Rad Propulsion Ltd
11700102
Healthy
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/11/2018
ENGINEER
BRITISH · ENGLAND · Age 46
Also on 2 other boards
Persons with Significant Control
Former PSCs
Mr Richard Daltry
Ceased 22/10/2021
Mr Daniel Hook
Ceased 22/10/2021
Charges1 outstanding
INNOVATE UK LOANS LIMITED
CompanyRankvs 774+ SIC 71122 peers73
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
£2.2M
Balance sheet strength
Cash
£512k
Cash in the bank
Net Current Assets
£2.0M
Working capital
Current Assets
£3.1M
Current Liabilities
£1.0M
Fixed Assets
£362k
Debtors
£882k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.92 | +£405k |
| 2023 | 3.38 | +£1.3M |
| 2022 | 1.67 | -£564k |
| 2021 | 2.90 | +£1.3M |
| 2020 | 0.54 | -£157k |
| 2019 | 0.70 | — |
Derived from filed accounts. Not audited figures.