Rad Propulsion Ltd

Rad Propulsion Ltd, based in Chichester, UK, is a small, active company founded six years ago in 2018. Employing nine people, the firm holds £2,441,707 in assets and operates from a virtual address—a point highlighted by the fact that twenty-two companies are registered at the same location. It’s led by five directors, though no owners are officially listed. The company regularly imports and exports electrical machinery and equipment, with a history of 41 months of imports and 5 months of exports, the latest activity recorded in February 2025.

Rad Propulsion specializes in advanced electric boat drive systems, as showcased on its website. It offers products like the RAD 40 system and RAD batteries, alongside robotics projects. The website emphasizes a focus on quieter, smarter, and easier-to-use electric propulsion, with a strong emphasis on bespoke design and customer support. It even has a section for news and insights, highlighting partnerships and technological advancements, like the collaboration with Zero Marine and RS Electric Boats.

Financially, Rad Propulsion presents a mixed picture. While cash reserves have increased significantly—jumping 330% to £1,200,000—net assets have decreased by 83%, landing at -£2,400,000. Creditors have risen considerably, increasing by 28% to £720,000, while trade debtors have fallen by 11%. The company’s small size—meeting two of three criteria for a small company—helps maintain agility, but the substantial equity decline warrants attention. The increase in average employees reported, from nine to fifteen, suggests a period of expansion, though it could also indicate increased operational costs. With no auditor mentioned, the financial statements are unaudited.

Overall, Rad Propulsion Ltd appears to be navigating a period of growth and investment, though the negative equity raises questions about its long-term financial stability. The company’s focus on innovation and bespoke solutions, however, suggests a strong potential for future success—it’s just a matter of managing its finances effectively.

Registered in England/Wales under the registration number 11700102, with a registered address at PO20 7EQ, England, Chichester, Appledram Barns, Birdham Road.

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