ROLLS-ROYCE SUBMARINES LIMITED
A subsidiary of London-listed Rolls-Royce Holdings plc, the company designs, manufactures, and supports nuclear reactor systems for the Royal Navy's submarine fleet.
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Cash
£682k
+34.5% vs 2024
Net assets
£235m
-28.6% vs 2024
Employees
5,283
+9.3% highest in 3 filed years
Profit before tax
£145m
-8.7% vs 2024
Watch the reel
Our short-form breakdown of ROLLS-ROYCE SUBMARINES LIMITED's latest filing
Rolls-Royce Submarines turned over £1.36 billion this year, but the real story sits on the cash flow statement: a massive £220m dividend sent up to the London-listed parent. ⚓️💷
Net assets
3-year trend · vs Industrials 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 | £902,292,000 | £1,380,954,000 | £1,360,212,000 | -1.5% | |
| Operating profit | £99,075,000 | £134,937,000 | £123,486,000 | -8.5% | |
| Profit before tax | £116,469,000 | £158,746,000 | £144,980,000 | -8.7% | |
| Net profit | £94,669,000 | £120,810,000 | £110,556,000 | -8.5% | |
| Cash | £40,369,000 | £507,000 | £682,000 | +34.5% | |
| Total assets less current liabilities | £200,010,000 | £389,751,000 | £328,193,000 | -15.8% | |
| Net assets | £196,359,000 | £328,763,000 | £234,884,000 | -28.6% | |
| Equity | £196,359,000 | £328,763,000 | £234,884,000 | -28.6% | |
| Average employees | 4,125 | 4,834 | 5,283 | +9.3% | |
| Wages | £256,491,000 | £325,463,000 | £355,258,000 | +9.2% | |
| Directors' remuneration | £1,305,000 | £1,345,000 | £1,640,000 | +21.9% | |
| Directors' pension contributions | £80,000 | £61,000 | — | — | |
| Highest paid director | £442,000 | £572,000 | £628,000 | +9.8% |
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 | 11.0% | 9.8% | 9.1% | |
| Net margin | 10.5% | 8.7% | 8.1% | |
| Return on capital employed | 49.5% | 34.6% | 37.6% | |
| Gearing (liabilities / total assets) | 68.5% | 54.3% | 67.9% | |
| Current ratio | 1.42x | 2.10x | — | |
| Interest cover | — | 57.35x | 31.97x |
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
- ROLLS-ROYCE SUBMARINES LIMITED 2018-07-31 → present
- ROLLS-ROYCE MARINE POWER OPERATIONS LIMITED 1999-01-15 → 2018-07-31
- ROLLS-ROYCE AND ASSOCIATES LIMITED 1959-02-06 → 1999-01-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARLIER, Steven | Director | 2014-05-07 | Sep 1971 | British |
| CHOLERTON, Christopher James | Director | 2023-08-04 | Feb 1963 | British |
| CLAYTON, Abigail | Director | 2025-12-10 | Feb 1977 | British |
| COWELL, James John | Director | 2024-04-22 | Dec 1974 | British |
| DEARDEN, Steven Roy | Director | 2012-01-19 | Mar 1960 | British |
| GRAHAM, Paul Richard | Director | 2019-10-16 | Jul 1971 | British |
| JOHNS, Tony | Director | 2024-10-16 | Mar 1962 | British |
| WARREN, Lee | Director | 2021-12-13 | Nov 1972 | British |
| WOOD, Stephen Charles | Director | 2023-10-03 | Aug 1983 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASHFIELD, John Richard | Secretary | 1995-05-19 | 1999-03-08 |
| GOMA, Delrose Joy | Secretary | 1999-03-08 | 2015-08-31 |
| HARVEY-WRATE, Andrew | Secretary | 2015-08-31 | 2018-07-25 |
| LONDON, Philip Ronald | Secretary | 1994-02-25 | 1995-05-19 |
| MCENTAGGART, Kevin Anthony | Secretary | — | 1994-02-25 |
| BARKHAM, John Nichol | Director | — | 1994-03-09 |
| BOWEN, Simon Christopher | Director | 2021-12-13 | 2023-03-27 |
| BRIDGEMAN, Roger Geoffrey | Director | 1996-11-26 | 1998-09-02 |
| BRIDGEMAN, Roger Geoffrey | Director | 1992-11-01 | 1994-12-16 |
| BUCKLAND, Richard James | Director | 1998-11-01 | 2004-01-27 |
| BURGESS, John | Director | — | 1995-12-31 |
| CARRICK, Richard James | Director | 2019-07-11 | 2024-01-19 |
| CLARKSON, Donald Thomas | Director | — | 1993-02-10 |
| DAWSON, David Alan | Director | — | 1993-01-31 |
| DOLAN, Kevin | Director | 1994-03-09 | 1998-09-02 |
| FORBES, Duncan John | Director | 2005-03-01 | 2010-03-31 |
| GARWOOD, Stephen John, Doctor | Director | 1996-03-20 | 1998-09-02 |
| GARWOOD, Stephen John, Dr | Director | 2010-03-17 | 2013-10-04 |
| GHALIB, Selchouk Ahmed | Director | — | 1992-11-18 |
| GLANVILLE, John Michael | Director | 1993-04-19 | 1998-09-02 |
| GORDON, Andrew John | Director | 2011-04-04 | 2018-07-03 |
| GORHAM, Duncan Edward | Director | — | 1997-08-29 |
| GOULD, Gerald | Director | — | 1995-08-10 |
| GOULTY, Christopher John | Director | 2018-03-07 | 2021-11-24 |
| GREGORY, Mark | Director | 2022-01-01 | 2023-08-04 |
| HALL, Jeremy William Morris | Director | 2006-07-19 | 2014-03-31 |
| HAYNES, Lawrence John | Director | 2009-05-15 | 2016-04-26 |
| HELME, Michael John | Director | 2014-05-07 | 2015-02-27 |
| HELME, Michael John | Director | 2003-08-06 | 2005-12-31 |
| HIRSCH, Peter Bernhard, Sir | Director | 1994-12-16 | 1998-09-02 |
| HOLT, Harry Arthur Blair | Director | 2016-04-26 | 2021-12-31 |
| HOLT, John | Director | 2011-04-04 | 2016-03-31 |
| LANYADO, Saul Hyam Bertram, Dr | Director | 2000-11-16 | 2007-03-31 |
| LOWE, George Kenneth | Director | 1998-11-01 | 2010-03-31 |
| LUDLAM, Stephen | Director | 2005-03-01 | 2010-01-18 |
| MEAD, Christopher John | Director | 1995-08-10 | 1998-09-02 |
| NOBLE, David Clive | Director | 1995-08-10 | 1998-10-31 |
| ORR, David Leon | Director | 2013-10-04 | 2024-04-22 |
| OWENS, Rosalind Ellen Macaulay | Director | 2018-03-07 | 2023-10-03 |
| PATERSON, John Paul | Director | 2007-10-25 | 2009-05-15 |
| PERKINS, Andrew Derrick John | Director | — | 1993-06-15 |
| PRICE, David John | Director | 2000-06-19 | 2005-03-01 |
| ROSE, John Edward Victor, Sir | Director | — | 1993-06-15 |
| ROULSTONE, Anthony Richard Marsden | Director | 1992-11-16 | 1997-08-18 |
| SMITH, Jason Stewart | Director | 2010-01-18 | 2015-09-30 |
| SUNERTON, Robert Wallace | Director | 1997-08-18 | 2000-11-16 |
| WELSH, David | Director | 2000-02-17 | 2011-04-04 |
| WHETTON, Paul Anthony | Director | 1997-05-07 | 1998-09-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rolls-Royce Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 235 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-20 RESOLUTIONS Resolution
- 2025-12-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2026-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-20 | MA | incorporation | Memorandum articles | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-19 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-01 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.