ECOB

Eco Buildings Group PLC

Construction and Materials First-pass screen £17m

280/1000 Overall fit

AI beneficiary 35% 25

Operating leverage 25% 38

Valuation 25% 30

Downside protection 15% 16

First-pass take

Early-stage prefab construction company (GFRG panels) with no AI exposure—automation is standard manufacturing, not AI-driven. Revenue grew 10× to €1.4M but absolute losses expanded to €3.9M; going concern warning flags imminent debt refinancing risk (€1.95M Gulf Loan Note due <12m, no extension agreed). Working capital crisis: €106k cash vs €1.97M current liabilities. Highly diluted equity (50% share count growth in 18 months).

Flags

going-concernloss-makingpre-revenueworking-capital-crisishighly-dilutedno-ai-exposureexecution-riskcapex-heavycontingent-assets