Openworks Engineering Ltd

Openworks Engineering Ltd, based in Prudhoe, UK, is a small, active company founded nine years ago in 2015. With 14 employees and £2,656,731 in assets, it operates from a real address and is overseen by six directors, although there are no reported owners. The company regularly imports and exports optical and medical tools and devices, with 35 months of import activity and 27 months of export activity recorded, the latest in February 2025 and January 2025 respectively.

The company’s website showcases a focus on autonomous technology for surveillance and air defence. It designs and manufactures high-performance electro-optical systems, including the Vision Flex series, and offers physical capture solutions like the SkyWall net capture systems, used for drone interception. Their products cater to military, policing, and critical national infrastructure sectors, emphasizing advanced tracking, classification, and motion control capabilities. The website also highlights a partnership with DJ Byers for mobile surveillance systems, further demonstrating their technology's versatility.

Financially, Openworks Engineering Ltd presents a mixed picture. Accumulated amortisation impairment for intangible assets increased by 23%, while accumulated depreciation impairment for property, plant, and equipment rose by 3.7%. Bank borrowings surged by a significant 160%, reaching £520,000, and overdrafts increased by 170% to £520,000. However, cash reserves grew substantially by 120%, reaching £1,500,000, and creditors decreased by 23%. The number of employees increased by 21%, to 17. While the company meets the criteria for a small business, with turnover under £10.2m and assets under £5.1m, the increase in debt and decrease in equity—dropping 120%—suggests potential financial strain. The lack of an auditor mentioned likely means the accounts are unaudited.

Despite these challenges, Openworks Engineering Ltd’s focus on specialized technology and its presence in growing sectors like counter-drone systems could offer opportunities for future growth. The recent attendance at Special Operations Forces Week and IDEX further demonstrates their commitment to expanding their reach.

Registered in England/Wales under the registration number 09701798, with a registered address at NE42 6PX, England, Prudhoe, 5 Regents Drive, Low Prudhoe Industrial Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.