Experiential technology integrator Engage Works Ltd has entered administration, with its business and assets sold through a pre-pack deal to a connected holding company as part of a group restructuring.
The London-based company appointed Chris Parkman and Lisa Alford of Purnells as joint administrators on 20 January 2026. Following the appointment, the trading business and certain assets were transferred to a restructured group led by Immerse Holdings Ltd, a company incorporated in December 2025 and controlled by Engage Works CEO and founder Steve Blyth.
Trading continues under the Engage Works name via an existing operating entity within the group. The original Engage Works Ltd company remains in administration.
According to the administrators’ Statements of Insolvency Practice 16 (SIP 16) disclosure, the company had faced mounting financial pressure in recent months, including outstanding tax liabilities and the risk of a winding-up petition from HMRC. A statutory demand from creditor Kepler Wolf Ltd was issued in December 2025, according to the administrators’ report.
Directors first sought insolvency advice in April 2025, with a notice of intention to appoint administrators filed in December to allow valuation and marketing of the business. Administrators reported that interest was received from a party connected to the company’s director and, in the absence of other serious offers, negotiations proceeded on that basis.
The administrators said the objective of the administration is to realise assets in order to provide a return to secured or preferential creditors.
In an exclusive interview with Installation, Blyth framed the move as a restructuring designed to stabilise and continue the business. “The asset transfer moved the trading operation into an existing entity, and the new holding company now sits above the UK and Dubai operations,” he said. “New investors have come in to help build for success after this challenge.”
The group’s intellectual property and investment interests are held within Immerse Holdings. The Engage Works Saudi Arabia entity will close, while the Dubai operation continues unaffected, with Immerse Holdings owning a minority share and the majority owned locally, according to Blyth.
The business employs around 20 staff and delivers immersive installations, virtual environments and proprietary software platforms, alongside ongoing service and maintenance support.
A pre-pack administration allows a company’s assets to be sold immediately upon insolvency to preserve trading activity. The process typically results in operations continuing through a different legal entity while the original company remains in administration and creditor claims are assessed.
In this case, the Engage Works brand and operations continue under the acquiring company, under the same directors.
