HARVEST ENERGY RETAIL LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a going concern basis which the Board considers to be appropriate for the following reasons: Prax Limited, ("the Parent Company") and its subsidiaries (collectively "the Group") operate and manage petrol filling stations in the UK and Europe. The Directors have prepared detailed forecasts, considering, key uncertainties and risks that could impact Group's financial performance. ... The above conditions indicate the existence of a material uncertainty related to going concern as conditions and events that cast significant doubt on the entity's ability to realize its assets and discharge its liabilities in the normal course of business.

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a going concern basis which the Board considers to be appropriate for the following reasons: Prax Limited, ("the Parent Company") and its subsidiaries (collectively "the Group") operate and manage petrol filling stations in the UK and Europe. The Directors have prepared detailed forecasts, considering, key uncertainties and risks that could impact Group's financial performance. ... The above conditions indicate the existence of a material uncertainty related to going concern as conditions and events that cast significant doubt on the entity's ability to realize its assets and discharge its liabilities in the normal course of business.”

Group structure

1. HARVEST ENERGY RETAIL LIMITED · parent
   1. H.K.S. Holdings Limited 100% · United Kingdom · Holding company
   2. H.K.S. Motors Limited 100% · United Kingdom · Sale of petroleum products and renewables
   3. 27 Old Gloucester Street 100% · United Kingdom · Sale of petroleum products and renewables
   4. Brobot Group Limited 100% · United Kingdom · Holding company
   5. Brobot Petroleum Limited 100% · United Kingdom · Sale of petroleum products and renewables
   6. Platinum Asset Investment Limited 100% · United Kingdom · Sale of petroleum products and renewables

Significant events

• “Subsequent to the balance sheet date, on 30 June 2025 Clare Boardman, Matthew Steven Roe and Paul James Meadows were appointed Joint Administrators of State Oil Limited, an intermediary holding company of Prax Group Holdings Limited and the immediate parent company of Prax Limited.”
• “As a result of this administration, new Directors have been appointed for Prax Limited and its subsidiaries, including Harvest Energy Retail Limited, see page 6.”
• “As a result of this administration, the Directors of Prax Limited are seeking a prompt sale of the whole of the retail business, headed by Prax limited, in due course. The financial impact of this is unknown at the date of signing.”
• “On 28 October 2025 Harvest Energy Retail Limited agreed with its lenders to amend the terms of its existing facilities including inter alia the waiver of existing breaches and further changes of the commercial terms of the existing facilities as detailed in note 18 to the accounts.”
• “On 11 July 2025 Prax Limited entered into a new working capital financing facility in total of €50.4m. The facility has been fully utilised as of the dates of the accounts.”
• “On 28 October 2025 Harvest Energy Limited (in administration) assigned to Harvest Energy Retail Limited its rights, title and interest in and to certain trademarks and intellectual property for a consideration agreed between the parties.”
• “On 21 December 2025 Prax Limited entered into a new working capital financing facility in total of €10m. The facility has been partly utilised as of the dates of the accounts.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +123.1%

  £77,639 → £173,244

• Net assets

  -2.4%

  £23,149,691 → £22,602,165

• Employees

  —

  Not reported

• Operating profit

  +80.7%

  -£300,082 → -£58,009

• Profit before tax

  -137.3%

  £10,465,465 → -£3,908,526

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers