ENGAGE WORKS LIMITED
Company number 05420649 · Monitor this company
Executive summary
Engage Works Limited represents a cautionary example of a mid-market UK digital agency that has succumbed to the severe working capital pressures afflicting the sector since 2022. Despite nearly two decades of trading and a credible market positioning in digital experience design, the company's failure to maintain adequate liquidity — evidenced by an 82% collapse in net current assets to just £66,549 and a dangerously thin current ratio of 1.02:1 — has resulted in administration. The financial trajectory, characterised by ballooning debtors, surging current liabilities, and eroding retained earnings, reflects the broader sector challenge of clients extending payment terms whilst agencies carry inflexible cost bases, but also suggests specific deficiencies in this company's financial management and equity structure.
Shareholders' funds
£970,609
Balance sheet as at 2022-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2005-04-11
- Registered office
- Purnells, 5a Kernick Industrial Estate, Penryn, Cornwall, TR10 9EP
- Postcode
- TR10 9EP
- Capital
- 15 GBP
- Accounts category
- Total Exemption Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2024-12-30
- Next due by
- 2026-09-30
- Financial year end
- 30 December
Confirmation statement
- Last statement dated
- 2025-09-06
- Next due by
- 2026-09-20
Nature of business (SIC)
- 62090 Other information technology service activities
- 82990 Other business support service activities not elsewhere classified
Officers 3 current · 17 resigned
Group structure 2 subsidiaries
-
HYBRID3D LTD Active - Proposal to Strike off
From persons-with-significant-control filings on the public register.
Contact details
- Website
- engageworks.com
Engage Works is a global technology company that specialises in the design, build and support of digital products and services.
Previous company names
| Name | Date changed |
|---|---|
| ENGAGE PRODUCTION LIMITED | 2015-04-10 |
Previous registered addresses 4
| Address | Changed on |
|---|---|
| STUDIO K01 THE BISCUIT FACTORY, 100 CLEMENTS ROAD, LONDON, SE16 4DG, UNITED KINGDOM | 2014-03-12 |
| STUDIO J409, TOWER BRIDGE BUSINESS COMPLEX, 100 CLEMENTS ROAD, LONDON, SE16 4DG | 2011-09-01 |
| 16 NORTHFIELDS TRADING ESTATE, BERESFORD AVENUE, WEMBLEY, MIDDLESEX HA0 1YH | 2007-08-10 |
| 55 CHADWICK ROAD, PECKHAM, LONDON, SE15 4RA | 2005-12-14 |
The class of 2005
26%
of the 3,035 companies in this sector incorporated in 2005 are still active today; 72% have since been dissolved.
A fact about the year, not a forecast for this company.