Rad Propulsion Ltd
Rad Propulsion Ltd is an active company incorporated on 27 November 2018 with the registered office located in Chichester, West Sussex. Rad Propulsion Ltd was registered 6 years ago.
Status
Active
Active since incorporation
Company No
11700102
Private limited company
Age
6 years
Incorporated 27 November 2018
Size
Small
Balance sheet is under £7.5M
Under 50 employees
Confirmation
Submitted
Dated 26 November 2024 (11 months ago)
Next confirmation dated 26 November 2025
Due by 10 December 2025 (1 month remaining)
Last change occurred 11 months ago
Accounts
Submitted
For period 1 Jan ⟶ 31 Dec 2024 (1 year)
Accounts type is Total Exemption Full
Next accounts for period 31 December 2025
Due by 30 September 2026 (11 months remaining)
Shareholders, PSCs & Group Structure
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Brands
RAD Propulsion designs and manufactures electric drive systems for the marine industry.
Financials
Net Assets, Total Assets & Total Liabilities (2019–2024)
Period Ended
31 Dec 2024
For period 31 Dec ⟶ 31 Dec 2024
Traded for 12 months
Cash in Bank
£512.3K
Decreased by £707.24K (-58%)
Turnover
Unreported
Same as previous period
Employees
23
Increased by 8 (+53%)
Total Assets
£3.41M
Increased by £824.88K (+32%)
Total Liabilities
-£1.18M
Increased by £419.89K (+55%)
Net Assets
£2.24M
Increased by £404.99K (+22%)
Debt Ratio (%)
34%
Increased by 5.23% (+18%)
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Repayment History
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