MHA

Mha PLC

Industrial Goods and Services First-pass screen £427m

420/1000 Overall fit

AI beneficiary 35% 37

Operating leverage 25% 45

Valuation 25% 30

Downside protection 15% 72

First-pass take

MHA is a defensive professional services firm with 87% recurring revenue and strengthened balance sheet post-IPO, but shows minimal AI exposure (internal adoption only) and limited operating leverage—17% organic growth was offset by margin compression. No valuation multiples disclosed.

Flags

defensiverecurring-revenueno-valuation-dataipo-recentmargin-compression