EARN

Earnz PLC

Construction and Materials First-pass screen £11m

310/1000 Overall fit

AI beneficiary 35% 20

Operating leverage 25% 40

Valuation 25% 30

Downside protection 15% 45

First-pass take

Energy services company focused on decarbonisation and heating installation—entirely misaligned with AI spending strategy. Loss-making (£2.8m EBITDA loss, £2.9m pre-tax loss in 2024), dependent on UK Government Net Zero funding, and burdened with acquisition integration costs obscuring underlying business quality.

Flags

no-ai-exposureloss-makingnegative-adj-ebitdagovernment-dependentacquisition-integration-riskmicro-capcapital-intensiveno-valuation-data