BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED 2000-02-23 → present
2. BRITISH AEROSPACE DEFENCE SYSTEMS LIMITED 1998-04-16 → 2000-02-23
3. SIEMENS PLESSEY ELECTRONIC SYSTEMS LIMITED 1989-11-30 → 1998-04-16
4. A.T. & E. (BRIDGNORTH) LIMITED 1929-01-19 → 1989-11-30

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis, notwithstanding net current liabilities of £1,911k. The Company is dependent for its working capital on funds provided to it by BAE Systems plc, the Company's ultimate parent. BAE Systems plc has indicated that, for at least 12 months from the date of approval of these financial statements, it will continue to make available funds as are needed by the Company to meet its liabilities as they fall due and in particular will not seek repayment of amounts currently made available. The directors consider that this should enable the Company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

Group structure

1. BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED · parent
   1. British Aerospace (Malaysia) Sdn Bhd 100% · Malaysia
   2. British Aerospace (Far East) Limited 100% · Hong Kong
   3. BAE Systems Electronics Limited 2.3% · England

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -40.7%

  £12,861,000 → £7,629,000

• Cash

  —

  Not reported

• Net assets

  +11%

  £137,074,000 → £152,169,000

• Employees

  —

  Not reported

• Operating profit

  -16.9%

  £1,982,000 → £1,648,000

• Profit before tax

  -43.5%

  £30,235,000 → £17,083,000

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