AOM

Activeops PLC

Technology First-pass screen £138m

500/1000 Overall fit

AI beneficiary 35% 40

Operating leverage 25% 70

Valuation 25% 30

Downside protection 15% 70

First-pass take

Back-office automation with strong gross margins (82% from 74%) and 104% NRR, but no AI exposure, thin EBITDA (£0.4m on £20.4m revenue), and product replatformed FY21. £16.6m net cash offsets pre-profitability; no valuation data available.

Flags

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