BARKAT KNITWEAR MFG. CO. LIMITED
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
6 live charges · 4 lenders · oldest 50.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 50.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Average employees | 1600 | 1600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
- • 1 accounts
- • 1 accounts
Corporate timeline (37 events)Click to expand
- 2026-06-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-12-03📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-06-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-08-26📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2019-06-30📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2018-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-10-01➖KHATOON, Syra resignedsecretary
- 2005-02-15➕USMAN, Mohammad appointeddirector
- 2005-02-05➖KHALIQ, Hajra resigneddirector
- 2004-06-14➕KHATOON, Syra appointedsecretary
- 2004-05-11➖ALI, Barkat resignedsecretary
- 2004-05-11➖ALI, Barkat resigneddirector
- 2004-05-11➖ALI, Sardar Bibi resigneddirector
- 2004-05-11➕KHALIQ, Hajra appointeddirector
- 2001-08-09🔒Charge registered #6Lender: Mohammed Jamil
- 2000-12-21🔓Charge satisfied #1
- 2000-10-11➕ALI, Barkat appointedsecretary
- 2000-10-11➖USMAN, Mohammed resignedsecretary
- 1995-07-17➖USMAN, Mohammed resigneddirector
- 1993-01-18🔓Charge satisfied #5
- 1993-01-18🔓Charge satisfied #4
- 1992-12-31➖CHOUDHRI, Ihsan Ul-Haq resignedsecretary
- 1985-06-24🔒Charge registered #5Lender: The Muslim Commercial Bank LTD
- 1981-07-16🔒Charge registered #4Lender: The Muslim Commercial Bank Limited
- 1981-07-15🔒Charge registered #3Lender: The Muslim Commercial Bank LTD
- 1979-10-22🔒Charge registered #2Lender: Bank of Credit and Commerce International S.A.
- 1975-08-18🔒Charge registered #1Lender: Bank of Credit and Commerce International S.A.
- 1968-09-20🏢Company incorporatedAs BARKAT KNITWEAR MFG. CO. LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 58 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mohammad Usman Individual · British · DOB 06/1959 · age 67 | 75–100% | — | 75-100% shares | 31/12/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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9 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (1 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Mohammed Jamil | Legal charge | 1 property | 09/08/2001 | — | |
| satisfied | The Muslim Commercial Bank The Muslim Commercial Bank LTD | Mortgage | 1 property | 24/06/1985 | 18/01/1993 | |
| satisfied | The Muslim Commercial Bank The Muslim Commercial Bank Limited | Debenture | 1 property | 16/07/1981 | 18/01/1993 | |
| outstanding | The Muslim Commercial Bank The Muslim Commercial Bank LTD | Mortgage | 1 property | 15/07/1981 | — | |
| outstanding | Bank of Credit and Commerce International S.A. | Charge | 1 property | 22/10/1979 | — | |
| satisfied | Bank of Credit and Commerce International S.A. | Debenture | 1 property | 18/08/1975 | 21/12/2000 |