STATE OIL LIMITED, B4 6AT : Companies House Number 04112423

Executive summary

State Oil Limited’s entry into administration highlights the extreme financial fragility of mid-tier, vertically integrated operators within the UK downstream petroleum sector. Despite the theoretical advantages of controlling the supply chain from refining to retail forecourts via the Prax Group, the company succumbed to the sector's intense working capital demands, margin compression, and high debt servicing costs. This collapse underscores the vulnerability of independent fuel distributors when squeezed between volatile global commodity prices and a hyper-competitive domestic retail landscape dominated by supermarket and global oil majors.

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Overview

Company type: Private Limited Company
Incorporated: 2000-11-22
Registered office: C/O Teneo Financial Advisory Limited The Colmore Building 20, Colmore Circus Queensway, Birmingham, B4 6AT
Postcode: B4 6AT
Capital: 1,000,000 GBP
Accounts category: Group
Charges: 9 outstanding

Accounts

Last made up to: 2024-02-28
Next due by: 2025-11-30
Financial year end: 28 February

Confirmation statement

Last statement dated: 2024-11-10
Next due by: 2025-11-24

View filing history →

Nature of business (SIC)

46711 Wholesale of petroleum and petroleum products
47300 Retail sale of automotive fuel in specialised stores

Officers 6 current · 5 resigned

Director

Subscribers only Appointed 2021-12-29

Director

Appointed 2021-12-29

Director

Appointed 2021-11-08

ELEMENTAL COMPANY SECRETARY LIMITED Secretary · corporate

Appointed 2020-04-21

Director

Appointed 2009-09-01

View all officers and resignations →

Group structure 20 subsidiaries

Controlled by PRAX GROUP LIMITED — since 2022-05-24

PRAX LIMITED
AXIS LOGISTICS LIMITED In Administration
HARVEST ENERGY (FUEL CARDS) LIMITED Liquidation
HARVEST ENERGY GROUP LIMITED Liquidation
HARVEST ENERGY MARINE LIMITED Liquidation
PRAX AIR LIMITED Dissolved
PRAX CAPITAL LIMITED Dissolved
PRAX DERIVATIVES LIMITED Dissolved
PRAX ENERGY LIMITED Dissolved
PRAX EXPLORATION & PRODUCTION PLC In Administration
PRAX FUELS LIMITED Dissolved
PRAX GAS AND POWER LIMITED Dissolved

Showing 12 of 20.

From persons-with-significant-control filings on the public register.

Modern slavery statement

Registered a modern slavery statement for 2024 (period to 2024-02-29) as part of the PRAX GROUP LIMITED group statement — 4 years on the registry.

Read the statement summary on the government modern slavery statement registry. Contains public sector information licensed under the Open Government Licence v3.0.

Contact details

Website: stateoil.co.uk

The Prax Group is a leading oil refining, storage, distribution and sales conglomerate dealing in crude oil, petroleum products and bio-fuels.

Previous registered addresses 4

Address	Changed on
PRAX HOUSE HORIZON BUSINESS VILLAGE, 1 BROOKLANDS ROAD, WEYBRIDGE, SURREY, KT13 0TJ	2020-07-23
1 OLD WATFORD ROAD, BRICKET WOOD, ST ALBANS, HERTFORDSHIRE, AL2 3RS	2013-11-01
C/O SIVA PALAN & CO, 214 LAMPTON ROAD, HOUNSLOW, MIDDLESEX TW3 4EX	2001-02-26
C/O MESSRS SIVA PALAU & CO, 214 LAMPTON ROAD, HOUNSLOW, MIDDLESEX TW3 4EX	2000-12-21

The class of 2000

41%

of the 75,535 companies incorporated in 2000 are still active today; 56% have since been dissolved.

A fact about the year, not a forecast for this company.

Survival rates for every incorporation year →

Property in England & Wales 2 titles

Leasehold: 2
Most recent registration: 2005-01-07
Where: South Gloucestershire (1), Cambridgeshire (1)

Title number	County	Tenure	Registered	Price paid
GR278525	South Gloucestershire	Leasehold	2005-01-07	—
CB271093	Cambridgeshire	Leasehold	2003-04-07	—

For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).