BAE SYSTEMS PROPERTIES LIMITED
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Cash
—
Latest balance sheet
Net assets
-£32m
+4.4% highest in 3 filed years
Employees
100
-10.7% lowest in 3 filed years
Profit before tax
£2.8m
+11% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Real Estate 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 | £63,804,000 | £100,374,000 | £134,021,000 | +33.5% | |
| Operating profit | £866,000 | £2,232,000 | £2,399,000 | +7.5% | |
| Profit before tax | £1,253,000 | £2,493,000 | £2,768,000 | +11% | |
| Net profit | £1,253,000 | £2,493,000 | £1,764,000 | -29.2% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | -£36,680,000 | -£33,105,000 | -£31,662,000 | +4.4% | |
| Net assets | -£36,838,000 | -£33,425,000 | -£31,939,000 | +4.4% | |
| Equity | -£36,838,000 | -£33,425,000 | -£31,939,000 | +4.4% | |
| Average employees | 113 | 112 | 100 | -10.7% | |
| Wages | £6,784,000 | £7,160,000 | £7,064,000 | -1.3% | |
| 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 |
|---|---|---|---|---|
| Operating margin | 1.4% | 2.2% | 1.8% | |
| Net margin | 2.0% | 2.5% | 1.3% | |
| Gearing (liabilities / total assets) | 105.2% | 104.8% | 104.6% | |
| Current ratio | 0.09x | 0.09x | 0.07x | |
| Interest cover | 66.62x | 57.23x | 77.39x |
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 3 times since incorporation
- BAE SYSTEMS PROPERTIES LIMITED 2000-02-23 → present
- BRITISH AEROSPACE PROPERTIES LIMITED 1994-08-24 → 2000-02-23
- APH (1994) LIMITED 1994-06-21 → 1994-08-24
- SUPERTWICE SERVICES LIMITED 1993-10-19 → 1994-06-21
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, notwithstanding net current liabilities of £674,886k.”
Group structure
- BAE SYSTEMS PROPERTIES LIMITED · parent
- Newcombe Properties Limited 100%
- Winner Developments Limited 33.33%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAE SYSTEMS CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-12-12 | — | — |
| CAVE, David John | Director | 2026-01-29 | Feb 1972 | British |
| CHAMBERS, Chloe Sascha Jane | Director | 2026-08-18 | Jun 1976 | British |
| MCGOVERN, Michael Hugh | Director | 2023-09-29 | Mar 1980 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARKE, Anthony | Secretary | 2024-06-01 | 2025-12-12 |
| DUFFIELD, David Mark Johnston | Secretary | 1996-09-25 | 1998-10-09 |
| FERGUSON, Iain Donald | Secretary | 1994-06-29 | 1996-09-25 |
| JONES, Stephen Andrew | Secretary | 1993-12-14 | 1994-06-29 |
| PARKES, David Stanley | Secretary | 1998-10-09 | 2024-05-31 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1993-10-19 | 1993-12-14 |
| BLACK, Terence Robert William | Director | 1999-02-26 | 2001-05-23 |
| BRISTOW, David Edward | Director | 2011-07-29 | 2013-04-29 |
| CARROLL, Stuart Paul | Director | 1998-10-09 | 1999-02-26 |
| CHEESMAN, Andrew John | Director | 2003-12-01 | 2016-02-03 |
| CHOLMELEY, Robert Cecil | Director | 1994-06-06 | 1995-03-31 |
| DEIGMAN, Patrick | Director | 1994-06-06 | 1998-10-09 |
| FERGUSON, Iain Donald | Director | 1994-11-01 | 1996-09-25 |
| GREEN, David Alexander | Director | 2013-05-03 | 2023-10-02 |
| GREEN, Malcolm Frederick, Dr | Director | 2000-01-05 | 2011-07-29 |
| HENWOOD, Stephen Hugh | Director | 2000-01-05 | 2001-01-29 |
| HOLDING, Ann-Louise | Director | 2001-05-23 | 2024-11-28 |
| LAPTHORNE, Richard Douglas | Director | 1994-06-06 | 1999-01-26 |
| LESTER, Michael | Director | 2000-01-05 | 2006-12-19 |
| MACECHERN, Gavin Macalister | Director | 1994-06-06 | 1994-09-29 |
| MCCOMB, Caroline Jane Swan | Director | 2022-10-05 | 2026-01-29 |
| PARKES, David Stanley | Director | 1998-10-09 | 2024-05-31 |
| PARKES, David Stanley | Director | 1993-12-14 | 1994-06-29 |
| PULSFORD, Jeffrey Mark | Director | 1996-10-01 | 1998-10-09 |
| REASON, Mark Andrew | Director | 2016-02-03 | 2022-09-30 |
| WINDRIDGE, Susan Doreen | Director | 1993-12-14 | 1994-06-29 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1993-10-19 | 1993-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bae Systems (Property Investments) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 174 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-12-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-17 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-13 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-15 | CH01 | officers | Change person director company with change date | |
| 2023-12-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-11 | CH03 | officers | Change person secretary company with change date | |
| 2023-12-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 3
- 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.