prax exploration & production plc
prax exploration & production plc Company Information
Company Number
12157790
Next Accounts
Aug 2025
Industry
Support activities for petroleum and natural gas extraction
Shareholders
state oil limited
Group Structure
View All
Contact
Registered Address
harvest house, horizon business village, weybridge, surrey, KT13 0TJ
Website
http://prax.comprax exploration & production plc Estimated Valuation
Pomanda estimates the enterprise value of PRAX EXPLORATION & PRODUCTION PLC at £0 based on a Turnover of £0 and 0.75x industry multiple (adjusted for size and gross margin).
prax exploration & production plc Estimated Valuation
Pomanda estimates the enterprise value of PRAX EXPLORATION & PRODUCTION PLC at £0 based on an EBITDA of £-5m and a 2.4x industry multiple (adjusted for size and gross margin).
prax exploration & production plc Estimated Valuation
Pomanda estimates the enterprise value of PRAX EXPLORATION & PRODUCTION PLC at £1.6m based on Net Assets of £1.1m and 1.46x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Prax Exploration & Production Plc Overview
Prax Exploration & Production Plc is a live company located in weybridge, KT13 0TJ with a Companies House number of 12157790. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in August 2019, it's largest shareholder is state oil limited with a 100% stake. Prax Exploration & Production Plc is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Prax Exploration & Production Plc Health Check
There is insufficient data available to calculate a health check for Prax Exploration & Production Plc. Company Health Check FAQs
0 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Prax Exploration & Production Plc
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Prax Exploration & Production Plc
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Prax Exploration & Production Plc
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Prax Exploration & Production Plc
- - Industry AVG
Employees
with 1 employees, this is below the industry average (44)
- Prax Exploration & Production Plc
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Prax Exploration & Production Plc
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Prax Exploration & Production Plc
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Prax Exploration & Production Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Prax Exploration & Production Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Prax Exploration & Production Plc
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Prax Exploration & Production Plc
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.7%, this is a higher level of debt than the average (50.2%)
- - Prax Exploration & Production Plc
- - Industry AVG
PRAX EXPLORATION & PRODUCTION PLC financials
Prax Exploration & Production Plc's latest turnover from February 2024 is 0 and the company has net assets of £1.1 million. According to their latest financial statements, we estimate that Prax Exploration & Production Plc has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Aug 2021 | Feb 2020 | |
|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | |
| Other Income Or Grants | 0 | 0 | |||
| Cost Of Sales | 0 | 0 | |||
| Gross Profit | 0 | 0 | |||
| Admin Expenses | 0 | 0 | |||
| Operating Profit | -4,997,377 | -32,665 | 0 | 0 | |
| Interest Payable | 0 | 0 | 0 | 0 | |
| Interest Receivable | 125,616 | 0 | 0 | 0 | |
| Pre-Tax Profit | 16,042,890 | -32,665 | 0 | 0 | |
| Tax | 33,674 | 0 | 0 | 0 | |
| Profit After Tax | 16,076,564 | -32,665 | 0 | 0 | |
| Dividends Paid | 0 | 0 | 0 | 0 | |
| Retained Profit | 16,076,564 | -32,665 | 0 | 0 | |
| Employee Costs | 0 | 0 | 0 | 0 | |
| Number Of Employees | |||||
| EBITDA* | -4,997,377 | -32,665 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Aug 2021 | Feb 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 60,172,629 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 60,172,629 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 20,914,651 | 0 | 0 | 2 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 17,335 | 50,000 | 0 | 2 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,914,651 | 17,335 | 50,000 | 2 | 2 |
| total assets | 81,087,280 | 17,335 | 50,000 | 2 | 2 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 42,302,528 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 37,690,853 | 0 | 0 | 0 | 0 |
| total current liabilities | 79,993,381 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 79,993,381 | 0 | 0 | 0 | 0 |
| net assets | 1,093,899 | 17,335 | 50,000 | 2 | 2 |
| total shareholders funds | 1,093,899 | 17,335 | 50,000 | 2 | 2 |
| Feb 2024 | Feb 2023 | Feb 2022 | Aug 2021 | Feb 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -4,997,377 | -32,665 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 33,674 | 0 | 0 | 0 | |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 20,914,651 | 0 | -2 | 2 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 37,690,853 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 11,812,499 | -32,665 | 2 | -2 | |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 60,172,629 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 42,302,528 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 125,616 | 0 | 0 | 0 | |
| cash flow from financing | 27,428,144 | 0 | 49,998 | 0 | |
| cash and cash equivalents | |||||
| cash | -17,335 | -32,665 | 50,000 | -2 | 2 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -17,335 | -32,665 | 50,000 | -2 | 2 |
prax exploration & production plc Credit Report and Business Information
Prax Exploration & Production Plc Competitor Analysis
Perform a competitor analysis for prax exploration & production plc by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other young companies, companies in KT13 area or any other competitors across 12 key performance metrics.
prax exploration & production plc Ownership
PRAX EXPLORATION & PRODUCTION PLC group structure
Prax Exploration & Production Plc has no subsidiary companies.
Ultimate parent company
2 parents
PRAX EXPLORATION & PRODUCTION PLC
12157790
prax exploration & production plc directors
Prax Exploration & Production Plc currently has 5 directors. The longest serving directors include Mr Winston Soosaipillai (Feb 2020) and Mr Winston Soosaipillai (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Winston Soosaipillai | United Kingdom | 51 years | Feb 2020 | - | Director |
| Mr Winston Soosaipillai | 51 years | Feb 2020 | - | Director | |
| Mr Winston Soosaipillai | United Kingdom | 51 years | Feb 2020 | - | Director |
| Mr Iain McKendrick | United Kingdom | 60 years | Mar 2023 | - | Director |
| Mr Alessandro Agostini | United Kingdom | 53 years | Mar 2023 | - | Director |
P&L
February 2024turnover
0
0%
operating profit
-5m
+15199%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
1.1m
+62.1%
total assets
81.1m
+4676.66%
cash
0
-1%
net assets
Total assets minus all liabilities
prax exploration & production plc company details
company number
12157790
Type
Public limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
August 2019
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
February 2024
previous names
prax global finance i plc (March 2023)
prax financial services limited (January 2022)
accountant
-
auditor
PKF LITTLEJOHN LLP
address
harvest house, horizon business village, weybridge, surrey, KT13 0TJ
Bank
HSBC BANK PLC
Legal Advisor
LINKLATERS LLP
prax exploration & production plc Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to prax exploration & production plc.
prax exploration & production plc Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PRAX EXPLORATION & PRODUCTION PLC. This can take several minutes, an email will notify you when this has completed.
prax exploration & production plc Companies House Filings - See Documents
| date | description | view/download |
|---|
