Frazer-Nash Consultancy

Frazer-Nash Consultancy's tracked UK defence book is 67 public contracts since February 2015, of which 66 carry a direct GBP value totalling £136.6M — rank #106 of 4,281 tracked UK defence suppliers. The striking feature is buyer concentration: 35 of the 67 tracked awards name the Ministry of Defence itself as buyer of record (85.7% of the directly-valued total), and a further 29 go to Dstl, the MoD's own science and technology laboratory (13.9%). This is effectively a single-customer defence book.

The headline that value alone misses is the November 2024 place on Naval Design Partnering — Successor (NDP-S), a framework with a published £4.5bn ceiling. It is held out of the totals above because a framework place is not paid revenue — but it is the vehicle the maritime work now flows through, and the four PDaTS post-design call-off notices published in December 2025 at £0 show exactly that: activity is migrating to call-offs whose value the notices no longer disclose.

Two things merit monitoring. First, with effectively all tracked value inside the MoD and its agencies, any shift in MoD maritime engineering priorities moves the entire book — the relevant signal is competitor call-offs under NDP-S and PDaTS, not new frameworks. Second, GLEIF records no consolidating parent for Frazer-Nash's LEI, while the company is, on the public record, a KBR Inc. (US) company — a reminder that the ownership picture behind UK defence engineering suppliers is often invisible in the registries buyers actually check.