BAE SYSTEMS SURFACE SHIPS LIMITED
Company Information
- Company Number
- 06160534
- Registered Address
- Victory Point, Lyon Way, Frimley, Camberley, Surrey, England, GU16 7EX
- Status
- Active
- Employee Count
- 7,293
- Turnover
- £1,426,254,000
- EBITDA
- £112,153,000
Additional Details
- Website
- https://baesystems.com
- Company Type
- Private limited Company
- Incorporated On
- 14 March 2007
- Nature of Business
- 30110 - Building of ships and floating structures
- Industries
- Education,Professional Services,Property,Infrastructure And Construction,Safety And Security,Supply Chain,Manufacturing And Commerce Models,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 | 12 | 98% | 1% | 1% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 12 | 98% | 2% | 0% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 15 | 96% | 3% | 1% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 16 | 93% | 5% | 2% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 22 | 85% | 9% | 6% | 23% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 20 | 84% | 10% | 6% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 25 | 82% | 9% | 9% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 23 | 80% | 13% | 7% | 25% |
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 Surface Ships 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
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 SURFACE SHIPS LIMITED is a British company that specializes in the design, development, and manufacture of surface ships for the UK Royal Navy and other international customers. The company is a part of BAE Systems, one of the world's largest defense contractors.
The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. This includes reducing waste, water and energy usage, and promoting sustainable procurement practices. BAE SYSTEMS SURFACE SHIPS LIMITED also invests in research and development to develop more sustainable solutions for its products and services.
The company's main products include the Type 45 destroyers, the Queen Elizabeth-class aircraft carriers, and the Type 26 frigates. These ships are designed to meet the latest operational requirements and incorporate advanced technologies for increased efficiency and improved sustainability.
The key people at BAE SYSTEMS SURFACE SHIPS LIMITED include Jennifer Osbaldestin, the Managing Director, and Richard Williams, the Director of Engineering. They lead a team of highly skilled engineers and technicians who are responsible for the design, development, and manufacture of the company's ships.
For more information on BAE SYSTEMS SURFACE SHIPS LIMITED, including their sustainability program and products, you can visit their website at www.baesystems.com/surfaceships. The company's registered office address is located at 6 Carlton Gardens, London, SW1Y 5AD, United Kingdom.
