RVRG

River Global PLC

Financial Services First-pass screen £6.48m

330/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 45

Valuation 25% 30

Downside protection 15% 25

First-pass take

Loss-making turnaround in cyclical active asset management with no evident AI exposure. EBITDA improving (−£0.2m, from −£1.3m) through cost-cutting, but revenues declining (£6.1m from £6.9m). Minimal net cash (~£0.7m), high customer concentration (£200m client loss materialised), and no trading multiples provided.

Flags

loss-makingno-ai-strategyno-valuation-datagoing-concern-flaggedcyclicalcustomer-concentrationturnaroundmicro-capaum-outflows