The portfolio framework

6 illustrative profiles

• 01 · Industry10+ years
  Illustrative example — not a real company

  Niche component manufacturer

  Specialised production with repeat customers and a need for capital to automate.

  Cash conversion30%

  Margin stability25%

  Customer concentration20%

  Capex intensity25%
  Open assessment frame →
• 02 · Services10+ years
  Illustrative example — not a real company

  Technical service business

  Local service contracts with predictable revenue and fragmented competition.

  Recurring revenue35%

  Cash conversion25%

  Key-person dependency25%

  Margin stability15%
  Open assessment frame →
• 03 · PropertyOpen-ended
  Illustrative example — not a real company

  Operational commercial property

  Property tied to operating businesses, held for steady cash flow.

  Leverage35%

  Cash conversion30%

  Capex intensity20%

  Customer concentration15%
  Open assessment frame →
• 04 · Trade5–10 years
  Illustrative example — not a real company

  Digitally enabled trade

  Established trading business using its own channels, needing working-capital discipline.

  Working capital35%

  Margin stability25%

  Recurring revenue20%

  Customer concentration20%
  Open assessment frame →
• 05 · Services5–10 years
  Illustrative example — not a real company

  Advisory firm in succession

  Owner-led business where the founder wants a gradual transition and local roots.

  Key-person dependency35%

  Recurring revenue25%

  Cash conversion20%

  Margin stability20%
  Open assessment frame →
• 06 · IndustryOpen-ended
  Illustrative example — not a real company

  Infrastructure supplier

  Supplier to construction with long customer relationships and cyclical demand.

  Leverage25%

  Cash conversion25%

  Capex intensity25%

  Customer concentration25%
  Open assessment frame →

Percentages show weighting in an example assessment model — not financial results, returns or measured performance.