I'm going to assume it this boat..
to make that go faster if i have the right boat in the pic, it steers speeding up one motor to the other, or stopping one etc, so upgrading the electronics will cost you more then then boat did, as I'm not sure of the internals but i would assume that the radio and esc's are all built into one board, you have 2 options swap out the 2 motors in there and replace with 2 -540 brushless thats assuming that the motors in the boat are the same 'shell' size ( pic of internals of your boat would be handy!)
other option would be a full overhaul of the electronics and motors esc's etc and to be honest.. your going to spend more on electronics then the boats worth, but heres a setup for you if you swap out all the electronics
twin 540 or 600 motors ( if they fit) or 400's if there small motors
for the 540 -600 motors you will need a Action P94 (built in twin 20A esc's with a mixer for steering) £78
and a new radio receiver
http://www.action-electronics.co.uk/mixers.phpfor the 400 or smaller motors you might be able to use the actions 94 LITE (built in twin 10A with mixer for steering) same price as above.
but i will give you some decent advice if your planning on swapping out the electronics to obtain more speed .. don't! not with this boat any way i would suggest looking for something like this
http://cgi.ebay.co.uk/grp-rc-model-boat-racing-powerboat-speedboat-boat-kit-/320585071714?pt=UK_ToysGames_RadioControlled_JN&hash=item4aa45bfc62#ht_1503wt_1137or this
http://cgi.ebay.co.uk/SUPERB-RC-LARGE-TWIN-MOTOR-RACING-MODEL-BOAT-/220661853242?pt=UK_ToysGames_RadioControlled_JN&hash=item336078ac3a#ht_500wt_1154and build your boat from scratch using a pre formed grp hull, I'm sure many of the power boat racers here might suggest similar.
rtr kits tend to be the best they can be given what it is and what it cost over powering them can cause more issues then its worth. get back to us with some pic's of your boat and the internals at present and see if we can help you with better advice