BAE SYSTEMS MARINE LIMITED
Company Information
- Company Number
- 00229770
- Registered Address
- Victory Point, Lyon Way, Frimley, Camberley, Surrey, England, GU16 7EX
- Status
- Active
- Employee Count
- 9,686
- Turnover
- £1,929,415,000
- EBITDA
- £211,608,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 April 1928
- Nature of Business
- 30110 - Building of ships and floating structures
- Industries
- Travel And Transportation
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 11 | 98% | 2% | 0% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 11 | 97% | 2% | 1% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 11 | 96% | 3% | 1% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 12 | 96% | 3% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 15 | 91% | 5% | 4% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 15 | 90% | 6% | 4% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 30 | 72% | 18% | 10% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 28 | 79% | 14% | 7% | 24% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The full text of our 2025 Standard Conditions of Purchase can be found at: https://www.baesystems.com/en-uk/what-we-do/suppliers/united-kingdom. BAE Systems Marine Limited's standard sub-contract payment terms reflect these terms. However, in accordance with our major prime contract obligations, a large proportion of our sub-contracts provide for payment within thirty (30) calendar days calculated from receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
It is not precisely known when payments actually credit into a supplier’s bank account (we do not have systems that accurately record this event). Therefore for the production of the disclosed statistics, we have made a reasoned estimation of when payments have cleared into a supplier's bank account. Where an invoice has been settled through the matching of a credit note, this invoice is not included in the payment statistics. If there is a partial match of a credit note against an invoice, the payment of the remainder of the invoice is included in the payment statistics.
Maximum contractual payment period agreed
45
Dispute Resolution Process
As per our standard conditions of purchase, if a payment dispute arises, then the parties are required to follow a disputed invoicing process and use reasonable endeavours to resolve the dispute amicably. Any disputes that cannot be resolved are subject to arbitration. Our full dispute resolution process can be found in Clauses 9 and 35 of the 2025 Standard Conditions of Purchase at: https://www.baesystems.com/en-uk/what-we-do/suppliers/united-kingdom
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
BAE Systems Marine Limited is a leading global defense, security, and aerospace company headquartered in London, United Kingdom. The company specializes in designing, manufacturing, and supporting advanced military ships, submarines, and other maritime technology for governments and commercial customers worldwide.
As part of their sustainability program, BAE Systems Marine Limited is committed to reducing their environmental impact and promoting sustainable practices throughout their operations. This includes reducing waste, minimizing energy consumption, and using sustainable materials in their products.
One of their key products is the Type 26 Global Combat Ship, a state-of-the-art warship designed for the UK Royal Navy. This versatile ship can perform a variety of missions, including anti-submarine warfare, air defense, and humanitarian aid operations. BAE Systems Marine Limited also offers a range of other naval vessels, including frigates, patrol boats, and support ships.
The company is led by a team of experienced professionals, including Chief Executive Officer Jennifer Osbaldestin and Chairman Sir Roger Carr. They are committed to driving innovation, delivering excellence, and ensuring the company's sustainability goals are met.
To learn more about BAE Systems Marine Limited and their products and services, individuals can visit their website at www.baesystems.com/marine. The company's registered office address is located at 6 Carlton Gardens, London, SW1Y 5AD, United Kingdom.
