BAE SYSTEMS SURFACE SHIPS LIMITED
Operating as part of the BAE Systems Maritime division, the company is a wholly owned subsidiary of London-listed BAE Systems plc that specialises in naval surface shipbuilding and combat systems integration.
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Cash
—
Latest balance sheet
Net assets
£867M
+6.3% vs 2023
Employees
8,429
+5.9% vs 2023
Profit before tax
£108M
-6.2% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,576,253,000 | £1,704,144,000 | +8.1% | |
| Operating profit | £102,932,000 | £101,716,000 | -1.2% | |
| Profit before tax | £115,498,000 | £108,369,000 | -6.2% | |
| Net profit | £98,570,000 | £95,336,000 | -3.3% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £940,588,000 | £994,346,000 | +5.7% | |
| Net assets | £815,399,000 | £867,131,000 | +6.3% | |
| Equity | £815,399,000 | £867,131,000 | +6.3% | |
| Average employees | 7,959 | 8,429 | +5.9% | |
| Wages | £426,640,000 | £455,486,000 | +6.8% | |
| Directors' remuneration | £1,710,000 | £1,725,000 | +0.9% |
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 |
|---|---|---|---|
| Operating margin | 6.5% | 6.0% | |
| Net margin | 6.3% | 5.6% | |
| Return on capital employed | 10.9% | 10.2% | |
| Gearing (liabilities / total assets) | 63.8% | 69.3% | |
| Current ratio | 0.17x | 0.38x |
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
- BAE SYSTEMS SURFACE SHIPS LIMITED 2009-10-30 → present
- BVT SURFACE FLEET LIMITED 2008-07-01 → 2009-10-30
- BAE SYSTEMS SURFACE FLEET SOLUTIONS LIMITED 2007-03-14 → 2008-07-01
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 £1,133,484k. The Company is dependent for its working capital on funds provided by BAE Systems plc, its ultimate parent, which has indicated funds will be made available for at least 12 months.”
Group structure
- BAE SYSTEMS SURFACE SHIPS LIMITED · parent
- BAE Systems Surface Ships Portsmouth Limited 100%
- BAE Systems Surface Ships Property Services Limited 100%
- BAE Systems Surface Ships Support Limited 100%
- Canadian Naval Support Limited 50%
- BAE Systems Surface Ships Intermediate Holdings Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAE SYSTEMS CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-07-31 | — | — |
| CAMPBELL, Claire Frances | Director | 2022-03-29 | Nov 1972 | British |
| JAMIESON, Scott William | Director | 2022-10-01 | Mar 1975 | British |
| LISTER, Simon Robert, Sir | Director | 2021-01-01 | Oct 1959 | British |
| PEAGRAM, Rebecca Margaret | Director | 2022-08-31 | Sep 1969 | British |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLDING, Ann-Louise | Secretary | 2009-10-30 | 2024-12-18 |
| HOLDING, Ann-Louise | Secretary | 2007-03-14 | 2008-07-01 |
| KENT, George Edward Alexander | Secretary | 2008-07-01 | 2009-10-30 |
| PARKES, David Stanley | Secretary | 2007-08-07 | 2008-07-01 |
| PRIOR, Katherine Alexandra | Secretary | 2024-12-18 | 2025-07-31 |
| BOOTH, Ian Anthony | Director | 2008-09-11 | 2009-10-30 |
| BRISTOW, David Edward | Director | 2018-03-01 | 2022-08-31 |
| BROWN, William | Director | 2008-05-19 | 2008-07-01 |
| CHADDAH, Sunil Kumar | Director | 2018-03-05 | 2021-04-13 |
| COOPER, Martin Stephen | Director | 2013-02-25 | 2016-07-27 |
| CUNDY, Christopher John | Director | 2008-07-01 | 2009-10-30 |
| DAVIES, Andrew Oswell Bede | Director | 2008-07-01 | 2009-10-30 |
| EARL, Peter Robert | Director | 2008-07-01 | 2009-10-30 |
| EDWARDS, Gareth Jeffrey | Director | 2021-05-27 | 2022-10-13 |
| EMERY, Victor Reginald | Director | 2007-04-05 | 2008-12-16 |
| FISHER, Rory Mcculloch | Director | 2013-03-20 | 2014-06-16 |
| GILL, David Barry | Director | 2014-10-21 | 2018-03-05 |
| HOLDING, Ann-Louise | Director | 2007-03-14 | 2007-04-05 |
| HOWARTH, Michael John | Director | 2016-06-10 | 2017-02-10 |
| IMMS, Robin John | Director | 2008-07-01 | 2012-09-26 |
| JOHNSTON, Alan John | Director | 2008-07-01 | 2011-06-22 |
| KING, Ian Graham, Mr. | Director | 2008-07-01 | 2008-11-04 |
| LESTER, Paul John | Director | 2008-07-01 | 2009-10-30 |
| MCINTOSH, Peter John | Director | 2008-07-01 | 2009-10-30 |
| MITCHARD, David John | Director | 2017-02-13 | 2022-09-30 |
| ORD, Michael | Director | 2011-01-20 | 2016-09-01 |
| PAONESSA, Francesco Alberto, Dr | Director | 2008-07-01 | 2008-12-16 |
| PARKER, Thomas John, Sir | Director | 2008-07-01 | 2009-10-30 |
| PARKES, David Stanley | Director | 2007-03-14 | 2007-04-05 |
| PHILLIPS, Glynn Stuart | Director | 2011-03-16 | 2014-10-21 |
| SPARKES, Christopher Neil James | Director | 2016-06-10 | 2018-03-01 |
| STEVENSON, Iain | Director | 2016-09-01 | 2019-02-26 |
| TIMMS, Stephen Edward | Director | 2019-02-26 | 2020-12-31 |
| TOUGH, Alan John | Director | 2007-04-05 | 2008-05-19 |
| WHITEHEAD, Nigel | Director | 2008-11-04 | 2009-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bae Systems Surface Ships (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 170 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-08 | AA | accounts | Accounts with accounts type full | |
| 2025-08-05 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-08-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-09 | AA | accounts | Accounts with accounts type full | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-13 | CH01 | officers | Change person director company with change date | |
| 2023-12-11 | CH01 | officers | Change person director company with change date | |
| 2023-12-11 | CH03 | officers | Change person secretary 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 | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-05 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.