olivLaw · European equity research
AdvancedAdvT Limited ADVT.L
United Kingdom · London Stock Exchange · Vertical: Listed companies from United Kingdom
AdvancedAdvT Limited is a shell company listed in London that aims to acquire global professional services and workforce automation software businesses for private and public sectors. At 30 June 2023 it had net assets of about 123.2 million GBP, a position that matters because its planned acquisitions depend on approval under the National Security and Investment Act.
At the close of 05 Nov 2026, AdvancedAdvT Limited (ADVT.L) stock was 1.75 GBP (+6.06% on the day), with market capitalisation 225.0 m GBP, P/E 175.0 on diluted EPS of 0.01 GBP over the last 12 months, beta 0.30, 52-week range 1.45–1.90 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 46.7
- neutral
- Bollinger (20, 2)
- 1.70 – 1.91
- in the lower half of the band · %B 0.25 · band width 11.6%
- SMA 50 / 200
- 1.75 / 1.75
- mixed trend
- MACD (12, 26, 9)
- -0.01 / 0.01
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −5.4% | +0.4% | −5.8 pp | — |
| 3 months | 0.0% | −3.3% | +3.3 pp | — |
| 6 months | unavailable | +4.0% | unavailable | — |
| Year to date | +1.4% | +8.1% | −6.7 pp | — |
| 1 year | −6.7% | +10.7% | −17.4 pp | +6.7% |
| 3 years | unavailable | +50.1% | unavailable | +24.8% |
| 5 years | +44.6% | +43.6% | +1.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 1-quarter history (min 82.0, median 82.0, max 82.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 |
|---|---|---|
| Revenue | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable |
| Net income | -7.7 m | 1.4 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | -0.06 | 0.01 |
| Diluted EPS YoY | unavailable | unavailable |
| net % | unavailable | unavailable |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2023 · 30 Jun 2023
- Cash
- 104.7 m GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- 123.2 m GBP
- Total assets
- 123.9 m GBP
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 1.2%
- ROA
- 1.2%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
Balance sheet · GBP
| Line | 2022 | 2023 | Source (latest year) |
|---|---|---|---|
| Cash | 104.2 m | 104.7 m | esef· 01 Aug 2023verified |
| Receivables | 101.5 k | 1.0 m | esef· 01 Aug 2023verified |
| Current assets | 104.3 m | 105.7 m | esef· 01 Aug 2023verified |
| Total assets | 123.5 m | 123.9 m | esef· 01 Aug 2023verified |
| Total liabilities | 1.8 m | 761.0 k | esef· 01 Aug 2023verified |
| Equity | 121.7 m | 123.2 m | esef· 01 Aug 2023verified |
| Shares outstanding at year end | 128.6 m | — | esef· 01 Aug 2023derived |
Cash flow · GBP
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 1 of at least 6
- score weight coverage: 10.4% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 225.0 m GBP
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
10% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 1 of at least 6; score weight coverage: 10.4% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 175.0x | 0 (vs peers) | 100% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AdvancedAdvT Limited (ADVT.L). Latest full fiscal year: 2023; data up to 2023-06-30.
Figures computed from the financial statements: ROE 1.2%.
The estimated value range is 0.12–0.21 GBP per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.15 GBP, the price of 1.75 GBP leaves a potential of -91.2% (value / price − 1) and a margin of safety of -1,040.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 1 of at least 6; score weight coverage: 10.4% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- P/E (TTM): 175.0x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| BMS.LBraemar PLC | 78.3 m | 39.2 | 2.7% | 1.7% | −4.4% | +13% / −11% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for ADVT.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
AdvancedAdvT Limited is a shell company listed in London that aims to acquire global professional services and workforce automation software businesses for private and public sectors. At 30 June 2023 it had net assets of about 123.2 million GBP 1, a position that matters because its planned acquisitions depend on approval under the National Security and Investment Act 1.
SWOT
Strengths
- The company holds substantial cash and carries no debt on its balance sheet, giving it flexibility in pursuing acquisitions 1.
- The positive result for the 2023 year was supported by interest income rather than dependence on operating activity 1.
- The board has set up a governance and risk management framework with quarterly meetings and formal risk assessments 1.
Weaknesses
Opportunities
- Completing the acquisition of the five software businesses could turn the company into an operator with trading activity 1.
- If approval procedures are met, the company could expand into global professional services 1.
- Dividends could be paid after an acquisition if distributable reserves exist and the board considers it appropriate 1.
Threats
- Refusal or delay of approval under the National Security and Investment Act could block the transactions 1.
- Instability in financial markets could make equity or debt financing more expensive 1.
- If the acquisition does not complete, the company could remain a company without operations, with continuing administrative costs 1.
Risks
- Acquisitions conditional on regulatory approvalhigh
The acquisitions depend on approval under the National Security and Investment Act, and delay or refusal could postpone or cancel the transactions 1.
- Absence of operating activityhigh
Without an acquired business the company has no own revenue sources, and results depend mainly on interest and on valuation of investments 1.
- Financing of the acquisitionmedium
The company could need additional capital through equity or debt, which was not included in the going concern assessment 1.
- Concentration of shareholdersmedium
A few large shareholders control a significant part of the capital, which could influence decisions on acquisitions and dividends 1.
- Exposure to investment valuationlow
The value of the M&C Saatchi plc stake changes with the market and already produced fair value losses in the 2023 year 1.
Investment thesis
What would need to be true (bull case)
- If the acquisition of the five software businesses completes, the company could move from a structure without operations to one with its own revenues, supported by solid cash holdings 1.
- High net assets and the absence of debt on the balance sheet give flexibility to choose suitable acquisitions 1.
- If the acquired businesses generate cash, the company could distribute dividends after the transaction, in line with board policy 1.
What would break the thesis
- If regulatory approval is delayed or not obtained, the company could remain without operating activity while administrative costs gradually erode its cash 1.
- The 2023 result depended on interest and not on trading activity, so a fall in rates could reduce profit 1.
- The acquisition could require additional capital, which could dilute existing shareholders if financed through share issues 1.
What to watch
- Approval under the National Security and Investment Act for the proposed acquisitions2024
- Completion of the Capita plc transaction and integration of the five software businesses2024
- How the acquisition is financed, through equity or debt, and the effect on net assetsnext 10-K
- Development of results and any dividends after the first operating acquisitionnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company is described in its annual report as focused on acquiring global professional services and workforce automation software businesses for private and public sectors 1. At 30 June 2023 it had not yet acquired a trading operation, and the board considers it inappropriate to forecast future dividends 1. The acquisitions are subject to and conditional upon approval under the National Security and Investment Act 1.
The report states that the company entered a conditional agreement to acquire the share capital of five software businesses from Capita plc, which would constitute a reverse merger under the listing rules 1. The auditor confirmed the transaction was not expected to complete by the audit report date 1.
Segments
Planned Capita software acquisition
The activity that would bring operating businesses is the acquisition of five software companies from Capita plc, not yet consolidated at the report date 1. It depends on regulatory approvals and on financing through equity and/or debt, which were not included in the going concern assessment 1.
Market context
The target market is global professional services and workforce automation software, serving both private clients and public institutions 1. The report does not quantify market size, and the company holds no market share of its own because it has not started operating 1.
The shareholder base is concentrated: the largest holders include Marwyn Investment Management LLP with 15.41% and BGF Investment Management Limited with 15.02% of share capital as at 31 May 2023 1. This concentration affects who could influence decisions on proposed transactions 1.
Trends
- Strategic investment regulationheadwind
Approval under the National Security and Investment Act is a condition of the acquisitions, which could delay completion of transactions 1. If the procedure is prolonged, the company could remain without operating activity for longer 1.
- Yield on cash holdingsmixed
Interest received supported profit for the 2023 year, so interest rate levels directly influence results while the company has no operations 1. If interest rates fall, income from cash holdings could fall as well 1.
- Geopolitical tensions and financial marketsheadwind
The board considered the impact of Covid-19, the Ukraine conflict and global financial markets on cash flows, concluding that before completing a transaction these have no material impact 1. Conditions could still change, which could affect acquisition financing 1.
- Consolidation in software servicestailwind
The acquisition strategy relies on buying existing software businesses, an approach that could become more attractive if capital markets are supportive of transaction financing 1. The report gives no data on the pace of such consolidation 1.
Competitive position
The annual report does not identify direct competitors or compare the company with other players in professional services or workforce automation software 1. As a shell company without operations, its competitive position depends on the quality of the businesses it could acquire 1.
The proposed Capita plc acquisition would place the company in a segment where established software suppliers already operate, though the report does not describe them 1. Differentiation would depend on integration and the performance of the five acquired companies, which the document does not detail 1.
- Capita plc
Seller of the software businesses covered by the conditional agreement; it is a source of the assets sought rather than a direct rival 1.
- M&C Saatchi plc
Company in which the group holds a valued stake that contributed dividends and fair value losses to the year's results 1.
- Other public-sector software providers
Established software suppliers for the public sector that the company could face after any acquisition; the report does not name them 1.
- Professional services consultancies
Players with similar offerings in global professional services that are relevant to the target clients; the report gives no detail 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202301 Aug 2023
- Annual report 202227 Oct 2022
Sources
- [1] Annual report, fiscal year ended 2023-06-30 (ESEF) · SEC / AdvancedAdvT Limited · 30 Jun 2023
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.