How much does Bae Systems (Defence Systems) Limited make?

Bae Systems (Defence Systems) Limited reported revenue of £7.3m and a loss of £1.9m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

Is Bae Systems (Defence Systems) Limited profitable?

No — Bae Systems (Defence Systems) Limited reported a loss of £1.9m in the year to 31 Dec 2025.

Company No. 00236538 · Incorporated 19 Jan 1929

Bae Systems (Defence Systems) Limited

Registered name: BAE SYSTEMS (DEFENCE SYSTEMS) LIMITED

Part of Bae Systems PLC group

Bae Systems (Defence Systems) Limited made £7.3m revenue and a £1.9m loss in the year to 31 Dec 2025.

Bae Systems (Defence Systems) Limited’s revenue was £7.3m in the year to 31 Dec 2025, with a loss of £1.9m. The company is classified under “defence activities” and is based in Camberley.

Full P&L filedSIC 84220Defence activities

Status: Active
Location: Camberley
Age: 97 yrs · since 1929
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£7.3m

Growth —

Profit

−£1.9m

Growth —

Profit margin

−25.2%

Employees

—

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2025
Disclosure	Full P&L
Profit & loss
Revenue (turnover)	£7.3m
Cost of sales	−£7.3m
Operating profit	£1.5m
Profit before tax	−£681k
Profit after tax	−£1.9m
Profit (best available)	−£1.9m
Employees (average)	—
Ratios
Profit margin	−25.2%
Balance sheet — indirect signals, not revenue
Net assets	—
Source	Accounts · bulk data Oct 2026

Derived from the latest filing

How the business works

Profit margin: −25.2%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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.

Indirect — not revenue

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: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Bae Systems PLCultimate parent75–100%
Bae Systems (Holdings) Limited75–100%
Bae Systems (Defence Systems) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (30)

Alvis LimitedFigures not disclosed
Bae Systems (Corporate Air Travel) LimitedFigures not disclosed
Bae Systems (Dynamics) LimitedFigures not disclosed
Bae Systems (Farnborough 3) LimitedFigures not disclosed
Bae Systems (Finance) LimitedFigures not disclosed
Bae Systems (Funding Two) LimitedFigures not disclosed
Bae Systems (International) LimitedFigures not disclosed
Bae Systems (Land and Sea Systems) LimitedFigures not disclosed
Bae Systems (Meh) LimitedFigures not disclosed
Bae Systems (Military Air) Overseas LimitedFigures not disclosed
Bae Systems (Oman) LimitedFigures not disclosed
Bae Systems (Overseas Holdings) LimitedFigures not disclosed
Bae Systems (Property Investments) LimitedFigures not disclosed
Bae Systems Electronic Systems (Overseas) LimitedFigures not disclosed
Bae Systems Enterprises LimitedFigures not disclosed
Bae Systems GCS International LimitedFigures not disclosed
Bae Systems Global Combat Systems Munitions LimitedFigures not disclosed
Bae Systems Marine (Holdings) LimitedFigures not disclosed
Bae Systems Services LimitedFigures not disclosed
Bae Systems Surface Ships (Holdings) LimitedFigures not disclosed
Callen-Lenz Associates LimitedRev. — · Profit £4.1m
Detica Group LimitedFigures not disclosed
In-Space Missions LimitedFigures not disclosed
Kirintec LimitedRev. — · Profit £21.8m
Malloy Aeronautics LimitedFigures not disclosed
Mes IntercoLiquidationFigures not disclosed
Prismatic LtdFigures not disclosed
Pulse Power and Measurement LimitedFigures not disclosed
Stewart & Stevenson TVS UK LtdFigures not disclosed
TMB International Logistics LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit −£1.9m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.

Updated from Companies House on 22 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.