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Cash

£98K

Latest balance sheet

Net assets

£1.5M

+75.8% highest in 3 filed years

Employees

48

-47.3% vs 2024

Profit before tax

-£307K

-125.1% vs 2024

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-01-30

Metric Trend 2022-01-312024-01-302025-01-30 Δ vs prior
Turnover £23,560,760£6,106,164 -74.1%
Operating profit £1,541,357£399,469 -74.1%
Profit before tax £1,219,785-£306,746 -125.1%
Net profit £432,255£478,591 +10.7%
Cash £848,067£97,685
Total assets less current liabilities £1,205,269£858,254£1,508,606 +75.8%
Net assets £256,051£858,254£1,508,606 +75.8%
Equity £858,254£1,508,606 +75.8%
Average employees 459148 -47.3%
Wages £13,796,020£7,065,908 -48.8%
Directors' remuneration

Values shown as filed in the company's annual accounts. 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 2022-01-312024-01-302025-01-30
Operating margin 6.5%6.5%
Net margin 1.8%7.8%
Return on capital employed 179.6%26.5%
Current ratio 3.68x
Interest cover 4.79x0.71x

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.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
UHY Hacker Young (S.E.) Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Company operates as a cost plus entity. The Directors have reasonable expectation that the Company will continue in existence for the foreseeable future. The Directors are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements on the basis that the ultimate parent company Fortinet Inc. will continue to support the Company to meet maturing obligations for a period of at least 12 months following the approval of these financial statements.”

Group structure

  1. LACEWORK EMEA LTD · parent
    1. Lacework France SAS 100% · France · IT Security
    2. Lacework Singapore PTE. Ltd 100% · Singapore · IT Security
    3. Lacework Netherlands B.V. 100% · Netherlands · IT Security
    4. Lacework Australia Pty Ltd 100% · Australia · IT Security
    5. Lacework Ireland Ltd 100% · Ireland · IT Security
    6. Lacework Germany GmbH 100% · Germany · IT Security
    7. Lacework Iceland ehf. 100% · Iceland · IT Security
    8. Lacework Switzerland GmbH 100% · Switzerland · IT Security
    9. Lacework Sweden AB 100% · Sweden · IT Security
    10. Lacework Security India Private Limited 90% · India · IT Security

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

2 active · 9 resigned

Name Role Appointed Born Nationality
CAYANAN, Lindsey Marie Director 2026-04-02 Oct 1981 American
OHLGART, Margrit Christiane Director 2024-08-01 Dec 1967 American
Show 9 resigned officers
Name Role Appointed Resigned
NUCLEUS NEWPORT LIMITED Corporate Secretary 2020-10-06 2023-10-06
CLAY, David Shawn Director 2020-10-06 2023-10-16
FITZGERALD, Joseph Thomas Director 2023-10-16 2024-08-02
HUBBARD, Daniel Lyle Director 2020-10-06 2021-05-11
MULVANEY, Alan James Director 2023-10-16 2024-08-02
POLLARD, Brian Alan Director 2024-08-01 2026-02-24
SLOCUM, Patrick James, Mr. Director 2021-05-11 2024-08-02
STAIGER, Michael Owen Director 2021-05-11 2022-05-18
WALTON, Christopher Scott, Mr. Director 2022-05-17 2023-06-20

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Fortinet, Inc. Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2024-08-01 Active
Lacework, Inc Corporate entity Shares 75–100%, Appoints directors 2020-10-06 Ceased 2024-08-01

Filing timeline

Last 20 of 39 total filings

Date Type Category Description
2026-04-08 AP01 officers Appoint person director company with name date PDF
2026-04-08 TM01 officers Termination director company with name termination date PDF
2026-02-06 AA accounts Accounts with accounts type full
2025-10-16 CS01 confirmation-statement Confirmation statement with updates PDF
2025-04-28 AA accounts Accounts with accounts type full
2025-01-31 AA01 accounts Change account reference date company current shortened PDF
2024-12-05 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2024-12-05 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2024-10-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-10-14 AD01 address Change registered office address company with date old address new address PDF
2024-09-04 TM01 officers Termination director company with name termination date PDF
2024-09-03 TM01 officers Termination director company with name termination date PDF
2024-09-03 TM01 officers Termination director company with name termination date PDF
2024-09-03 AP01 officers Appoint person director company with name date PDF
2024-09-03 AP01 officers Appoint person director company with name date PDF
2024-03-20 AA accounts Accounts with accounts type full
2023-10-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-10-16 AP01 officers Appoint person director company with name date PDF
2023-10-16 AP01 officers Appoint person director company with name date PDF
2023-10-16 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page