Winding-Up Orders Issued for Prax Terminals Jarrow and Prax Downstream UK
In a significant development within the UK corporate landscape, winding-up orders have been issued against Prax Terminals Jarrow Limited and Prax Downstream UK Limited, following legal proceedings earlier this month. The court has appointed Gareth Jonathan Allen, the Official Receiver, to oversee the liquidation process for both companies.
Details of the Liquidation Process
On 12 November 2025, a formal winding-up order was mandated for Prax Downstream UK Limited, just a few months after the same action was taken against Prax Terminals Jarrow Limited on 22 July 2025. As part of the liquidation process, Allen will be supported by Special Managers from FTI Consulting LLP, including Matthew Callaghan, Andrew Johnson, Joanne Hewitt-Schembri, and Samuel Ballinger, in fulfilling the statutory obligations of the Official Receiver.
Responsibilities and Investigations
The role of the Official Receiver is crucial, as he is tasked with winding up the companies in adherence to his statutory duties. Furthermore, Allen must conduct an investigation into the reasons behind the companies’ insolvency and assess the conduct of both current and former directors.
Information for Stakeholders
Customers and Suppliers
Customers and suppliers of Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, and the aforementioned companies are encouraged to reach out to the Special Managers for queries. Customers should contact them via email at PLOR.customers@fticonsulting.com, while suppliers can connect through PLOR.suppliers@fticonsulting.com.
Creditors
Individuals or entities that have not received payment for goods or services supplied to any of the affected companies or have paid for undelivered goods should register as creditors in the liquidation process. A Proof of Debt form is available on GOV.UK, which must be filled out and sent alongside supporting documents to the Liquidator at PLOR.Creditor@Insolvency.gov.uk.
Sub-Contractors
Sub-contractors who are owed money from any of these companies should also submit a Proof of Debt using the same process. For inquiries concerning other businesses within the State Oil group, affected individuals are advised to reach out directly to those companies.
Background Context
The situation surrounding the Prax companies highlights ongoing challenges within the energy and resources sector in the UK, exacerbated by fluctuating market conditions and increasing operational difficulties. The wind-up orders reflect a broader trend of corporate restructurings and insolvencies, further complicating the landscape for stakeholders involved.
Source: official statements, news agencies, and public reports.
https://www.gov.uk/government/news/prax-lindsey-oil-refinery-limited-prax-storage-lindsey-limited-and-prax-terminals-killingholme-limited-in-liquidation-information-for-customers-sup
