BAE SYSTEMS (LAND AND SEA SYSTEMS) LIMITED
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Cash
—
Latest balance sheet
Net assets
£21m
-6.8% vs 2024
Employees
0
Average over period
Profit before tax
-£1.7m
-120.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on the going concern basis, notwithstanding net current liabilities of £37,193k. The Company is dependent for its working capital on funds provided to it by BAE Systems plc, the Company's ultimate parent. BAE Systems plc has indicated that, for at least 12 months from the date of approval of these financial statements, it will continue to make available funds as are needed by the Company to meet its liabilities as they fall due and in particular will not seek repayment of amounts currently made available. The directors consider that this should enable the Company to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements by meeting its liabilities as they fall due for payment.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs 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 | — | — | — | — | |
| Operating profit | £13,779,000 | £7,680,000 | -£2,713,000 | -135.3% | |
| Profit before tax | £14,120,000 | £8,531,000 | -£1,732,000 | -120.3% | |
| Net profit | £14,120,000 | £8,531,000 | -£1,569,000 | -118.4% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | — | £23,003,000 | £21,434,000 | -6.8% | |
| Net assets | £14,472,000 | £23,003,000 | £21,434,000 | -6.8% | |
| Equity | £14,472,000 | £23,003,000 | £21,434,000 | -6.8% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 |
|---|---|---|---|---|
| Return on capital employed | — | 33.4% | -12.7% | |
| Gearing (liabilities / total assets) | 73.0% | 62.5% | 63.4% |
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 3 times since incorporation
- BAE SYSTEMS (LAND AND SEA SYSTEMS) LIMITED 2000-02-23 → present
- BRITISH AEROSPACE LAND AND SEA SYSTEMS LIMITED 1999-02-22 → 2000-02-23
- BAESEMA LIMITED 1991-07-29 → 1999-02-22
- INTERCEDE 880 LIMITED 1990-09-05 → 1991-07-29
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on the going concern basis, notwithstanding net current liabilities of £37,193k. The Company is dependent for its working capital on funds provided to it by BAE Systems plc, the Company's ultimate parent. BAE Systems plc has indicated that, for at least 12 months from the date of approval of these financial statements, it will continue to make available funds as are needed by the Company to meet its liabilities as they fall due and in particular will not seek repayment of amounts currently made available. The directors consider that this should enable the Company to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements by meeting its liabilities as they fall due for payment.”
Group structure
- BAE SYSTEMS (LAND AND SEA SYSTEMS) LIMITED · parent
- BAE Systems Electronics Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAE SYSTEMS CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-08-28 | — | — |
| BRISTOW, David Edward | Director | 2024-06-01 | Oct 1966 | British |
| HINTON, Robert James | Director | 2024-12-18 | Jun 1987 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRADLEY, Nigel Frank | Secretary | 1994-01-01 | 1998-04-24 |
| COHEN, Kim | Secretary | 1998-04-24 | 1998-07-16 |
| DOWLER, Simon Peter | Secretary | 1998-07-16 | 1998-10-12 |
| HOLDING, Ann-Louise | Secretary | 2002-10-01 | 2024-12-18 |
| JONES, Catherine Amanda | Secretary | 1999-04-14 | 2004-06-07 |
| MCDOWELL, Stephen Charles | Secretary | — | 1994-01-01 |
| PARKES, David Stanley | Secretary | 1998-10-12 | 1999-04-14 |
| PRIOR, Katherine Alexandra | Secretary | 2024-12-18 | 2025-08-28 |
| BARRETT, Paul Michael | Director | 2002-07-01 | 2005-11-02 |
| BILLINGHAM, Nigel Anthony | Director | 1998-04-24 | 2000-05-01 |
| BITAN, William Hai | Director | 1994-12-31 | 1998-11-11 |
| BLACK, Terence Robert William | Director | 1999-02-26 | 2001-05-23 |
| BLUNDELL, Phillip Scott | Director | 2000-01-05 | 2001-10-17 |
| BONELLI, Pierre Sauveur Ernest | Director | — | 1998-11-11 |
| CARROLL, Stuart Paul | Director | 1998-12-21 | 1999-02-26 |
| COHEN, Kim | Director | 1998-07-16 | 1998-09-28 |
| DONOVAN, Michael | Director | 1998-04-24 | 1998-07-06 |
| DORRIAN, Alexander Moore | Director | — | 1998-11-17 |
| FISH, David Rodney | Director | 1996-08-30 | 1998-04-24 |
| FRYER, William Harry | Director | — | 1995-03-16 |
| GILLARD, David Anthony | Director | 2000-05-01 | 2000-12-15 |
| HAWKSWORTH, Roger William | Director | — | 1996-08-30 |
| HOLDING, Ann-Louise | Director | 2005-11-02 | 2024-12-18 |
| MAINI, Yoginder Nath Tidu, Dr | Director | — | 1994-12-31 |
| MOGFORD, Steven Lewis | Director | 1996-08-30 | 1998-04-24 |
| OSWALD, John Julian Robertson, Admiral Of The Fleet Sir | Director | 1995-03-17 | 1998-11-11 |
| PARKES, David Stanley | Director | 1998-12-21 | 2024-05-31 |
| RICHARDSON, Clive Robert | Director | 1998-12-08 | 2000-08-17 |
| ROUSE, Michael Peter | Director | — | 1996-08-30 |
| SOUTHWELL, Robin Simon | Director | 1998-12-08 | 2000-08-17 |
| WESTON, John Pix | Director | — | 1996-03-13 |
| WILLIAMS, Andrew Nicholas | Director | 2001-04-02 | 2002-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bae Systems (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 197 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-29 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-08-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-15 | CH03 | officers | Change person secretary company with change date | |
| 2023-12-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-08 | CH01 | officers | Change person director company with change date | |
| 2023-12-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.