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Insight Business Support Plc (GB:KLSO)
LSE:KLSO
UK Market

Insight Business Support Plc (KLSO) AI Stock Analysis

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GB:KLSO

Insight Business Support Plc

(LSE:KLSO)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
3.00 p
▲(0.00% Upside)
Action:N/ADate:01/04/26
The score is weighed down primarily by the sharp deterioration in financial performance and cash generation in 2024 versus 2023, despite a relatively solid balance sheet. Technical indicators are broadly neutral with slightly weak short-term momentum, and valuation cannot be assessed due to missing P/E and dividend yield data.

Insight Business Support Plc (KLSO) vs. iShares MSCI United Kingdom ETF (EWC)

Insight Business Support Plc Business Overview & Revenue Model

Company DescriptionKelso Group Holdings Plc engages in the investment business in the United Kingdom. The company was formerly known as Insight Business Support plc and changed its name to Kelso Group Holdings Plc in November 2022. Kelso Group Holdings Plc was incorporated in 2018 and is based in Towcester, the United Kingdom.
How the Company Makes Money

Insight Business Support Plc Financial Statement Overview

Summary
Financial results deteriorated sharply in 2024: revenue swung from +2.58M (2023) to -97K (2024), with an operating loss (-581K) and net loss (-388K). Cash flow also turned negative (operating/free cash flow about -44.7K) after strong positive cash generation in 2023 (+890.9K). A solid equity base and modest leverage (debt-to-equity ~0.11) help, but the recent losses and volatility dominate.
Income Statement
22
Negative
Profitability and revenue quality deteriorated sharply in 2024 versus 2023. Revenue swung from +2.58M (2023) to -97K (2024) with negative earnings (net loss of -388K and operating loss of -581K), showing a highly unstable operating profile. While 2023 showed strong profitability (net income +1.53M), the abrupt reversal and negative revenue in 2024 materially weakens confidence in earnings durability.
Balance Sheet
58
Neutral
The balance sheet shows solid equity backing (equity ~8.97M on assets ~10.54M in 2024) with modest leverage (debt-to-equity ~0.11). However, returns turned negative in 2024 (negative return on equity), and debt increased from zero in 2023 to ~0.99M in 2024. Overall leverage is still manageable, but profitability weakness raises the risk that the balance sheet quality could erode if losses persist.
Cash Flow
28
Negative
Cash generation weakened meaningfully in 2024, with operating cash flow and free cash flow both negative (-44.7K) after strong positive cash flow in 2023 (+890.9K). Cash flow no longer supports earnings quality, and the shift to cash burn increases reliance on the balance sheet for funding. The year-to-year volatility is a key concern for sustainability.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue-97.34K2.58M0.000.000.00
Gross Profit-97.34K2.58M0.000.000.00
EBITDA-462.94K2.15M-287.86K-131.51K-19.77K
Net Income-388.25K1.53M-289.32K-131.68K-19.85K
Balance Sheet
Total Assets10.54M8.12M341.98K623.61K11.59K
Cash, Cash Equivalents and Short-Term Investments10.52M8.11M332.97K576.02K10.09K
Total Debt995.00K0.009.17K0.000.00
Total Liabilities1.50M580.44K44.20K36.51K3.20K
Stockholders Equity8.97M7.47M297.78K587.10K8.38K
Cash Flow
Free Cash Flow-44.70K890.87K-241.58K-144.46K-22.35K
Operating Cash Flow-44.70K890.87K-241.58K-144.46K-22.35K
Investing Cash Flow-2.95M-6.44M0.000.000.00
Financing Cash Flow2.87M5.45M-1.47K710.40K0.00

Insight Business Support Plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
50
Neutral
£4.20M
48
Neutral
£8.23M-2.31224.15%
46
Neutral
£13.05M
42
Neutral
£600.00K-2.51
42
Neutral
£1.10M
41
Neutral
£23.97M86.91%34.99%-31.37%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:KLSO
Insight Business Support Plc
2.95
0.65
28.26%
GB:NARF
Cyba Plc
0.49
0.11
29.33%
GB:BAY
Bay Capital Plc
6.00
-0.75
-11.11%
GB:ONDO
Ondo InsurTech Plc
16.00
-19.00
-54.29%
GB:AC8
Acceler8 Ventures Plc
80.00
-20.00
-20.00%
GB:REDC
Red Capital PLC
11.00
-6.00
-35.29%

Insight Business Support Plc Corporate Events

Business Operations and StrategyFinancial Disclosures
Kelso lifts stake in The Works as it presses case on ‘undervalued’ UK retailer
Positive
Feb 23, 2026

Kelso Group Holdings Plc, a listed UK investment vehicle specialising in under-valued small and mid-cap stocks where it seeks to unlock value through active engagement, has built a concentrated portfolio including TheWorks.co.uk, Saga, THG and several other names. The firm leverages its highly experienced board to influence strategy, capital allocation and investor relations across its investee companies, aiming to close valuation gaps in the domestic market.

Kelso has increased its stake in TheWorks.co.uk Plc, the UK’s leading specialist retailer of affordable, screen-free activities, from 6.6% to 7.0%, underscoring its conviction that the chain is significantly undervalued. Despite The Works’ 500-store footprint, rising EBITDA and net cash, and expectations for further profit and cash growth, the retailer trades on very low EV/EBITDA and revenue multiples, prompting Kelso to send the board a set of proposals designed to help narrow what it views as a clear disconnect between performance and market valuation.

The Works reported revenue of £277m for the year to April 2025 and a 58% year-on-year rise in EBITDA pre-IFRS 16 to £9.5m, with 2026 EBITDA forecast at £11.0m and net cash expected to rise to at least £5.0m. Kelso argues that these metrics, achieved alongside continued investment in store expansion, are not reflected in the current valuation, and its more assertive shareholder stance may increase pressure on The Works’ board to pursue strategies that could unlock greater value for investors.

Clarity around The Works’ capital allocation, growth plans and market communication is likely to come into sharper focus as Kelso presses its case, potentially influencing broader sentiment towards UK value retailers. The move also illustrates Kelso’s wider strategy of using incremental stake-building and targeted engagement to catalyse re-ratings in overlooked domestic equities, a model that could resonate with other activist-style investors in the UK small and mid-cap arena.

The most recent analyst rating on (GB:KLSO) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Insight Business Support Plc stock, see the GB:KLSO Stock Forecast page.

Business Operations and Strategy
Kelso CEO to Spotlight New Saga and CVS Stakes at Investor Event
Positive
Feb 20, 2026

Kelso Group Holdings’ CEO John Goold will present at the Yellowstone Advisory Private Investor evening in London on 25 February 2026, outlining the firm’s portfolio and highlighting two new 2026 investments in Saga and CVS Group. The appearance underscores Kelso’s strategy of engaging actively with investors and the market around its concentrated holdings in UK small and mid-cap companies, reinforcing its profile as an activist-style vehicle seeking to unlock value in its investee businesses.

The most recent analyst rating on (GB:KLSO) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Insight Business Support Plc stock, see the GB:KLSO Stock Forecast page.

Business Operations and StrategyStock Buyback
Kelso Takes Strategic Stake in CVS Group, Calling Veterinary Chain Undervalued
Positive
Feb 17, 2026

Kelso Group Holdings has acquired 130,000 shares in veterinary services operator CVS Group, citing the company’s two-decade record of consistent revenue and EBITDA growth and its expansion to about 470 practices across the UK and Australia. CVS operates in a defensive, structurally growing pet-care market, benefiting from rising pet ownership and ageing animal populations, and has reported strong customer satisfaction and scale-driven efficiencies.

Kelso argues CVS is materially undervalued versus historic metrics and comparable UK growth compounders, given its current EV/EBITDA multiple of roughly 8x, strengthening balance sheet, and resilient cash generation. The investor sees potential catalysts for a share re-rating from the imminent conclusion of the UK competition watchdog’s review, prospective FTSE 250 inclusion, and disciplined capital allocation including share buybacks and moderate use of leverage, positioning CVS to remain a UK-listed growth story while deterring possible private equity interest.

The most recent analyst rating on (GB:KLSO) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Insight Business Support Plc stock, see the GB:KLSO Stock Forecast page.

Business Operations and StrategyStock BuybackM&A TransactionsPrivate Placements and Financing
Kelso Hails NCC Escode Sale as Undervaluation Case for UK Cybersecurity Stocks
Positive
Jan 22, 2026

Kelso Group Holdings has provided an update on its significant stake in NCC Group, a UK-listed cybersecurity and software escrow specialist, following NCC’s agreement to sell its Escode business to TDR Capital for an enterprise value of £275 million. The disposal, which comes after a strategic review, is accompanied by NCC’s plans to return a substantial portion of the proceeds to shareholders and launch a £70 million share buyback, moves Kelso supports as value-accretive for investors. Post-transaction, NCC will become the UK’s largest pure-play cybersecurity firm, and Kelso expects the ongoing strategic review of NCC’s cyber division to culminate in a sale in 2026, arguing that the implied valuation of the remaining business is at a steep discount to peers and underscores broader undervaluation in the UK equity market. Kelso also noted that aside from a recent purchase of Saga shares and a £2 million fundraising completed in December 2025, its portfolio of six core investments remains largely unchanged, with further updates on holdings expected during 2026.

The most recent analyst rating on (GB:KLSO) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Insight Business Support Plc stock, see the GB:KLSO Stock Forecast page.

Business Operations and Strategy
Kelso Builds New Stake in Saga as Turnaround Gains Traction
Positive
Jan 6, 2026

Kelso Group Holdings has disclosed a new strategic investment in Saga plc, acquiring 400,000 shares in the over-50s specialist travel and insurance group, as it seeks to capitalise on what it sees as a mispriced UK mid-cap opportunity. Kelso argues that Saga’s shift back to a predominantly travel-focused, asset-backed cruise business, its accelerating deleveraging, the sale of its capital-intensive underwriting arm, and strengthening management under Sir Roger De Haan have materially improved the group’s fundamentals, yet the shares still trade at a discount to cruise-sector peers and to the value of its cruise ship assets. The investor believes further debt reduction and profit growth could unlock a rerating, potentially aiding Saga’s return to the FTSE 250 and attracting index and US investor interest, and has already engaged Saga’s board with proposals aimed at accelerating deleveraging and broadening the shareholder base.

The most recent analyst rating on (GB:KLSO) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Insight Business Support Plc stock, see the GB:KLSO Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Kelso Group Holdings Raises £2.05 Million to Expand Investment Portfolio
Positive
Dec 17, 2025

Kelso Group Holdings Plc has successfully raised £2.05 million through the issuance of new ordinary shares, which will be used to expand its investment portfolio. This strategic move aims to balance risk and reward, enhancing Kelso’s market position in the UK small cap sector. The new shares will be admitted to the London Stock Exchange, increasing the company’s total share capital and voting rights, and reflecting strong shareholder support for Kelso’s investment strategy.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 04, 2026