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Prime Energy Markets Limited Is Prime Energy Markets Limited in administration?
Last verified 5 June 2026
Yes, Prime Energy Markets Limited (company number SC541970) entered administration on 30 July 2025.
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Prime Energy Markets 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
| Status | In Administration |
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| Company number | SC541970 |
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| Incorporated | 4 August 2016 (10 years old) |
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| Registered office | C/O Quantuma Advisory Limited, 86a George Street, Edinburgh, EH2 3BU |
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| Nature of business (SIC) | 66120: Security and commodity contracts dealing activities |
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| Date entered administration | 30 July 2025 |
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| Official notice | View the official notice ↗ |
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| Statement of Affairs | Filed 16 September 2025, declared assets & liabilities ↗ |
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| Public register | View filing history ↗ |
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About the business
Prime Energy Markets Limited is a UK limited company based in Edinburgh, incorporated in 2016 and 9 years old when the administrator was appointed. Its registered activity is security and commodity contracts dealing activities (SIC 66120). There have been 4 director appointments since incorporation, of which 1 was on the board when the administrator was appointed, alongside 1 person with significant control.
Directors
4 people have been appointed as directors of Prime Energy Markets Limited.
DirectorStatusAppointedResigned
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.
David Lee Rapp
individual person with significant control · American · Monaco
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
1 ceased control
- Mr Graham Keith Huggins · ceased 21 Aug 2020
What happened
EventDateType
Notice of extension of period of Administration9 June 2026AM19(Scot)
Administrator's progress report12 February 2026AM10(Scot)
Administrator's progress report11 February 2026AM10(Scot)
Approval of administrator’s proposals1 October 2025AM06(Scot)
Statement of affairs16 September 2025AM02(Scot)
+50 earlier events · 2017 to 2025
Notice of Administrator's proposal16 September 2025AM03(Scot)
Statement of affairs10 September 2025AM02(Scot)
Appointment of an administrator30 July 2025AM01(Scot)
Registered office address changed30 July 2025AD01 Termination of appointment as a director28 June 2025TM01 Accounts for a medium company made up1 April 2025AA Compulsory strike-off action has been discontinued5 March 2025DISS40 First Gazette notice for compulsory strike-off4 March 2025GAZ1 Confirmation statement made with updates18 November 2024CS01 Purchase of own shares22 August 2024SH03 Cancellation of shares. Statement of capital22 August 2024SH06 Termination of appointment as a director30 May 2024TM01 Registered office address changed20 February 2024AD01 Confirmation statement made with no updates25 October 2023CS01 Change of details as a person with significant control25 October 2023PSC04 Total exemption full accounts made up29 September 2023AA Appointment as a director27 September 2023AP01 Previous accounting period extended15 June 2023AA01 Confirmation statement made with updates31 October 2022CS01 Total exemption full accounts made up27 October 2022AA Current accounting period shortened30 August 2022AA01 Confirmation statement made with updates28 October 2021CS01 Director's details changed18 August 2021CH01 Director's details changed18 August 2021CH01 Registered office address changed18 August 2021AD01 Director's details changed30 April 2021CH01 Cessation as a person with significant control1 March 2021PSC07 Notification as a person with significant control1 March 2021PSC01 Confirmation statement made with updates23 October 2020CS01 Total exemption full accounts made up16 September 2020AA Memorandum and Articles of Association11 September 2020MA Change of share class name or designation2 September 2020SH08 Memorandum and Articles of Association1 September 2020MA Statement of capital following an allotment of shares28 August 2020SH01 Statement of capital following an allotment of shares28 August 2020SH01 Statement of capital following an allotment of shares28 August 2020SH01 Confirmation statement made with updates7 August 2020CS01 Appointment as a director6 August 2020AP01 Total exemption full accounts made up27 May 2020AA Confirmation statement made with updates7 August 2019CS01 Total exemption full accounts made up18 March 2019AA Confirmation statement made with updates7 August 2018CS01 Total exemption full accounts made up9 May 2018AA Termination of appointment as a director11 December 2017TM01 Confirmation statement made with updates16 August 2017CS01 Incorporation4 August 2016NEWINC What this means for you
If you are a creditor
Contact the administrator 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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See how Protect works, £24/mo →Other companies in administration
Related guides
The bigger picture
Frequently asked questions
- Is Prime Energy Markets Limited in administration?
- Yes. Prime Energy Markets Limited (company number SC541970) entered administration on 30 July 2025.
- What does Prime Energy Markets Limited do?
- Prime Energy Markets Limited's registered nature of business is security and commodity contracts dealing activities (SIC 66120).
- Where is Prime Energy Markets Limited based?
- Prime Energy Markets Limited's registered office is C/O Quantuma Advisory Limited, 86a George Street, Edinburgh, EH2 3BU. The registered office is the address held on the public register, which is not always the trading address.
- When was Prime Energy Markets Limited founded?
- Prime Energy Markets Limited was incorporated on 4 August 2016, 9 years before the administrator was appointed.
- What is Prime Energy Markets Limited's company number?
- Prime Energy Markets Limited's registered company number is SC541970.
- Who has significant control of Prime Energy Markets Limited?
- 1 active person with significant control over Prime Energy Markets Limited is on the register: David Lee Rapp.
- Are jobs at Prime Energy Markets 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 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 Prime Energy Markets 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 Prime Energy Markets Limited go into administration?
- Prime Energy Markets Limited went into administration on 30 July 2025.
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