LEONARDO UK LTD

1. LEONARDO UK LTD 2021-03-31 → present
2. LEONARDO MW LTD 2016-09-09 → 2021-03-31
3. SELEX ES LTD 2013-01-02 → 2016-09-09
4. SELEX GALILEO LTD 2010-01-04 → 2013-01-02
5. SELEX SENSORS AND AIRBORNE SYSTEMS LIMITED 2005-05-03 → 2010-01-04
6. BAE SYSTEMS AVIONICS LIMITED 2000-02-23 → 2005-05-03
7. MARCONI AVIONICS (HOLDINGS) LIMITED 1998-11-11 → 2000-02-23
8. GEC-MARCONI AVIONICS (HOLDINGS) LIMITED 1993-05-20 → 1998-11-11
9. GEC FERRANTI DEFENCE SYSTEMS LIMITED 1990-01-26 → 1993-05-20
10. TRUSHELFCO (NO.1560) LIMITED 1989-09-25 → 1990-01-26

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board of directors have assessed the Company's cash flow forecasts for the period through to 31 December 2026 and have a reasonable expectation that the Company has adequate resources to continue in operational existence during this period. Accordingly, the financial statements have been prepared on a going concern basis.”

Group structure

1. LEONARDO UK LTD · parent
   1. Leonardo Electronics US Inc 0% · Arlington, Virginia, USA
   2. Tactical Technologies Inc 0% · Ottawa, Ontario, Canada
   3. Leonardo Saudi Arabia 0% · Riyadh, Saudi Arabia
   4. Leonardo Limited 100% · Yeovil, Somerset, UK
   5. Leonardo MW Ltd 100% · Basildon, Essex, UK
   6. SELEX Elsag Limited 100% · Basildon, Essex, UK
   7. Selex ES (Projects) Ltd 100% · Basildon, Essex, UK
   8. Leonardo Electronics Pension Scheme (Trustee) Ltd 100% · Basildon, Essex, UK
   9. Leonardo Helicopters Pension Scheme (Trustee) Ltd 100% · Yeovil, Somerset, UK
   10. AgustaWestland Limited 100% · Yeovil, Somerset, UK
   11. DRS Technologies UK Limited 100% · Farnham, Surrey, UK
   12. Leonardo FuturePlanner (Trustee) Ltd 100% · Yeovil, Somerset, UK

Significant events

• “Order intake was 16% lower than 2023 due to a combination of large orders booked in 2023 and delays on Typhoon orders.”
• “Turnover was 4% higher than 2023 and operating profit was 24% higher than 2023, before goodwill impairment of £260,000,000.”
• “Cash generated from operations decreased by £16,766,000 from 2023 driven by timing of supplier payments and increases in inventories to meet order demands.”
• “The first flight of the ECRS Mk2 Radar on the Eurofighter Typhoon, marking a key milestone in next-generation electronic warfare and situational awareness.”
• “BriteCloud success in export markets, with a contract awarded from the US Navy.”
• “Electronic Warfare capabilities have been expanded with the launch of BriteStorm.”
• “Successfully demonstrated new infrared (IR) countermeasures capabilities in trials with the UK MOD.”
• “The Company became the sole bidder to deliver the AW149 for the UK's New Medium Helicopter ("NMH") requirement.”
• “Proteus: Next-Generation Uncrewed Rotorcraft unveiled in collaboration with the Royal Navy and the MOD's Defence Equipment and Support.”
• “A final dividend in relation to the 2023 financial statements of £26,054,000 was paid on 1 March 2024. An interim dividend of £200,000,000 was paid in July 2024.”
• “The Company invested an additional £5,173,000 in newly issued shares in Leonardo Electronics US Inc. In February 2024, the full investment was transferred to Leonardo SpA as a dividend of £26,054,000.”
• “In December 2024, the investment in Leonardo Saudi Arabia was sold for £7,479,000 at a profit of £7,402,000.”
• “In August 2024, the investment in Tactical Technologies Inc was sold for £4,760,000 at a profit of £3,366,000.”

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

Filings

3

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

  +3.7%

  £2,256,484,000 → £2,339,911,000

• Cash

  -23.3%

  £20,365,000 → £15,616,000

• Net assets

  -11.6%

  £2,119,462,000 → £1,873,510,000

• Employees

  +8.5%

  7,776 → 8,439

• Operating profit

  -114.3%

  £187,565,000 → -£26,841,000

• Profit before tax

  -96.1%

  £212,064,000 → £8,194,000

• Wages

  +14.5%

  £443,733,000 → £508,009,000

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