The Firmwatch take
Oak Engage Limited (03734477) currently shows: Watch signal detected, based on accounts to 30 June 2024; last refreshed 25 May 2026. Negative working capital plus 2 more cautionary signals — extracted from the latest filed accounts.
Companies House source·Accounts to 30 Jun 2024·Refreshed 25 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
17 March 1999
27 years on the register
Sector
Business and domestic software development
SIC 62012
Size
Not classified
Net assets
£430k
Top 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Elevated insolvency risk
The latest public accounts show financial pressure that should be reviewed before relying on the company as a customer, supplier or counterparty.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Weak current ratio
Current assets are less than 75% of current liabilities.
Sector benchmark · Information Technology
How this company compares in 116,863 IT firms
Top 10% in sector — Oak Engage Limited shows £430k in net assets. Sector median is £2k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Money
What the balance sheet says
Net assets
£430k
Top 10% in sector · sector median £2k · 116,863 IT firms
Cash
Not disclosed
Working cap.
−£1.1m
Median £6k
Current ratio
0.7×
Median 1.5×
Signals · 4
Positive net assets
The latest filed accounts show assets exceeding liabilities.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Current ratio below 1.0
Current assets are lower than current liabilities in the extracted accounts.
People
Who runs this company
- AJ
ARMSTRONG, Jake
director · since 2021
- CP
CLARKE, Pete
director · since 2025
Registered office
Address intelligence
19 other companies registered here.
Common for accountants' offices and small business centres.
Address pattern · NE1 3AZ
19 other UK companies registered here — all still trading.
Active
19
Dissolved
0
Strike-off action
0
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.