BARRACUDA NETWORKS LIMITED
Operating as the UK subsidiary of the KKR-backed American group Barracuda Networks, the company provides cloud-based cybersecurity, networking, and data storage solutions.
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Cash
£3.9m
+1,200.8% vs 2025
Net assets
£5.4m
+15.5% highest in 6 filed years
Employees
198
+0.5% vs 2025
Profit before tax
£1.3m
-12.6% first positive since 2021
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £17,236,804 | £20,597,631 | £28,462,933 | £31,451,029 | £30,668,072 | £28,280,658 | -7.8% | |
| Operating profit | -£752,213 | £738,039 | £1,210,761 | £1,435,260 | £1,452,467 | £1,286,924 | -11.4% | |
| Profit before tax | -£751,316 | £738,181 | £1,213,854 | £1,454,308 | £1,473,270 | £1,287,732 | -12.6% | |
| Net profit | -£798,849 | £507,183 | £1,181,081 | £1,050,194 | £497,981 | £721,525 | +44.9% | |
| Cash | £1,053,620 | £2,367,669 | £4,025,936 | £358,502 | £302,955 | £3,940,967 | +1,200.8% | |
| Total assets less current liabilities | £1,690,381 | £2,653,957 | £3,748,671 | £4,721,750 | £5,185,406 | £5,792,617 | +11.7% | |
| Net assets | £1,075,945 | £1,921,070 | £3,102,151 | £4,171,496 | £4,669,477 | £5,391,002 | +15.5% | |
| Equity | £1,075,945 | £1,921,070 | £3,102,151 | £4,171,496 | £4,669,477 | £5,391,002 | +15.5% | |
| Average employees | 138 | 153 | 189 | 202 | 197 | 198 | +0.5% | |
| Wages | £10,432,666 | £12,554,329 | £17,036,265 | £18,611,784 | £18,859,305 | £17,201,672 | -8.8% | |
| 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 | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|---|---|---|
| Operating margin | -4.4% | 3.6% | 4.3% | 4.6% | 4.7% | 4.6% | |
| Net margin | -4.6% | 2.5% | 4.1% | 3.3% | 1.6% | 2.6% | |
| Return on capital employed | -44.5% | 27.8% | 32.3% | 30.4% | 28.0% | 22.2% | |
| Gearing (liabilities / total assets) | — | — | — | 57.8% | 59.2% | — | |
| Current ratio | — | — | — | 1.77x | 1.72x | 1.88x |
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
- Auditor
- Nortons Assurance Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continues to adopt the going concern basis of accounting in preparing the annual financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BILLANTE III, Joseph | Director | 2024-02-27 | Feb 1976 | American |
| O'DONNELL, Ellen | Director | 2024-02-27 | Aug 1963 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| THACKERAY, Susan Elizabeth | Secretary | 2004-06-04 | 2010-05-19 |
| HCS SECRETARIAL LIMITED | Corporate Nominee Secretary | 2004-06-04 | 2004-06-04 |
| DRAKO, Dean Michael | Director | 2004-06-04 | 2012-04-10 |
| FAUGNO, David | Director | 2010-07-12 | 2016-08-01 |
| HONDA, Diane Ceonzo | Director | 2014-10-22 | 2025-02-04 |
| THACKERAY, Paul Alan | Director | 2004-06-04 | 2010-07-20 |
| HANOVER DIRECTORS LIMITED | Corporate Nominee Director | 2004-06-04 | 2004-06-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Joseph Billante Iii | Individual | Significant influence | 2022-12-05 | Active |
| Mr Dustin Driggs | Individual | Significant influence | 2017-07-14 | Ceased 2022-12-05 |
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-13 RESOLUTIONS Resolution
- 2025-02-13 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-21 | AA | accounts | Accounts with accounts type full | |
| 2026-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-17 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-13 | MA | incorporation | Memorandum articles | |
| 2025-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-27 | AA | accounts | Accounts with accounts type full | |
| 2024-03-12 | AA | accounts | Accounts with accounts type full | |
| 2024-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-06-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-02-28 | AA | accounts | Accounts with accounts type full | |
| 2022-10-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-28 | AA | accounts | Accounts with accounts type full | |
| 2021-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.