bae systems (operations) limited

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bae systems (operations) limited Company Information

Share BAE SYSTEMS (OPERATIONS) LIMITED

Company Number

01996687

Shareholders

bae systems enterprises ltd

bae systems (overseas holdings) ltd

Group Structure

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Industry

Defence activities

 +1

Registered Address

victory point, lyon way, frimley, camberley, surrey, GU16 7EX

bae systems (operations) limited Estimated Valuation

£12b

Pomanda estimates the enterprise value of BAE SYSTEMS (OPERATIONS) LIMITED at £12b based on a Turnover of £6.8b and 1.77x industry multiple (adjusted for size and gross margin).

bae systems (operations) limited Estimated Valuation

£7.5b

Pomanda estimates the enterprise value of BAE SYSTEMS (OPERATIONS) LIMITED at £7.5b based on an EBITDA of £644m and a 11.62x industry multiple (adjusted for size and gross margin).

bae systems (operations) limited Estimated Valuation

£11.8b

Pomanda estimates the enterprise value of BAE SYSTEMS (OPERATIONS) LIMITED at £11.8b based on Net Assets of £4.1b and 2.9x industry multiple (adjusted for liquidity).

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Bae Systems (operations) Limited Overview

Bae Systems (operations) Limited is a live company located in camberley, GU16 7EX with a Companies House number of 01996687. It operates in the manufacture of air and spacecraft and related machinery sector, SIC Code 30300. Founded in March 1986, it's largest shareholder is bae systems enterprises ltd with a 99% stake. Bae Systems (operations) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £6.8b with low growth in recent years.

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Bae Systems (operations) Limited Health Check

Pomanda's financial health check has awarded Bae Systems (Operations) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £6.8b, make it larger than the average company (£8.3m)

£6.8b - Bae Systems (operations) Limited

£8.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (0.1%)

4% - Bae Systems (operations) Limited

0.1% - Industry AVG

production

Production

with a gross margin of 30.1%, this company has a comparable cost of product (30.1%)

30.1% - Bae Systems (operations) Limited

30.1% - Industry AVG

profitability

Profitability

an operating margin of 7.9% make it less profitable than the average company (12.5%)

7.9% - Bae Systems (operations) Limited

12.5% - Industry AVG

employees

Employees

with 15484 employees, this is above the industry average (67)

15484 - Bae Systems (operations) Limited

67 - Industry AVG

paystructure

Pay Structure

on an average salary of £72.7k, the company has a higher pay structure (£51.8k)

£72.7k - Bae Systems (operations) Limited

£51.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £438.2k, this is more efficient (£228.7k)

£438.2k - Bae Systems (operations) Limited

£228.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is later than average (44 days)

66 days - Bae Systems (operations) Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 200 days, this is slower than average (39 days)

200 days - Bae Systems (operations) Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 17 days, this is less than average (81 days)

17 days - Bae Systems (operations) Limited

81 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (20 weeks)

0 weeks - Bae Systems (operations) Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67.2%, this is a lower level of debt than the average (82.4%)

67.2% - Bae Systems (operations) Limited

82.4% - Industry AVG

BAE SYSTEMS (OPERATIONS) LIMITED financials

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Bae Systems (Operations) Limited's latest turnover from December 2023 is £6.8 billion and the company has net assets of £4.1 billion. According to their latest financial statements, Bae Systems (Operations) Limited has 15,484 employees and maintains cash reserves of £17 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover6,785,000,0006,473,000,0006,253,000,0006,062,000,0005,584,000,0005,012,000,0005,785,000,0006,721,000,0006,386,000,0005,571,000,0005,988,000,0004,932,000,0005,360,000,0006,545,000,0006,031,000,000
Other Income Or Grants
Cost Of Sales4,744,693,6774,523,156,1424,670,793,9024,728,862,8944,239,731,4663,908,498,8884,542,071,7985,384,508,8664,921,671,7594,344,669,5614,783,398,8663,905,497,5654,105,944,1725,256,132,4614,824,800,000
Gross Profit2,040,306,3231,949,843,8581,582,206,0981,333,137,1061,344,268,5341,103,501,1121,242,928,2021,336,491,1341,464,328,2411,226,330,4391,204,601,1341,026,502,4351,254,055,8281,288,867,5391,206,200,000
Admin Expenses1,502,306,3231,352,843,8581,200,206,098865,137,1061,028,268,534669,501,112635,928,202640,491,134813,328,241654,330,439313,601,134670,502,435733,055,828627,867,539578,200,000
Operating Profit538,000,000597,000,000382,000,000468,000,000316,000,000434,000,000607,000,000696,000,000651,000,000572,000,000891,000,000356,000,000521,000,000661,000,000628,000,000
Interest Payable10,000,00033,000,00040,000,00081,000,00064,000,00054,000,00095,000,00097,000,00096,000,00087,000,0006,000,00037,000,00038,000,0005,000,0005,000,000
Interest Receivable173,000,00058,000,00027,000,00017,000,00023,000,00021,000,0008,000,0001,000,0006,000,0001,000,0002,000,00013,000,000
Pre-Tax Profit707,000,000622,000,000369,000,000404,000,000275,000,000405,000,000522,000,000604,000,000565,000,000488,000,000942,000,000330,000,000520,000,000695,000,000605,000,000
Tax-37,000,000-84,000,000-52,000,000-93,000,000-7,000,00015,000,000-89,000,000-32,000,00066,000,00031,000,000-145,000,00027,000,00072,000,000-69,000,000-202,000,000
Profit After Tax670,000,000538,000,000317,000,000311,000,000268,000,000420,000,000433,000,000572,000,000631,000,000519,000,000797,000,000357,000,000592,000,000626,000,000403,000,000
Dividends Paid530,000,000315,000,000154,000,000360,000,000597,000,000489,000,0001,035,000,000382,000,000
Retained Profit140,000,000223,000,000317,000,000311,000,000114,000,000420,000,000433,000,000572,000,000631,000,000519,000,000437,000,000-240,000,000103,000,000-409,000,00021,000,000
Employee Costs1,125,000,0001,131,000,0001,047,000,0001,016,000,0001,029,000,0001,171,000,0001,223,000,0001,121,000,0001,077,000,0001,029,000,0001,105,000,0001,371,000,0001,189,000,0001,333,000,0001,217,000,000
Number Of Employees15,48415,12315,25714,89715,31917,65219,06519,26218,91518,91918,64419,05220,86722,10822,453
EBITDA*644,000,000689,000,000474,000,000559,000,000408,000,000485,000,000653,000,000740,000,000693,000,000572,000,000953,000,000417,000,000583,000,000661,000,000701,000,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets433,000,000420,000,0008,031,000,0008,062,000,0008,085,000,0002,196,000,0002,070,000,000924,000,000818,000,000851,000,000292,000,000294,000,000360,000,000424,000,000414,000,000
Intangible Assets267,000,000246,000,000109,000,000139,000,000150,000,000187,000,000152,000,000131,000,00054,000,00051,000,00036,000,00036,000,00040,000,00043,000,00048,000,000
Investments & Other583,000,000905,000,000148,000,000108,000,000235,000,00036,000,00036,000,00036,000,00031,000,00033,000,0004,000,00016,000,00016,000,00016,000,00033,000,000
Debtors (Due After 1 year)7,977,000,0007,020,000,0006,925,000,0006,814,000,0006,875,000,0001,378,000,0001,248,000,0007,000,0004,000,0005,000,00042,000,00054,000,000114,000,000113,000,00089,000,000
Total Fixed Assets9,260,000,0008,591,000,0007,758,000,0007,652,000,0007,853,000,0002,383,000,0002,222,000,0001,055,000,000872,000,000902,000,000374,000,000400,000,000530,000,000596,000,000584,000,000
Stock & work in progress233,000,000177,000,000195,000,000223,000,000269,000,000285,000,000317,000,00093,000,00082,000,00064,000,000391,000,000417,000,000517,000,000601,000,000642,000,000
Trade Debtors1,241,000,0001,650,000,0001,090,000,0001,696,000,0001,426,000,000607,000,0001,099,000,000926,000,000467,000,000264,000,000469,000,000274,000,000235,000,000162,000,000406,000,000
Group Debtors33,000,00068,000,00071,000,000158,000,000119,000,0005,334,000,0005,145,000,0006,063,000,0005,894,000,0005,216,000,0004,613,000,0007,141,000,0006,537,000,0007,378,000,0007,673,000,000
Misc Debtors1,474,000,0001,069,000,000668,000,000802,000,0001,013,000,0001,138,000,000701,000,000126,000,000519,000,000700,000,000560,000,000209,000,000235,000,000359,000,000141,000,000
Cash17,000,00010,000,0009,000,00011,000,00030,000,00020,000,0008,000,00034,000,00032,000,00040,000,00044,000,00047,000,00055,000,00048,000,00044,000,000
misc current assets102,000,000146,000,000112,000,000101,000,000109,000,00091,000,00034,000,00082,000,00029,000,00052,000,000
total current assets3,100,000,0003,120,000,0002,221,000,0003,024,000,0003,095,000,0008,005,000,0007,304,000,0007,324,000,0007,023,000,0006,336,000,0006,077,000,0008,088,000,0007,579,000,0008,548,000,0008,906,000,000
total assets12,360,000,00011,711,000,0009,979,000,00010,676,000,00010,948,000,00010,388,000,0009,526,000,0008,379,000,0007,895,000,0007,238,000,0006,451,000,0008,488,000,0008,109,000,0009,144,000,0009,490,000,000
Bank overdraft
Bank loan
Trade Creditors 2,603,000,0002,799,000,00098,000,00097,000,000137,000,000149,000,0002,010,000,000167,000,000228,000,000170,000,000180,000,000214,000,000191,000,000181,000,0003,711,000,000
Group/Directors Accounts2,921,000,0002,542,000,000485,000,0002,820,000,0002,224,000,0002,244,000,0001,898,000,000
other short term finances2,105,000,0002,089,000,0002,512,000,000
hp & lease commitments22,000,00019,000,00018,000,00018,000,00017,000,000
other current liabilities1,287,000,0001,415,000,0005,566,000,0006,091,000,0005,928,000,0003,285,000,0002,976,000,0002,639,000,0002,562,000,0002,501,000,0003,544,000,0003,574,000,0003,523,000,0004,514,000,0001,393,000,000
total current liabilities6,833,000,0006,775,000,0005,682,000,0006,206,000,0006,082,000,0005,947,000,0004,986,000,0004,911,000,0004,879,000,0005,183,000,0004,209,000,0006,608,000,0005,938,000,0006,939,000,0007,002,000,000
loans1,072,000,000250,000,000539,000,000517,000,000614,000,00016,000,00034,000,000241,000,000845,000,000213,000,000
hp & lease commitments220,000,000214,000,000224,000,000238,000,000246,000,000
Accruals and Deferred Income14,000,00015,000,00022,000,00031,000,00012,000,00013,000,00020,000,00019,000,00011,000,000
other liabilities90,000,000177,000,000230,000,000297,000,000459,000,000546,000,000822,000,000104,000,00080,000,00094,000,000151,000,000177,000,00099,000,00021,000,00040,000,000
provisions20,000,00015,000,0002,274,000,0004,548,000,0004,718,000,0003,836,000,0004,136,000,0005,888,000,0004,400,000,0004,864,000,00093,000,000144,000,000274,000,000492,000,000349,000,000
total long term liabilities1,467,000,000720,000,0001,704,000,0002,881,000,0003,198,000,0002,493,000,0002,944,000,0003,203,000,0002,739,000,0002,664,000,000244,000,000321,000,000373,000,000513,000,000389,000,000
total liabilities8,300,000,0007,495,000,0007,386,000,0009,087,000,0009,280,000,0008,440,000,0007,930,000,0008,114,000,0007,618,000,0007,847,000,0004,453,000,0006,929,000,0006,311,000,0007,452,000,0007,391,000,000
net assets4,060,000,0004,216,000,0002,593,000,0001,589,000,0001,668,000,0001,948,000,0001,596,000,000265,000,000277,000,000-609,000,0001,998,000,0001,559,000,0001,798,000,0001,692,000,0002,099,000,000
total shareholders funds4,060,000,0004,216,000,0002,593,000,0001,589,000,0001,668,000,0001,926,000,0001,596,000,000265,000,000277,000,000-609,000,0001,998,000,0001,559,000,0001,798,000,0001,692,000,0002,099,000,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit538,000,000597,000,000382,000,000468,000,000316,000,000434,000,000607,000,000696,000,000651,000,000572,000,000891,000,000356,000,000521,000,000661,000,000628,000,000
Depreciation58,000,00051,000,00065,000,00067,000,00066,000,00045,000,00040,000,00040,000,00040,000,00057,000,00055,000,00058,000,00068,000,000
Amortisation48,000,00041,000,00027,000,00024,000,00026,000,0006,000,0006,000,0004,000,0002,000,0005,000,0006,000,0004,000,0005,000,000
Tax-37,000,000-84,000,000-52,000,000-93,000,000-7,000,00015,000,000-89,000,000-32,000,00066,000,00031,000,000-145,000,00027,000,00072,000,000-69,000,000-202,000,000
Stock56,000,000-18,000,000-28,000,000-46,000,000-16,000,000-32,000,000224,000,00011,000,00018,000,000-327,000,000-26,000,000-100,000,000-84,000,000-41,000,000642,000,000
Debtors918,000,0001,053,000,000-716,000,00037,000,000446,000,000794,000,0001,071,000,000238,000,000699,000,000501,000,000-1,994,000,000557,000,000-891,000,000-297,000,0008,309,000,000
Creditors-196,000,0002,701,000,0001,000,000-40,000,000-12,000,000-1,861,000,0001,843,000,000-61,000,00058,000,000-10,000,000-34,000,00023,000,00010,000,000-3,530,000,0003,711,000,000
Accruals and Deferred Income-129,000,000-4,158,000,000-534,000,000182,000,0002,642,000,000302,000,000338,000,00085,000,00072,000,000-1,043,000,000-30,000,00051,000,000-991,000,0003,121,000,0001,393,000,000
Deferred Taxes & Provisions5,000,000-2,259,000,000-2,274,000,000-170,000,000882,000,000-300,000,000-1,752,000,0001,488,000,000-464,000,0004,771,000,000-51,000,000-130,000,000-218,000,000143,000,000349,000,000
Cash flow from operations-687,000,000-4,146,000,000-1,641,000,000447,000,0003,483,000,000-2,121,000,000-302,000,0001,971,000,000-292,000,0004,147,000,0002,713,000,000-69,000,000431,000,000664,000,000-2,999,000,000
Investing Activities
capital expenditure-140,000,0007,382,000,000-31,000,000-57,000,000-5,944,000,000-212,000,000-1,213,000,000-227,000,000-12,000,000-574,000,000-60,000,0009,000,0005,000,000-5,000,000-535,000,000
Change in Investments-322,000,000757,000,00040,000,000-127,000,000199,000,0005,000,000-2,000,00029,000,000-12,000,000-17,000,00033,000,000
cash flow from investments182,000,0006,625,000,000-71,000,00070,000,000-6,143,000,000-212,000,000-1,213,000,000-232,000,000-10,000,000-603,000,000-48,000,0009,000,0005,000,00012,000,000-568,000,000
Financing Activities
Bank loans
Group/Directors Accounts379,000,0002,542,000,000-485,000,000-2,335,000,000596,000,000-20,000,000346,000,0001,898,000,000
Other Short Term Loans -2,105,000,00016,000,000-423,000,0002,512,000,000
Long term loans822,000,000-289,000,00022,000,000-97,000,000598,000,000-18,000,000-207,000,000-604,000,000632,000,000213,000,000
Hire Purchase and Lease Commitments9,000,000-9,000,000-14,000,000-7,000,000263,000,000
other long term liabilities-87,000,000-53,000,000-67,000,000-162,000,000-87,000,000-276,000,000718,000,00024,000,000-14,000,000-57,000,000-26,000,00078,000,00078,000,000-19,000,00040,000,000
share issue-296,000,0001,400,000,000687,000,000-390,000,000-372,000,000-90,000,000898,000,000-584,000,000255,000,000-3,126,000,0002,000,0001,000,0003,000,0002,000,0002,078,000,000
interest163,000,00025,000,000-13,000,000-64,000,000-41,000,000-33,000,000-87,000,000-96,000,000-90,000,000-87,000,000-5,000,000-37,000,000-36,000,000-5,000,0008,000,000
cash flow from financing990,000,0003,616,000,000615,000,000-720,000,000361,000,000-417,000,000-783,000,000-1,244,000,000360,000,000-1,030,000,000-2,364,000,000638,000,00025,000,000324,000,0004,024,000,000
cash and cash equivalents
cash7,000,0001,000,000-2,000,000-19,000,00010,000,00012,000,000-26,000,0002,000,000-8,000,000-4,000,000-3,000,000-8,000,0007,000,0004,000,00044,000,000
overdraft
change in cash7,000,0001,000,000-2,000,000-19,000,00010,000,00012,000,000-26,000,0002,000,000-8,000,000-4,000,000-3,000,000-8,000,0007,000,0004,000,00044,000,000

bae systems (operations) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Bae Systems (operations) Limited Competitor Analysis

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Perform a competitor analysis for bae systems (operations) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in GU16 area or any other competitors across 12 key performance metrics.

bae systems (operations) limited Ownership

BAE SYSTEMS (OPERATIONS) LIMITED group structure

Bae Systems (Operations) Limited has 4 subsidiary companies.

BAE SYSTEMS (OPERATIONS) LIMITED Shareholders

bae systems enterprises ltd 99.01%
bae systems (overseas holdings) ltd 0.99%

bae systems (operations) limited directors

Bae Systems (Operations) Limited currently has 6 directors. The longest serving directors include Mr Michael Wills (Mar 2009) and Ms Andrea Thompson (May 2020).

officercountryagestartendrole
Mr Michael WillsUnited Kingdom70 years Mar 2009- Director
Ms Andrea ThompsonEngland56 years May 2020- Director
Mrs Susan AddisonEngland50 years Jan 2023- Director
Mr Gareth EdwardsEngland49 years Mar 2023- Director
Mr Herman ClaesenEngland54 years Mar 2023- Director
Mr Simon BarnesEngland43 years Mar 2024- Director

P&L

December 2023

turnover

6.8b

+5%

operating profit

538m

-10%

gross margin

30.1%

-0.17%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

4.1b

-0.04%

total assets

12.4b

+0.06%

cash

17m

+0.7%

net assets

Total assets minus all liabilities

bae systems (operations) limited company details

company number

01996687

Type

Private limited with Share Capital

industry

84220 - Defence activities

30300 - Manufacture of air and spacecraft and related machinery

incorporation date

March 1986

age

39

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

british aerospace (operations) limited (February 2000)

royal ordnance speciality metals limited (June 1993)

See more

accountant

-

auditor

DELOITTE LLP

address

victory point, lyon way, frimley, camberley, surrey, GU16 7EX

Bank

-

Legal Advisor

-

bae systems (operations) 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 found 8 charges/mortgages relating to bae systems (operations) limited. Currently there are 0 open charges and 8 have been satisfied in the past.

bae systems (operations) 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.

Click to start generating capital raising & share issue transactions for BAE SYSTEMS (OPERATIONS) LIMITED. This can take several minutes, an email will notify you when this has completed.

bae systems (operations) limited Companies House Filings - See Documents

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