Propulsion Technologies Limited
10338183
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 02/08/2025
Due 16/08/2026
Industry
Officers
director · Since 28/11/2025
BRITISH · UNITED KINGDOM · Age 64
Also on 3 other boards
Persons with Significant Control
Mclaren Automotive Holdings Limited
Mclaren Technology Centre, Chertsey Road, Woking, GU21 4YH
Notified 28/11/2025
Former PSCs
Hofer Powertrain International Gmbh
Ceased 26/11/2025
Elringklinger Ag
Ceased 28/11/2025
CompanyRankvs 4150+ SIC 29320 peers58
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£14.9M
Annual revenue
Net Worth
£100
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
-£2.5M
Bottom line earnings
Net Current Assets
—
Working capital
Current Assets
£11.2M
Current Liabilities
£5.1M
Debtors
£6.1M
Cost of Sales
£13.6M
Gross Profit
£1.3M
Admin Expenses
£3.7M
Operating Profit
-£1.6M
Profit After Tax
-£1.8M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 2.22 |
Derived from filed accounts. Not audited figures.