CJR PROPULSION LIMITED
Company number 02526127 · Monitor this company
Executive summary
CJR Propulsion Limited is a long-established specialist in marine propulsion engineering operating from Southampton's maritime cluster, with 35 years of trading history and substantial fixed assets of £6.12M. However, the company's financial position has deteriorated significantly over the past two years, with net assets declining 51% from £5.42M to £2.66M and working capital swinging from a £1.48M surplus to a £1.41M deficit — a current ratio of 0.66x that falls well below sector norms of 1.2-1.5x. While the specialist niche positioning and asset base provide competitive foundations, the pace of balance sheet erosion raises material questions about contracting capacity, bonding capability, and the sustainability of current operations without external funding support or a reversal of trading performance.
Shareholders' funds
£2,658,105
Balance sheet as at 2025-05-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1990-07-30
- Employees
- 43 (2025 accounts)
- Registered office
- 72 Quayside Road, Bitterne Manor, Southampton, Hampshire, England, SO18 1AD
- Postcode
- SO18 1AD
- Capital
- 850 GBP
- Accounts category
- Total Exemption Full
- Charges
- 4 outstanding
Accounts
- Last made up to
- 2025-05-31
- Next due by
- 2027-02-28
- Financial year end
- 31 May
Confirmation statement
- Last statement dated
- 2026-07-28
- Next due by
- 2027-08-11
Nature of business (SIC)
- 30110 Building of ships and floating structures
Officers 2 current · 7 resigned
Licensed visa sponsor
Licensed by the Home Office to sponsor worker visas: Skilled Worker (Worker (A rating)).
Matched by registered name to the register of licensed sponsors (Home Office, updated daily) — check the register itself before relying on it. Contains public sector information licensed under the Open Government Licence v3.0.
Previous company names
| Name | Date changed |
|---|---|
| SEVOKEEP LIMITED | 1990-10-02 |
Previous registered addresses 4
| Address | Changed on |
|---|---|
| UNIT 18 EGHAM WORKS, RUSHAM ROAD, EGHAM, SURREY TW20 9SL | 1995-10-09 |
| UNIT 18 EGHAM WORKS, RUSHAM ROAD, EGHAM, SURREY TW20 9SL | 1995-10-09 |
| RADIX HOUSE, CENTRAL TRADING ESTATE, STAINES, MIDDLESEX | 1993-07-09 |
| 50 LINCOLN'S INN FIELDS, LONDON, WC2A 3PF | 1990-10-18 |
Among its peers
Top 25%
by shareholders' funds, of 13 similar companies in SO
2nd largest employer among its local peers (43 staff).
Among the oldest 25% of its local peers, trading since 1990.
Competitors Southampton
This company ranks 2 among building of ships and floating structures in Southampton.
The class of 1990
50%
of the 20,398 companies incorporated in 1990 are still active today; 45% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 3 titles
- Leasehold
- 3
- Most recent registration
- 2021-09-23
- Where
- Southampton (3)
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| HP860261 | Southampton | Leasehold | 2021-09-23 | — |
| HP814841 | Southampton | Leasehold | 2018-01-15 | — |
| HP814842 | Southampton | Leasehold | 2018-01-15 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.