Lindsey oil refinery owner Prax falls into administration as ministers urged to intervene | Oil

One of the largest oil refineries in the UK – and the only major refinery of an British company – collapsed to the administration and asked the government to intervene urgently to protect fuel materials and businesses.

The owner of the Prax Lindsey Refinery in Northern Lincolnshire, State Oil, on Monday, said that he was concerned about Union Unite, called Sky News, called executives.

Considering that the company’s capacity of 5.4 million tons per year represents almost one tenth of the national total, it is likely that failure will cause headache for government officials. According to SKY, about 180 people work in the Prax Lindsey refinery and 440 more working in state oil.

State oil is a part of the Prax group owned by the husband and wife team Winston and Arani Soosauipillai, which was rarely seen from the sum of the French oil group in 2021.

Prax Lindsey is just one of the five leading oil refineries of the United Kingdom; The rest of them have US and Indian parent companies.

The group also has oil investments in Setland and has approximately 200 gas stations in the UK under the breeze and harvest energy brands, but they are outside the bankruptcy process.

City Consultancy FTI Consultancy and Teneo have been appointed by the government’s official buyer as Lindsey refinery and manager respectively.

Unite Secretary General Sharon Graham said: “Lindsey oil refinery is strategically important and should intervene immediately to protect government workers and fuel resources.

“Unite warned that the government constantly placed the oil and industry on a cliff.

“The government needs a short -term strategy to protect a sustainable long -term plan to fully protect Lindsey’s activity and all oil and gas workers.”

Teneo, the manager of the company, said, “On June 30, 2025, the Supreme Court appointed the official buyer as a liquidation officer. [and] Special executives from FTI Consulting LLP were appointed to assist the liquidation officer in ensuring the continuous safe operation of the site. “

Clare Boardman from Teneo, Clare Boardman, said all options, including the sale of Prax’s upward flow and retail operations in England and Europe.

Prax’s upward flow is a Lancaster oil field in the British North Sea, a geologically complex project, which has been in the early production phase for years.

For the second time in four years, Prax Lindsey’s financial performance has become a matter for government officials.

In 2021, the company said that the loss of £ 228 million from a profit of 1.9 million pounds by a profit of £ 228 million, was injured by Covid Pandemic Crusher for Fuel.

That year, the French oil company Total sold the refinery to Prax, a little-known outfit unit, which was in Surrey and grows at meteoric speed, and its revenues increased about tenfold between 2010-2020.

Sanjeev Kumar’s control party, Winston Soosauipillai, is rarely seen in public or industrial events and has almost no public profile.

Guardian approached Prax group and FTI Consulting for a comment.