MDZ

Mediazest PLC

Media First-pass screen £2.11m

350/1000 Overall fit

AI beneficiary 35% 20

Operating leverage 25% 52

Valuation 25% 42

Downside protection 15% 31

First-pass take

Non-AI business (digital signage, audio systems, retail/auto/corporate AV) despite strong execution. Margin expansion (52%→56% GP) and EBITDA recovery (£14k→£331k) show operating leverage, but only 29% recurring revenue. Valuation extremely cheap (0.29x sales at latest 0.06p placing) yet reflects financial distress: weak balance sheet (£689k net assets, £2.0m net current liabilities), micro-cap, recent debt restructuring, and concentrated customer base.

Flags

non-ai-businessturnaroundmicro-capweak-balance-sheethigh-leveragecustomer-concentrationgoing-concernfinancial-distressmicro-cap-liquidity