State OIL Limited (04112423): administration
- Status
- In administration
- Administration began
- 2025-06-30
- Administrators
- Matthew Steven Roe, Paul James Meadows, Clare Boardman
- Administrators' firm
- Teneo
- Incorporated
- 2000-11-22
- Location
- Birmingham
- Industry
- 46711 Wholesale of petroleum and petroleum products
Why it went into administration
- Cash flow / liquidity pressure
- Management failings / irregularities
- HMRC / tax arrears
- Creditor pressure / legal action
- Parent or group failure
From the administrators' statement
Group overview
The Companies form part of the Prax Group (“the Group”), a global, integrated and diversified upstream, midstream and downstream energy group. Over the last 20 years plus, the Group has established operations in refining, trading, storage, distribution and retail sale of crude oil, petroleum products and biofuels. The Group reported revenue of $10.2bn for its year ended February 2024.
Below we have summarised the Group’s key operating areas by division. Various parts of the Group remain outside of an insolvency process, we highlight below where the entities subject to insolvency processes operate within the Group’s divisional structure. Further detail on the administration entities is provided at Appendix 2.
Administrators' statement of proposals (2025-08-19) · Companies House register