● In administration
PRAX EXPLORATION & PRODUCTION PLC
PRAX EXPLORATION & PRODUCTION PLC is tracked from The Gazette and Companies House public record. In administration proceedings were first recorded on 2 October 2025.
The timeline · incorporation → liquidation
15 Aug 2019
Incorporated
Registered as 12157790. Mining.
19 Sep 2019
First accounts filed
change-account-reference-date-company-current-shortened
28 Feb 2020
Board changes begin
First of the director resignations before failure.
5 Dec 2024
Latest accounts filed
accounts-with-accounts-type-full
2 Oct 2025
Administrators appointed
In administration.
2 Oct 2025
Gazette notice published
Notice 4971928 in The Gazette.
What the data was telling us
Readings from The Gazette and Companies House, in the firm's final two years.
Insolvency status● Administration
StatusIn administration
Gazette refNotice 4971928
EditionThe Gazette
Appointed byDirectors or a floating-charge holder
UnderInsolvency Act 1986, Sch. B1
Ownership & control● PSC register
Beneficial ownerState Oil Limited
ControlOwnership of shares 75 to 100%
Owner typeCorporate / legal entity
Controllers1 on record
Filing trajectory● Late filing
Incorporated15 Aug 2019
Last accounts5 Dec 2024
Confirmation stmtFiled
Account typeFull
Director stability● Board churn
Appointments9 since 2019
Resignations1 in final 12 mths
Active directors3
Avg tenure1.7 yrs
Director track record● Repeat insolvency
Other appointments65 other companies
Prior insolvencies13 dissolved or insolvent
DisqualificationsNone found
Related companies● Shared ownership
Connected1 via shared ownership
Shared ownerState Oil Limited
Practitioner appointed● Practitioner
PractitionerMatthew Mawhinney
FirmTeneo Financial
RoleAdministrator
IP numberIP 27290
Appointed29 Sep 2025
View profile →The full forensic report
Every charge, every filing, every appointment, in one dossier.
Director histories across related entities, the full debenture instrument, creditor estimates, and the practitioner's record on comparable cases for PRAX EXPLORATION & PRODUCTION PLC.