Bae Systems Surface Ships Limited
Registered name: BAE SYSTEMS SURFACE SHIPS LIMITED
Part of Bae Systems PLC groupBae Systems Surface Ships Limited made £1.8bn revenue and £76.6m profit in the year to 31 Dec 2025.
Bae Systems Surface Ships Limited’s revenue grew 6% to £1.8bn in the year to 31 Dec 2025, with £76.6m profit and 8,726 employees. The company is classified under “building of ships and floating structures” and is based in Camberley; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Camberley
- Age
- 19 yrs · since 2007
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.6bn | £1.7bn | £1.8bn |
| Cost of sales | −£1.5bn | −£1.6bn | −£1.7bn |
| Gross profit | £86.8m | £78.8m | — |
| Operating profit | £103m | £102m | £88.9m |
| Profit before tax | £115m | £108m | £101m |
| Profit after tax | £98.6m | £95.3m | £76.6m |
| Profit (best available) | £98.6m | £95.3m | £76.6m |
| Employees (average) | 7,959 | 8,429 | 8,726 |
| Ratios | |||
| Profit margin | 6.3% | 5.6% | 4.2% |
| Gross margin | 5.5% | 4.6% | — |
| Revenue per employee | £198k | £202k | £207k |
| Profit per employee | £12.4k | £11.3k | £8.8k |
| Growth (year on year) | |||
| Revenue growth | — | ▲8.1% | ▲6.3% |
| Profit growth | — | ▼3.3% | ▼19.7% |
| Headcount growth | — | ▲5.9% | ▲3.5% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 4.2%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £207k
- Revenue ÷ average employees.
- Profit per employee
- £8.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲4%
- Now 8,726
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Bae Systems PLCultimate parent75–100%
- Bae Systems (Holdings) Limited75–100%
- Bae Systems Surface Ships (Holdings) Limited75–100%
- Bae Systems Surface Ships Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (8)
- Bae Systems Integrated System Technologies (Overseas) LimitedFigures not disclosed
- Bae Systems Project Services LimitedFigures not disclosed
- Bae Systems Surface Ships (Overseas) LimitedFigures not disclosed
- Bae Systems Surface Ships (Projects) LimitedFigures not disclosed
- Bae Systems Surface Ships Integrated Support LimitedFigures not disclosed
- Bae Systems Surface Ships International LimitedFigures not disclosed
- KBS Maritime LimitedFigures not disclosed
- Techmodal LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £76.6m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 24 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.