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Prax Exploration & Production PLC Is Prax Exploration & Production PLC in administration?
Last verified 16 June 2026
Yes, Prax Exploration & Production PLC (company number 12157790) entered administration on 3 October 2025. Daniel James Mark Smith of Teneo Financial Advisory Limited was appointed as administrator.
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Prax Exploration & Production PLC is now under the control of an administrator. Below are the key dates, the directors, the public-record timeline that led here, and what the administration means if you are a creditor, employee, customer or supplier.
Company at a glance
| Status | In Administration |
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| Company number | 12157790 |
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| Previously known as | - Prax Global Finance I PLC, Jan 2022 to Mar 2023
- Prax Global Finance I Limited, Jan 2022 to Jan 2022
- Prax Financial Services Limited, Dec 2020 to Jan 2022
- Prax Global Financial Services Limited, Aug 2019 to Dec 2020
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| Incorporated | 15 August 2019 (7 years old) |
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| Registered office | C/O TENEO FINANCIAL ADVISORY LTD, Birmingham, B4 6AT |
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| Nature of business (SIC) | 09100: Support activities for petroleum and natural gas mining |
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| Date entered administration | 3 October 2025 |
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| Administrator | Daniel James Mark Smith, Teneo Financial Advisory Limited (licensed insolvency practitioner) |
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| Official notice | View the official notice ↗ |
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| Statement of Affairs | Filed 3 December 2025, declared assets & liabilities ↗ |
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| Public register | View filing history ↗ |
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About the business
Prax Exploration & Production PLC is a UK limited company based in Birmingham, incorporated in 2019 and 6 years old when the administrator was appointed. Its registered activity is support activities for petroleum and natural gas mining (SIC 09100). There have been 12 director appointments since incorporation, of which 4 were on the board when the administrator was appointed, alongside 1 person with significant control.
Directors
12 people have been appointed as directors of Prax Exploration & Production PLC.
DirectorStatusAppointedResigned
+6 former directors · resigned 2020 to 2022
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.
State Oil Limited
corporate entity person with significant control
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
1 ceased control
- Csc Corporate Services (Uk) Limited · ceased 28 Feb 2020
What happened
EventDateType
Administrator's progress report7 May 2026AM10 Statement of affairs with form AM02SOA3 December 2025AM02 Result of meeting of creditors30 October 2025AM07
Statement of administrator's proposal9 October 2025AM03 Registered office address changed from Harvest House Horizon Business Village 1 Brooklands Road Weybridge Surrey KT13 0TJ United Kingdom to The Colmore Building, 20 Colmore Circus Queensway Birmingham B4 6AT on 2025-10-033 October 2025AD01 +52 earlier events · 2019 to 2025
Appointment of an administrator3 October 2025AM01 Director's details changed for Nicholas John Pike on 2025-07-2225 July 2025CH01 Appointment of Nicholas John Pike as a director on 2025-07-0618 July 2025AP01 Termination of appointment of Winston Sanjeevkumar Soosaipillai as a director on 2025-07-0418 July 2025TM01 Confirmation statement made on 2025-03-29 with no updates1 April 2025CS01 Full accounts made up to 2024-02-295 December 2024AA Confirmation statement made on 2024-03-29 with no updates9 April 2024CS01 Full accounts made up to 2023-02-2818 January 2024AA Director's details changed for Mr Winston Sanjeevkumar Soosaipillai on 2023-07-1010 July 2023CH01 Confirmation statement made on 2023-03-29 with updates29 March 2023CS01 Certificate of change of name15 March 2023CERTNM Appointment of Mr Alessandro Agostini as a director on 2023-03-1415 March 2023AP01 Appointment of Mr Iain Charles Mckendrick as a director on 2023-03-1415 March 2023AP01 Termination of appointment of State Oil Limited as a director on 2023-03-1415 March 2023TM01 Accounts for a dormant company made up to 2022-02-2819 October 2022AA Confirmation statement made on 2022-08-14 with updates18 August 2022CS01 Appointment of State Oil Limited as a director on 2022-07-291 August 2022AP02 Accounts for a small company made up to 2021-08-2827 June 2022AA Termination of appointment of Don Camillo Emilio Borneo as a director on 2022-05-297 June 2022TM01 Current accounting period shortened from 2022-08-28 to 2022-02-2812 January 2022AA01 Re-registration of Memorandum and Articles11 January 2022MAR
Auditor's statement11 January 2022AUDS
Re-registration from a private company to a public company11 January 2022RR01
Certificate of change of name and re-registration from Private to Public Limited Company11 January 2022CERT7
Auditor's report11 January 2022AUDR
Balance Sheet11 January 2022BS
Certificate of change of name11 January 2022CERTNM Change of name notice11 January 2022CONNOT
Statement of capital following an allotment of shares on 2021-11-1718 November 2021SH01 Previous accounting period extended from 2021-02-28 to 2021-08-2812 November 2021AA01 Confirmation statement made on 2021-08-14 with updates24 August 2021CS01 Accounts for a dormant company made up to 2020-02-2915 February 2021AA Certificate of change of name8 December 2020CERTNM Confirmation statement made on 2020-08-14 with updates14 August 2020CS01 Change of details for State Oil Limited as a person with significant control on 2020-07-0714 August 2020PSC05 Registered office address changed from Prax House Horizon Business Village 1 Brooklands Road Weybridge Surrey KT13 0TJ United Kingdom to Harvest House Horizon Business Village 1 Brooklands Road Weybridge Surrey KT13 0TJ on 2020-07-2323 July 2020AD01 Director's details changed for Mr Don Camillo Emilio Borneo on 2020-07-0722 July 2020CH01 Director's details changed for Mr Winston Sanjeevkumar Soosaipillai on 2020-07-0714 July 2020CH01 Termination of appointment of Arani Soosaipillai as a secretary on 2020-04-2122 April 2020TM02 Appointment of Elemental Company Secretary Limited as a secretary on 2020-04-2122 April 2020AP04 Registered office address changed from Level 37, 25 Canada Square London E14 5LQ to Prax House Horizon Business Village 1 Brooklands Road Weybridge Surrey KT13 0TJ on 2020-03-044 March 2020AD01 Appointment of Arani Soosaipillai as a secretary on 2020-02-284 March 2020AP03 Appointment of Mr Don Camillo Emilio Borneo as a director on 2020-02-284 March 2020AP01 Appointment of Mr Winston Sanjeev Kumar Soosaipillai as a director on 2020-02-284 March 2020AP01 Termination of appointment of Csc Corporate Services (Uk) Limited as a secretary on 2020-02-284 March 2020TM02 Cessation of Csc Corporate Services (Uk) Limited as a person with significant control on 2020-02-284 March 2020PSC07 Notification of State Oil Limited as a person with significant control on 2020-02-284 March 2020PSC02 Termination of appointment of Aline Sternberg as a director on 2020-02-284 March 2020TM01 Termination of appointment of Csc Directors (No.2) Limited as a director on 2020-02-284 March 2020TM01 Termination of appointment of Csc Directors (No.1) Limited as a director on 2020-02-284 March 2020TM01 Current accounting period shortened from 2020-08-31 to 2020-02-2819 September 2019AA01 Incorporation15 August 2019NEWINC What this means for you
If you are a creditor
Contact the administrator (Teneo Financial Advisory Limited) to register your claim. You cannot start or continue legal action against the company without the court's or administrator's permission. Unsecured creditors are typically paid last.
A creditor's checklist →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
Orders, deposits and warranties may be affected. Deposits paid are usually unsecured claims. Contact the administrator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the appointment are an unsecured claim. Check whether any retention-of-title clause applies to goods you can identify and recover.
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 Prax Exploration & Production PLC in administration?
- Yes. Prax Exploration & Production PLC (company number 12157790) entered administration on 3 October 2025. Daniel James Mark Smith of Teneo Financial Advisory Limited was appointed as administrator.
- Who is the administrator of Prax Exploration & Production PLC?
- Daniel James Mark Smith, a licensed insolvency practitioner at Teneo Financial Advisory Limited, was appointed administrator of Prax Exploration & Production PLC on 3 October 2025. Creditors can contact the administrator directly to submit a claim.
- What does Prax Exploration & Production PLC do?
- Prax Exploration & Production PLC's registered nature of business is support activities for petroleum and natural gas mining (SIC 09100).
- Where is Prax Exploration & Production PLC based?
- Prax Exploration & Production PLC's registered office is C/O TENEO FINANCIAL ADVISORY LTD, Birmingham, B4 6AT. The registered office is the address held on the public register, which is not always the trading address.
- When was Prax Exploration & Production PLC founded?
- Prax Exploration & Production PLC was incorporated on 15 August 2019, 6 years before the administrator was appointed.
- What is Prax Exploration & Production PLC's company number?
- Prax Exploration & Production PLC's registered company number is 12157790.
- Who has significant control of Prax Exploration & Production PLC?
- 1 active person with significant control over Prax Exploration & Production PLC is on the register: State Oil Limited.
- Are jobs at Prax Exploration & Production PLC at risk?
- When a company enters administration the administrator decides whether to continue trading, sell the business as a going concern, or wind it down. Employees can contact the administrator (Teneo Financial Advisory Limited) for any update on their role, and may be able to claim from the Redundancy Payments Service if their job is made redundant.
- What does administration mean for creditors of Prax Exploration & Production PLC?
- Administration is a formal insolvency process that gives a company protection from creditors while an administrator tries to rescue it or achieve a better result than liquidation. Creditors cannot start or continue legal action without permission. Unsecured creditors are usually paid last, often only a portion of what they are owed, if anything.
- When did Prax Exploration & Production PLC go into administration?
- Prax Exploration & Production PLC went into administration on 3 October 2025.
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