WRN

Worthington Group PLC

Basic Resources First-pass screen £22m

200/1000 Overall fit

AI beneficiary 35% 5

Operating leverage 25% 25

Valuation 25% 30

Downside protection 15% 30

First-pass take

Worthington is a distressed investment holding company with zero AI exposure. Net assets of £5.5m mask a £4.1m unresolved pension liability and only £13k cash. H1 2014 'profit' of £8.7m is entirely an accounting gain; underlying operations lost £235k. Not suitable for AI-focused strategy.

Flags

no-ai-exposureno-valuation-datapension-liabilityloss-makingmicro-capdistressedgoing-concernstale-2014