000 | 76,419,000 | 70,663,000 | 61,044,000 | 56,453,000 | 50,608,000 | 59,313,000 | 59,034,000 | 45,346,000 | 48,447,000 | 50,753,000 | 80,788,000 |
| total shareholders funds | 137,074,000 | 107,216,000 | 93,861,000 | 83,768,000 | 76,419,000 | 70,663,000 | 61,044,000 | 56,453,000 | 50,608,000 | 59,313,000 | 59,034,000 | 45,346,000 | 48,447,000 | 50,753,000 | 80,788,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,982,000 | 8,085,000 | 1,595,000 | 5,162,000 | 6,370,000 | 9,704,000 | 2,943,000 | 5,599,000 | 882,000 | 2,828,000 | 5,964,000 | -4,692,000 | -10,912,000 | -29,852,000 | 9,046,000 |
| Depreciation | 224,000 | 212,000 | 132,000 | 55,000 | 1,275,000 | 23,000 | 29,000 | 30,000 | 32,000 | 14,000 | 16,000 | 21,000 | 18,000 | 19,000 | 36,000 |
| Amortisation | 1,319,000 | 1,345,000 | |||||||||||||
| Tax | -377,000 | 65,000 | 44,000 | -28,000 | -213,000 | 203,000 | -181,000 | 29,000 | -66,000 | 262,000 | -64,000 | -76,000 | -164,000 | -183,000 | -125,000 |
| Stock | -26,381,000 | -11,739,000 | -45,000,000 | -6,371,000 | 40,927,000 | 48,564,000 | |||||||||
| Debtors | -1,460,000 | 4,638,000 | -2,520,000 | -2,401,000 | -4,257,000 | -12,038,000 | 16,051,000 | -8,290,000 | 87,000 | 27,319,000 | 7,692,000 | 1,603,000 | 13,482,000 | 1,028,000 | 55,326,000 |
| Creditors | 136,000 | 15,000 | -370,000 | -19,000 | 261,000 | -31,000 | -417,000 | -198,000 | 415,000 | -7,838,000 | -2,475,000 | 1,006,000 | -390,000 | 10,079,000 | |
| Accruals and Deferred Income | -445,000 | -26,998,000 | -5,871,000 | -5,422,000 | -4,055,000 | -18,481,000 | 3,753,000 | -7,592,000 | -2,122,000 | 69,313,000 | -2,789,000 | -2,603,000 | 3,336,000 | 81,000 | 2,679,000 |
| Deferred Taxes & Provisions | 47,000 | -207,000 | 132,000 | 238,000 | -9,570,000 | 4,380,000 | 1,282,000 | -6,332,000 | 3,260,000 | 3,076,000 | 2,500,000 | -813,000 | -29,156,000 | 28,911,000 | 2,558,000 |
| Cash flow from operations | 4,346,000 | -22,121,000 | -1,818,000 | 2,387,000 | -1,936,000 | 8,128,000 | -8,256,000 | -393,000 | 1,701,000 | 74,970,000 | 1,836,000 | 32,759,000 | -42,983,000 | -43,369,000 | -79,617,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 26,455,000 | 4,065,000 | 6,855,000 | 1,971,000 | 16,784,000 | 5,447,000 | -6,887,000 | 2,961,000 | -9,384,000 | -6,921,000 | 33,440,000 | ||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -2,682,000 | 23,423,000 | -68,024,000 | -9,624,000 | -34,373,000 | 27,383,000 | 43,369,000 | 41,269,000 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -26,716,000 | 736,000 | -2,548,000 | 28,528,000 | |||||||||||
| Hire Purchase and Lease Commitments | -1,900,000 | -1,312,000 | 782,000 | -1,243,000 | 15,507,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -408,000 | -313,000 | -343,000 | -373,000 | -401,000 | ||||||||||
| cash flow from financing | -4,990,000 | -4,918,000 | 1,175,000 | -4,164,000 | 43,634,000 | 2,057,000 | 434,000 | -68,024,000 | -9,624,000 | -34,373,000 | 27,383,000 | 43,369,000 | 113,136,000 | ||
| cash and cash equivalents | |||||||||||||||
| cash | |||||||||||||||
| overdraft | |||||||||||||||
| change in cash |
bae systems (defence systems) limited Credit Report and Business Information
Bae Systems (defence Systems) Limited Competitor Analysis
Perform a competitor analysis for bae systems (defence systems) limited by selecting its closest rivals, whether from the PUBLIC ADMINISTRATION AND DEFENCE; COMPULSORY SOCIAL SECURITY sector, other mid companies, companies in GU16 area or any other competitors across 12 key performance metrics.
bae systems (defence systems) limited Ownership
BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED group structure
Bae Systems (Defence Systems) Limited has no subsidiary companies.
Ultimate parent company
2 parents
BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED
00236538
bae systems (defence systems) limited directors
Bae Systems (Defence Systems) Limited currently has 2 directors. The longest serving directors include Mr Richard Checkley (Mar 2018) and Mr James Fothergill (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Checkley | England | 53 years | Mar 2018 | - | Director |
| Mr James Fothergill | England | 42 years | Sep 2019 | - | Director |
P&L
December 2023turnover
12.9m
+20%
operating profit
2m
-75%
gross margin
22.1%
+4.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
137.1m
+0.28%
total assets
172.9m
+0.17%
cash
0
0%
net assets
Total assets minus all liabilities
bae systems (defence systems) limited company details
company number
00236538
Type
Private limited with Share Capital
industry
84220 - Defence activities
incorporation date
January 1929
age
96
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
british aerospace defence systems limited (February 2000)
siemens plessey electronic systems limited (April 1998)
accountant
-
auditor
DELOITTE LLP
address
victory point, lyon way, frimley, camberley, surrey, GU16 7EX
Bank
-
Legal Advisor
-
bae systems (defence systems) 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 bae systems (defence systems) limited.
bae systems (defence systems) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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bae systems (defence systems) limited Companies House Filings - See Documents
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