PRAX TREASURY LIMITED - Profile & Financials

Accounts Submitted 12 Nov 2024

Confirmation Statement Submitted 4 Feb 2025

Net assets £-2.27M £2.41M 2024 year on year

Total assets £549.90M £1.39M 2024 year on year

Total Liabilities £552.18M £3.80M 2024 year on year

Charges 1

1 outstanding

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Contact & Details

Contact

Update Details

Registered Address

C/O Teneo Financial Advisory Limited The Colmore Building 20 Colmore Circus Queensway Birmingham B4 6AT

Credit Report

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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

£2.43M

Increased by £1.49M (+158%)

Net Assets

-£2.27M

Decreased by £2.41M (-1825%)

Total Liabilities

£552.18M

Increased by £3.80M (+1%)

Turnover

N/A

Employees

Debt Ratio

100%

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

Officers

2 active 1 resigned

Show resigned officers

						Status
Elemental Company Secretary Limited	Corporate-secretary	United Kingdom	Unknown	—	29 Jan 2021	Active
Winston Sanjeevkumar Soosaipillai	Director	British	England	52	29 Jan 2021	Active

Shareholders

Shareholders (1)


State Oil Limited	100.0%	2	Ordinary	30 Jan 2022

Persons with Significant Control

Persons with Significant Control (1)

1 Active

State Oil Limited

United Kingdom

Active

Notified 29 Jan 2021

Nature of Control

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

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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 TREASURY LIMITED Current Company

Charges

1 outstanding

Documents

Company Filings

Date	Category	Description	Document
17 Sept 2025	Insolvency	Liquidation In Administration Statement Of Affairs With Form Attached	View(11 pages)
9 Sept 2025	Insolvency	Liquidation In Administration Result Creditors Meeting	View(114 pages)
19 Aug 2025	Insolvency	Liquidation In Administration Proposals	View(112 pages)
7 Jul 2025	Address	Change Registered Office Address Company With Date Old Address New Address	View(3 pages)
7 Jul 2025	Insolvency	Liquidation In Administration Appointment Of Administrator	View(4 pages)