L3HARRIS COMMUNICATIONS SYSTEMS UK LIMITED

1. L3HARRIS COMMUNICATIONS SYSTEMS UK LIMITED 2022-01-12 → present
2. L3HARRIS SYSTEMS UK LIMITED 2022-01-07 → 2022-01-12
3. HARRIS SYSTEMS LIMITED 1977-12-31 → 2022-01-07
4. HARRIS-INTERTYPE LIMITED 1921-02-11 → 1977-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In determining if the company is a going concern, the Directors have reviewed the forecast for the period to 3 October 2026 and stress-tested various scenarios over this period for the impact of different levels of revenue disruption. The forecasts indicate that the company will continue as a going concern with the current facilities available to it, even in the case of a significant reduction in activity. Further the L3 Harris group has considerable financial resources together with long-term contracts with several customers and suppliers and therefore in the event of the loss or suspension of one of its main contracts the company would look to seek support from the group. The Company has obtained a support letter from L3Harris Technologies Inc, the ultimate parent company, which provides assurances that support will be provided as required, to allow the Company to meet its liabilities as they fall due until at least 3 October 2026. Management have assessed the ability of the parent to provide support and thus the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “Turnover increased in the period ended 3 January 2025 mainly due to turnover related to new orders booked in and recognised during 2024 (mainly with the UK Ministry of Defence and other smaller EMEA MOD orders) and to an increase in Repair and Spares turnover for LSC (Logistic Support Contract) - Repair Contract.”
• “Operating profit and profit after tax have also increased due to the continuation of the above mentioned contacts, additionally in 2023 there was a one off expense of £1,350,000 in relation to the settlement of an intercompany loan, which decreased the operating profit and profit after tax down in 2023.”
• “The company continued to experience challenging market conditions in Europe, with supply chain delays and material price increases, during the period whilst maintaining high quality products and services to existing customers.”
• “The ongoing conflict in Ukraine and other geopolitical events do not currently present a direct risk to the company's operations.”
• “Macroeconomic pressures: Rising inflation, higher interest rates, and competing demands on public finances could result in future defence budget reallocations or delays in programme funding.”
• “Foreign exchange volatility: As a significant proportion of components are sourced internationally, fluctuations in GBP/USD rates may impact project margins unless fully hedged.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10.2%

  £38,734,000 → £42,697,000

• Cash

  -40.6%

  £15,015,000 → £8,918,000

• Net assets

  -10.1%

  £39,118,000 → £35,155,000

• Employees

  -5.3%

  151 → 143

• Operating profit

  +43.6%

  £5,870,000 → £8,431,000

• Profit before tax

  +37.4%

  £7,463,000 → £10,255,000

• Wages

  +2.2%

  £10,692,000 → £10,931,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers