BRITISH AMERICAN TOBACCO EXPORTS LIMITED
Operating as a subsidiary of the LSE-listed British American Tobacco group, the company manufactures and exports tobacco and nicotine products under global brands including Dunhill, Lucky Strike and Pall Mall.
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Cash
£490k
EUR 572,000
-94.4% lowest in 3 filed years
Net assets
£670m
EUR 782,730,000
+34.5% highest in 3 filed years
Employees
296
-6.6% lowest in 3 filed years
Profit before tax
£2bn
EUR 2,293,756,000
+36.3% highest in 3 filed years
Watch the reel
Our short-form breakdown of BRITISH AMERICAN TOBACCO EXPORTS LIMITED's latest filing
British American Tobacco Exports just filed their accounts. £3.2 billion in turnover, £1.8 billion in profit, and a massive £1.65 billion dividend pumped straight up to the FTSE 100 parent. 🚬💸 #ukbusiness #corporatefinance #businessnews #dividends
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Consumer Staples 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 | £3,341,404,591 | £3,342,223,364 | £3,250,142,172 | -2.8% | |
| Operating profit | £1,529,849,263 | £1,373,561,151 | £1,801,528,777 | +31.2% | |
| Profit before tax | £1,598,187,736 | £1,441,241,864 | £1,964,504,967 | +36.3% | |
| Net profit | £1,484,293,422 | £1,274,502,398 | £1,842,977,047 | +44.6% | |
| Cash | £18,120,932 | £8,810,380 | £489,894 | -94.4% | |
| Total assets less current liabilities | £1,012,468,311 | £3,332,743,234 | £4,275,273,210 | +28.3% | |
| Net assets | £254,070,743 | £498,518,328 | £670,375,128 | +34.5% | |
| Equity | £254,070,743 | £498,518,328 | £670,375,128 | +34.5% | |
| Average employees | 312 | 317 | 296 | -6.6% | |
| Wages | £56,581,021 | £55,656,903 | £58,060,123 | +4.3% | |
| Directors' remuneration | £710,860 | £585,817 | £614,080 | +4.8% |
Figures converted to GBP from EUR at 0.856 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 | 45.8% | 41.1% | 55.4% | |
| Net margin | 44.4% | 38.1% | 56.7% | |
| Return on capital employed | 151.1% | 41.2% | 42.1% | |
| Gearing (liabilities / total assets) | 94.3% | 89.3% | 86.2% | |
| Current ratio | 2.08x | 3.23x | 3.24x | |
| Interest cover | 10.94x | 8.36x | 14.40x |
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. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- BRITISH AMERICAN TOBACCO EXPORTS LIMITED 2020-06-01 → present
- BRITISH AMERICAN TOBACCO WESTERN EUROPE COMMERCIAL TRADING LIMITED 2015-06-09 → 2020-06-01
- BRITISH AMERICAN TOBACCO (SUPPLY CHAIN WE) LIMITED 2007-04-30 → 2015-06-09
- PRECIS (2459) LIMITED 2004-08-11 → 2007-04-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the financial statement on the going concern basis as they do not intend to liquidate the Company or to cease its operations and they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Group structure
- BRITISH AMERICAN TOBACCO EXPORTS LIMITED · parent
- British American Tobacco Denmark A/S (House of Prince A/S) 100%
- British American Tobacco Italia S.p.A. 100%
- BAT Trieste S.p.A. 100%
- British American Tobacco (Malaysia) Berhad 50%
- Commercial Marketers and Distributors Sdn. Bhd. 100%
- Tobacco Importers and Manufacturers Sdn. Bhd. 100%
- British American Tobacco Holdings (Malaysia) B.V. 64.97%
- British American Tobacco Norway AS 100%
- British American Tobacco Polska Trading sp. zo.o. 100%
- British American Tobacco Sweden AB 100%
- Fiedler & Lundgren AB 100%
- Niconovum AB 100%
- British American Tobacco Switzerland S.A. 100%
- BAT Switzerland Vending SA 100%
- Pathion International Limited 100%
Significant events
- “Subsequent to the year end, the Company has received dividends amounting to €78,064,000 and paid dividends amounting to €870,000,000 (in February and April 2026).”
- “On 7 April 2026, the Company acquired British American Tobacco Investments (Central & Eastern Europe) Limited, another Group company for €675,194,635.”
- “On 26 March 2026, the Company received a CHF denominated 3 year term loan of 700,000,000 CHF, equivalent to €764,198,708, from B.A.T. Operating Finance Limited ("BATOF"). This was used to partially repay the Company's €3,300,000,000 term loan facility with BATOF.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 66 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WORLOCK, Christopher | Secretary | 2026-04-01 | — | — |
| COMIN, Luciano | Director | 2019-11-27 | Mar 1969 | Italian,Argentine |
| MEULEMEESTER, Pascale | Director | 2026-01-01 | Jul 1979 | Belgian |
| MONTEIRO, Frederico Pinto | Director | 2023-04-01 | Jul 1966 | Brazilian |
| OZBAS, Huseyin Ozsan | Director | 2026-02-20 | Oct 1971 | Turkish |
| ROMANYUK, Elena | Director | 2023-04-01 | Mar 1980 | Russian |
Show 66 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Murray Gilliland Charles | Secretary | 2007-06-01 | 2008-12-26 |
| CORDESCHI, Richard | Secretary | 2008-12-16 | 2012-07-19 |
| ELLIS, Sallie | Secretary | 2012-07-20 | 2015-09-11 |
| GADSDEN-CHAIBOUB, Leila Primrose | Secretary | 2024-10-16 | 2026-04-01 |
| HAYNES, Jessica | Secretary | 2019-07-19 | 2020-03-31 |
| KERR, Sophie Louise Edmonds | Secretary | 2015-09-25 | 2018-07-17 |
| MARTIN, Oliver James | Secretary | 2020-03-31 | 2020-12-18 |
| MARTIN, Oliver James | Secretary | 2018-07-17 | 2019-07-19 |
| MCCORMACK, Peter | Secretary | 2020-12-18 | 2021-11-26 |
| WORLOCK, Christopher | Secretary | 2022-04-20 | 2024-10-16 |
| OFFICE ORGANIZATION & SERVICES LIMITED | Corporate Secretary | 2004-08-11 | 2004-09-03 |
| RISECRETARIES LIMITED | Corporate Secretary | 2004-09-03 | 2007-06-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2004-08-11 | 2004-08-11 |
| AHR, Danika | Director | 2019-11-27 | 2021-05-18 |
| ANDERSON, David Ian Mclaren | Director | 2009-11-09 | 2014-07-03 |
| BARRETT, Andrew James | Director | 2019-11-27 | 2021-07-31 |
| BARROS, Luis Andre E Silva De | Director | 2014-07-02 | 2016-05-31 |
| BARROW, Brian Christopher | Director | 2007-06-01 | 2008-11-25 |
| BARRY, Ronan | Director | 2015-05-21 | 2017-12-31 |
| BRAZIER, Stuart Damon | Director | 2015-05-21 | 2019-01-15 |
| BURTON, Steven James | Director | 2008-04-01 | 2012-10-31 |
| CASEY, Robert James | Director | 2007-06-01 | 2009-05-01 |
| CHRISTIAN, David Malcolm | Director | 2007-06-01 | 2008-07-01 |
| COMIN, Luciano | Director | 2015-05-21 | 2017-12-31 |
| CSEJTEI, Tamas | Director | 2018-08-21 | 2019-11-28 |
| DALE, Steven Glyn | Director | 2010-09-29 | 2014-07-03 |
| DE ALWIS, Hikkaduwe Palliye Gurunnanselage Sandeep Nishan Drupath | Director | 2016-09-28 | 2019-04-01 |
| DEANE, Andrew Ross | Director | 2011-08-16 | 2015-01-20 |
| DEES, Jeroen Abraham Johannes | Director | 2015-01-20 | 2019-11-28 |
| DIJANOSIC, Mihovil James | Director | 2020-09-01 | 2025-12-31 |
| ELLIOTT, Simon Michael | Director | 2014-07-02 | 2015-05-21 |
| FRETTON, James Robert | Director | 2014-07-02 | 2015-05-21 |
| GIUCCA, Luigi | Director | 2019-11-27 | 2023-09-18 |
| GOMEZ GAMBOA, Ivan Vicente | Director | 2018-01-01 | 2019-11-28 |
| HERZOG, Felix Burkhard Walther Ludwig | Director | 2009-05-01 | 2011-07-04 |
| JANSE VAN RENSBURG, Jaco | Director | 2010-07-08 | 2011-10-01 |
| JOHNSTON, Paul Thomas | Director | 2007-06-01 | 2008-03-31 |
| JONES, Jonathan David | Director | 2012-09-24 | 2014-07-03 |
| JONES, Jonathan David | Director | 2008-07-01 | 2010-02-26 |
| KIRST, Luciano Mario Sperb | Director | 2023-09-18 | 2026-02-20 |
| KLAMMER, Barbara Carol | Director | 2007-06-01 | 2009-11-09 |
| LUEMKEMANN, Leif | Director | 2017-01-01 | 2018-08-21 |
| MARROCO, Tadeu Luiz | Director | 2016-12-01 | 2019-02-04 |
| MARROCO, Tadeu Luiz | Director | 2008-11-25 | 2010-02-18 |
| MCCONNELL, Terrence Donald | Director | 2010-02-26 | 2011-08-16 |
| MELDRUM, Guy Andrew | Director | 2019-11-27 | 2020-09-01 |
| MEYER, Bernd | Director | 2016-04-07 | 2019-11-28 |
| MONTEIRO, Frederico Pinto | Director | 2019-02-08 | 2019-11-28 |
| NEMETH, Andrea Emberovic-Sarosacne | Director | 2016-04-07 | 2017-01-01 |
| NORMAN, Hugo James | Director | 2014-07-02 | 2015-05-21 |
| O'REILLY, John | Director | 2014-07-02 | 2015-05-21 |
| REED, Jonathan | Director | 2021-10-25 | 2023-04-01 |
| SCHREIBER, Raymond | Director | 2009-10-14 | 2011-12-31 |
| SCONFIANZA, Pablo Daniel | Director | 2021-08-01 | 2023-04-01 |
| SCONFIANZA, Pablo Daniel | Director | 2019-02-08 | 2019-11-28 |
| SETHI, Naresh Kumar | Director | 2015-05-21 | 2016-12-01 |
| SIJTSMA, Christiaan | Director | 2019-11-27 | 2021-07-31 |
| SIJTSMA, Christiaan | Director | 2018-01-01 | 2019-02-01 |
| TIRELLI, Frederic Jean Louis | Director | 2014-07-02 | 2016-09-30 |
| VAN HERREWEGHE, Marc | Director | 2010-07-08 | 2012-07-18 |
| VANDERMEULEN, Johan Maurice | Director | 2019-02-08 | 2023-07-01 |
| VILLAQUIRAN, Francisco Xavier Espinosa | Director | 2012-02-09 | 2014-07-03 |
| WOOD, John Stuart | Director | 2007-06-01 | 2009-10-09 |
| WRIGHT, Gary Kevin | Director | 2019-04-12 | 2019-11-28 |
| PEREGRINE SECRETARIAL SERVICES LIMITED | Corporate Director | 2004-08-11 | 2004-09-03 |
| RIDIRECTORS LIMITED | Corporate Director | 2004-09-03 | 2007-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| British-American Tobacco (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 216 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-10 | CH01 | officers | Change person director company with change date | |
| 2026-04-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-30 | CH01 | officers | Change person director company with change date | |
| 2024-04-23 | CH01 | officers | Change person director company with change date | |
| 2024-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-18 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.