“Good news, but there is more to do,” said North Lincolnshire Council leader Cllr Rob Waltham after a buyer was named for assets at Lindsey. The legal position, though, is unchanged: Prax companies linked to the North Killingholme refinery and terminals at Killingholme and Jarrow are in compulsory liquidation under the Official Receiver. (northlincs.gov.uk)

According to the Insolvency Service on GOV.UK, court orders were made on 30 June 2025 against Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited and Prax Terminals Killingholme Limited; on 22 July 2025 against Prax Terminals Jarrow Limited; and on 12 November 2025 against Prax Downstream UK Limited. Gareth Jonathan Allen is the Liquidator, with FTI Consulting’s Matthew Callaghan, Andrew Johnson, Joanne Hewitt‑Schembri and Sam Ballinger appointed as Special Managers. The public notice was refreshed on 19 January 2026. (gov.uk)

Customers and suppliers should contact the Special Managers by email. Customers are asked to write to PLOR.customers@fticonsulting.com, and suppliers to PLOR.suppliers@fticonsulting.com. The Official Receiver will continue to wind up the companies and investigate the cause of failure and the conduct of current and former directors. (gov.uk)

If you are owed money, register as a creditor. Complete a Proof of Debt form via GOV.UK, clearly state which company owes the debt, and email the form with supporting documents to PLOR.Creditor@Insolvency.gov.uk. Once received, the Insolvency Service will add you to the creditor list and include you on future correspondence. Sub‑contractors owed money should follow the same process. (gov.uk)

On 5 January 2026 the Insolvency Service confirmed Phillips 66 Limited as the successful bidder for the assets of Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, Prax Terminals Killingholme Limited, Prax Terminals Jarrow Limited and Prax Downstream UK Limited. Completion will follow closing conditions and customary regulatory approvals; employees have been informed. (gov.uk)

As the Official Receiver put it, “every effort has been made to secure a buyer,” adding that the outcome seeks the best return for creditors. The conduct of former directors remains subject to an ongoing investigation by the Insolvency Service. (gov.uk)

Phillips 66 has told reporters it does not plan to restart standalone refining at Lindsey, instead integrating storage and infrastructure into its nearby Humber refinery. Press and agency reports say around 250 staff have job guarantees through March 2026, with no longer‑term headcount commitments at this stage. (investing.com)

The site had already seen 125 redundancies at the end of October 2025 while the plant was stabilised under the Official Receiver, leaving roughly 255 employees in post. Unite criticised the cuts and pressed for bids that maintain full operations. (standard.co.uk)

From the local side, Cllr Rob Waltham welcomed the deal in principle but said workers and contractors now need clarity on jobs, any TUPE rights and exactly which assets are included. He called the announcement “good news” while stressing “there is more to do,” and urged ministers to stay engaged. (northlincs.gov.uk)

Jarrow’s terminal on the Tyne is part of the liquidation and the agreed sale package alongside Lindsey and Killingholme. For hauliers, engineers and fuel distributors across the Humber and the North East, the priority is continuity while the transaction moves through approvals; creditors should file claims without delay using the Insolvency Service process set out above. (gov.uk)