withsecure limited
withsecure limited Company Information
Company Number
04451698
Next Accounts
Sep 2025
Shareholders
f-secure oyj
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
goat yard, 20 queen elizabeth street, london, SE1 2RJ
Website
www.mwrinfosecurity.comwithsecure limited Estimated Valuation
Pomanda estimates the enterprise value of WITHSECURE LIMITED at £30.5m based on a Turnover of £24.3m and 1.26x industry multiple (adjusted for size and gross margin).
withsecure limited Estimated Valuation
Pomanda estimates the enterprise value of WITHSECURE LIMITED at £15.5m based on an EBITDA of £1.8m and a 8.55x industry multiple (adjusted for size and gross margin).
withsecure limited Estimated Valuation
Pomanda estimates the enterprise value of WITHSECURE LIMITED at £0 based on Net Assets of £-2.8m and 2.25x industry multiple (adjusted for liquidity).
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Withsecure Limited Overview
Withsecure Limited is a live company located in london, SE1 2RJ with a Companies House number of 04451698. It operates in the other information technology service activities sector, SIC Code 62090. Founded in May 2002, it's largest shareholder is f-secure oyj with a 100% stake. Withsecure Limited is a mature, large sized company, Pomanda has estimated its turnover at £24.3m with low growth in recent years.
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Withsecure Limited Health Check
Pomanda's financial health check has awarded Withsecure Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £24.3m, make it larger than the average company (£7.4m)
£24.3m - Withsecure Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8%)
3% - Withsecure Limited
8% - Industry AVG
Production
with a gross margin of 59.9%, this company has a comparable cost of product (51.7%)
59.9% - Withsecure Limited
51.7% - Industry AVG
Profitability
an operating margin of 4.7% make it more profitable than the average company (3.5%)
4.7% - Withsecure Limited
3.5% - Industry AVG
Employees
with 255 employees, this is above the industry average (43)
255 - Withsecure Limited
43 - Industry AVG
Pay Structure
on an average salary of £77.7k, the company has an equivalent pay structure (£74.4k)
£77.7k - Withsecure Limited
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £95.3k, this is less efficient (£178.1k)
£95.3k - Withsecure Limited
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is near the average (52 days)
58 days - Withsecure Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (33 days)
6 days - Withsecure Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Withsecure Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Withsecure Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 115.2%, this is a higher level of debt than the average (64.7%)
115.2% - Withsecure Limited
64.7% - Industry AVG
WITHSECURE LIMITED financials
Withsecure Limited's latest turnover from December 2023 is £24.3 million and the company has net assets of -£2.8 million. According to their latest financial statements, Withsecure Limited has 255 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,297,887 | 21,579,854 | 23,457,748 | 22,391,431 | 33,219,919 | 27,827,590 | 21,597,176 | 15,458,592 | 10,037,167 | 7,081,565 | 5,406,301 | 4,582,601 | 3,551,622 | |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 9,739,439 | 10,461,249 | 10,528,204 | 10,410,731 | 20,032,378 | 11,712,853 | 8,975,305 | 6,661,672 | 4,949,403 | 3,288,069 | 2,247,297 | 2,072,938 | 1,621,185 | |
| Gross Profit | 14,558,448 | 11,118,605 | 12,929,544 | 11,980,700 | 13,187,541 | 16,114,737 | 12,621,871 | 8,796,920 | 5,087,764 | 3,793,496 | 3,159,004 | 2,509,663 | 1,930,437 | |
| Admin Expenses | 13,417,273 | 13,370,574 | 14,018,903 | 13,894,672 | 20,908,183 | 16,899,008 | 13,186,514 | 9,507,334 | 6,981,069 | 4,428,779 | 2,900,081 | 2,308,990 | 1,851,797 | |
| Operating Profit | 1,141,175 | -2,251,969 | -1,089,359 | -1,913,972 | -7,720,642 | -784,271 | -564,643 | -710,414 | -1,893,305 | -635,283 | 258,923 | 200,673 | 78,640 | |
| Interest Payable | 846,759 | 382,168 | 188,667 | 161,061 | 82,780 | 18,245 | 28,619 | 32,117 | 33,869 | 37,733 | 19,574 | 21,501 | ||
| Interest Receivable | 44,056 | 79,287 | 42,355 | 10,582 | 8,828 | 2,298 | 3,104 | 1,672 | ||||||
| Pre-Tax Profit | 1,480,917 | -1,535,486 | -661,006 | -2,075,033 | -7,803,422 | -758,460 | -513,975 | -679,584 | -1,916,592 | -664,188 | 241,647 | 159,438 | 80,312 | |
| Tax | 109,271 | 43,551 | 206,733 | -167,349 | -144,931 | 91,879 | 188,939 | 224,690 | -1,763 | 29,227 | 3,214 | |||
| Profit After Tax | 1,480,917 | -1,535,486 | -551,735 | -2,031,482 | -7,596,689 | -925,809 | -658,906 | -587,705 | -1,727,653 | -439,498 | 239,884 | 188,665 | 83,526 | |
| Dividends Paid | ||||||||||||||
| Retained Profit | 1,480,917 | -1,535,486 | -551,735 | -2,031,482 | -7,596,689 | -925,809 | -658,906 | -642,908 | -1,773,491 | -449,387 | 226,270 | 177,161 | 79,490 | |
| Employee Costs | 19,801,328 | 19,772,317 | 18,937,782 | 18,833,103 | 24,192,964 | 19,575,602 | 15,496,008 | 10,826,464 | 8,126,505 | 5,319,737 | ||||
| Number Of Employees | 255 | 247 | 266 | 271 | 265 | 377 | 278 | 201 | 157 | 102 | ||||
| EBITDA* | 1,815,580 | -1,652,198 | -500,256 | -1,227,299 | -6,738,054 | 14,074 | 58,061 | -292,849 | -1,612,286 | -485,648 | 353,473 | 298,345 | 149,265 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,521,328 | 692,852 | 599,749 | 1,149,268 | 1,298,371 | 1,648,711 | 1,174,885 | 870,632 | 682,566 | 419,276 | 139,982 | 144,827 | 134,225 | 56,548 |
| Intangible Assets | 979,040 | 1,284,646 | 28,967 | 18,470 | 12,076 | 147,572 | 150,522 | 62,259 | 38,213 | 13,299 | 4,959 | 9,593 | 64,993 | 91,582 |
| Investments & Other | 1,545,554 | 1,545,554 | 2,465,345 | 2,830,810 | 2,851,534 | 50 | ||||||||
| Debtors (Due After 1 year) | 1,286,757 | 3,173,688 | 974,149 | 312,337 | 302,809 | 238,361 | 436,193 | 115,232 | 117,482 | 122,709 | 9,071 | |||
| Total Fixed Assets | 5,332,679 | 6,696,740 | 4,068,210 | 4,310,885 | 4,464,790 | 2,034,644 | 1,761,600 | 1,048,123 | 838,261 | 555,284 | 154,012 | 154,420 | 199,218 | 148,180 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 3,895,984 | 4,879,836 | 3,472,636 | 4,061,083 | 4,024,086 | 4,385,848 | 3,278,871 | 3,275,523 | 1,920,318 | 1,176,984 | 1,136,041 | 831,373 | 383,185 | 695,542 |
| Group Debtors | 4,921,453 | 2,868,629 | 4,662,552 | 5,969,357 | 2,925,376 | |||||||||
| Misc Debtors | 4,023,206 | 3,881,165 | 2,714,295 | 1,626,438 | 2,276,128 | 2,755,852 | 2,689,081 | 2,462,422 | 1,335,518 | 867,005 | 364,808 | 183,270 | 218,697 | |
| Cash | 2,524 | 1,174,037 | 2,441,074 | 2,602,020 | 701,641 | 3,391,248 | 565,961 | 404,089 | 519,376 | 257,054 | ||||
| misc current assets | ||||||||||||||
| total current assets | 12,840,643 | 11,629,630 | 10,849,483 | 11,656,878 | 9,228,114 | 8,315,737 | 8,409,026 | 8,339,965 | 3,957,477 | 5,435,237 | 2,066,810 | 1,418,732 | 1,121,258 | 952,596 |
| total assets | 18,173,322 | 18,326,370 | 14,917,693 | 15,967,763 | 13,692,904 | 10,350,381 | 10,170,626 | 9,388,088 | 4,795,738 | 5,990,521 | 2,220,822 | 1,573,152 | 1,320,476 | 1,100,776 |
| Bank overdraft | 504,574 | 36,157 | 4,294 | 177,828 | 101,500 | 80,000 | 80,000 | |||||||
| Bank loan | 177,828 | 177,828 | 363,824 | |||||||||||
| Trade Creditors | 161,274 | 252,640 | 155,917 | 300,961 | 144,415 | 668,208 | 753,906 | 714,903 | 671,321 | 586,190 | 243,580 | 90,646 | 87,643 | 735,072 |
| Group/Directors Accounts | 4,102,211 | 2,866,256 | 3,300,836 | 2,249,168 | 3,205,110 | |||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 6,181,745 | 7,863,640 | 5,787,545 | 6,754,878 | 5,978,500 | 5,866,869 | 5,089,111 | 4,672,948 | 1,888,929 | 1,485,538 | 914,430 | 887,995 | 740,205 | |
| total current liabilities | 10,445,230 | 10,982,536 | 9,244,298 | 9,305,007 | 9,328,025 | 7,039,651 | 6,057,002 | 5,569,973 | 2,924,074 | 2,249,556 | 1,259,510 | 1,058,641 | 907,848 | 735,072 |
| loans | 10,085,000 | 11,585,000 | 7,700,000 | 8,547,342 | 4,487,342 | 175,933 | 353,761 | 531,589 | 620,503 | 372,167 | 153,554 | 233,852 | ||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | 403,341 | 679,075 | 269,359 | |||||||||||
| other liabilities | 57,301 | 50,936 | 299,443 | |||||||||||
| provisions | 10,255 | 8,202 | ||||||||||||
| total long term liabilities | 10,488,341 | 11,585,000 | 8,379,075 | 8,816,701 | 4,487,342 | 57,301 | 226,869 | 353,761 | 531,589 | 620,503 | 382,422 | 161,756 | 233,852 | 299,443 |
| total liabilities | 20,933,571 | 22,567,536 | 17,623,373 | 18,121,708 | 13,815,367 | 7,096,952 | 6,283,871 | 5,923,734 | 3,455,663 | 2,870,059 | 1,641,932 | 1,220,397 | 1,141,700 | 1,034,515 |
| net assets | -2,760,249 | -4,241,166 | -2,705,680 | -2,153,945 | -122,463 | 3,253,429 | 3,886,755 | 3,464,354 | 1,266,260 | 3,089,651 | 553,005 | 336,999 | 174,524 | 66,261 |
| total shareholders funds | -2,760,249 | -4,241,166 | -2,705,680 | -2,153,945 | -122,463 | 3,253,429 | 3,886,755 | 3,464,354 | 1,266,260 | 3,089,651 | 553,005 | 336,999 | 174,524 | 66,261 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,141,175 | -2,251,969 | -1,089,359 | -1,913,972 | -7,720,642 | -784,271 | -564,643 | -710,414 | -1,893,305 | -635,283 | 258,923 | 200,673 | 78,640 | |
| Depreciation | 368,799 | 388,193 | 574,029 | 674,150 | 890,941 | 676,629 | 571,767 | 388,825 | 275,902 | 146,349 | 88,488 | 61,104 | 42,411 | 27,970 |
| Amortisation | 305,606 | 211,578 | 15,074 | 12,523 | 91,647 | 121,716 | 50,937 | 28,740 | 5,117 | 3,286 | 6,062 | 36,568 | 28,214 | 15,773 |
| Tax | 109,271 | 43,551 | 206,733 | -167,349 | -144,931 | 91,879 | 188,939 | 224,690 | -1,763 | 29,227 | 3,214 | |||
| Stock | ||||||||||||||
| Debtors | -675,918 | 2,979,686 | -145,583 | 2,440,816 | 2,148,338 | 975,916 | 550,968 | 2,479,859 | 1,206,620 | 656,778 | 495,277 | 412,761 | -93,660 | 695,542 |
| Creditors | -91,366 | 96,723 | -145,044 | 156,546 | -523,793 | -85,698 | 39,003 | 43,582 | 85,131 | 342,610 | 152,934 | 3,003 | -647,429 | 735,072 |
| Accruals and Deferred Income | -1,278,554 | 1,397,020 | -557,617 | 1,045,737 | 111,631 | 777,758 | 416,163 | 2,784,019 | 403,391 | 571,108 | 26,435 | 147,790 | 740,205 | |
| Deferred Taxes & Provisions | -10,255 | 2,053 | 8,202 | |||||||||||
| Cash flow from operations | 1,121,578 | -3,138,141 | -948,063 | -2,422,281 | -9,091,821 | -437,131 | -182,672 | 146,772 | -2,141,445 | -14,273 | 37,855 | 73,806 | 338,915 | |
| Investing Activities | ||||||||||||||
| capital expenditure | -1,300,102 | -978,883 | -633,810 | -569,223 | -437,946 | |||||||||
| Change in Investments | -919,791 | -365,465 | -20,724 | 2,851,534 | -50 | 50 | ||||||||
| cash flow from investments | -1,300,102 | -978,883 | -633,810 | -569,223 | -437,946 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -177,828 | -185,996 | 363,824 | |||||||||||
| Group/Directors Accounts | 1,235,955 | -434,580 | 1,051,668 | -955,942 | 3,205,110 | |||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -1,500,000 | 3,885,000 | -847,342 | 4,060,000 | 4,487,342 | -175,933 | -177,828 | -177,828 | -88,914 | 248,336 | 218,613 | -80,298 | 233,852 | |
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -57,301 | 6,365 | 50,936 | -299,443 | 299,443 | |||||||||
| share issue | ||||||||||||||
| interest | -846,759 | -382,168 | -188,667 | -161,061 | -82,780 | 25,811 | 50,668 | 10,238 | -23,287 | -28,905 | -17,276 | -18,397 | 1,672 | |
| cash flow from financing | -1,110,804 | 3,068,252 | 15,659 | 2,942,997 | 11,773,168 | -29,102 | 1,005,083 | 2,487,416 | 201,723 | 3,205,464 | 191,073 | -113,381 | -35,146 | |
| cash and cash equivalents | ||||||||||||||
| cash | -2,524 | -1,171,513 | -1,267,037 | -160,946 | 1,900,379 | -2,689,607 | 2,825,287 | 161,872 | -115,287 | 262,322 | 257,054 | |||
| overdraft | -504,574 | 468,417 | 31,863 | 4,294 | -177,828 | 76,328 | 21,500 | 80,000 | ||||||
| change in cash | -2,524 | -666,939 | -1,735,454 | -192,809 | 1,896,085 | -2,511,779 | 2,748,959 | 140,372 | -115,287 | 182,322 | 257,054 |
withsecure limited Credit Report and Business Information
Withsecure Limited Competitor Analysis
Perform a competitor analysis for withsecure limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.
withsecure limited Ownership
WITHSECURE LIMITED group structure
Withsecure Limited has no subsidiary companies.
Ultimate parent company
F-SECURE OYJ
#0101303
1 parent
WITHSECURE LIMITED
04451698
withsecure limited directors
Withsecure Limited currently has 4 directors. The longest serving directors include Ms Tiina Sarhimaa (Aug 2021) and Mr Scott Reininga (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Tiina Sarhimaa | England | 49 years | Aug 2021 | - | Director |
| Mr Scott Reininga | United Kingdom | 53 years | May 2023 | - | Director |
| Mrs Victoria Murphy | United Kingdom | 47 years | Dec 2023 | - | Director |
| Mr James Dyson | England | 50 years | Jan 2024 | - | Director |
P&L
December 2023turnover
24.3m
+13%
operating profit
1.1m
-151%
gross margin
60%
+16.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.8m
-0.35%
total assets
18.2m
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
withsecure limited company details
company number
04451698
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
May 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
f-secure cyber security limited (February 2022)
mwr infosecurity limited (August 2019)
accountant
-
auditor
MHA
address
goat yard, 20 queen elizabeth street, london, SE1 2RJ
Bank
-
Legal Advisor
-
withsecure limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 6 charges/mortgages relating to withsecure limited. Currently there are 0 open charges and 6 have been satisfied in the past.
withsecure limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for WITHSECURE LIMITED. This can take several minutes, an email will notify you when this has completed.
withsecure limited Companies House Filings - See Documents
| date | description | view/download |
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