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BAE SYSTEMS MARINE LIMITED
VICTORY POINT, LYON WAY, FRIMLEY, CAMBERLEY, SURREY, GU16 7EXCompany Number: 00229770
Incorporation date: 18-Apr-1928
Status: Active
Entity type: Private Limited Company
SIC codes:
30110 Building of ships and floating structures
SUMMARY
This company is 96.1 years old and is currently active. It is controlled by Bae Systems Marine (Holdings) Limited. The company has positive equity (net assets) of GBP 413.6 million which has increased from GBP -33.1 million in the previous year. The latest reported revenue figure is GBP 1.5 billion which is down -70% on the previous year. The company has 2 active officers (directors or partners) who are or were officers of 20 other companies, 3 (15.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are 3 court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 1,481,441,000 | 128,571,000 | 13,470,000 | 89,309,000 | ||
31-Dec-2018 | GBP | 4,332,928,000 | 139,886,000 | 16,668,000 | 123,942,000 | ||
31-Dec-2017 | GBP | 1,430,707,000 | 160,360,000 | 20,616,000 | 129,175,000 | ||
31-Dec-2016 | GBP | 1,263,900,000 | 98,200,000 | 19,800,000 | 78,200,000 | ||
31-Dec-2015 | GBP | 1,045,200,000 | 84,600,000 | 20,000,000 | 56,000,000 | ||
31-Dec-2014 | GBP | 843,800,000 | 41,200,000 | 38,100,000 | |||
31-Dec-2013 | GBP | 696,900,000 | -16,900,000 | 800,000 | -16,200,000 | ||
31-Dec-2012 | GBP | 680,800,000 | -43,400,000 | -46,300,000 | |||
31-Dec-2011 | GBP | 536,900,000 | -22,000,000 | -23,400,000 | |||
31-Dec-2009 | GBP | 304,600,000 | 9,700,000 | 7,900,000 | |||
31-Dec-2008 | GBP | 251,700,000 | -25,800,000 | -25,200,000 | |||
31-Dec-2007 | GBP | 119,000,000 | 12,800,000 | 152,600,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 650,888,000 | 136,764,000 | 413,637,000 | |||||
31-Dec-2018 | GBP | 136,764,000 | -33,079,000 | ||||||
31-Dec-2017 | GBP | 538,344,000 | 464,118,000 | 136,764,000 | -217,083,000 | ||||
31-Dec-2016 | GBP | 445,000,000 | 456,700,000 | 136,800,000 | -479,200,000 | ||||
31-Dec-2015 | GBP | 100,000 | 394,200,000 | 459,900,000 | 136,800,000 | -323,800,000 | |||
31-Dec-2014 | GBP | 400,000 | 352,800,000 | 434,800,000 | 8,300,000 | 136,800,000 | -129,300,000 | 75,000,000 | |
31-Dec-2013 | GBP | 2,100,000 | 317,400,000 | 412,700,000 | 17,800,000 | 136,800,000 | -167,400,000 | -30,600,000 | |
31-Dec-2012 | GBP | 500,000 | 342,900,000 | 452,500,000 | 600,000 | 136,800,000 | -151,200,000 | -14,400,000 | |
31-Dec-2011 | GBP | 500,000 | 321,100,000 | 392,700,000 | 700,000 | 136,800,000 | -104,900,000 | 31,900,000 | |
31-Dec-2009 | GBP | 800,000 | 297,000,000 | 309,600,000 | |||||
31-Dec-2008 | GBP | 300,000 | 261,800,000 | 273,400,000 | 1,000,000 | 136,800,000 | -72,000,000 | 64,800,000 | |
31-Dec-2007 | GBP | 700,000 | 444,700,000 | 426,900,000 | 136,800,000 | -46,900,000 | 89,900,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2017 | GBP | -0.03% | -36,000 | 136,800,000 | 136,764,000 | 136,782,000 |
31-Dec-2011 | GBP | 100.00% | 136,800,000 | 0 | 136,800,000 | 68,100,000 |
31-Dec-2009 | GBP | inf% | -136,800,000 | 136,800,000 | 0 | 68,350,000 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | David Stanley PARKES | 04 Jul 2000 | 17 Apr 2024 | British | 78 - 339 | |
Resigned | Eric Albert PEACHEY | 01 Jun 1997 | 04 Jul 2000 | 0 - 138 | ||
Resigned | John Peter Hawley BRUELL | 03 Jan 1996 | 31 May 1997 | 0 - 13 | ||
Resigned | Michael DAY | 23 Jan 1995 | 03 Jan 1996 | Chartered Secretary | British | 0 - 19 |
Resigned | Michael DAY | 03 Jan 1996 | 0 - 19 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Stephen Edward TIMMS | 01 Mar 2021 | Managing Director | British | 3 - 12 | 3 (20.0%) | |
Active | Gavin SCOTT | 01 Mar 2021 | Director | British | 7 - 2 | 1 (11.1%) | |
Resigned | Jamie Macrae COLLARD | 20 Nov 2018 | 01 Mar 2021 | Director | British | 0 - 5 | 0 (0.0%) |
Resigned | Gareth Jeffrey EDWARDS | 29 Jan 2018 | 20 Nov 2018 | Finance Director | British | 8 - 8 | 1 (6.3%) |
Resigned | Clifford Mark ROBSON | 08 Jan 2018 | 01 Mar 2021 | Managing Director | British | 0 - 5 | 2 (40.0%) |
Resigned | William James BLAMEY | 13 Apr 2017 | 08 Jan 2018 | Managing Director | British | 0 - 4 | 0 (0.0%) |
Resigned | Gavin James BAVERSTOCK | 01 Nov 2014 | 26 Jan 2018 | Finance Director | British | 0 - 8 | 1 (12.5%) |
Resigned | Tony JOHNS | 25 Oct 2013 | 13 Apr 2017 | Company Director | British | 0 - 5 | 1 (20.0%) |
Resigned | John Campbell HUDSON | 27 Feb 2009 | 25 Oct 2013 | Managing Director | British | 2 - 12 | 1 (7.1%) |
Resigned | Simon Daniel WOOD | 27 Jun 2008 | 01 Nov 2014 | Finance Director | British | 0 - 5 | 1 (20.0%) |
Resigned | Murray Simpson EASTON | 02 Nov 2006 | 27 Feb 2009 | Managing Director | British | 0 - 3 | 0 (0.0%) |
Resigned | Victor Reginald EMERY | 01 May 2003 | 27 Jun 2008 | Managing Director | British | 0 - 10 | 1 (10.0%) |
Resigned | Murray Simpson EASTON | 03 Jun 2002 | 11 Oct 2002 | Managing Director | British | 0 - 21 | 2 (9.5%) |
Resigned | Brian PHILLIPSON | 06 Mar 2002 | 01 May 2003 | Managing Director | British | 0 - 2 | 0 (0.0%) |
Resigned | Terence Keith, Sir MORGAN | 22 Jan 2001 | 05 Apr 2002 | Personnel Director | British | 2 - 30 | 8 (25.0%) |
Resigned | Simon Neil KIRBY | 01 Nov 2000 | 08 May 2002 | Director | British | 0 - 2 | 0 (0.0%) |
Resigned | Roger Keith ROBERTS | 01 Jul 2000 | 10 Jun 2004 | Operations Director | British | 0 - 5 | 1 (20.0%) |
Resigned | Rodney Andrew LEGGETTER | 01 Jul 2000 | 22 Jan 2001 | Group Managing Director | British | 0 - 10 | 2 (20.0%) |
Resigned | Robin John IMMS | 02 Aug 1999 | 01 May 2003 | Financial Director | British | 0 - 29 | 10 (34.5%) |
Resigned | David Anthony COLE | 02 Aug 1999 | 27 Jun 2008 | Financial Director | British | 2 - 17 | 5 (26.3%) |
Resigned | Alan Gordon MCNEILAGE | 30 Sep 1996 | 02 Aug 1999 | Finance Director | British | 0 - 18 | 9 (50.0%) |
Resigned | Robert Harry RIGBY | 15 Mar 1996 | 01 Nov 2000 | Managing Director | British | 0 - 5 | 1 (20.0%) |
Resigned | Brian Victor GEORGE | 01 Sep 1995 | 02 Aug 1999 | Chief Executive | British | 0 - 25 | 9 (36.0%) |
Resigned | Dennis Ernest GILBERT | 16 Feb 1995 | 06 Sep 1996 | Projects Director | British | 0 - 11 | 1 (9.1%) |
Resigned | Charles Noel, Sir DAVIES | 23 Jan 1995 | 02 Dec 1995 | Company Director | British | 0 - 24 | 11 (45.8%) |
Resigned | Robert David HOLDEN | 21 Dec 1993 | 30 Sep 1996 | Chartered Accountant | British | 8 - 43 | 22 (43.1%) |
Resigned | Raymond John Gwynmor DAVIES | 10 Feb 1993 | 01 Jul 2000 | Personnel & Quality Assurance | British | 0 - 12 | 5 (41.7%) |
Resigned | Peter Aquinas MARTIN | 05 Jun 1991 | 14 Aug 1998 | Commercial/Marketing Director | British | 0 - 12 | 3 (25.0%) |
Resigned | Julian Penry DAVIES | 11 Mar 1991 | 31 Aug 1993 | Finance And Computer Director | British | 0 - 14 | 7 (50.0%) |
Resigned | Gordon Esau HOWELL | 19 Jul 1993 | Managing Director | British | 0 - 5 | 2 (40.0%) | |
Resigned | Robert David HOLDEN | 30 Sep 1996 | Chartered Accountant | British | 8 - 43 | 22 (43.1%) | |
Resigned | Dennis Ernest GILBERT | 06 Sep 1996 | Projects Director | British | 0 - 11 | 1 (9.1%) | |
Resigned | Raymond John Gwynmor DAVIES | 01 Jul 2000 | Personnel & Quality Assurance | British | 0 - 12 | 5 (41.7%) | |
Resigned | Julian Penry DAVIES | 31 Aug 1993 | Finance And Computer Director | British | 0 - 14 | 7 (50.0%) | |
Resigned | Charles Noel, Sir DAVIES | 02 Dec 1995 | Company Director | British | 0 - 24 | 11 (45.8%) | |
Resigned | Anthony Cecil PEAK | 31 Dec 1995 | Deputy Chief Executive | British | 0 - 11 | 5 (45.5%) | |
Resigned | Norman Neill BROADHURST | 30 Jun 1994 | Joint Deputy Chief Executive ( | British | 0 - 47 | 15 (31.9%) | |
Resigned | Geoffrey Michael JAMES | 29 Apr 1994 | Project Dirctor-Tqm | British | 0 - 4 | 0 (0.0%) | |
Resigned | Peter Aquinas MARTIN | 14 Aug 1998 | Commercial/Marketing Director | British | 0 - 12 | 3 (25.0%) |
Average tenure of active directors: 3.1 years
Average tenure of resigned directors: 2.4 years
Average active director Dissolution Rate: 15.6%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2015-09-01 | 2014-09-01 | 2013-09-01 | 2012-09-01 | 2011-09-01 | ||
BAE SYSTEMS MARINE (HOLDINGS) LIMITED | ISSUED | 136,764,000 100% | 136,764,000 100% | 136,764,000 100% | 136,764,000 100% | 136,764,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
BAE SYSTEMS MARINE LIMITED
no controlled companies
LATE PAYMENTS REPORT
Start date | End date | Average days to pay | % invoices paid over 60 days | % invoices not paid within agreed terms | Gov.uk report |
---|---|---|---|---|---|
2023-07-01 | 2023-12-31 | 11 | 0% | 3% | 79779 |
2023-01-01 | 2023-06-30 | 11 | 1% | 0% | 73590 |
2023-01-01 | 2023-06-30 | 11 | 1% | 4% | 73695 |
2022-07-01 | 2022-12-31 | 12 | 1% | 4% | 67648 |
2022-01-01 | 2022-06-30 | 11 | 1% | 4% | 60609 |
2021-07-01 | 2021-12-31 | 12 | 1% | 4% | 53813 |
2021-01-01 | 2021-06-30 | 12 | 1% | 4% | 47993 |
2020-07-01 | 2020-12-31 | 13 | 2% | 3% | 40440 |
2020-01-01 | 2020-06-30 | 15 | 4% | 8% | 33499 |
2019-07-01 | 2019-12-31 | 15 | 4% | 9% | 26862 |
2019-01-01 | 2019-06-30 | 30 | 10% | 33% | 19439 |
2018-07-01 | 2018-12-31 | 28 | 7% | 24% | 10697 |
2018-01-01 | 2018-06-30 | 28 | 7% | 26% | 4875 |
COURT CASES
Date | Title | Reference | Subject |
---|---|---|---|
2018-12-05 | Mrs R Hodgson v BAE Systems Marine Ltd | [2018] UKET 2411822/2018 | Unfair Dismissal |
2018-10-01 | Miss L Wilson v BAE Systems Marine Ltd and Jim McLeish | [2018] UKET 2421375/2017 | Disability Discrimination |
2017-03-07 | Mr M Pratt v BAE Systems Marine Ltd | [2017] UKET 2406080/2016 | Disability Discrimination |
PATENTS
COMPETITORS
(Based on Sic code:
30110 Building of ships and floating structures)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
BAE SYSTEMS MARINE LIMITED | VICTORY POINT, LYON WAY, FRIMLEY, CAMBERLEY, SURREY, ENGLAND, GU16 7EX | 00229770 | 2017-12-31 | 1,430,707,000 | 129,175,000 | |
BAE SYSTEMS SURFACE SHIPS LIMITED | VICTORY POINT, LYON WAY, FRIMLEY, CAMBERLEY, SURREY, ENGLAND, GU16 7EX | 06160534 | 2017-12-31 | 1,382,513,000 | -3,616,000 | |
DEVONPORT ROYAL DOCKYARD LIMITED | DEVONPORT ROYAL DOCKYARD, DEVONPORT, PLYMOUTH, PL1 4SG | 02077752 | 2018-03-31 | 734,205,000 | 103,879,000 | |
BABCOCK MARINE (ROSYTH) LIMITED | ROSYTH BUSINESS PARK, ROSYTH, DUNFERMLINE, FIFE, KY11 2YD | SC333105 | 2018-03-31 | 312,073,000 | 12,730,000 | |
SUNSEEKER INTERNATIONAL LIMITED | SUNSEEKER HOUSE, WEST QUAY ROAD, POOLE, DORSET, BH15 1JD | 00675320 | 2017-12-31 | 289,132,000 | -1,644,000 | |
HOLYHEAD MARINE SERVICES LIMITED | NEWRY BEACH YARD, HOLYHEAD, ANGLESEY, LL65 1YB | 00895484 | 2018-03-31 | 6,910,444 | 0 | |
S JACKSON AND SONS BOAT BUILDERS LIMITED | THE OFFICES, 161, MANCHESTER ROAD, ACCRINGTON, ENGLAND, BB5 2NY | 10649484 | 2018-03-31 | 218,473 | 0 | |
ALUMINIUM BOATS EAST COAST LIMITED | 23 CHAPEL ROAD, TERRINGTON ST. CLEMENT, KING'S LYNN, UNITED KINGDOM, PE34 4ND | 09982306 | 2018-02-28 | 119,099 | 0 | |
PHILWISE LIMITED | 23 REDWOOD, EGHAM, ENGLAND, TW20 8SU | 01473790 | 2017-06-30 | 41,357 | 0 |
69201-Accounting and auditing activities 77330-Renting and leasing of office machinery and equipment (including computers) 77390-Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified |
CK PIPEFITTING LTD | 95B LETHAMHILL ROAD, RIDDRIE, GLASGOW, SCOTLAND, G33 2SF | SC511730 | 2018-07-31 | 30,112 | 0 | |
CHEVERTON SALES AND SERVICES LIMITED | MERIDIAN HOUSE HATTONBURN, CLYNDER, HELENSBURGH, ARGYLL AND BUTE, G84 0QL | SC217935 | 2018-04-30 | 8,550 | 0 |
30120-Building of pleasure and sporting boats |
POD BOATS LIMITED | THE SOLAR KINGFISHER CANALSIDE BEHIND 31 PRITCHATTS ROAD, EDGBASTON, BIRMINGHAM, B15 2TT | 08603484 | 2018-03-31 | 1,018 | 0 |
30120-Building of pleasure and sporting boats |
VOSPER THORNYCROFT (UK) LIMITED | 33 WIGMORE STREET, LONDON, W1U 1QX | 00070274 | 0000-00-00 | 0 | 0 |
82990-Other business support service activities not elsewhere classified |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
---|---|---|---|---|
BAE SYSTEMS MARINE LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.6% | 1.7% | 2.7% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.7% | 2.2% | 3.8% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |