LEONARDO UK LTD
Operating as the British arm of Milan-listed Leonardo S.p.A, the company manufactures and maintains aerospace, defence, and security systems, including helicopters and military electronics, primarily for the UK Ministry of Defence and export markets.
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Cash
£32M
+105.7% highest in 3 filed years
Net assets
£2.1B
+11.7% vs 2024
Employees
8,966
+6.2% highest in 3 filed years
Profit before tax
£271M
+3,202.6% highest in 3 filed years
Net assets
3-year trend · vs Technology median
LEONARDO UK LTD·Technology median
LEONARDO UK LTD·Technology median
LEONARDO UK LTD·Technology median
LEONARDO UK LTD·Technology median
LEONARDO UK LTD·Technology 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 | £2,256,484,000 | £2,339,911,000 | £2,702,164,000 | +15.5% | |
| Operating profit | £187,565,000 | -£26,841,000 | £250,221,000 | +1,032.2% | |
| Profit before tax | £212,064,000 | £8,194,000 | £270,612,000 | +3,202.6% | |
| Net profit | £168,752,000 | -£35,526,000 | £211,219,000 | +694.5% | |
| Cash | £20,365,000 | £15,616,000 | £32,125,000 | +105.7% | |
| Total assets less current liabilities | £2,440,532,000 | £2,210,824,000 | £2,417,018,000 | +9.3% | |
| Net assets | £2,119,462,000 | £1,873,510,000 | £2,091,911,000 | +11.7% | |
| Equity | £2,119,462,000 | £1,873,510,000 | £2,091,911,000 | +11.7% | |
| Average employees | 7,776 | 8,439 | 8,966 | +6.2% | |
| Wages | £443,733,000 | £508,009,000 | £563,141,000 | +10.9% | |
| Directors' remuneration | £2,086,000 | £2,667,000 | £2,814,000 | +5.5% |
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 | 8.3% | -1.1% | 9.3% | |
| Net margin | 7.5% | -1.5% | 7.8% | |
| Return on capital employed | 7.7% | -1.2% | 10.4% | |
| Current ratio | 1.16x | 1.14x | 1.24x | |
| Interest cover | 11.62x | -2.08x | 20.70x |
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 9 times since incorporation
- LEONARDO UK LTD 2021-03-31 → present
- LEONARDO MW LTD 2016-09-09 → 2021-03-31
- SELEX ES LTD 2013-01-02 → 2016-09-09
- SELEX GALILEO LTD 2010-01-04 → 2013-01-02
- SELEX SENSORS AND AIRBORNE SYSTEMS LIMITED 2005-05-03 → 2010-01-04
- BAE SYSTEMS AVIONICS LIMITED 2000-02-23 → 2005-05-03
- MARCONI AVIONICS (HOLDINGS) LIMITED 1998-11-11 → 2000-02-23
- GEC-MARCONI AVIONICS (HOLDINGS) LIMITED 1993-05-20 → 1998-11-11
- GEC FERRANTI DEFENCE SYSTEMS LIMITED 1990-01-26 → 1993-05-20
- TRUSHELFCO (NO.1560) LIMITED 1989-09-25 → 1990-01-26
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board of directors has assessed the Company's cash flow forecasts for the going concern period through to 31 December 2027 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
- LEONARDO UK LTD · parent
- Leonardo Limited 100%
- Leonardo MW Ltd 100%
- SELEX Elsag Limited 100%
- Selex ES (Projects) Ltd 100%
- Leonardo Electronics Pension Scheme (Trustee) Ltd 100%
- Leonardo Helicopters Pension Scheme (Trustee) Ltd 100%
- AgustaWestland Limited 100%
- DRS Technologies UK Limited 100%
- Leonardo FuturePlanner (Trustee) Ltd 100%
- Leonardo Pension Schemes (Trustee) Ltd 100%
Significant events
- “Order intake was 36% higher than 2024 due mainly to large Typhoon orders received in 2025. Turnover was 15% and operating profit 7% higher than 2024 driven by increased execution of contracts across all divisions. Cash generated from operations decreased by £46,641,000 compared to 2024 due to higher supplier payments.”
- “Global Combat Air Programme ("GCAP") Electronics Evolution consortium, bringing together the expertise of Leonardo UK, Leonardo Italy, ELT Group and Mitsubishi Electric to develop the Integrated Sensing and Non-Kinetic Effects and Integrated Communications Systems for GCAP.”
- “Contract to deliver DragonFire Systems to the Royal Navy by 2026, following successful trials.”
- “Successful demonstration of the Sovereign Hunter capability, the UK's first full-scale trial of decentralised collaborative platform swarming.”
- “BriteStorm latest electronic warfare payload that will be integrated into RAF's StormShroud autonomous collaborative platform.”
- “Miysis DIRCM selected to protect the German Air Force's C-130J fleet.”
- “IDEF 2025, MoU was signed between the UK and Turkey for 20 Eurofighters, with Leonardo confirmed as the key supplier of radar and electronic warfare capabilities for the aircraft.”
- “Project SIREN - Working alongside Defence Science and Technology Laboratory, Igence Radar, Voyant and leading universities, Leonardo demonstrated how airborne systems can link with ground stations to create a near real-time picture of the air and maritime environment.”
- “Rapidly growing opportunity for Gripen aircraft in the global market, with next 40-off production order of the Raven radar which has been received and accepted in early 2026.”
- “Award of ECRS MK2 contract from the MOD which will equip the UK RAF Typhoon aircraft with a cutting-edge multi-function RF radar system.”
- “Leonardo UK remained the sole bidder to deliver the AW149 for the UK's New Medium Helicopter ("NMΗ") requirement, with the contract being awarded in March 2026.”
- “Proteus: Next-Generation Uncrewed Rotorcraft, in collaboration with the Royal Navy and the MOD's Defence Equipment and Support and Future Capability Innovation team, Leonardo UK completed assembly of the demonstrator aircraft culminating in a successful test flight in January 2026.”
- “MCX Dispatcher chosen for the Emergency Services Network, where users connect through a secure cloud platform regardless of the technology they are using or their location.”
- “Progressed acquisition of Becrypt, culminating in acquisition contract being signed by both parties in March 2026.”
- “On 2 March 2026, the MOD announced a £1 billion contract award to the Company to build and deliver 23 AW149s, under the new medium helicopter programme.”
- “On 10 March 2026, the Company acquired, subject to regulatory approval, 100% of the share capital of Becrypt Limited for consideration of £29,000,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BERTOLA, Lorenzo | Secretary | 2023-06-08 | — | — |
| CAMPORA, Andrea | Director | 2024-02-21 | Jul 1968 | Italian |
| COLMAN, Nigel | Director | 2025-03-11 | Jan 1971 | British |
| CUTILLO, Gian Piero | Director | 2017-07-20 | Jan 1963 | Italian |
| DE FAZIO, Marco | Director | 2023-07-14 | May 1965 | Italian |
| HAMILTON, Mark Wayne | Director | 2023-01-01 | Jun 1974 | British |
| HIGGINS, Clive James | Director | 2021-07-23 | May 1977 | British |
| LEGGETTER, Allan David | Director | 2024-02-21 | Oct 1971 | British |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ACCIARI, Patrizia | Secretary | 2008-02-22 | 2013-02-25 |
| BONAIUTO, Federico | Secretary | 2013-02-25 | 2017-02-16 |
| JONES, Catherine Amanda | Secretary | 2005-04-29 | 2008-02-22 |
| PARKES, David Stanley | Secretary | 2000-08-11 | 2005-04-29 |
| PEACHEY, Eric Albert | Secretary | — | 2000-08-11 |
| THOMSIT, Kevin Geoffrey | Secretary | 2017-02-16 | 2023-05-16 |
| ALLEN, Wendy | Director | 2021-02-24 | 2026-05-26 |
| BONAIUTO, Federico | Director | 2023-07-14 | 2026-06-10 |
| BONE, Norman James | Director | 2011-01-01 | 2022-12-31 |
| CLARKE, Adam Oliver | Director | 2022-07-27 | 2025-02-28 |
| COOK, Allan Edward | Director | 2011-02-02 | 2014-12-31 |
| COOK, Allan Edward | Director | 1998-04-01 | 2000-06-30 |
| COWDERY, Andrew John | Director | 2017-01-01 | 2019-01-09 |
| DI BARTOLOMEO,, Pasquale | Director | 2021-02-24 | 2023-07-06 |
| DUNN, Ronald | Director | — | 1993-10-31 |
| FLETCHER, David John, Dr | Director | — | 1993-07-28 |
| FRANKS, Nicholas Ellis | Director | 2002-04-04 | 2007-12-31 |
| FROST, David Michael | Director | 1996-08-19 | 2003-04-30 |
| GEOGHEGAN, Christopher Vincent | Director | 2000-07-01 | 2002-04-04 |
| GIULIANINI, Fabrizio | Director | 2010-01-01 | 2017-06-01 |
| IARLORI, Simonetta | Director | 2017-10-24 | 2021-02-24 |
| KING, Ian Graham, Mr. | Director | — | 1996-09-30 |
| LANYADO, Saul Hyam Bertram, Dr | Director | 1996-08-08 | 1998-04-01 |
| MACBEAN, Ian Grant, Dr | Director | — | 1996-09-30 |
| MOGFORD, Steven Lewis | Director | 2008-01-01 | 2011-01-01 |
| MUNDAY, Geoffrey Frank | Director | 2013-04-18 | 2020-04-30 |
| MUNDAY, Geoffrey Frank | Director | 2004-10-18 | 2008-01-01 |
| PARRELLA, Andrea | Director | 2017-01-01 | 2023-06-23 |
| PERTICA, Remo Giuseppe | Director | 2011-02-02 | 2014-07-31 |
| PERTICA, Remo Giuseppe | Director | 2008-01-01 | 2011-01-01 |
| PONSONBY, John Maurice Maynard | Director | 2017-01-01 | 2018-01-10 |
| PORTER, Craig | Director | 2018-02-20 | 2021-07-23 |
| ROMITI, Daniele | Director | 2017-01-01 | 2017-10-23 |
| TEBBIT, Kevin Reginald, Sir | Director | 2008-01-01 | 2013-03-15 |
| WEST, Terence George Thomas | Director | 2003-04-30 | 2007-12-31 |
| WHITNEY, Nicholas Charles | Director | 2020-04-22 | 2022-05-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Leonardo S.P.A. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 217 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-03 | AA | accounts | Accounts with accounts type full | |
| 2026-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-18 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-08-04 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-02-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-02 | AA | accounts | Accounts with accounts type full | |
| 2023-07-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-06-05 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.