Portfolio Dossier

Executive summary

This candidate chain contains four entities with aggregate turnover of £11.1m. Two companies show meaningful distress (Beta at 78, Delta at 62), while Alpha and Gamma appear relatively stable. The parent/subsidiary link between Alpha and Delta is the only strong corporate tie; shared PSCs and addresses are otherwise absent. Treat this as two standalone opportunities rather than a coherent roll-up.

Linkage analysis

• Parent/subsidiary: Delta Logistics is a subsidiary of Alpha Engineering (company number link).
• Shared PSCs: none detected across the group.
• Common addresses: no overlap in registered offices.

Sector and SIC assessment

The mix spans manufacturing, construction, consulting and transport. This is fragmented; there is no natural operational synergy.

Company-by-company verdict

1. Alpha Engineering: stable, largest revenue, possible platform.
2. Beta Construction: severe distress, accounts overdue, insolvency history — high risk.
3. Gamma Consulting: moderate margin pressure, standalone sale candidate.
4. Delta Logistics: working-capital stress but linked to Alpha.

Consolidated turnaround / acquisition thesis

Given the weak linkages, the best strategy is to pursue Alpha+Delta as a linked manufacturing/logistics platform and Beta/Gamma as separate distressed opportunities.

30/90/180 day action plan

• 30 days: verify Delta's dependency on Alpha; confirm Beta's charge register.
• 90 days: run consolidated cash flow for Alpha+Delta; engage Gamma's directors.
• 180 days: structure separate transactions or a phased combination.

Key risks and diligence gaps

• Beta's insolvency history and overdue accounts need legal review.
• Cross-trading between Alpha and Delta is unverified.

KPI dashboard

• Aggregate turnover: £11.1m
• Average distress: 52.5
• At-risk entities: 2 of 4