** The Lindsey Oil Refinery’s future is now firmly in the hands of Phillips 66 Limited after a finalized sale secured by the Insolvency Service.
📍 ** United Kingdom, Lincolnshire
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The sale of the Lindsey Oil Refinery Limited and its associated companies has officially concluded, marking the end of a complicated process following multiple liquidations. As of April 28, 2026, Phillips 66 Limited now controls a significant portion of the UK’s refining infrastructure, including the Prax Lindsey Oil Refinery site itself, alongside Prax Storage Lindsey Limited, Prax Terminals Killingholme Limited, Prax Terminals Jarrow Limited, and Prax Downstream UK Limited. The deal, finalized on January 5, 2026, followed a winding-up period prompted by the insolvency of the companies in June and November 2025.
The process was overseen by the Official Receiver, Gareth Allen, working alongside the Insolvency Service and specialist managers from FTI Consulting LLP, who navigated the complex liquidation. A key element of the outcome was the retention of 109 employees, who will now work under Phillips 66’s leadership. However, 55 positions will be impacted by redundancies, reflecting the operational shift.
Allen expressed gratitude for the collaborative efforts, stating that the sale represented the “best possible outcome” and acknowledging the dedication of the teams throughout the challenging period. For those with outstanding invoices or related matters, a dedicated email address – PLOR.invoice@fticonsulting.com – has been established for submission. Further details regarding the liquidation process are available on the GOV.UK website.
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