Allenby Capital: Built Cybernetics - Initiation

Built Cybernetics is a fast growing Property Technology (PropTech) Company providing a range of Smart Buildings focused software, technology services, consulting and Architecture services. The Group’s blue chip clients include JLL, Hilton, HSBC, Microsoft and the University of Cambridge. Built Cybernetics (formerly Aukett Swanke) has been transformed over the last three years, with four technology acquisitions, propelling Group net revenue to expand at a 40% CAGR between FY22 and FY25. The Group has today conditionally raised £0.57m (at 1.5p/ share), which we forecast should enable net revenue to grow organically at an 8% CAGR (FY25 to FY27E). Built Cybernetics provides investors with (i) exposure to the rapidly growing Smart Buildings m...