The court approves the judicial dissolution of three key companies of the Prax Group following the request of the Official Receiver.
On June 30, 2025, a United Kingdom court issued a formal winding-up order against three Prax group companies: Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited and Prax Terminals Killingholme Limited.
The court appointed official receiver Gareth Jonathan Allen as primary liquidator. Four special administrators from FTI Consulting LLP, Matthew Callaghan, Andrew Johnson, Joanne Hewitt-Schembri and Samuel Ballinger, were appointed to support this process.
According to Argus Media, employees were still working at the time of the court ruling, although future operational…