{"name":"ENGAGE WORKS LIMITED","company_number":"05420649","status":"In Administration","type":"Private Limited Company","incorporated":"2005-04-11","dissolved":null,"registered_office":"Purnells, 5a Kernick Industrial Estate, Penryn, Cornwall, TR10 9EP","postcode":"TR10 9EP","sic_codes":[{"code":62090,"description":"Other information technology service activities"},{"code":82990,"description":"Other business support service activities not elsewhere classified"}],"principal_activity":null,"previous_names":[{"name":"ENGAGE PRODUCTION LIMITED","changed_on":"2015-04-10"}],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"30 December","last_made_up_to":"2024-12-30","next_due":"2026-09-30"},"employees":null,"financials":[{"financial_date":"2024-12-30","net_assets":992245,"cash":192958},{"financial_date":"2023-12-31","net_assets":1230321,"cash":295768},{"financial_date":"2022-12-31","net_assets":970609,"cash":7634},{"financial_date":"2021-12-31","net_assets":899916,"cash":165799},{"financial_date":"2020-12-31","net_assets":1013233,"cash":329588}],"officers":{"current":3,"resigned":17,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":1,"outstanding":1},"gazette_notices":[{"date":"2026-02-02","kind":"insolvency"}],"insolvency_outcome":null,"ai_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.","website":"https://engageworks.com/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/engage-works-1","people":"https://www.companiesintheuk.co.uk/company/engage-works-1/people","filing_history":"https://www.companiesintheuk.co.uk/company/engage-works-1/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/05420649","financials":"https://www.companiesintheuk.co.uk/company/engage-works-1/financial","gazette":"https://www.companiesintheuk.co.uk/company/engage-works-1/gazette","control":"https://www.companiesintheuk.co.uk/company/engage-works-1/control","charges":"https://www.companiesintheuk.co.uk/company/engage-works-1/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/engage-works-1/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/engage-works-1"}