PRAX DOWNSTREAM UK LIMITED - Profile & Financials

Accounts Submitted 14 Mar 2025

Confirmation Statement Submitted 30 Jun 2025

Net assets £481.41M £106.00K 2023 year on year

Total assets £561.45M £80.11M 2023 year on year

Total Liabilities £80.04M £80.01M 2023 year on year

Charges 4

3 outstanding 1 satisfied

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Contact & Details

Contact

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Registered Address

Harvest House Horizon Business Village 1 Brooklands Road Weybridge Surrey KT13 0TJ United Kingdom

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2013–2023)

Cash in Bank

N/A

Net Assets

£481.41M

Increased by £106.00k (+0%)

Total Liabilities

£80.04M

Increased by £80.01M (+250025%)

Turnover

£114.00k

Employees

N/A

Debt Ratio

14%

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

3 Allotments 672,700,000 Shares £672.70m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
18 Feb 2021	ORDINARY	267,700,000	£267.70m	£267.70m
21 Jan 2021	ORDINARY	30,000,000	£30.00m	£30.00m
24 Mar 2015	ORDINARY	375,000,000	£375.00m	£375.00m

Officers

2 active 49 resigned

Show resigned officers

						Status
Elemental Company Secretary Limited	Corporate-secretary	United Kingdom	Unknown	—	1 Mar 2021	Active
Nicholas John Pike	Director	British	United Kingdom	63	4 Jul 2025	Active

Shareholders

Shareholders (1)


Elf Petroleum Uk Ltd	100.0%	607,000,000	Ordinary	14 Jul 2016

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Prax Refining Limited

United Kingdom

Active

Notified 1 Mar 2021

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

Elf Petroleum Uk Limited

Ceased 1 Mar 2021

Ceased

See All Controllers

Group Structure

PRAX REFINING LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

STATE OIL LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

PRAX GROUP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

PRAX GROUP HOLDINGS LIMITED united kingdom

PRAX DOWNSTREAM UK LIMITED Current Company

PRAX LINDSEY OIL REFINERY LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

3 outstanding 1 satisfied

Documents

Company Filings

Date	Category	Description	Document
4 Dec 2025	Insolvency	Liquidation Compulsory Winding Up Order	View(3 pages)
26 Jul 2025	Officers	Change to director Nicholas John Pike on 2025-07-22	View(2 pages)
18 Jul 2025	Officers	Appointment of Nicholas John Pike as director on 2025-07-04	View(2 pages)
18 Jul 2025	Officers	Termination of Winston Sanjeevkumar Soosaipillai as director on 2025-07-04	View(1 page)
30 Jun 2025	Confirmation Statement	Confirmation statement made on 2025-06-27 with no updates	View(3 pages)