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CPP

Cppgroup PLC

Industrial Goods and Services First-pass screen £5.65m
350/1000 Overall fit
AI beneficiary 35% 35
Operating leverage 25% 40
Valuation 25% 30
Downside protection 15% 35

First-pass take

CPP Group provides parametric insurance and cyber security solutions through Blink (62% ARR growth, £2.7m EBITDA loss) and legacy India/Turkey operations. 78% of revenues from single Bajaj customer. Core EBITDA margins expanding despite 7% revenue decline from cost restructuring. £9.7m cash with £9m annual burn implies <18 months runway absent Blink profitability. No AI narrative; cyber is growth market but not AI-driven.

Flags

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