{"name":"STATE OIL LIMITED","company_number":"04112423","status":"In Administration","type":"Private Limited Company","incorporated":"2000-11-22","dissolved":null,"registered_office":"C/O Teneo Financial Advisory Limited The Colmore Building 20, Colmore Circus Queensway, Birmingham, B4 6AT","postcode":"B4 6AT","sic_codes":[{"code":46711,"description":"Wholesale of petroleum and petroleum products"},{"code":47300,"description":"Retail sale of automotive fuel in specialised stores"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Group","year_end":"28 February","last_made_up_to":"2024-02-28","next_due":"2025-11-30"},"employees":null,"financials":[],"officers":{"current":6,"resigned":5,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":10,"outstanding":9},"gazette_notices":[{"date":"2025-07-04","kind":"insolvency"}],"insolvency_outcome":null,"ai_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.","website":"https://www.prax.com/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/state-oil","people":"https://www.companiesintheuk.co.uk/company/state-oil/people","filing_history":"https://www.companiesintheuk.co.uk/company/state-oil/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/04112423","gazette":"https://www.companiesintheuk.co.uk/company/state-oil/gazette","control":"https://www.companiesintheuk.co.uk/company/state-oil/control","charges":"https://www.companiesintheuk.co.uk/company/state-oil/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/state-oil/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/state-oil"}