SCE

Surface Transforms PLC

Automobiles and Parts First-pass screen £0.00m

220/1000 Overall fit

AI beneficiary 35% 15

Operating leverage 25% 25

Valuation 25% 30

Downside protection 15% 20

First-pass take

Carbon ceramic brake manufacturer with zero AI exposure, declining margins (56% from 74%), net debt of £276k, and only £151k cash (~3 months runway at £501k annual burn). Major OEM contracts remain in testing.

Flags

loss-makingno-valuation-datanet-debtmicro-capcustomer-concentrationcash-constrained