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The Latest Breaking News from Winston Soosaipillai

Prax Lindsey oil refinery bought out of administration by US rival

Insolvency Service says 250 staff remaining at Lincolnshire site will be guaranteed jobs until the end of March

The Guardian - UK · Jan 5

Almost a third of Prax Lindsey oil refinery workers to lose jobs

Insolvency Service says 125 roles to go at Lincolnshire plant, which went into administration in summer

The Guardian - UK · Sep 30, 2025

UK court freezes £150m of assets of collapsed Prax Lindsey oil refinery owner

Newly published filings reveal granting of request by companies suing Sanjeev Kumar for breach of duties

The Guardian - UK · Sep 4, 2025

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Loan ‘irregularities’ led to collapse of Prax Lindsey oil refinery

Administrator was appointed after parent company State Oil given new information about £783m loan

The Guardian - UK · Aug 20, 2025

‘The bubble had to burst’: the inside story of the Lindsey oil refinery collapse

Prax Group’s sudden demise surprised some, but others saw ‘a house of cards’ built on a thirst for debt-fuelled growth

The Guardian - UK · Jul 4, 2025

Owners of collapsed oil refinery Prax Lindsey took £11.5m in pay and dividends

Details of payouts to Winston Soosaipillai and wife Arani emerge as calls grow for couple to financially support 625-strong workforce

The Guardian - UK · Jul 2, 2025

UK government wants investigation after Lindsey oil refinery owner falls into administration

Concerns over conduct of bosses at Lincolnshire site, with ministers saying workers had been ‘badly let down’

The Guardian - UK · Jun 30, 2025

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Prax looks towards cleaner fuels and methods with revenues of £4.6b in first year of refinery operations

Lindsey Oil Refinery was taken on in early 2021 with a £195m loss turning to a £3m profit

Birmingham Post · Nov 10, 2022

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