Administrator.uk
Home › Companies in Administration › Retail › Prax Petroleum Limited

Is Prax Petroleum Limited in administration?

Last verified 11 July 2026
In AdministrationYes, Prax Petroleum Limited (company number 04595500) entered administration on 7 July 2025. Paul James Meadows of Teneo Financial Advisory Limited was appointed as administrator.

Do you deal with companies like Prax Petroleum Limited? Add up to 5 companies free. We'll email you the day one enters administration.

Free, no card. We'll send a one-click sign-in link, no password to remember.

Prefer the earlier signs? Protect catches the pattern that builds, well before it's official. See how it works →

Prax Petroleum Limited 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

StatusIn Administration
Company number04595500
Incorporated20 November 2002 (24 years old)
Registered officeC/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT
Nature of business (SIC)46711: Wholesale of petroleum and petroleum products (Retail)
Date entered administration7 July 2025
AdministratorPaul James Meadows, Teneo Financial Advisory Limited (licensed insolvency practitioner)
Official noticeView the official notice ↗
Statement of AffairsFiled 17 September 2025, declared assets & liabilities ↗
Public registerView filing history ↗

About the business

Prax Petroleum Limited is a retail business based in Birmingham, incorporated in 2002 and 23 years old when the administrator was appointed. Its registered activity is wholesale of petroleum and petroleum products (SIC 46711). There have been 8 director appointments since incorporation, of which 2 were on the board when the administrator was appointed, alongside 1 person with significant control. 78 charges have been registered against the company, 16 of which are still outstanding.

Directors

8 people have been appointed as directors of Prax Petroleum Limited.

DirectorStatusResigned
Winston Sanjeevkumar Soosaipillai+ 14 othersActive—
Elemental Company Secretary Limited+ 21 othersActive—
Don Camillo Emilio Borneo+ 1 otherResigned29 May 2022
Arani Soosaipillai+ 6 othersResigned21 Apr 2020
Roderick Prowse+ 1 otherResigned9 Jul 2015
Arani Soosaipillai+ 6 othersResigned1 Apr 2009
Statutory Managements Limited+ 13 othersResigned20 Nov 2002
Worldform Limited+ 13 othersResigned20 Nov 2002

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.

1 ceased control
  • Mr Winston Sanjeev Kumar Soosaipillai · ceased 6 Apr 2016

Charges register

Secured creditors and encumbrances against the company. 16 outstanding · 62 satisfied.

Status · Creditor · Type · Dates
OutstandingMizrahi Tefahot Bank Limited
A registered charge · Created 27 Feb 2025 · Pending
OutstandingRaiffeisen Bank International Ag
A registered charge · Created 1 Jul 2024 · Pending
OutstandingHsbc UK Bank PLC
A registered charge · Created 26 Apr 2024 · Pending
OutstandingHsbc UK Bank PLC
A registered charge · Created 26 Apr 2024 · Pending
OutstandingHsbc UK Bank PLC
A registered charge · Created 26 Apr 2024 · Pending
72 earlier charges · 2005 to 2024
OutstandingHsbc UK Bank PLC
A registered charge · Created 2 Feb 2024 · Pending
OutstandingQuintar Kimura Special Credit Fund Limited
A registered charge · Created 28 Dec 2023 · Pending
OutstandingQuintar Kimura Special Credit Fund Limited
A registered charge · Created 22 Dec 2023 · Pending
SatisfiedBanque De Commerce Et De Placements Sa
A registered charge · Created 14 Nov 2023 · Satisfied 15 Sep 2025
SatisfiedBanque De Commerce Et De Placements Sa
A registered charge · Created 14 Nov 2023 · Satisfied 15 Sep 2025
SatisfiedSociete Generale
A registered charge · Created 7 Dec 2022 · Satisfied 16 Jan 2024
SatisfiedSociete Generale
A registered charge · Created 14 Nov 2022 · Satisfied 16 Jan 2024
SatisfiedSociete Generale
A registered charge · Created 27 Jul 2022 · Satisfied 16 Jan 2024
SatisfiedSociete Generale
A registered charge · Created 20 Jul 2022 · Satisfied 16 Jan 2024
OutstandingBanque Internationale De Commerce - Bred (Suisse) Sa
A registered charge · Created 4 Apr 2022 · Pending
OutstandingBanque Internationale De Commerce - Bred (Suisse) Sa
A registered charge · Created 24 Mar 2022 · Pending
SatisfiedGazprombank (Switzerland) LTD
A registered charge · Created 16 Feb 2022 · Satisfied 1 Aug 2022
SatisfiedGazprombank (Switzerland) LTD
A registered charge · Created 16 Feb 2022 · Satisfied 1 Aug 2022
SatisfiedGazprombank (Switzerland) LTD
A registered charge · Created 16 Feb 2022 · Satisfied 1 Aug 2022
OutstandingGarantibank International N.V.
A registered charge · Created 12 May 2021 · Pending
OutstandingRaiffeisen Bank International Ag
A registered charge · Created 1 Apr 2021 · Pending
OutstandingRaiffeisen Bank International Ag
A registered charge · Created 1 Apr 2021 · Pending
SatisfiedCitibank, N.A., London Branch
A registered charge · Created 14 Sep 2020 · Satisfied 11 Mar 2021
SatisfiedCa Indosuez (Switzerland) Sa
A registered charge · Created 3 Jul 2020 · Satisfied 24 Oct 2023
OutstandingUbs Switzerland Ag
A registered charge · Created 27 Apr 2020 · Pending
OutstandingNatixis
A registered charge · Created 20 Nov 2019 · Pending
SatisfiedSociété Générale, Paris, Zurich Branch
A registered charge · Created 17 Oct 2019 · Satisfied 16 Jan 2024
SatisfiedSociété Générale, Paris, Zürich Branch
A registered charge · Created 17 Oct 2019 · Satisfied 16 Jan 2024
SatisfiedCa Indosuez (Switzerland) Sa
A registered charge · Created 6 Aug 2019 · Satisfied 24 Oct 2023
SatisfiedCa Indosuez (Switzerland) S.A.
A registered charge · Created 11 Jul 2019 · Satisfied 24 Oct 2023
SatisfiedCa Indosuez (Switzerland) S.A.
A registered charge · Created 11 Jul 2019 · Satisfied 24 Oct 2023
SatisfiedGazprombank (Switzerland) LTD
A registered charge · Created 20 Oct 2017 · Satisfied 1 Aug 2022
SatisfiedGazprombank (Switzerland) Ag
A registered charge · Created 10 Oct 2017 · Satisfied 1 Aug 2022
SatisfiedSociete Generale as Finance Provider
A registered charge · Created 13 Sep 2017 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Switzerland) LTD
A registered charge · Created 9 May 2017 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Switzerland) LTD
A registered charge · Created 9 May 2017 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Switzerland) LTD
A registered charge · Created 9 May 2017 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Switzerland) LTD
A registered charge · Created 9 May 2017 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Switzerland) LTD.
A registered charge · Created 7 Apr 2017 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Schweiz) Ag
A registered charge · Created 23 Feb 2017 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Schweiz) Ag
A registered charge · Created 23 Feb 2017 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Schweiz) Ag
A registered charge · Created 20 Nov 2016 · Satisfied 28 Mar 2022
SatisfiedCredit Suisse (Schweiz) Ag
A registered charge · Created 20 Nov 2016 · Satisfied 28 Mar 2022
SatisfiedBanque De Commerce Et De Placements Sa
A registered charge · Created 20 May 2016 · Satisfied 15 Sep 2025
SatisfiedLloyds Bank PLC
A registered charge · Created 14 Mar 2016 · Satisfied 28 Mar 2022
OutstandingNatixis
A registered charge · Created 21 Jan 2016 · Pending
SatisfiedBarclays Bank PLC (As Security Agent)
A registered charge · Created 18 Dec 2015 · Satisfied 28 Mar 2022
SatisfiedSociete Generale
A registered charge · Created 12 Nov 2015 · Satisfied 16 Jan 2024
SatisfiedLloyds Bank PLC
A registered charge · Created 13 Aug 2015 · Satisfied 28 Mar 2022
SatisfiedBarclays Bank PLC (As Security Agent)
A registered charge · Created 26 Jun 2015 · Satisfied 28 Mar 2022
SatisfiedSantander UK PLC
A registered charge · Created 29 Sep 2014 · Satisfied 11 Mar 2021
SatisfiedSantander UK PLC
A registered charge · Created 8 Aug 2014 · Satisfied 11 Mar 2021
SatisfiedBarclays Bank PLC
A registered charge · Created 8 Aug 2014 · Satisfied 28 Mar 2022
SatisfiedLloyds Bank PLC (Formerly K/a Lloyds Tsb Bank PLC)
A registered charge · Created 28 Feb 2014 · Satisfied 28 Mar 2022
SatisfiedBanque Cantonale De Geneve
General pledge agreement · Created 12 Jun 2012 · Satisfied 18 Oct 2013
SatisfiedBanque Cantonale De Geneve
Letter of pledge · Created 12 Jun 2012 · Satisfied 18 Oct 2013
SatisfiedBanque Cantonale De Geneve
Letter of hypothecation · Created 12 Jun 2012 · Satisfied 18 Oct 2013
SatisfiedBanque Cantonale De Geneve
Deed of assignment of receivables · Created 12 Jun 2012 · Satisfied 18 Oct 2013
SatisfiedCredit Suisse Ag
Assignment · Created 22 May 2012 · Satisfied 28 Mar 2022
SatisfiedLloyds Tsb Bank PLC
Debenture · Created 19 Mar 2010 · Satisfied 28 Mar 2022
SatisfiedLloyds Tsb Bank PLC
Memorandum of pledge and hypothecation of goods · Created 16 Mar 2010 · Satisfied 28 Mar 2022
SatisfiedLloyds Tsb Bank PLC
Deposit agreement · Created 16 Mar 2010 · Satisfied 5 May 2022
SatisfiedLloyds Tsb Bank PLC
Deposit agreement · Created 16 Mar 2010 · Satisfied 28 Mar 2022
SatisfiedLloyds Tsb Bank PLC
Deposit agreement · Created 16 Mar 2010 · Satisfied 28 Mar 2022
SatisfiedLloyds Tsb Bank PLC
An omnibus guarantee and set-off agreement · Created 16 Mar 2010 · Satisfied 28 Mar 2022
SatisfiedIng Belgium, Brussels, Geneva Branch
Tripartite agreement · Created 23 Mar 2009 · Satisfied 4 May 2012
SatisfiedBnp Paribas (Suisse) Sa
Trade finance security agreement · Created 9 Mar 2009 · Satisfied 28 Mar 2022
SatisfiedCredit Agricole (Suisse) S.A.
Tripartite security agreement · Created 6 Mar 2009 · Satisfied 24 Oct 2023
SatisfiedCredit Argricole (Suisse) S.A.
General deed of pledge of goods and assignment of claims · Created 24 Feb 2009 · Satisfied 24 Oct 2023
SatisfiedIng Belgium
Deed of pledge and assignment · Created 20 Feb 2009 · Satisfied 4 May 2012
SatisfiedIng Belgium
Assignment · Created 20 Feb 2009 · Satisfied 4 May 2012
SatisfiedEurofactor (UK) Limited
All asset debenture · Created 15 Jul 2008 · Satisfied 17 Sep 2014
SatisfiedEurofactor (UK) Limited
All assets debenture · Created 3 Jul 2008 · Satisfied 17 Sep 2014
SatisfiedCockett Marine Oil Limited
Debenture · Created 19 Mar 2008 · Satisfied 17 Sep 2008
SatisfiedHsbc Bank PLC
Legal assignment · Created 18 Sep 2006 · Satisfied 20 Mar 2008
SatisfiedHsbc Invoice Finance (UK) LTD ("the Security Holder")
Fixed charge on purchased debts which fail to vest · Created 24 Nov 2005 · Satisfied 20 Mar 2008
SatisfiedHsbc Invoice Finance (UK) LTD ("the Security Holder")
Floating charge (all assets) · Created 24 Nov 2005 · Satisfied 20 Mar 2008
SatisfiedHsbc Bank PLC
Debenture · Created 22 Jun 2005 · Satisfied 20 Mar 2008

What happened

EventDateType
Notice of extension of period of Administration25 June 2026AM19
Administrator's progress report4 February 2026AM10
Statement of affairs17 September 2025AM02
Satisfaction of charge in full15 September 2025MR04
Satisfaction of charge in full15 September 2025MR04
234 earlier events · 2002 to 2025
Satisfaction of charge in full15 September 2025MR04
Result of meeting of creditors9 September 2025AM07
Statement of administrator's proposal19 August 2025AM03
Registered office address changed16 July 2025AD01
Appointment of an administrator7 July 2025AM01
Resolutions10 June 2025RESOLUTIONS
Statement of capital following an allotment of shares19 May 2025SH01
Confirmation statement made with no updates22 April 2025CS01
Registration of charge , created3 March 2025MR01
Full accounts made up12 November 2024AA
Registration of charge , created2 July 2024MR01
Registration of charge , created14 May 2024MR01
Registration of charge , created30 April 2024MR01
Confirmation statement made with updates29 April 2024CS01
Registration of charge , created26 April 2024MR01
Resolutions5 March 2024RESOLUTIONS
Statement of capital following an allotment of shares28 February 2024SH01
Registration of charge , created5 February 2024MR01
Satisfaction of charge in full16 January 2024MR04
Satisfaction of charge in full16 January 2024MR04
Satisfaction of charge in full16 January 2024MR04
Satisfaction of charge in full16 January 2024MR04
Satisfaction of charge in full16 January 2024MR04
Satisfaction of charge in full16 January 2024MR04
Satisfaction of charge in full16 January 2024MR04
Registration of charge , created2 January 2024MR01
Registration of charge , created28 December 2023MR01
Registration of charge , created14 November 2023MR01
Registration of charge , created14 November 2023MR01
Full accounts made up31 October 2023AA
Satisfaction of charge in full24 October 2023MR04
Satisfaction of charge in full24 October 2023MR04
Satisfaction of charge in full24 October 2023MR04
Satisfaction of charge in full24 October 2023MR04
Satisfaction of charge in full24 October 2023MR04
Satisfaction of charge in full24 October 2023MR04
Resolutions21 August 2023RESOLUTIONS
Statement of company's objects16 August 2023CC04
Memorandum and Articles of Association10 August 2023MA
Director's details changed10 July 2023CH01
Confirmation statement made with no updates18 April 2023CS01
Court order30 January 2023OC
Registration of charge , created12 December 2022MR01
Registration of charge , created15 November 2022MR01
Full accounts made up9 November 2022AA
Registration of charge , created9 August 2022MR01
Registration of charge , created2 August 2022MR01
Satisfaction of charge in full1 August 2022MR04
Satisfaction of charge in full1 August 2022MR04
Satisfaction of charge in full1 August 2022MR04
Satisfaction of charge in full1 August 2022MR04
Satisfaction of charge in full1 August 2022MR04
Termination of appointment as a director7 June 2022TM01
Satisfaction of charge in full5 May 2022MR04
Confirmation statement made with no updates15 April 2022CS01
Registration of charge , created8 April 2022MR01
Legacy2 April 2022ANNOTATION
Registration of charge , created31 March 2022MR01
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Satisfaction of charge in full28 March 2022MR04
Registration of charge , created18 February 2022MR01
Registration of charge , created18 February 2022MR01
Registration of charge , created18 February 2022MR01
Full accounts made up2 October 2021AA
Confirmation statement made with no updates13 May 2021CS01
Registration of charge , created12 May 2021MR01
Registration of charge , created14 April 2021MR01
Registration of charge , created14 April 2021MR01
Satisfaction of charge in full11 March 2021MR04
Satisfaction of charge in full11 March 2021MR04
Satisfaction of charge in full11 March 2021MR04
All of the property or undertaking has been released from charge28 October 2020MR05
All of the property or undertaking has been released from charge28 October 2020MR05
All of the property or undertaking has been released from charge28 October 2020MR05
Change of details as a person with significant control13 October 2020PSC05
Full accounts made up12 October 2020AA
Registration of charge , created29 September 2020MR01
Registered office address changed23 July 2020AD01
Director's details changed22 July 2020CH01
Registration of charge , created17 July 2020MR01
Director's details changed14 July 2020CH01
Registration of charge , created13 May 2020MR01
Confirmation statement made with updates27 April 2020CS01
Termination of appointment as a secretary22 April 2020TM02
Appointment as a secretary22 April 2020AP04
Registration of charge , created9 December 2019MR01
Registration of charge , created25 October 2019MR01
Full accounts made up25 October 2019AA
Registration of charge , created24 October 2019MR01
Registration of charge , created15 August 2019MR01
Registration of charge , created26 July 2019MR01
Registration of charge , created26 July 2019MR01
Confirmation statement made with no updates9 May 2019CS01
Notification as a person with significant control9 May 2019PSC02
Cessation as a person with significant control9 May 2019PSC07
Director's details changed11 March 2019CH01
Full accounts made up3 September 2018AA
Confirmation statement made with no updates10 May 2018CS01
Registration of charge , created3 November 2017MR01
Registration of charge , created16 October 2017MR01
Registration of charge , created19 September 2017MR01
Full accounts made up22 August 2017AA
Registration of charge , created17 May 2017MR01
Registration of charge , created17 May 2017MR01
Registration of charge , created17 May 2017MR01
Registration of charge , created17 May 2017MR01
Confirmation statement made with updates4 May 2017CS01
Registration of charge , created27 April 2017MR01
Registration of charge , created28 February 2017MR01
Registration of charge , created28 February 2017MR01
Full accounts made up6 December 2016AA
Registration of charge , created2 December 2016MR01
Registration of charge , created2 December 2016MR01
Registration of charge , created27 May 2016MR01
Annual return made up with full list of shareholders4 May 2016AR01
Registration of charge , created14 March 2016MR01
Registration of charge , created2 February 2016MR01
Registration of charge , created22 December 2015MR01
Registration of charge , created16 November 2015MR01
Registration of charge , created18 August 2015MR01
Full accounts made up10 August 2015AA
Termination of appointment as a director9 July 2015TM01
Memorandum and Articles of Association7 July 2015MA
Resolutions7 July 2015RESOLUTIONS
Registration of charge , created3 July 2015MR01
Annual return made up with full list of shareholders19 May 2015AR01
Registration of charge , created30 September 2014MR01
Satisfaction of charge in full17 September 2014MR04
Satisfaction of charge in full17 September 2014MR04
Resolutions22 August 2014RESOLUTIONS
Registration of charge , created21 August 2014MR01
Registration of charge , created14 August 2014MR01
Full accounts made up12 August 2014AA
Annual return made up with full list of shareholders21 May 2014AR01
Registration of charge13 March 2014MR01
Registered office address changed1 November 2013AD01
Satisfaction of charge in full18 October 2013MR04
Satisfaction of charge in full18 October 2013MR04
Satisfaction of charge in full18 October 2013MR04
Satisfaction of charge in full18 October 2013MR04
Full accounts made up3 July 2013AA
Annual return made up with full list of shareholders21 May 2013AR01
Full accounts made up25 September 2012AA
Legacy14 June 2012MG01
Legacy14 June 2012MG01
Legacy14 June 2012MG01
Legacy14 June 2012MG01
Annual return made up with full list of shareholders29 May 2012AR01
Legacy26 May 2012MG01
Legacy14 May 2012MG02
Legacy14 May 2012MG02
Legacy14 May 2012MG02
Full accounts made up8 July 2011AA
Annual return made up with full list of shareholders15 June 2011AR01
Director's details changed24 January 2011CH01
Secretary's details changed24 January 2011CH03
Director's details changed24 January 2011CH01
Director's details changed24 January 2011CH01
Full accounts made up16 July 2010AA
Annual return made up with full list of shareholders28 May 2010AR01
Resolutions16 April 2010RESOLUTIONS
Memorandum and Articles of Association16 April 2010MEM/ARTS
Legacy31 March 2010MG01
Legacy20 March 2010MG01
Legacy20 March 2010MG01
Legacy20 March 2010MG01
Legacy20 March 2010MG01
Legacy19 March 2010MG01
Full accounts made up16 November 2009AA
Legacy2 October 2009288a
Legacy1 October 2009288a
Legacy27 April 2009363a
Legacy8 April 2009288b
Legacy1 April 2009395
Legacy21 March 2009395
Legacy12 March 2009395
Legacy11 March 2009395
Legacy11 March 2009395
Legacy7 March 2009395
Legacy27 February 200988(2)
Legacy12 December 2008363a
Full accounts made up1 November 2008AA
Legacy17 September 2008403a
Legacy19 July 2008395
Legacy9 July 2008395
Legacy1 April 2008395
Legacy27 March 2008403a
Legacy27 March 2008403a
Legacy27 March 2008403a
Legacy27 March 2008403a
Full accounts made up8 February 2008AA
Legacy7 February 2008363a
Legacy30 January 2007363s
Full accounts made up6 January 2007AA
Legacy20 September 2006395
Full accounts made up4 April 2006AA
Legacy25 November 2005395
Legacy25 November 2005395
Legacy25 November 2005363s
Legacy11 July 2005288a
Legacy24 June 2005395
Legacy18 November 2004363s
Legacy17 August 2004225
Accounts for a dormant company made up26 July 2004AA
Legacy2 February 2004363s
Legacy30 January 2003288a
Legacy30 January 200388(2)R
Legacy30 January 2003287
Legacy30 January 2003288a
Certificate of change of name30 December 2002CERTNM
Certificate of change of name30 December 2002CERTNM
Legacy6 December 2002288b
Legacy6 December 2002288b
Incorporation20 November 2002NEWINC

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

Most suppliers only find out a customer has failed once it is announced. By then it is too late. Protect monitors every company you sell to and emails you as the warning signs build, well before it becomes official. We can't stop a customer failing, but you'll never be the last to know, and you'll know you did all you could.

See how Protect works, £24/mo →

Other retail companies in administration

Retail firms in administration →Companies in administration in Birmingham →All UK companies in administration →

Related guides

What “in administration” means →Can it still trade? →Warning signs in your other customers →Buying its assets? A checklist →What the filings mean →

The bigger picture

The state of UK insolvency →UK administrations this month →Administrations by sector →

Frequently asked questions

Is Prax Petroleum Limited in administration?
Yes. Prax Petroleum Limited (company number 04595500) entered administration on 7 July 2025. Paul James Meadows of Teneo Financial Advisory Limited was appointed as administrator.
Who is the administrator of Prax Petroleum Limited?
Paul James Meadows, a licensed insolvency practitioner at Teneo Financial Advisory Limited, was appointed administrator of Prax Petroleum Limited on 7 July 2025. Creditors can contact the administrator directly to submit a claim.
What does Prax Petroleum Limited do?
Prax Petroleum Limited's registered nature of business is wholesale of petroleum and petroleum products (SIC 46711). It is classified in the retail sector.
Where is Prax Petroleum Limited based?
Prax Petroleum Limited's registered office is C/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT. The registered office is the address held on the public register, which is not always the trading address.
When was Prax Petroleum Limited founded?
Prax Petroleum Limited was incorporated on 20 November 2002, 23 years before the administrator was appointed.
What is Prax Petroleum Limited's company number?
Prax Petroleum Limited's registered company number is 04595500.
Who has significant control of Prax Petroleum Limited?
1 active person with significant control over Prax Petroleum Limited is on the register: State Oil Limited.
Does Prax Petroleum Limited have any outstanding charges?
16 outstanding charges are registered against Prax Petroleum Limited out of 78 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
Are jobs at Prax Petroleum Limited 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 Petroleum Limited?
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 Petroleum Limited go into administration?
Prax Petroleum Limited went into administration on 7 July 2025.

Report an error on this page·Not financial, credit or legal advice.