patterns / asset_rich

buyout thesis

Asset rich

fixed assets ≥£500k on a sound business — suits leveraged, asset-backed or low-equity acquisition structures (ABL, sale & leaseback, machinery refinance)

the signature — what the register must show
staff ≥5
fixed assets ≥ £500k
turnover £2–30m where disclosed
profitable, or equity accreting where the P&L is not filed

Why it matters

A heavy fixed-asset base on a sound business supports leveraged and asset-backed structures: the assets themselves collateralise the deal. Small filers rarely split property from machinery in the tagged accounts, so the signature works off the total (the notes layer refines it).

The play

ABL, property/machinery refinance, sale & leaseback, or a low-equity acquisition financed against the target's own asset base.

How it's kept honest

The badge is recomputed nightly across the whole index, and re-evaluated live the moment a company files — so a match is always a statement about the current register, not a stale list. Like every signal on the radar: a prompt to look closer, never a verdict.