BAE SYSTEMS (OPERATIONS) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-19 (in 1mo)
Last made up 2025-06-05
Watchouts
None on the register
Cash
£19M
+11.8% vs 2023
Net assets
£4B
+6.7% vs 2023
Employees
16,609
+7.3% vs 2023
Profit before tax
£813M
+15% vs 2023
Name history
Renamed 4 times since incorporation
- BAE SYSTEMS (OPERATIONS) LIMITED 2000-02-23 → present
- BRITISH AEROSPACE (OPERATIONS) LIMITED 1993-06-30 → 2000-02-23
- ROYAL ORDNANCE SPECIALITY METALS LIMITED 1986-11-27 → 1993-06-30
- RO WIMET LIMITED 1986-06-25 → 1986-11-27
- DIKAPPA (NUMBER 393) LIMITED 1986-03-06 → 1986-06-25
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £6,785,000,000 | £7,103,000,000 | |
| Operating profit | £538,000,000 | £665,000,000 | |
| Profit before tax | £707,000,000 | £813,000,000 | |
| Net profit | £670,000,000 | £726,000,000 | |
| Cash | £17,000,000 | £19,000,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £4,060,000,000 | £4,334,000,000 | |
| Equity | £4,060,000,000 | £4,334,000,000 | |
| Average employees | 15,484 | 16,609 | |
| Wages | £918,000,000 | £1,071,000,000 |
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 | 7.9% | 9.4% | |
| Net margin | 9.9% | 10.2% | |
| Gearing (liabilities / total assets) | 67.2% | 64.1% | |
| Current ratio | 0.45x | 0.38x | |
| Interest cover | 53.80x | 73.89x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making due enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue operational existence for at least 12 months from the date of approval of the financial statements.”
Group structure
- BAE SYSTEMS (OPERATIONS) LIMITED · parent
- BAE Systems (Kazakhstan) Limited 100%
- BAE Systems Deployed Systems Limited 60%
Significant events
- “On 12 January 2024, Air Astana announced its intention to proceed with a joint initial public offering (IPO) on the London Stock Exchange, the Astana International Exchange in Kazakhstan, and the Kazakhstan Stock Exchange. On 9 February 2024, the IPO was launched. As a result of the IPO, the Company's indirect shareholding in Air Astana has reduced from 49% to 16.95%.”
- “The Company also confirmed orders for our workshare on an additional 25 Typhoon aircraft for the Spanish Air Force and for an order for up to 24 Typhoon aircraft for the Italian Air Force. These were valued at a combined initial total of £1.1bn.”
- “On 1st February 2025, the Company acquired the trade and assets of Techmodal Limited, a company within the BAE Systems Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAE SYSTEMS CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-07-10 | — | — |
| ADDISON, Susan Sarah | Director | 2023-01-01 | Oct 1974 | British |
| BARNES, Simon Richard | Director | 2024-03-11 | Jul 1981 | British |
| CLAESEN, Herman Leo Martha | Director | 2023-03-17 | Dec 1970 | British,Belgian |
| EDWARDS, Gareth Jeffrey | Director | 2023-03-01 | Sep 1975 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARKE, Anthony | Secretary | 2024-06-01 | 2025-07-10 |
| PARKES, David Stanley | Secretary | 1997-04-25 | 2024-05-31 |
| STARLING, Christopher | Secretary | — | 1993-06-23 |
| WINDRIDGE, Susan Doreen | Secretary | 1993-06-23 | 1997-04-25 |
| BLACK, Terence Robert William | Director | 1999-02-26 | 2001-05-23 |
| BOARDMAN, Christopher George | Director | 2018-01-12 | 2021-12-31 |
| CARROLL, Stuart Paul | Director | 1997-01-10 | 1999-02-26 |
| EARL, Peter Robert | Director | 2009-03-27 | 2020-05-15 |
| EVANS, Richard Harry | Director | 1995-05-24 | 2004-06-30 |
| FILLINGHAM, Thomas | Director | 2020-05-14 | 2022-12-16 |
| GEOGHEGAN, Christopher Vincent | Director | 2006-01-23 | 2007-12-31 |
| GILLIBRAND, Sydney | Director | 1995-05-24 | 1995-06-30 |
| GRIFFITHS, Guy Rhodri | Director | 2009-03-27 | 2017-12-31 |
| HEWITSON, John Reid | Director | 1993-06-17 | 1995-07-30 |
| HOLDING, Ann-Louise | Director | 2001-05-23 | 2006-01-23 |
| IERLAND, Brian William | Director | 2011-03-31 | 2021-08-09 |
| INMAN, Paul Sybray | Director | 2021-08-09 | 2023-02-28 |
| KING, Ian Graham, Mr. | Director | 2008-09-01 | 2017-06-30 |
| LAPTHORNE, Richard Douglas | Director | 1993-06-17 | 1999-01-26 |
| LEE, Philip John | Director | — | 1993-06-23 |
| LESTER, Michael | Director | 2000-11-06 | 2006-12-19 |
| LYNAS, Peter John, Mr. | Director | 2009-03-27 | 2020-03-31 |
| MOGFORD, Steven Lewis | Director | 2002-04-09 | 2007-05-09 |
| PARKES, David Stanley | Director | 1993-12-23 | 2006-01-23 |
| RICE, William Anthony | Director | 1993-06-17 | 1993-12-23 |
| ROBSON, Clifford Mark | Director | 2022-01-01 | 2023-12-31 |
| ROSE, George Wilfred | Director | 1998-04-23 | 2011-03-31 |
| ROSE, George Wilfred | Director | 1993-06-18 | 1993-12-23 |
| SMITH, Robert David | Director | — | 1993-06-23 |
| TAYLOR, Kevin Brendan, Mr. | Director | 2010-03-30 | 2017-06-20 |
| TAYLOR, Martin | Director | 2020-05-14 | 2022-03-31 |
| THOMPSON, Andrea Jayne | Director | 2020-05-14 | 2023-12-31 |
| TURNER, Michael John | Director | 1995-05-24 | 2008-08-31 |
| WESTON, John Pix | Director | 1995-05-24 | 2002-03-25 |
| WHITEHEAD, Nigel | Director | 2009-03-27 | 2018-01-12 |
| WILLS, Michael John | Director | 2009-03-27 | 2010-03-30 |
| WINDRIDGE, Susan Doreen | Director | 1993-12-23 | 1997-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bae Systems Enterprises Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 250 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-07-18 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-07-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-14 | CH01 | officers | Change person director company with change date | |
| 2023-12-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-11 | CH01 | officers | Change person director company with change date | |
| 2023-12-11 | CH03 | officers | Change person secretary company with change date | |
| 2023-12-11 | CH01 | officers | Change person director company with change date | |
| 2023-12-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
+4.7%
£6,785,000,000 £7,103,000,000
-
Cash
+11.8%
£17,000,000 £19,000,000
-
Net assets
+6.7%
£4,060,000,000 £4,334,000,000
-
Employees
+7.3%
15,484 16,609
-
Operating profit
+23.6%
£538,000,000 £665,000,000
-
Profit before tax
+15%
£707,000,000 £813,000,000
-
Wages
+16.7%
£918,000,000 £1,071,000,000
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