RAYTHEON SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-04 (in 11mo)
Last made up 2026-03-21
Watchouts
None on the register
Cash
£2M
+249.4% vs 2023
Net assets
£456M
+90.7% vs 2023
Employees
1,907
-1.2% vs 2023
Profit before tax
£225M
+130.6% vs 2023
Name history
Renamed 2 times since incorporation
- RAYTHEON SYSTEMS LIMITED 1997-12-31 → present
- RAYTHEON COSSOR ELECTRONICS LIMITED 1997-03-19 → 1997-12-31
- COSSOR ELECTRONICS LIMITED 1946-03-23 → 1997-03-19
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £452,437,000 | £728,963,000 | |
| Operating profit | £32,166,000 | £151,308,000 | |
| Profit before tax | £97,648,000 | £225,210,000 | |
| Net profit | £79,718,000 | £221,628,000 | |
| Cash | £482,000 | £1,684,000 | |
| Total assets less current liabilities | £252,412,000 | £561,449,000 | |
| Net assets | £239,241,000 | £456,140,000 | |
| Equity | £239,241,000 | £456,140,000 | |
| Average employees | 1,931 | 1,907 | |
| Wages | £100,095,000 | £105,236,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 7.1% | 20.8% | |
| Net margin | 17.6% | 30.4% | |
| Return on capital employed | 12.7% | 26.9% | |
| Gearing (liabilities / total assets) | 65.3% | 39.7% | |
| Current ratio | 1.10x | 2.84x | |
| Interest cover | 564.32x | 1120.80x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements `are authorised for issue. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the company's ability to continue as a going concern.”
Group structure
- RAYTHEON SYSTEMS LIMITED · parent
- Raytheon Australia Ltd 100%
- Raytheon Canada Ltd 100%
- Raytheon Global Technology India Private Limited 99.99%
- Raytheon Deutschland Gmbh 100%
- Rays of Light Trading & General Services LLC 100%
- Raytheon Limited 100%
- Raytheon Systems France S.A.R.L.
Significant events
- “The Company during the fourth quarter of 2024, restarted work under contract with an ultimate Middle Eastern customer and began recognising revenue under this contract. The Company recognised £239.8m of revenue associated with the restart of this contract and the increase in profit is primarily related to the releases of inventory reserves and supplier obligations related to termination liabilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 67 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EDWIN COE SECRETARIES LIMITED | Corporate Secretary | 2025-09-11 | — | — |
| FINLAYSON, Julie Anne | Director | 2025-07-14 | May 1981 | British |
| GAUTHIER, Jennifer | Director | 2025-02-04 | May 1978 | American |
| GRAY, Christophe James | Director | 2024-05-31 | Aug 1983 | British |
| NIJHON, Chander | Director | 2023-06-01 | Jan 1971 | American |
| O'DONNELL, Sinead Teresa | Director | 2022-01-01 | Apr 1972 | British |
| ROSSELLI, Bryan Dean | Director | 2019-05-30 | Dec 1973 | American |
Show 67 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CALLAGHAN, Brian Alfred | Secretary | — | 1999-10-29 |
| REILLY, John Alan | Secretary | 1999-10-30 | 2025-07-14 |
| AZEVEDO, Roy | Director | 2019-01-01 | 2023-03-01 |
| BARRY, Roger William | Director | 1996-03-12 | 1998-02-02 |
| BAUMGARTEN, Susan Elizabeth | Director | 2001-12-14 | 2005-03-16 |
| BENDER, Walter Winant | Director | 1998-01-15 | 1998-12-31 |
| BORGONOVI, Barbara Jean | Director | 2020-07-09 | 2025-02-04 |
| BROADBENT, David John | Director | 2019-01-01 | 2023-11-10 |
| CAINE, Franklyn | Director | 1999-09-21 | 2001-12-14 |
| CHAPPELL, Jane Parrott | Director | 2008-06-16 | 2011-10-13 |
| CRONIN, John Joseph | Director | 2003-09-12 | 2006-03-17 |
| CROWLEY, Daniel Joseph | Director | 2011-10-13 | 2013-05-01 |
| CULLEN, Brian Dennis | Director | 1997-12-29 | 1998-11-20 |
| CULLIGAN, Thomas Mcnulty | Director | 2001-09-26 | 2012-10-18 |
| D'ANGELO, Peter R | Director | 1998-01-07 | 1999-09-21 |
| DAHLBERG, Kenneth Craig | Director | 2000-03-01 | 2001-03-26 |
| DANIEL, Richard Nicholas | Director | 2006-12-08 | 2020-07-09 |
| DELORGE, Robert Marcel | Director | 2010-03-05 | 2014-06-18 |
| DONOHUE, Denis Joseph | Director | 2022-09-12 | 2023-06-01 |
| FARNSWORTH, David Edward | Director | 2018-02-22 | 2018-12-12 |
| FARNSWORTH, David Edward | Director | 2003-03-21 | 2014-11-04 |
| FERRARO, Paul Bryan | Director | 2023-11-29 | 2024-10-01 |
| FERRARO, Paul Bryan | Director | 2018-02-22 | 2019-05-30 |
| GUINAN, Michael Robert | Director | 2020-10-06 | 2025-01-31 |
| HALL, Terry Wayne | Director | 2002-09-13 | 2003-04-17 |
| HARRIS, Daren Robert | Director | 2008-06-19 | 2011-08-26 |
| HARRIS II, John Delanier | Director | 2014-06-18 | 2020-04-03 |
| HARRISON, Patrick Kevin | Director | 1993-09-13 | 2003-11-30 |
| HAYMAN-JOYCE, Robert, Sir | Director | 2000-09-20 | 2012-06-30 |
| JONES JR, William Purcell | Director | 2005-09-16 | 2008-05-28 |
| LAWRENCE, Taylor Walton, Dr | Director | 2012-01-31 | 2019-05-30 |
| LENNARD, Sarah Jill | Director | 2018-11-07 | 2021-12-31 |
| LEWIS, Jeffrey | Director | 2020-03-10 | 2024-05-30 |
| LIGON, Thomas Cecil | Director | 1993-08-19 | 1996-11-22 |
| MACDONALD, Kenneth Carmichael, Sir | Director | — | 2000-09-20 |
| MADIN, Shirley | Director | 2004-03-26 | 2006-06-16 |
| MARCHILENA, Francis | Director | 1998-12-15 | 2002-07-31 |
| MARCHILENA, Francis | Director | 1997-12-29 | 1998-01-15 |
| MASON, Dean Richard | Director | 2004-03-26 | 2006-07-28 |
| MCCORMICK, Alan Hugh Irvine, Dr | Director | 2004-09-17 | 2006-12-08 |
| MCINTYRE, Robert Eugene | Director | 2002-02-28 | 2003-09-12 |
| MCKEE, Peter Robert | Director | 1997-12-29 | 2002-02-28 |
| MCKEON, Brian Michael | Director | 2006-06-01 | 2010-03-05 |
| MOTTA, Louis Patrick | Director | 1993-04-23 | 1995-02-28 |
| PANIGUIAN, Richard Leon, Sir | Director | 2015-08-05 | 2017-06-25 |
| PRESS, Robert Norman | Director | — | 1993-04-23 |
| QUINN, James Michael | Director | 2012-01-31 | 2016-08-03 |
| RAY, Norman Wilson | Director | 2000-03-01 | 2002-02-28 |
| REIDPATH, Archibald William | Director | 2002-02-28 | 2003-06-19 |
| REILLY, John Alan | Director | 2006-09-14 | 2025-07-14 |
| REIS, Dale | Director | 1998-01-28 | 1999-12-23 |
| RHOADS, Rebecca Lee | Director | 2014-12-15 | 2018-01-30 |
| RIDDLE, Matthew Guy | Director | 2012-10-18 | 2014-05-14 |
| RIPPER, Richard Anthony | Director | — | 1993-08-19 |
| ROBBIE, Peter John | Director | 2002-06-14 | 2004-02-12 |
| ROBINSON, Keith Gilbert Thomas | Director | 2005-12-09 | 2011-07-21 |
| SHEINWALD, Nigel Elton, Sir | Director | 2017-01-03 | 2020-11-12 |
| SMITH, Richard Kevin | Director | 2018-02-22 | 2020-02-25 |
| STEVISON, James Mitchell, Dr | Director | 2019-05-30 | 2020-07-09 |
| STOPPS, Ian Robert | Director | 2012-07-03 | 2016-06-30 |
| STRATHCLYDE, Thomas Galloway Dunlop Du Roy De Blicquy, Lord | Director | 2018-06-04 | 2022-12-31 |
| TRAIL, James William | Director | 2003-09-04 | 2013-05-01 |
| TRIPP, John Casey | Director | 2004-09-17 | 2007-09-28 |
| WICKHAM, Pamela Ann | Director | 2019-01-01 | 2020-04-03 |
| WOOD, Martin Roland George | Director | 1998-01-20 | 2003-12-31 |
| WRIGHT, David John | Director | 2003-10-01 | 2005-09-16 |
| YUSE, Richard Raymond | Director | 2014-06-18 | 2018-11-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Raytheon United Kingdom Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 322 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-30 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-12 | AA | accounts | Accounts with accounts type full | |
| 2023-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+61.1%
£452,437,000 £728,963,000
-
Cash
+249.4%
£482,000 £1,684,000
-
Net assets
+90.7%
£239,241,000 £456,140,000
-
Employees
-1.2%
1,931 1,907
-
Operating profit
+370.4%
£32,166,000 £151,308,000
-
Profit before tax
+130.6%
£97,648,000 £225,210,000
-
Wages
+5.1%
£100,095,000 £105,236,000
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