Risk Assessment: AUTOXTRA LIMITED (SC380291)

1. Risk Rating: HIGH

Justification: The company is recorded as dissolved with a dissolution date of 11 August 2026 (which appears to be a future date, suggesting the company may be in the process of voluntary strike-off rather than fully dissolved). More critically, there is a fundamental inconsistency between the company's filed status as dormant with a declaration that it has "never traded," and an active website (autoxtra.com) describing an operational business selling number plate supplies and equipment. This discrepancy raises serious concerns about either misrepresentation in filings or potential trading through an unidentifiable vehicle.

2. Key Concerns

Concern 1: Dormant Status vs. Active Website Presence

The company has filed dormant accounts for at least 10 consecutive years, with the latest accounts explicitly stating "EntityHasNeverTraded." However, the associated website autoxtra.com describes an active trading business offering number plate supplies, printing software, and design services. This represents a significant discrepancy that cannot be reconciled from available data. Either the filings are materially misleading, or the website is operated by a different entity entirely.

Concern 2: Dissolved/Dissolving Status

The company status is recorded as "Disolved" [sic], indicating it is either dissolved or undergoing dissolution proceedings. The future dissolution date of 11 August 2026 suggests a voluntary strike-off application may be in progress. Engaging with a company in dissolution carries substantial risk—contracts may be unenforceable, and any financial commitments could be void upon completion of dissolution.

Concern 3: No Evidence of Operational Capability

With net assets of just £2 (comprising only issued share capital of 2 ordinary shares of £1 each) consistently from 2015 to 2024, the company has demonstrated zero financial activity for a decade. There is no revenue, no working capital, no assets beyond the nominal share capital, and no capacity to meet any financial obligations beyond de minimis amounts.

3. Positive Indicators

• Regulatory Compliance on Filings: Accounts and confirmation statements are filed on time and not overdue, suggesting the directors maintain basic statutory obligations.
• Clean Director Records: No disqualification orders were identified against either Kenneth James Miller or Paul James Cherry.
• Transparent Ownership: PSC register is up to date with both directors holding between 25-50% of shares, providing clarity on beneficial ownership.
• No Liabilities: The dormant status means there are no recorded debts or creditor obligations that could create legacy liabilities.

4. Due Diligence Notes

Critical Investigations Required:

1. Verify Website Ownership: Determine conclusively whether autoxtra.com is operated by AUTOXTRA LIMITED (SC380291) or by a different legal entity. Check the website's terms and conditions, privacy policy, and any company registration disclosures. Domain registration (WHOIS) records may also clarify ownership.

2. Confirm Dissolution Status: The recorded status of "Disolved" with a future dissolution date is contradictory. Verify with Companies House whether the company is subject to an active strike-off application, has been restored to the register, or if this represents a data anomaly. If a strike-off is in progress, identify the stage and any objections filed.

3. Identify Alternative Trading Entities: If the website business is legitimate, investigate whether the directors operate through a different company. Search for other directorships held by Kenneth James Miller and Paul James Cherry, particularly any active companies with SIC code 45310 or related trading activities.

4. Assess Trading Risk: If any commercial relationship is being contemplated, confirm which legal entity would be the contracting party. A dormant company with £2 in assets cannot meaningfully fulfill commercial obligations or provide counterparty security.

5. Historical Context: The company was incorporated in 2010 and has apparently remained dormant throughout its 14-year existence. Investigate why the company was maintained for this period without trading, and whether it served a specific purpose (e.g., name protection, group restructuring vehicle, or placeholder for future activity).