NETSPARKER LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-14 (in 2mo)
Last made up 2025-06-30
Watchouts
None on the register
Cash
£45K
USD 59,817
-81.2% vs 2023
Net assets
£3M
USD 3,834,110
+291.1% vs 2023
Employees
12
-20% vs 2023
Profit before tax
£2M
USD 2,847,333
-68.4% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £21,238,359 | £3,431,870 | |
| Operating profit | £6,728,570 | £2,128,492 | |
| Profit before tax | £6,728,743 | £2,128,529 | |
| Net profit | £6,473,472 | £2,133,296 | |
| Cash | £237,568 | £44,716 | |
| Total assets less current liabilities | £1,284,775 | £2,870,549 | |
| Net assets | £732,900 | £2,866,196 | |
| Equity | £732,900 | £2,866,196 | |
| Average employees | 15 | 12 | |
| Wages | £1,510,136 | £648,299 | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-83.8%
£21,238,359 £3,431,870
-
Cash
-81.2%
£237,568 £44,716
-
Net assets
+291.1%
£732,900 £2,866,196
-
Employees
-20%
15 12
-
Operating profit
-68.4%
£6,728,570 £2,128,492
-
Profit before tax
-68.4%
£6,728,743 £2,128,529
-
Wages
-57.1%
£1,510,136 £648,299
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 31.7% | 62.0% | |
| Net margin | 30.5% | 62.2% | |
| Return on capital employed | 523.7% | 74.1% | |
| Gearing (liabilities / total assets) | 95.5% | 69.4% | |
| Current ratio | 1.08x | 1.44x |
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
- NETSPARKER LIMITED 2013-12-09 → present
- MAVITUNA SECURITY LIMITED 2009-06-30 → 2013-12-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving these financial statements, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company also has group financial support available in case of financial difficulties. Accordingly, the directors do not consider there to be any material uncertainty relating to the Company's ability to continue as a going concern and thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- NETSPARKER LIMITED · parent
- Netsparker Yazılım Gelistirme Ve Arastirma Hizmetleri Limited Şirketi 100%
Significant events
- “On 1st January 2024, the Company entered into new transfer pricing agreements with related parties.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GONZI, Karl | Director | 2022-04-18 | Oct 1987 | Maltese |
| MANDEL, John Robert | Director | 2023-04-11 | May 1963 | American |
| RAPINETT, Kurt | Director | 2022-04-18 | Dec 1988 | Maltese |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDGELER, Peter Frederick | Secretary | 2009-06-30 | 2017-12-15 |
| ANG, Dominic | Director | 2017-12-15 | 2022-04-18 |
| BRAY, Jeffrey Martin | Director | 2022-04-18 | 2023-04-07 |
| CALLEJA, Joseph | Director | 2021-04-01 | 2022-04-18 |
| EDGELER, Peter Frederick | Director | 2009-06-30 | 2017-12-15 |
| MAVITUNA, Ferruh | Director | 2020-05-28 | 2021-04-01 |
| MAVITUNA, Ferruh | Director | 2009-06-30 | 2017-12-15 |
| SORGEL, Chase | Director | 2017-12-15 | 2022-04-18 |
| GREAT WAVE LIMITED | Corporate Director | 2018-01-03 | 2020-05-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Netsparker Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-15 | Active |
| Mr Ferruh Mavituna | Individual | Shares 50–75% | 2016-06-30 | Ceased 2017-12-15 |
Filing timeline
Last 20 of 84 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-10 | AA | accounts | Accounts with accounts type full | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | CH01 | officers | Change person director company with change date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-07-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-04 | CH01 | officers | Change person director company with change date | |
| 2024-07-04 | CH01 | officers | Change person director company with change date | |
| 2023-10-13 | AA | accounts | Accounts with accounts type full | |
| 2023-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-15 | CH01 | officers | Change person director company with change date | |
| 2023-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-19 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.