BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED
The company operates as a subsidiary of the London-listed aerospace and arms multinational BAE Systems plc, providing advanced defence, aerospace, and security systems for military and national security applications.
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Cash
—
Latest balance sheet
Net assets
£150m
-1.2% vs 2024
Employees
—
Average over period
Profit before tax
-£681k
-104% lowest in 3 filed years
Net assets
3-year trend · vs Unclassified median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £12,861,000 | £7,629,000 | £7,346,000 | -3.7% | |
| Operating profit | £1,982,000 | £1,648,000 | £1,478,000 | -10.3% | |
| Profit before tax | £30,235,000 | £17,083,000 | -£681,000 | -104% | |
| Net profit | £29,858,000 | £17,095,000 | -£1,850,000 | -110.8% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £147,642,000 | £161,094,000 | £157,613,000 | -2.2% | |
| Net assets | £137,074,000 | £152,169,000 | £150,319,000 | -1.2% | |
| Equity | £137,074,000 | £152,169,000 | £150,319,000 | -1.2% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £40,000 | £37,000 | — | — | |
| Directors' pension contributions | £8,000 | £2,000 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 15.4% | 21.6% | 20.1% | |
| Net margin | — | — | -25.2% | |
| Return on capital employed | 1.3% | 1.0% | 0.9% | |
| Gearing (liabilities / total assets) | 20.7% | 10.1% | 11.4% | |
| Current ratio | 0.20x | 0.77x | 0.04x | |
| Interest cover | 4.86x | 5.82x | 6.06x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED 2000-02-23 → present
- BRITISH AEROSPACE DEFENCE SYSTEMS LIMITED 1998-04-16 → 2000-02-23
- SIEMENS PLESSEY ELECTRONIC SYSTEMS LIMITED 1989-11-30 → 1998-04-16
- A.T. & E. (BRIDGNORTH) LIMITED 1929-01-19 → 1989-11-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making due enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue operational existence for at least 12 months from the date of approval of the financial statements.”
Group structure
- BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED · parent
- British Aerospace (Malaysia) Sdn Bhd 99.99%
- British Aerospace (Far East) Limited 99.99%
- BAE Systems Electronics Limited 2.3%
- AMSH B.V. 1.15%
- BAE Systems (Projects) Limited 2.3%
- BAE Systems Avionics Singapore Pte Limited 2.3%
- BAE Systems Integrated System Technologies Limited 2.3%
- MBDA B.V. 57%
- MBDA S.A.S. 57%
Significant events
- “The Company has continued with its UK Official-Sensitive Ministry of Defence contract which started in 2021, and finished in April 2026. A follow on contract has been won in 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAE SYSTEMS CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-09-17 | — | — |
| JOHNSON, Matthew | Director | 2025-06-03 | Aug 1985 | British |
| SNAITH, Annabel Catherine Eleanor | Director | 2026-04-24 | Jan 1984 | British |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARKE, Anthony | Secretary | 2024-06-01 | 2025-09-17 |
| COSTELLO, Geoffrey | Secretary | — | 1995-04-27 |
| DOWLER, Simon Peter | Secretary | 1998-07-20 | 1998-10-12 |
| HOWARD, Ian Philip | Secretary | 1995-04-27 | 1997-02-28 |
| JONES, Catherine Amanda | Secretary | 1999-04-14 | 2005-01-05 |
| PARKES, David Stanley | Secretary | 2001-08-28 | 2024-05-31 |
| PARKES, David Stanley | Secretary | 1998-10-12 | 1999-04-14 |
| PARKES, David Stanley | Secretary | 1998-04-15 | 1998-07-20 |
| WENZERUL, Edward David | Secretary | 1997-02-28 | 1998-04-15 |
| BARRETT, Paul Michael | Director | 2002-03-04 | 2005-07-04 |
| BILLINGHAM, Nigel Anthony | Director | — | 2000-05-01 |
| BLUNDELL, Phillip Scott | Director | 2002-02-22 | 2004-10-31 |
| BLUNDELL, Phillip Scott | Director | 2000-01-05 | 2001-10-17 |
| BURKE, Paul Christopher | Director | 2015-06-26 | 2017-08-25 |
| CHANDLER, Colin Michael, Sir | Director | — | 1995-09-30 |
| CHECKLEY, Richard | Director | 2018-03-29 | 2026-04-24 |
| CHRISTIE, Michael | Director | 2014-08-26 | 2015-06-26 |
| COHEN, Kim | Director | 1998-07-16 | 1998-09-28 |
| DOLAN, Clive Ian | Director | 1993-10-04 | 2000-01-05 |
| DONOVAN, Michael | Director | 1998-04-15 | 1998-07-06 |
| FISHBURNE, Alun William | Director | 2011-09-01 | 2014-08-26 |
| FISHER, Rory Mcculloch | Director | 2009-06-26 | 2011-09-01 |
| FOTHERGILL, James Edward | Director | 2019-09-30 | 2025-05-28 |
| FRANZREB, Benno | Director | — | 1998-04-15 |
| FROST, David Michael | Director | 2000-07-05 | 2002-02-22 |
| GEOGHEGAN, Christopher Vincent | Director | 2000-12-19 | 2002-02-22 |
| GILLARD, David Anthony | Director | 2000-05-01 | 2000-12-15 |
| GRIFFITHS, David Michael | Director | 2005-07-04 | 2007-06-18 |
| HAINSWORTH, Keith Alan | Director | 2005-07-04 | 2009-06-26 |
| HILD, John Henry, Major General | Director | — | 1995-12-31 |
| PHILLIPS, Glynn Stuart | Director | 2009-06-26 | 2011-09-01 |
| PHILPOTT, Nigel | Director | 2007-06-18 | 2008-06-13 |
| RUSHBROOK, Michelle | Director | 2011-09-01 | 2015-03-31 |
| SHORROCK, John Edward | Director | 2002-02-22 | 2005-07-04 |
| SPIERS, Donald Maurice, Sir | Director | 1996-04-01 | 1998-04-15 |
| STEVENS, Michael Joseph | Director | 2008-07-01 | 2009-06-26 |
| STONOR, Thomas Henry | Director | 1995-10-01 | 1998-04-15 |
| TEED, Cyril Frederick Heywood | Director | — | 1998-04-15 |
| TORTOLANO, Paul | Director | 2011-09-01 | 2015-06-26 |
| VARNEY, Anthony Peter | Director | 2015-06-26 | 2019-09-30 |
| VENTON, Peter Charles | Director | — | 1993-10-04 |
| WIESNER, Helmuth | Director | — | 1998-04-15 |
| THE RT HON VISCOUNT YOUNGER OF LECKIE | Corporate Director | — | 1998-04-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bae Systems (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-18 | Active |
Filing timeline
Last 20 of 232 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type full | |
| 2026-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-09-23 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-11 | CH03 | officers | Change person secretary company with change date | |
| 2023-12-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.