SAAB UK LTD

1. SAAB UK LTD 2022-10-03 → present
2. SAAB TECHNOLOGIES UK LIMITED 2011-09-22 → 2022-10-03
3. SAAB UK HOLDINGS LTD 2006-03-03 → 2011-09-22
4. SAAB MILITARY AIRCRAFT LIMITED 1998-09-14 → 2006-03-03
5. SAAB AIRCRAFT LIMITED 1983-06-17 → 1998-09-14
6. JADEAXIS LIMITED 1983-05-18 → 1983-06-17

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

Fawcetts LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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. 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.”

Group structure

1. SAAB UK LTD · parent
   1. Saab Seaeye Limited 100%
   2. Blue Bear Systems Research Limited 100%

Significant events

• “World events have created unprecedented demand for defence capabilities and Saab UK's expansion is a significant part of Saab AB's global growth. Additional real estate and infrastructure has been acquired to enable the manufacture of surface radars in the UK and Saab Seaeye UK has moved into the new site to create a Saab manufacturing campus. Organisational changes continue to be made to ensure efficiency within the Company with further expansion planned for the coming years.”
• “2024 saw continued growth for Saab UK Ltd. Turnover increased significantly year on year driven by our growth in local operations within our defence business, with the commencement of operations at the Fareham production facility, and the continued growth of the market as a whole.”
• “The civil business continues to be challenging, and Saab UK continues to assess and adapt. We expect to see this growth rate as a whole continue into 2025 and are therefore continuing to invest in order to meet customer requirements and expectations.”
• “The company is continuing to accelerate its performance and is in a strong and stable position, forecasting a healthy financial future in line with growth in European defence spending.”

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

Filings

7

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +44.1%

  £40,803,857 → £58,797,450

  highest in 3 filed years

• Cash

  -61.4%

  £11,423,556 → £4,412,932

  lowest in 3 filed years

• Net assets

  +23%

  £26,099,665 → £32,092,925

  highest in 3 filed years

• Employees

  +39.9%

  163 → 228

  highest in 3 filed years

• Operating profit

  +371.2%

  £649,712 → £3,061,344

  highest in 3 filed years

• Profit before tax

  +280.7%

  £654,770 → £2,492,773

  highest in 3 filed years

• Wages

  +24.8%

  £12,748,649 → £15,908,037

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers