BAR PRODUCTS & SERVICES LIMITED
- 28410SIC 28410
- 28960SIC 28960
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 30.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 30.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Average employees | 1400 | 1500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (33 events)Click to expand
- 2026-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-26📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-05-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-02-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-28📄resolutionresolution · RESOLUTIONS
- 2020-04-28📄memorandum-articlesincorporation · MA
- 2020-04-28📄memorandum-articlesincorporation · MA
- 2020-04-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-04-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-04-17➕RIKA, Craig Justin appointeddirector
- 2020-04-17➕RIKA-RAYNE, Glenn Michael appointeddirector
- 2020-01-31➖BROOKE, David Michael resigneddirector
- 2019-11-01🔒Charge registered #3Lender: The Trustees of Bps Ssas
- 2019-06-23➖RIKA, Gwendoline Angela resignedsecretary
- 2019-06-04🔓Charge satisfied #2
- 2013-08-22🔓Charge satisfied #1
- 2002-09-24🔒Charge registered #2Lender: Barclays Bank PLC
- 1995-09-28🔒Charge registered #1Lender: Midland Bank PLC
- 1995-06-09🏢Company incorporatedAs BAR PRODUCTS & SERVICES LIMITED
- 1995-06-09➕RIKA, Steven appointeddirector
- 1995-06-09➕RIKA, Gwendoline Angela appointedsecretary
- 1995-06-09➕THOMAS, Howard appointednominee-secretary
- 1995-06-09➖THOMAS, Howard resignednominee-secretary
- 1995-06-09➕BROOKE, David Michael appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 31 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 Steven Rika Individual · British · DOB 11/1951 · age 75 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 31/01/2020 |
2 historic (ceased) PSCs
- Executors Of Gwendoline Rika'S Estateceased 04/01/2021· 25-50% shares · 25-50% voting
- David Michael Brookeceased 31/01/2020· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| ALLIANCE VALVES GROUP U.K. LTD→ 11309866 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
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| BDH LIMITED→ 09413772 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
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7 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 (3 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Trustees of Bps Ssas | A registered charge | — | 01/11/2019 | — | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 24/09/2002 | 04/06/2019 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 28/09/1995 | 22/08/2013 |