TIA

Tialis Essential It PLC

Technology First-pass screen £13m

340/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 40

Valuation 25% 30

Downside protection 15% 40

First-pass take

AI initiatives (AI Auxesis, 50%-owned) launched 2025 with no visible revenue contribution. Core managed services declined £3.1m (-15%) with stable 29% margins; 60% customer concentration and £1.5m net loss mitigate defensive public-sector exposure and positive £1.4m operating cash flow.

Flags

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