BAE SYSTEMS MARINE LIMITED

Active
Company number 00229770Private limited companyIncorporated 1928

Key figures

£840,569,000-5.8%
Net assets 2025
-5.8%
Average annual change 2024–2025
0250 m500 m750 m1 bn20242025

† BAE SYSTEMS MARINE LIMITED filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

Ratios

2025

Sector comparison

SIC 30110

Where the company stands among the 408 active companies whose first SIC code is 30110 (Building of ships and floating structures).

Net assets£840,569,000
Higher than 99% · median £9,737
Total assets£3,346,851,000
Higher than 99% · median £124,797
Employees13,698
Higher than 99% · median 1
Company age98.6 years
Older than 99% · median 7.3 years
Largest in this sector by net assets
  1. BAE SYSTEMS SURFACE SHIPS LIMITED£859.8m
  2. BAE SYSTEMS MARINE LIMITED£840.6m
  3. BABCOCK MARINE (ROSYTH) LIMITED£165.7m
  4. BERTHON BOAT COMPANY LIMITED£45.1m
  5. MACDUFF SHIPYARDS LIMITED£24.9m
  6. CAMMELL LAIRD SHIPREPAIRERS & SHIPBUILDERS LIMITED£17.5m
  7. SURVITEC SURVIVAL CRAFT LTD£14.1m
  8. FERGUSON MARINE (801- 802) LIMITED£10.4m
  9. UK DOCKS MARINE SERVICES NORTH LIMITED£10.3m
  10. BARNES MARINE UNITS LIMITED£10.2m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 408. The line on each bar marks the median.

Summary: BAE SYSTEMS MARINE LIMITED

What kind of company is it?

BAE SYSTEMS MARINE LIMITED is a private limited company registered with Companies House under company number 00229770. It was incorporated on 18 Apr 1928. Its status is active. The registered office is in Camberley (GU16). Its nature of business (SIC 2007) is building of ships and floating structures (30110).

How is the company doing financially?

The latest accounts in the database are for 2025 (period ending 31 Dec 2025); the company files full accounts. Turnover was £3,069,431,000. Profit for the year was £173,257,000. Net assets were £840,569,000, down 5.8% on the previous year. Total assets were £3,346,851,000 and total liabilities £2,506,282,000. The company had an average of 13,698 employees. Figures are available for 2 financial years (2024–2025).

How does it compare with similar companies?

Compared with 408 active companies whose first SIC code is 30110: By net assets it ranks higher than 99% of them (median £9,737). By total assets it ranks higher than 99% of them (median £124,797). By number of employees it ranks higher than 99% of them (median 1). It is older than 99% of them (median age 7.3 years).

Does it supply the public sector?

The company is named as a supplier in 2 public contract award notices from 2 public sector buyers since 2018. Contracts awarded to it alone have a combined published value of £3.5m.

What do public registers and reports show?

HMRC lists it as an importer of goods, mainly iron and steel, machinery, electrical equipment. HMRC lists it as an exporter of goods, mainly electrical equipment, copper, machinery. In its latest payment practices report it took an average of 10 days to pay suppliers, and 2% of invoices were not paid within agreed terms. Its gender pay gap report for 2025/26 shows median hourly pay for women 12.2% lower than for men. It has modern slavery statements on the government registry for 6 years.

Who runs and controls the company?

One person with significant control is registered.

When are its next filings due?

The next accounts are due by 30 Sep 2027. The next confirmation statement is due by 18 Sep 2027.

Filed accounts2024–2025
2024 †2025 †
Turnover2,772,956,0003,069,431,000
Profit for the year225,632,000173,257,000
Total assets2,967,915,0003,346,851,000
Total liabilities2,075,244,0002,506,282,000
Net assets / total equity892,671,000840,569,000
Average number of employees12,42813,698

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Public contracts

2 contracts

BAE SYSTEMS MARINE LIMITED is named as a supplier in 2 public contract award notices from 2 public sector buyers since 2018. Their combined published value is £3.5m.

Contracts per year
Main buyers2
Ministry of Defence, Ships, Communications and Situational Awareness (CSA)
1 contract · £3.5m
Defence Science and Technology Laboratory
1 contract · £11.5k
Contracts
  1. Purchase of equipment maintenanceDefence Science and Technology Laboratory · £11,500
  2. Information Data Distribution Systems (IDDS) In Service Support Contract‡Ministry of Defence, Ships, Communications and Situational Awareness (CSA) · £3,500,000

From contract award notices on Contracts Finder (since 2016) and Find a Tender (since 2021), published by the Cabinet Office under the Open Government Licence v3.0. Values are as published by the buyer and usually cover the whole contract term; the total leaves out awards shared between several suppliers, where the published figure is a ceiling for all of them, placeholder values and single figures of £1 billion or more. Notices marked ‡ do not state a company number and were linked by an exact match on the registered name. Contracts below the publication thresholds and those of devolved buyers that publish elsewhere are not included.

Statutory reporting

Payment practices1 Jan 2026 – 30 Jun 2026
Average time taken to pay invoices
10 days
Invoices not paid within agreed terms
2%
Standard payment terms
14–30 days
  • Within 30 days 98%
  • 31 to 60 days 2%
  • After 60 days 0%
Earlier periods (7)
Period ending
Days to pay
Within 30 days
Late
31 Dec 2025
11
97%
2%
30 Jun 2025
12
97%
3%
31 Dec 2024
11
98%
2%
30 Jun 2024
11
97%
3%
31 Dec 2023
11
98%
3%
30 Jun 2023
11
96%
4%
31 Dec 2022
12
96%
4%

View the latest report on GOV.UK

Gender pay gap2025/26
Median hourly pay
women 12.2% lower
Mean hourly pay
women 11.4% lower
Employer size
5000 to 19,999 employees
Lower pay quarter37.5% womenLower middle35.6% womenUpper middle23.2% womenUpper pay quarter15.1% women
Earlier years (8)
Year
Median hourly pay
Mean hourly pay
2024/25
women 12.5% lower
women 11.7% lower
2023/24
women 13.4% lower
women 12.4% lower
2022/23
women 11.9% lower
women 10.8% lower
2021/22
women 11.3% lower
women 12% lower
2020/21
women 9.4% lower
women 9.7% lower
2019/20
women 12.2% lower
women 14.1% lower
2018/19
women 13.2% lower
women 13.7% lower
2017/18
women 16.1% lower
women 16.1% lower

A positive gap means women's average hourly pay is lower than men's across the whole employer; it is not a comparison of pay for the same work. View on the Gender pay gap service

Modern slavery statements6
2026
Statement · summary on GOV.UK · group statement (BAE SYSTEMS PLC)
2025
Statement · summary on GOV.UK · group statement (BAE SYSTEMS PLC)
2024
Statement · summary on GOV.UK · group statement
Earlier years (3)
2022
Statement · summary on GOV.UK · group statement
2021
Statement · summary on GOV.UK · group statement
2020
Statement · summary on GOV.UK · group statement

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

Registers and licences

International trade‡

Listed by HMRC as an importer of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: iron and steel, machinery, electrical equipment, copper and rubber.

Listed by HMRC as an exporter of goods in 8 of the last 12 months on record, most recently August 2026. Main goods: electrical equipment, copper and machinery.

From HMRC's monthly lists of importers and exporters. Traders can ask to be left off the lists, so absence does not mean a company does not trade.

Sources: Charity Commission for England and Wales, Care Quality Commission, Home Office and HM Revenue & Customs, under the Open Government Licence v3.0. Entries marked ‡ come from lists that do not state a company number and were linked by an exact match on the registered name.

History

4 events
  1. Financial year 2025 endedAccounts: turnover £3.1bn, net assets £840.6m, 13,698 employees
  2. Financial year 2024 endedAccounts: turnover £2.8bn, net assets £892.7m, 12,428 employees
  3. Bae Systems Marine (Holdings) Limited registered as a person with significant control
  4. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current persons with significant control, and the end of each financial year with figures in the database. Former persons with significant control are not listed.