RAYTHEON SYSTEMS LIMITED
Operating as Raytheon UK, the company is a subsidiary of the NYSE-listed RTX Corporation that supplies defence, aerospace, cyber, and space technology to the UK Ministry of Defence and commercial customers.
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Cash
£1.2m
-28.3% vs 2024
Net assets
£304m
-33.3% vs 2024
Employees
1,905
-0.1% vs 2024
Profit before tax
£143m
-36.4% vs 2024
Net assets
3-year trend · vs Unclassified median
RAYTHEON SYSTEMS LIMITED·Unclassified median
RAYTHEON SYSTEMS LIMITED·Unclassified median
RAYTHEON SYSTEMS LIMITED·Unclassified median
RAYTHEON SYSTEMS LIMITED·Unclassified median
RAYTHEON SYSTEMS LIMITED·Unclassified median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £452,437,000 | £728,963,000 | £517,651,000 | -29% | |
| Operating profit | £32,166,000 | £151,308,000 | £52,886,000 | -65% | |
| Profit before tax | £97,648,000 | £225,210,000 | £143,241,000 | -36.4% | |
| Net profit | £79,718,000 | £221,628,000 | £142,590,000 | -35.7% | |
| Cash | £482,000 | £1,684,000 | £1,207,000 | -28.3% | |
| Total assets less current liabilities | £252,412,000 | £561,449,000 | £367,610,000 | -34.5% | |
| Net assets | £239,241,000 | £456,140,000 | £304,040,000 | -33.3% | |
| Equity | £239,241,000 | £456,140,000 | £304,040,000 | -33.3% | |
| Average employees | 1,931 | 1,907 | 1,905 | -0.1% | |
| Wages | £100,095,000 | £105,236,000 | £106,856,000 | +1.5% | |
| Directors' remuneration | £1,107,000 | £1,159,000 | £970,000 | -16.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 7.1% | 20.8% | 10.2% | |
| Net margin | 17.6% | 30.4% | 27.5% | |
| Return on capital employed | 12.7% | 26.9% | 14.4% | |
| Gearing (liabilities / total assets) | 65.3% | 39.7% | — | |
| Current ratio | 1.10x | 2.84x | 1.90x |
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.
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
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the basis that the Company is a going concern. The Directors believe that the cash flow forecasts support this assumption.”
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%
Significant events
- “As a consequence of various governments lifting licencing bans in August 2024, some of which have been in place since 2020, and the subsequent issuance of critical licences and regulatory approvals, the Company in 2024 restarted work under contract with an ultimate Middle Eastern customer and has continued to perform under this contract through 2025.”
- “During the year £35.3m has been released from the provision as more information has become available in regards to the expected costs to deliver the contract.”
- “During December 2023, the Company and the trustees of the Scheme transacted a buy-in policy with an insurance company called Just Group PLC. This policy provides income into the Scheme that is equal to the benefits due to be paid out to Scheme members. The policy will therefore remove all financial and demographic risk to the Company associated with the Scheme.”
- “Also, over the course of 2023, the Scheme was closed to future accrual and the link between past service benefits and current salary was broken for active members.”
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 323 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-12 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
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.