DIS

Distil PLC

Food, Beverage and Tobacco First-pass screen £0.75m

260/1000 Overall fit

AI beneficiary 35% 15

Operating leverage 25% 35

Valuation 25% 30

Downside protection 15% 30

First-pass take

Distil is a loss-making micro-cap spirits company with zero AI exposure and extreme customer concentration (83% revenue from single customer in FY25). Despite a reasonable balance sheet, the £1m annual operating cash burn, cyclical demand, and capital-raising dependency make this unsuitable for the strategy.

Flags

loss-makingcash-burnhigh-customer-concentrationcyclicalno-valuation-datamicro-capcapital-raising-dependent