Website & contact details
- Group website
- The site of this company’s group or brand.
Propulsion Technologies Limited
- Incorporated
- 19 August 2016 (10 years)
- Previously known as
- Hofer Powertrain Products UK Ltd. (until 3 December 2025)
- Industry
- Manufacture of other parts and accessories for motor vehicles (29320)
- Directors
- Martin KosterMichael Keith Straughan
- Owned by
- McLaren Automotive Holdings Limited
- Accounts type
- Full
- Region
- South East
- Address
- Mclaren Technology CentreChertsey RoadWokingGU21 4YH
Filing status
- Accounts due
- 31 December 2026
- Last accounts
- 31 December 2024
- Conf. stmt due
- 16 August 2027
- Last conf. stmt
- 2 August 2026
Officers 2 active
Officer details are public data from the Companies House register.
Koster, Martin
Director · Appointed 28 November 2025
German
Born January 1971 (55)
Straughan, Michael Keith
Director · Appointed 28 November 2025
British
Born October 1961 (65)
Officer history (8 former)
28 November 2025
Appointed Straughan, Michael Keith as Director
28 November 2025
Resigned Howlett, Neil William as Director
28 November 2025
Resigned Alexander, Paul James as Secretary
28 November 2025
Appointed Koster, Martin as Director
29 December 2024
Resigned Eurich, Sven as Director
13 October 2021
Appointed Howlett, Neil William as Director
13 October 2021
Resigned Weingartner, Jurgen as Director
15 June 2020
Appointed Eurich, Sven as Director
16 October 2019
Appointed Alexander, Paul James as Secretary
27 September 2019
1 June 2018
Appointed Weingartner, Jurgen as Director
1 June 2018
Resigned Malcolm, Ian as Director
7 March 2017
Resigned Martin, Maier as Director
7 March 2017
Appointed Malcolm, Ian as Director
28 February 2017
Resigned Voit, Franz Xaver as Director
19 August 2016
Appointed Voit, Franz Xaver as Director
19 August 2016
Appointed Martin, Maier as Director
19 August 2016
Ownership 1 active
People and entities with significant control, from the Companies House PSC register
McLaren Automotive Holdings Limited
Corporate entity · Notified 28 November 2025
Owns 75–100% of shares
Limited Company
Former controllers (2)
28 November 2025
Ceased Elringklinger AG — Owns 75–100% of shares
26 November 2025
Ceased Hofer Powertrain International GMBH — Owns 25–50% of shares
Financials
Balance sheet as at 31 December 2024 · full accounts
- Turnover
- £14,911,508
- Profit
- (£1,807,355)
- Employees
- 46
Balance sheet detail
| 2024 | |
|---|---|
| Current Assets | £11,240,948 |
| Shareholder Funds | (£7,598,543) |
| Turnover | £14,911,508 |
| Cost of Sales | £13,641,227 |
| Gross Profit | £1,270,281 |
| Admin Expenses | £3,722,754 |
| Staff Costs | £2,333,661 |
| Operating Profit | (£1,623,932) |
| Profit for Period | (£1,807,355) |
Filings 63
| Date | Description | Made Up To | Pages | |
|---|---|---|---|---|
| 27 August 2026 | Confirmation statement with updates | 2 August 2026 | ||
| 3 December 2025 | Appointment of a director | |||
| 3 December 2025 | Certificate of change of name | |||
| 2 December 2025 | Termination of appointment of a secretary | |||
| 2 December 2025 | Appointment of a director |
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