ASBE

Associated British Engineering PLC

Industrial Goods and Services First-pass screen £0.82m

220/1000 Overall fit

AI beneficiary 35% 15

Operating leverage 25% 5

Valuation 25% 30

Downside protection 15% 50

First-pass take

Disposed of main trading subsidiary (BPE) in August 2020; now a shell holding company seeking acquisitions. Zero revenue in FY2021. Akoris subsidiary also zero revenue. No AI exposure. Shares suspended from trading. Net cash £449k provides minimal downside protection; future uncertain.

Flags

loss-makingno-revenueshell-companysuspended-sharesmicro-capgoing-concern