TRUSTWAVE HOLDINGS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-02 (in 3mo)
Last made up 2025-07-19
Watchouts
Cash
£382K
-11.9% vs 2024
Net assets
£23M
0% vs 2024
Employees
55
+5.8% vs 2024
Profit before tax
£75K
-49.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £17,605,232 | £19,250,879 | |
| Operating profit | — | — | — | £145,744 | £74,545 | |
| Profit before tax | — | — | — | £147,700 | £74,508 | |
| Net profit | — | -£20,000 | — | -£124,614 | £476 | |
| Cash | — | £259,662 | — | £433,975 | £382,124 | |
| Total assets less current liabilities | — | — | — | £24,141,063 | £23,813,909 | |
| Net assets | — | £8,952,699 | — | £22,652,803 | £22,656,959 | |
| Equity | £6,766,472 | £26,858,097 | £8,952,700 | £22,652,803 | £22,656,959 | |
| Average employees | — | 61 | — | 52 | 55 | |
| Wages | — | — | — | £8,650,317 | £8,582,115 | |
| Directors' remuneration | — | — | — | £255,612 | £256,186 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+9.3%
£17,605,232 £19,250,879
-
Cash
-11.9%
£433,975 £382,124
-
Net assets
0%
£22,652,803 £22,656,959
-
Employees
+5.8%
52 55
-
Operating profit
-48.9%
£145,744 £74,545
-
Profit before tax
-49.6%
£147,700 £74,508
-
Wages
-0.8%
£8,650,317 £8,582,115
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 0.8% | 0.4% | |
| Net margin | — | — | — | -0.7% | 0.0% | |
| Return on capital employed | — | — | — | 0.6% | 0.3% | |
| Gearing (liabilities / total assets) | — | 17.9% | — | 63.6% | 67.7% | |
| Current ratio | — | — | — | 1.63x | 1.51x | |
| Interest cover | — | — | — | — | 2014.73x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- TRUSTWAVE HOLDINGS LIMITED 2007-10-29 → present
- AMBIRONTRUSTWAVE LIMITED 2005-07-19 → 2007-10-29
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- ZEDRA Audit & Assurance (UK) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- TRUSTWAVE HOLDINGS LIMITED · parent
- Trustwave Limited 100%
- Trustwave Security Solutions Proprietary Limited 100%
- M86 Security International Ltd 100%
Significant events
- “On 23 June 2025, MC2 Titanium, LLC ("MC2") and Trustwave Holdings, Inc. ("TWH") entered into a share transfer agreement with AlienVault, Inc. ("AlienVault"), transferring all of MC2's interest in TWH to AlienVault. The actual transfer of MC2's entire interest in TWH was completed at the closing of the transaction on 15 August 2025. Following the acquisition, LevelBlue, LLC became the ultimate parent of the Company.”
- “The Trustwave Group was acquired by LevelBlue in August 2025, becoming part of the world's largest independent pure-play Managed Security Services Provider (MSSP).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2025-09-18 | — | — |
| MCCULLEN, Robert Jeffrey | Director | 2025-08-18 | Oct 1964 | American |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORPORATION SERVICE COMPANY (UK) LIMITED | Corporate Secretary | 2023-12-06 | 2025-09-18 |
| F&L LEGAL LLP | Corporate Secretary | 2010-01-01 | 2013-08-09 |
| WRIGHTS SECRETARIES LIMITED | Corporate Secretary | 2005-07-19 | 2010-01-01 |
| ZEDRA COSEC (UK) LIMITED | Corporate Secretary | 2013-08-09 | 2024-02-21 |
| BOKOR, Andrew Ross | Director | 2010-02-15 | 2014-06-02 |
| BOKOR, Andrew Ross | Director | 2005-07-19 | 2007-08-22 |
| BUTLER, Mark Richard | Director | 2014-04-04 | 2019-03-05 |
| CHANG, York Chye | Director | 2018-07-20 | 2019-07-10 |
| CHOI, Justin | Director | 2011-08-10 | 2012-05-25 |
| HARMON, Eric | Director | 2022-02-15 | 2025-08-18 |
| ISERLOTH, Mark Andrew | Director | 2008-04-01 | 2012-07-20 |
| KALBFLEISCH, Corey Wayne | Director | 2007-08-22 | 2008-04-01 |
| LEWIS, Annabel Rose | Director | 2014-04-04 | 2018-07-20 |
| MCCULLEN, Robert Jeffrey | Director | 2005-07-19 | 2018-07-20 |
| NEISLER, Matthew David | Director | 2019-07-10 | 2020-07-31 |
| O'CONNELL, Barry | Director | 2022-02-15 | 2025-08-18 |
| QUAH, Kung Yang | Director | 2018-07-20 | 2019-07-10 |
| SMITH, Joel Benjamin | Director | 2019-07-10 | 2022-02-15 |
| SMITH, Phillip John | Director | 2007-08-22 | 2011-08-10 |
| SUTTER, Thomas James | Director | 2012-05-01 | 2014-04-04 |
| WALLACE, Brooks | Director | 2005-07-19 | 2007-08-22 |
| WALLACE, Richard Brooks | Director | 2011-08-10 | 2012-05-01 |
| WONG, Arthur | Director | 2018-05-16 | 2020-11-01 |
| WOO, William Siew Wing | Director | 2015-12-31 | 2018-07-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Robert Jeffrey Mccullen | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2025-08-15 | Active |
| Singapore Minister For Finance | Legal person | Shares 50–75%, Voting 50–75% | 2020-11-08 | Ceased 2024-01-04 |
Filing timeline
Last 20 of 146 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | AA | accounts | Accounts with accounts type full | |
| 2025-10-01 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-01 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-09-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-24 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AA | accounts | Accounts with accounts type full | |
| 2024-12-03 | AA | accounts | Accounts with accounts type full | |
| 2024-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-30 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-01-15 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-01-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-05 | CH04 | officers | Change corporate secretary company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.