NETSPARKER HOLDINGS LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

DeanCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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”

Group structure

1. NETSPARKER HOLDINGS LIMITED · parent
   1. Netsparker Limited 100% · United Kingdom
   2. Netsparker Yazılım Geliştirme Ve Araştırma Hizmetleri Limited Şirketi 100% · Turkey
   3. Invicti Security Corp 100% · United States
   4. Invicti Security Limited 100% · Malta
   5. Invicti Security S.r.o 100% · Czech Republic

Significant events

• “Group registered an operating profit of US$ 20 million (2023: US$ 11.6 million) which is mainly attributable to an increase in revenue as well as a reduction in operating expenses as a result of strategic cutbacks of certain overheads.”
• “Turkey is deemed to be operating in a highly inflationary economy...the Group applied the requirements of FRS 102 regarding the accounting for a hyperinflation economy with an effective date of 1 January 2023.”
• “During the year ended 31 December 2023, modifications were made to the original terms of certain Incentive Units. The approved modified terms were the following: Participation Threshold was lowered... and Performance vesting criteria has been reduced.”
• “During the year ended 31 December 2023 the Ultimate Parent repurchased 300,000 Series A-2 units from a former executive for $2.5 million.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +1.8%

  £57,669,385 → £58,724,981

• Cash

  -18%

  £9,409,192 → £7,714,603

• Net assets

  +215.4%

  -£3,143,810 → £3,629,355

• Employees

  -11%

  318 → 283

• Operating profit

  +72.3%

  £8,598,221 → £14,818,384

• Profit before tax

  +68.9%

  £8,830,245 → £14,914,752

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