NETSPARKER LIMITED
Netsparker Limited develops and provides the Netsparker web application security scanner, operating as part of the wider Invicti Security group.
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Cash
£46k
USD 61,827
-3.6% lowest in 3 filed years
Net assets
£4.6m
USD 6,140,315
+49.3% highest in 3 filed years
Employees
14
+16.7% vs 2024
Profit before tax
£2.1m
USD 2,825,241
-7.5% lowest in 3 filed years
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £22,296,777 | £3,653,941 | £4,128,724 | +13% | |
| Operating profit | £7,063,889 | £2,266,224 | £2,096,720 | -7.5% | |
| Profit before tax | £7,064,072 | £2,266,263 | £2,096,654 | -7.5% | |
| Net profit | £6,796,079 | £2,271,339 | £1,711,469 | -24.6% | |
| Cash | £249,407 | £47,610 | £45,883 | -3.6% | |
| Total assets less current liabilities | £1,348,802 | £3,056,299 | £4,556,820 | +49.1% | |
| Net assets | £769,424 | £3,051,663 | £4,556,820 | +49.3% | |
| Equity | £769,424 | £3,051,663 | £4,556,820 | +49.3% | |
| Average employees | 15 | 12 | 14 | +16.7% | |
| Wages | £1,585,394 | £690,249 | £934,894 | +35.4% | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 31.7% | 62.0% | 50.8% | |
| Net margin | 30.5% | 62.2% | 41.5% | |
| Return on capital employed | 523.7% | 74.1% | 46.0% | |
| Gearing (liabilities / total assets) | 95.5% | 69.4% | 57.5% | |
| Current ratio | 1.08x | 1.44x | 1.74x |
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
“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 Yazilim Gelistirme Ve Arastirma Hizmetleri Limited Sirketi 100%
Significant events
- “On 1st January 2024, the Company entered into new transfer pricing agreements with related parties. These agreements consist of intellectual property license agreements, a research and development services agreement, and a sales-services agreement. The new agreements supersede and replace all prior transfer pricing arrangements related to distribution income and the recharging of various expenses, including salaries, subscriptions, marketing, and other operational costs between 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 86 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 |
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.