PRAX EXPLORATION & PRODUCTION PLC - Profile & Financials

Accounts Submitted 5 Dec 2024

Confirmation Statement Submitted 1 Apr 2025

Net assets £1.09M £1.08M 2024 year on year

Total assets £81.09M £81.07M 2024 year on year

Total Liabilities £79.99M

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

C/O TENEO FINANCIAL ADVISORY LTD The Colmore Building, 20 Colmore Circus Queensway Birmingham B4 6AT

Credit Report

Discover PRAX EXPLORATION & PRODUCTION PLC's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2022–2024)

Cash in Bank

N/A

Decreased by £17.34k (-100%)

Net Assets

£1.09M

Increased by £1.08M (+6210%)

Total Liabilities

£79.99M

Turnover

N/A

Employees

N/A

Debt Ratio

99%

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 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

1 Allotment 49,999 Shares £50k Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
17 Nov 2021	ORDINARY	49,999	£50k	£1

Officers

4 active 8 resigned

Show resigned officers

						Status
Alessandro Agostini	Director	British,italian	United Kingdom	54	14 Mar 2023	Active
Elemental Company Secretary Limited	Corporate-secretary	United Kingdom	Unknown	—	21 Apr 2020	Active
Iain Charles Mckendrick	Director	British	Scotland	61	14 Mar 2023	Active
Nicholas John Pike	Director	British	United Kingdom	63	6 Jul 2025	Active

Shareholders

Shareholders (1)


State Oil Limited	100.0%	50,000	Ordinary	18 Aug 2022

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

State Oil Limited

United Kingdom

Active

Notified 28 Feb 2020

Nature of Control

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

Corporate Services (uk) Limited

Ceased 28 Feb 2020

Ceased

See All Controllers

Group Structure

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 EXPLORATION & PRODUCTION PLC Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
3 Dec 2025	Insolvency	Liquidation In Administration Statement Of Affairs With Form Attached	View(9 pages)
30 Oct 2025	Insolvency	Liquidation In Administration Result Creditors Meeting	View(59 pages)
9 Oct 2025	Insolvency	Liquidation In Administration Proposals	View(57 pages)
3 Oct 2025	Insolvency	Liquidation In Administration Appointment Of Administrator	View(3 pages)
3 Oct 2025	Address	Change Registered Office Address Company With Date Old Address New Address	View(3 pages)