Is X402 Ltd. in creditors' voluntary liquidation?
Last verified 27 May 2026
Yes, X402 Ltd. (company number SC277437) entered creditors' voluntary liquidation on 20 February 2025, by its creditors.
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X402 Ltd. is now in creditors' voluntary liquidation. Below are the key dates, the directors, the public-record timeline that led here, and what the liquidation means if you are a creditor, employee, customer or supplier.
Company at a glance
| Status | In Creditors' Voluntary Liquidation |
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| Company number | SC277437 |
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| Incorporated | 15 December 2004 (22 years old) |
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| Registered office | Unit 1, Ground Floor Airbles House, 270 Airbles Road, Motherwell, North Lanarkshire, ML1 3AT |
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| Nature of business (SIC) | 62090: Other information technology service activities (IT & managed services) |
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| Date entered creditors' voluntary liquidation | 20 February 2025 |
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| Public register | View filing history ↗ |
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About the business
X402 Ltd. is a it & managed services business based in Motherwell, incorporated in 2004 and 21 years old when the liquidator was appointed. Its registered activity is other information technology service activities (SIC 62090). There have been 11 director appointments since incorporation, of which 2 were on the board when the liquidator was appointed, alongside 2 people with significant control. 1 charge has been registered against the company, all of which are recorded as satisfied.
Directors
11 people have been appointed as directors of X402 Ltd..
DirectorStatusAppointedResigned
+5 former directors · resigned 2004 to 2019
A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.
Persons with significant control
Individuals or entities with significant influence or control.
Mr Simon Martin Tuke
individual person with significant control · British · England
Significant influence or control
King & Tuke Limited
corporate entity person with significant control
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
4 ceased controls
- Mr Colin Murphy · ceased 24 Apr 2017
- Mr Steven Wojciechowski · ceased 11 Oct 2019
- Mr Yvan Michael Bamping · ceased 1 Oct 2021
- King And Tuke Ltd · ceased 11 Oct 2021
Charges register
Secured creditors and encumbrances against the company. 0 outstanding · 1 satisfied.
Status · Creditor · Type · Dates
SatisfiedOptimum Sme Finance Limited
A registered charge · Created 12 Dec 2019 · Satisfied 8 Jul 2021
What happened
EventDateType
Registered office address changed12 January 2026AD01 Registered office address changed26 February 2025AD01 Creditors' voluntary liquidationStatus20 February 2025
Confirmation statement made with no updates30 October 2024CS01 +82 earlier events · 2004 to 2024
Total exemption full accounts made up26 September 2024AA Confirmation statement made with no updates1 November 2023CS01 Total exemption full accounts made up21 September 2023AA Confirmation statement made with no updates31 October 2022CS01 Total exemption full accounts made up29 September 2022AA Change of details as a person with significant control12 December 2021PSC05 Cessation as a person with significant control12 December 2021PSC07 Confirmation statement made with no updates20 October 2021CS01 Cessation as a person with significant control20 October 2021PSC07 Notification as a person with significant control20 October 2021PSC01 Termination of appointment as a director1 October 2021TM01 Total exemption full accounts made up30 September 2021AA Appointment as a director21 September 2021AP01 Termination of appointment as a secretary20 September 2021TM02 Termination of appointment as a director20 September 2021TM01 Appointment as a director20 September 2021AP01 Appointment as a secretary20 September 2021AP03 Satisfaction of charge in full8 July 2021MR04 Notification as a person with significant control6 November 2020PSC02 Confirmation statement made with updates6 November 2020CS01 Appointment as a secretary6 November 2020AP03 Total exemption full accounts made up10 September 2020AA Change of details as a person with significant control27 July 2020PSC04 Registration of charge , created19 December 2019MR01 Confirmation statement made with updates14 October 2019CS01 Notification as a person with significant control14 October 2019PSC01 Notification as a person with significant control14 October 2019PSC02 Cessation as a person with significant control14 October 2019PSC07 Termination of appointment as a secretary14 October 2019TM02 Termination of appointment as a director14 October 2019TM01 Appointment as a director14 October 2019AP01 Amended total exemption full accounts made up30 July 2019AAMD Total exemption full accounts made up20 June 2019AA Confirmation statement made with no updates21 December 2018CS01 Change of details as a person with significant control21 December 2018PSC04 Director's details changed21 December 2018CH01 Total exemption full accounts made up30 April 2018AA Confirmation statement made with updates4 January 2018CS01 Cessation as a person with significant control4 January 2018PSC07 Registered office address changed18 July 2017AD01 Cancellation of shares. Statement of capital21 June 2017SH06 Purchase of own shares6 June 2017SH03 Total exemption full accounts made up22 May 2017AA Termination of appointment as a director28 April 2017TM01 Confirmation statement made with updates16 December 2016CS01 Total exemption small company accounts made up19 June 2016AA Annual return made up with full list of shareholders17 December 2015AR01 Total exemption small company accounts made up27 July 2015AA Registered office address changed27 January 2015AD01 Annual return made up with full list of shareholders12 January 2015AR01 Total exemption small company accounts made up10 July 2014AA Annual return made up with full list of shareholders8 January 2014AR01 Total exemption small company accounts made up22 May 2013AA Annual return made up with full list of shareholders8 January 2013AR01 Registered office address changed8 January 2013AD01 Total exemption small company accounts made up10 May 2012AA Annual return made up with full list of shareholders9 January 2012AR01 Total exemption small company accounts made up11 May 2011AA Annual return made up with full list of shareholders10 January 2011AR01 Total exemption small company accounts made up6 May 2010AA Annual return made up with full list of shareholders11 January 2010AR01 Director's details changed11 January 2010CH01 Director's details changed11 January 2010CH01 Total exemption small company accounts made up22 April 2009AA Legacy12 January 2009363a Total exemption small company accounts made up29 May 2008AA Legacy15 January 2008363a Total exemption small company accounts made up11 July 2007AA Legacy12 January 2007363a Total exemption small company accounts made up3 August 2006AA Legacy11 January 2006363a Legacy21 December 2004288b Legacy21 December 2004288b Legacy21 December 2004288b Incorporation15 December 2004NEWINC What this means for you
If you are a creditor
Submit your proof of debt to the liquidator. Once liquidation begins, no creditor can start or continue legal action without the court's permission. Unsecured creditors rank after secured and preferential creditors and are usually paid last, often only a portion.
Owed money by a company in liquidation →If you are an employee
Employees are preferential creditors for certain unpaid wages and holiday pay, and may be able to claim from the Redundancy Payments Service if roles are made redundant.
Employee rights and redundancy pay →If you are a customer
Deposits paid are usually unsecured claims. Contracts may be terminated by the liquidator. Contact the liquidator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the liquidation began are an unsecured claim. Check whether any retention-of-title clause lets you identify and recover specific goods.
How retention of title works →Don't be the last to know next time
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Related guides
The bigger picture
Frequently asked questions
- Is X402 Ltd. in creditors' voluntary liquidation?
- Yes. X402 Ltd. (company number SC277437) entered creditors' voluntary liquidation on 20 February 2025, by its creditors.
- What does X402 Ltd. do?
- X402 Ltd.'s registered nature of business is other information technology service activities (SIC 62090). It is classified in the it & managed services sector.
- Where is X402 Ltd. based?
- X402 Ltd.'s registered office is Unit 1, Ground Floor Airbles House, 270 Airbles Road, Motherwell, North Lanarkshire, ML1 3AT. The registered office is the address held on the public register, which is not always the trading address.
- When was X402 Ltd. founded?
- X402 Ltd. was incorporated on 15 December 2004, 21 years before the liquidator was appointed.
- What is X402 Ltd.'s company number?
- X402 Ltd.'s registered company number is SC277437.
- Who has significant control of X402 Ltd.?
- 2 active people with significant control over X402 Ltd. are on the register: Mr Simon Martin Tuke, King & Tuke Limited.
- What does liquidation mean for creditors of X402 Ltd.?
- Liquidation is the formal wind-up of a company. Once it begins, the liquidator collects assets, settles claims in statutory order (secured, preferential, then unsecured) and distributes whatever remains. Unsecured creditors often recover only a portion of what they are owed, and sometimes nothing.
- How long does liquidation take?
- Most liquidations run for 12 to 24 months, longer where the company has complex assets, litigation, or ongoing trading. Annual progress reports are filed by the liquidator until the company is dissolved at the end of the process.
- Will creditors get paid in X402 Ltd.'s liquidation?
- Secured creditors are paid from the assets they hold a charge over. Preferential creditors (employee wages up to limits, pension contributions, HMRC for certain taxes) come next. Unsecured creditors share whatever remains, which may be nothing. The Statement of Affairs, when filed, sets out the liquidator's estimate at the point of appointment.
Report an error on this page·Not financial, credit or legal advice.