MUSARUBRA UK SUBSIDIARY 3 LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. In considering the going concern assumption, the directors note that the Company's balance sheet at year end shows net current liabilities of $41,240,208 (2023: $43,350,984). The directors have received confirmation that Musarubra US LLC, a fellow group undertaking incorporated in the US will support the Company for a period of at least one year from the date of signing the financial statements and the directors are satisfied the ultimate parent company has the ability to do so.”

Group structure

1. MUSARUBRA UK SUBSIDIARY 3 LTD · parent
   1. Musarubra Canada ULC 100% · Canada · Sales and Marketing and R&D
   2. Musarubra Netherlands B.V. 100% · Netherlands · Sales and Marketing
   3. Musarubra Technologies UK Limited 100% · United Kingdom · Research and Development
   4. Trellix Malaysia 100% · Malaysia · Sales and Marketing
   5. Trellix Vietnam Company Limited 100% · Vietnam · Sales and Marketing
   6. Trellix Hong Kong Security Limited 100% · Hong Kong · Sales and Marketing
   7. Trellix South Africa Proprietary Limited 100% · South Africa · Sales and Marketing
   8. Musarubra Korea Limited 100% · Korea · Sales and Marketing
   9. FireEye Security UK Ltd 100% · United Kingdom · Dormant

Significant events

• “Subsequent to the balance sheet date, the Company's Board of Directors made a decision to replace certain Chief Executives of the Company. On January 21, 2025, the Chief Executive Officer (CEO), Bryan Palma, transitioned to an Advisor role and was replaced by Vishal Rao, the CEO of Skyhigh Security. On February 17, 2025, the Chief Legal Officer (CLO), Tara Flanagan, was replaced by Joe Gonyea, and the Chief Financial Officer (CFO), Yuneeb Khan, was replaced by James Denena, the CFO of Skyhigh Security. These changes were instigated by the Board as part of a strategic redirection for the company.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -33.2%

  £26,016,690 → £17,380,924

• Cash

  -9.3%

  £361,862 → £328,217

• Net assets

  -35%

  -£5,862,432 → -£7,913,584

• Employees

  -27.2%

  125 → 91

• Operating profit

  +88.5%

  £553,656 → £1,043,580

• Profit before tax

  +77.5%

  -£8,747,473 → -£1,967,940

• Wages

  -35%

  £15,437,779 → £10,032,675

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