BAE SYSTEMS GLOBAL COMBAT SYSTEMS MUNITIONS LIMITED
Company Information
- Company Number
- 01842252
- Registered Address
- Victory Point, Lyon Way, Frimley, Camberley, Surrey, England, GU16 7EX
- Status
- Active
- Employee Count
- 1,045
- Turnover
- £258,590,000
- EBITDA
- £43,117,000
Additional Details
- Website
- https://basystems.com
- Company Type
- Private limited Company
- Incorporated On
- 20 August 1984
- Nature of Business
- 25400 - Manufacture of weapons and ammunition
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 | 14 | 88% | 12% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 13 | 90% | 10% | 0% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 14 | 88% | 12% | 0% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 19 | 72% | 27% | 1% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 26 | 68% | 25% | 7% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 27 | 71% | 22% | 7% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 24 | 75% | 17% | 8% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 22 | 86% | 7% | 7% | 11% |
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
Our 2025 Standard Conditions of Purchase provide for payment at the end of the month following the month in which an invoice is received, subject to (i) a valid invoice being properly provided by the supplier and (ii) the relevant Supplies being delivered and accepted by us, in accordance with the contract. The full text of the standard payment term can be located in Clause 9 of the 2025 Standard Conditions of Purchase at: https://www.baesystems.com/en-uk/suppliers/air-sector Whilst the company does contract certain of its material business on the basis of programme-specific bespoke terms and conditions, the relevant payment terms are largely consistent with those contained within the Standard Conditions of Purchase.
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 records 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. The Company implemented a new ERP system at the end of 2024. As part of our preparation activities all approved vendor invoices were settled before the system migration, including those that were not yet due, to mitigate any potential impact to our suppliers. Following the migration a number of system routing and approval issues caused a reduction in performance against our supplier payment performance metrics. The Company worked hard to address these in the current reporting period and are aiming to return to full compliance in the next reporting period.
Maximum contractual payment period agreed
61
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 GLOBAL COMBAT SYSTEMS MUNITIONS LIMITED is a leading global company in the defense, security, and aerospace industries
The company specializes in the design, development, and manufacture of advanced munitions and combat systems.\n\nTheir sustainability program is focused on reducing their environmental impact, promoting ethical and responsible business practices, and supporting the communities in which they operate
They have set ambitious targets for reducing their carbon footprint and waste generation, and have implemented various initiatives to achieve these goals.\n\nSome of their main products and services include precision-guided munitions, small arms ammunition, and missile systems
These products are used by armed forces around the world to enhance their capabilities and protect national security
The company also provides support and maintenance services for their products to ensure their longevity and effectiveness.\n\nKey people in the company include the Chairman, Nick Rose, and the Managing Director, Craig Fennell
They lead a team of highly skilled and experienced professionals who are dedicated to providing innovative and high-quality solutions to their customers.\n\nBAE SYSTEMS GLOBAL COMBAT SYSTEMS MUNITIONS LIMITED is headquartered in Farnborough, Hampshire, United Kingdom
Their registered office address is in London and their website address is www.baesystems.com/en/home
The company is committed to maintaining the highest standards of performance, sustainability, and ethical conduct in all aspects of their business
