TRD

Triad Group PLC

Technology First-pass screen £50m

440/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 70

Valuation 25% 30

Downside protection 15% 60

First-pass take

Profitable UK government IT consultancy with strong operating leverage: 52% revenue growth, margin expansion from 20.1% to 28.6%, overhead growth only 15%. Clean balance sheet (£3.4m net cash, zero debt) and stable public sector clients. AI exposure is R&D/exploration only, not revenue-generating. Valuation data absent.

Flags

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