The Accounts Companies House intelligence

BAE SYSTEMS PLC

#01470151 · Active · Group / consolidated · Incorporated 1979-12-31 (46y 5m) · Last filing 2026-04-07 (1mo ago)
Industrials · SIC 25400 · C Manufacturing · Group accounts

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Next accounts due

2026-06-30 (in 1mo)

Last filed for 2024-12-31

Confirmation statement due

2026-10-13 (in 5mo)

Last made up 2025-09-29

Watchouts

None on the register

Cash

£3B

-16.9% vs 2023

Net assets

£12B

+9.8% vs 2023

Employees

97,000

+9% vs 2023

Profit before tax

£2B

+0.3% vs 2023

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £23,078,000,000£26,312,000,000
Operating profit £2,573,000,000£2,685,000,000
Profit before tax £2,326,000,000£2,332,000,000
Net profit £1,940,000,000£2,041,000,000
Cash £4,067,000,000£3,378,000,000
Total assets less current liabilities £9,666,000,000£14,047,000,000
Net assets £10,723,000,000£11,777,000,000
Equity £10,723,000,000£11,777,000,000
Average employees 89,00097,000
Wages £6,803,000,000£7,999,000,000
Directors' remuneration £2,254,085£2,734,329

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

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin 11.1%10.2%
Net margin 8.4%7.8%
Return on capital employed 26.6%19.1%
Gearing (liabilities / total assets) 48.0%55.4%
Current ratio 1.08x0.95x
Interest cover 6.14x5.50x

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

  1. BAE SYSTEMS PLC 2000-05-05 → present
  2. BRITISH AEROSPACE PUBLIC LIMITED COMPANY 1981-12-31 → 2000-05-05
  3. BRITISH AEROSPACE LIMITED 1979-12-31 → 1981-12-31

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Consolidated group
Auditor
Deloitte LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“On the basis of this, and other matters considered and reviewed by the Board, the Board has reasonable expectation that the Group will be able to continue in operation and meet its liabilities as they fall due over the following five years. It is recognised that such future assessments are subject to a level of uncertainty that increases with time. Therefore, the outcome cannot be guaranteed or predicted with certainty.”

Group structure

  1. BAE SYSTEMS PLC · parent
    1. BAE Systems Land & Armaments Inc 100% · US
    2. BAE Systems Australia 100% · Australia
    3. BAE Systems Saudi Arabia 100% · Saudi Arabia
    4. BAE Systems Sweden 100% · Sweden

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

People

13 active · 60 resigned

Name Role Appointed Born Nationality
CLARKE, Anthony Secretary 2024-05-09 — —
ANDERSON, Nicholas John Director 2020-11-01 Jan 1961 British
ARSENEAULT, Thomas Arnold Director 2020-04-01 Oct 1963 American
ASHBY, Crystal Director 2021-09-01 Apr 1961 American
COCKBURN, Angus George Director 2023-11-06 Jun 1963 British
GREVE, Bradley Madsen Director 2020-04-01 Jul 1967 American
GRIFFITHS, Jane Veronica, Dr Director 2020-04-01 Nov 1955 British
HOGG, Cressida Mary Director 2022-11-01 Jul 1969 British
KIRK, Ewan Mckinnon, Dr Director 2021-06-01 Feb 1961 British
PEARCE, Stephen Thomas Director 2019-06-01 Feb 1964 Australian
PETTIGREW, John Mark Director 2026-02-23 Oct 1968 British
PIASECKI, Nicole Weyerhaeuser Director 2019-06-01 Jun 1962 American
WOODBURN, Charles Nicholas Director 2016-05-09 Mar 1971 British
Show 60 resigned officers
Name Role Appointed Resigned
CARROLL, Stuart Paul Secretary 1996-11-13 1999-02-26
PARKES, David Stanley Secretary 1999-02-26 2024-05-09
WINDRIDGE, Susan Doreen Secretary — 1996-11-13
ADVAITHI, Revathi Director 2018-01-01 2020-06-25
ANDERSON, Paul Milton Director 2009-10-08 2014-12-31
BAUMAN, Robert Patten Director 1994-04-26 1998-05-01
BIGGAM, Robin Adair, Sir Director 1994-01-01 2003-04-29
BIRLEY, Susan Joyce, Professor Director 2000-11-22 2007-05-09
BLYTH OF ROWINGTON, James, Lord Director — 1994-04-26
BROWN, Keith Clark Director — 2003-04-29
CAHILL, John Conway Director — 1994-04-26
CARR, Roger Martyn, Sir Director 2013-10-01 2023-05-04
CARROLL JNR, Philip Joseph Director 2005-09-07 2010-05-05
CARTELLIERI, Ulrich, Doctor Director 1999-12-01 2007-09-26
COOKSON, Brian Director — 1992-06-30
CORLEY, Elizabeth Pauline Lucy Director 2016-02-01 2025-11-30
DAY, Judson Graham, Sir Director — 1993-09-14
DEMURO, Gerard Joseph Director 2014-02-01 2020-03-31
EVANS, Richard Harry Director 1992-05-23 2004-06-30
FAIRBAIRN, Carolyn Julie, Dame Director 2021-03-01 2022-05-05
GEOGHEGAN, Christopher Vincent Director 2002-07-10 2007-12-31
GERSHON, Peter Oliver, Sir Director 1999-11-29 2000-03-31
GILLIBRAND, Sydney Director — 1995-06-30
GREEN, Harriet Director 2010-11-01 2019-11-07
GRIGG, Christopher Montague Director 2013-07-01 2023-12-31
HAMPEL, Ronald Claus, Sir Director — 2002-05-31
HARTNALL, Michael James Director 2003-06-10 2012-05-02
HAVENSTEIN, Walter Perry Director 2007-01-02 2009-06-21
HESKETH, Thomas Alexander, Lord Director 1994-01-01 2005-05-04
HOLLICK OF NOTTING HILL, Clive Richard, Lord Director — 1997-05-28
HUDSON, Linda Parker Director 2009-10-26 2014-02-01
INGLIS, Andrew George Director 2007-06-13 2010-07-09
KING, Ian Graham, Mr. Director 2007-01-01 2017-06-30
KIRK, Robert Leonard Director — 1997-04-30
LAPTHORNE, Richard Douglas Director 1992-07-11 1999-09-30
LESTER, Michael Director 1999-11-29 2006-12-31
LYNAS, Peter John, Mr. Director 2011-04-01 2020-03-31
MASEFIELD, Charles Beech Gordon, Sir Director 1999-11-29 2003-02-28
MASON, Peter James, Sir Director 2003-01-22 2013-05-08
MCINTIRE, Lee Alan Director 2011-06-01 2013-08-20
MOGFORD, Steven Lewis Director 2000-04-01 2007-05-09
MOULD, Harold Raymond Director — 1992-08-14
OLVER, Richard Lake, Sir Director 2004-05-17 2014-02-01
PORTILLO, Michael Denzil Xavier, The Rt Hon Director 2002-09-11 2006-05-04
QUARTA, Roberto Director 2005-09-07 2011-12-31
REYNOLDS, Paula Rosput Director 2011-04-01 2020-12-31
RONALD, Mark Henry Director 2002-05-03 2006-12-31
ROSE, George Wilfred Director 1998-04-01 2011-03-31
ROSE, Nicholas Charles Director 2010-02-08 2020-12-31
RUDD, Anthony Nigel Russell, Sir Director 2006-09-10 2009-12-31
SAUNDRY, Frank Bailey Director — 1992-06-30
SCARONI, Paolo Director 2000-11-22 2004-05-05
SEDWILL, Mark Philip, Lord Director 2022-11-01 2024-09-10
SIMPSON, George, Lord Director — 1994-03-31
SYMON, Carl George Director 2008-06-11 2015-06-12
TURNER, Michael John Director 1994-01-01 2008-08-31
TYLER, Ian Paul Director 2013-05-08 2022-05-05
UPPAL, Ravi Kant Director 2008-04-02 2011-04-01
WEINBERG, Peter Amory Director 2005-06-16 2008-05-07
WESTON, John Pix Director 1994-01-01 2002-03-25

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 3904 total filings

Date Type Category Description
2026-04-07 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2026-04-07 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2026-04-07 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2026-04-02 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2026-03-10 AP01 officers Appoint person director company with name date PDF
2026-01-26 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2026-01-21 TM01 officers Termination director company with name termination date PDF
2025-12-09 SH06 capital Capital cancellation shares
2025-12-09 SH03 capital Capital return purchase own shares
2025-12-09 SH03 capital Capital return purchase own shares
2025-12-09 SH03 capital Capital return purchase own shares
2025-12-09 SH03 capital Capital return purchase own shares
2025-12-09 SH03 capital Capital return purchase own shares
2025-12-09 SH03 capital Capital return purchase own shares
2025-12-09 SH03 capital Capital return purchase own shares
2025-12-09 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2025-11-04 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2025-11-04 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2025-10-21 SH04 capital Capital sale or transfer treasury shares with date currency capital figure
2025-10-21 SH04 capital Capital sale or transfer treasury shares with date currency capital figure

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
20

last 12 months

Capital events
18

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.

Official Companies House page