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Oak Engage Limited

03734477

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

2ND FLOOR CENTRAL SQUARE SOUTH, NEWCASTLE UPON TYNE, NE1 3AZ
Incorporated 17/03/1999

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development
62090
Other information technology service activities

Officers

Mr William Garfield Murray

director · Since 10/07/2019

CHIEF EXECUTIVE OFFICER

BRITISH · UNITED KINGDOM · Age 58

Also on 3 other boards

Mr Jake Armstrong

secretary · Since 05/07/2021

Also on 4 other boards

Mr Jake Armstrong

director · Since 05/07/2021

CHIEF FINANCIAL OFFICER

BRITISH · ENGLAND · Age 37

Also on 4 other boards

Pete Clarke

director · Since 26/06/2025

DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Also on 3 other boards

Persons with Significant Control

Project Canopy Bidco Limited

75–100% shares
75–100% votes
Appoint directors

13th Floor Number One Spinningfields, 1 Hardman Square, Manchester, M3 3EB

Reg: 16386466 · Companies House, England And Wales · Limited By Shares

Notified 26/06/2025

Former PSCs

Mr Ajay Sood

Ceased 03/12/2020

Maven Co-Invest Orchid Limited Partnership

Ceased 11/06/2018

The North East Accelerator Limited Partnership

Ceased 17/06/2021

The North East (Erdf)Innovation Fund Limited

Ceased 11/06/2018

Maven Co-Invest Orchid 2 Lp

Ceased 26/06/2025

Charges2 outstanding

Charge
outstanding

SANTANDER UK PLC

Created 26/06/2025Registered 02/07/2025
Charge
outstanding

NORTHEDGE CAPITAL LLP AS SECURITY TRUSTEE FOR THE SECURED PARTIES

Created 26/06/2025Registered 27/06/2025
Charge
satisfied

MAVEN CAPITAL PARTNERS UK LLP AS SECURITY TRUSTEE

Created 17/06/2021Registered 05/07/2021Satisfied 08/07/2025
Charge
satisfied

MAVEN CAPITAL PARTNERS UK LLP (AS SECURITY TRUSTEE)

Created 19/11/2019Registered 03/12/2019Satisfied 08/07/2025
Charge
satisfied

MAVEN CAPITAL PARTNERS UK LLP

Created 11/06/2018Registered 24/06/2018Satisfied 08/07/2025
Charge
satisfied

MAVEN CAPITAL PARTNERS UK LLP (AS SECURITY TRUSTEE)

Created 11/06/2018Registered 24/06/2018Satisfied 08/07/2025
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/06/2017Registered 27/06/2017Satisfied 12/06/2018
Charge
satisfied

THE NORTH EAST GROWTH 500 PLUS LP

Created 30/11/2016Registered 12/12/2016Satisfied 12/06/2018
charge
satisfied

BARCLAYS BANK PLC

Created 31/10/2005Registered 17/11/2005Satisfied 28/04/2017

CompanyRankvs 8429+ SIC 62012 peers
65

Financial strength94th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.72× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/06/2024

Net Worth

£430k

Balance sheet strength

Cash

£1.3M

Cash in the bank

Net Current Assets

-£1.1M

Working capital

Current Assets

£2.7M

Current Liabilities

£3.8M

Fixed Assets

£2.0M

Debtors

£1.4M

52avg. employees-16

Balance Sheet

Intangible assets£1.9M
Assets less current liabilities£987k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.72+£4.7M
20230.58-£1.7M
20220.89-£2.1M
20211.62+£206k
20200.99

Derived from filed accounts. Not audited figures.