81 London Stock Exchange companies in Altman's distress band
An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.
Stocks · Non-US shares · London Stock Exchange (LSE) · Ranked by Altman Z-Score in ratio, largest company first · Rebuilt 2026-11-07 at 09:25 UTC
How this list is built
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against total assets, from the newest filed statements. Where the filer raised going concern itself, that sentence is shown with its filing. The score classifies and does not rank: Altman published two cut-offs and no ordering below the lower one, so the list is ordered by size, largest company first. The screen: companies listed on London Stock Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 379 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.
The list
50 of 81 companies| # | Company | Market | Sector | Altman Z-Score, in ratioAltman Z | Current ratio, in ratioCurrent ratio | Tangible equity ratio, in ratioTangible equity ratio | Operating margin, in percentOperating margin | Altman Z-Score over timeAltman Z over time | Source |
|---|---|---|---|---|---|---|---|---|---|
| 1 | LSE:SSESSE plc | LSE | Utilities | 1.70 | 1.20 | 0.32 | 20.6% | n/a | Source n/a |
| 2 | LSE:BT-ABT Group plc | LSE | Communication Services | 1.24 | 0.85 | 0.02 | 18.0% | n/a | Source n/a |
| 3 | LSE:INFInforma plc | LSE | Communication Services | 1.70 | 0.44 | -2.50 | 19.6% | n/a | Source n/a |
| 4 | LSE:UUUnited Utilities Group PLC | LSE | Utilities | 0.88 | 2.55 | 0.12 | 41.7% | n/a | Source n/a |
| 5 | LSE:SVTSevern Trent Plc | LSE | Utilities | 0.75 | 1.39 | 0.09 | 33.6% | n/a | Source n/a |
| 6 | LSE:MTLNMetlen Energy & Metals PLC | LSE | Utilities | 1.63 | 1.86 | 0.22 | 5.1% | n/a | Source n/a |
| 7 | LSE:EZJeasyJet plc | LSE | Industrials | 1.65 | 1.11 | 0.25 | 7.0% | n/a | Source n/a |
| 8 | LSE:LANDLand Securities Group plc | LSE | Real Estate | 1.55 | 1.04 | 0.57 | 47.6% | n/a | Source n/a |
| 9 | LSE:WTBWhitbread plc | LSE | Consumer Cyclical | 1.26 | 0.44 | 0.32 | 21.3% | n/a | Source n/a |
| 10 | LSE:BLNDBritish Land Company PLC | LSE | Real Estate | 1.46 | 0.15 | 0.63 | 51.4% | n/a | Source n/a |
| 11 | LSE:LMPLondonMetric Property Plc | LSE | Real Estate | 1.18 | 1.78 | 0.58 | 89.3% | n/a | Source n/a |
| 12 | LSE:ITHIthaca Energy plc | LSE | Energy | 1.17 | 0.79 | 0.12 | 39.0% | n/a | Source n/a |
| 13 | LSE:BBOXTritax Big Box REIT plc | LSE | Real Estate | 1.59 | 2.38 | 0.63 | 80.6% | n/a | Source n/a |
| 14 | LSE:ENTEntain plc | LSE | Consumer Cyclical | 0.67 | 0.52 | -2.55 | 10.2% | n/a | Source n/a |
| 15 | LSE:OCDOOcado Group plc | LSE | Consumer Defensive | 0.82 | 2.00 | 0.25 | n/a | n/a | Source n/a |
| 16 | LSE:HBRHarbour Energy plc | LSE | Energy | 0.44 | 0.70 | 0.04 | 26.8% | n/a | Source n/a |
| 17 | LSE:HTWSHelios Towers plc | LSE | Communication Services | 1.61 | 1.26 | -0.24 | 34.1% | n/a | Source n/a |
| 18 | LSE:UTGUnite Group Plc | LSE | Real Estate | 1.48 | 29.97 | 0.75 | 46.0% | n/a | Source n/a |
| 19 | LSE:CANCanal+ S.A. | LSE | Communication Services | 0.37 | 0.81 | -0.44 | 3.6% | n/a | Source n/a |
| 20 | LSE:IWGInternational Workplace Group plc | LSE | Real Estate | 0.27 | 0.38 | -0.18 | 2.9% | n/a | Source n/a |
| 21 | LSE:MABMitchells & Butlers plc | LSE | Consumer Cyclical | 1.38 | 0.47 | 0.52 | 12.1% | n/a | Source n/a |
| 22 | LSE:HMSOHammerson plc | LSE | Real Estate | 1.39 | 4.26 | 0.53 | 40.7% | n/a | Source n/a |
| 23 | LSE:PHPPrimary Health Properties PLC | LSE | Real Estate | 0.64 | 6.67 | 0.42 | 78.0% | n/a | Source n/a |
| 24 | LSE:PNNPennon Group Plc | LSE | Utilities | 0.56 | 1.51 | 0.16 | 24.8% | n/a | Source n/a |
| 25 | LSE:SRESirius Real Estate Limited | LSE | Real Estate | 1.36 | 0.92 | 0.53 | 40.1% | n/a | Source n/a |
| 26 | LSE:SRCSigmaRoc plc | LSE | Basic Materials | 1.74 | 1.17 | 0.19 | 14.7% | n/a | Source n/a |
| 27 | LSE:SSPGSSP Group plc | LSE | Consumer Cyclical | 1.20 | 0.44 | -0.24 | 7.4% | n/a | Source n/a |
| 28 | LSE:COACoats Group plc | LSE | Industrials | 1.71 | 1.56 | -0.54 | 20.0% | n/a | Source n/a |
| 29 | LSE:KIEKier Group plc | LSE | Industrials | 1.54 | 0.90 | -0.02 | 2.6% | n/a | Source n/a |
| 30 | LSE:GPEGreat Portland Estates Plc | LSE | Real Estate | 1.52 | 0.54 | 0.68 | 20.9% | n/a | Source n/a |
| 31 | LSE:GRIGrainger plc | LSE | Real Estate | 1.20 | 2.71 | 0.54 | 49.4% | n/a | Source n/a |
| 32 | LSE:WIZZWizz Air Holdings Plc | LSE | Industrials | 0.59 | 0.69 | 0.03 | 3.2% | n/a | Source n/a |
| 33 | LSE:RHIMRHI Magnesita N.V. | LSE | Basic Materials | 1.75 | 1.46 | 0.02 | 9.5% | n/a | Source n/a |
| 34 | LSE:SAGASaga plc | LSE | Consumer Cyclical | 0.74 | 1.28 | -0.16 | 9.9% | n/a | Source n/a |
| 35 | LSE:ENOGEnergean plc | LSE | Energy | 0.51 | 0.79 | 0.001 | 15.5% | n/a | Source n/a |
| 36 | LSE:SAFESafestore Holdings plc | LSE | Real Estate | 1.58 | 0.27 | 0.64 | 57.1% | n/a | Source n/a |
| 37 | LSE:JDWJ D Wetherspoon plc | LSE | Consumer Cyclical | 1.65 | 0.23 | 0.17 | 5.4% | n/a | Source n/a |
| 38 | LSE:BYITBytes Technology Group plc | LSE | Technology | 0.92 | 1.05 | 0.08 | 28.5% | n/a | Source n/a |
| 39 | LSE:ZIGZigup Plc | LSE | Industrials | 1.69 | 0.92 | 0.38 | 9.0% | n/a | Source n/a |
| 40 | LSE:SPISpire Healthcare Group plc | LSE | Healthcare | 0.90 | 0.63 | 0.15 | 9.3% | n/a | Source n/a |
| 41 | LSE:SQZSerica Energy plc | LSE | Energy | 1.07 | 1.14 | 0.29 | 5.1% | n/a | Source n/a |
| 42 | LSE:YNGAYoung & Co.'s Brewery, PLC | LSE | Consumer Cyclical | 1.76 | 0.27 | 0.57 | 14.0% | n/a | Source n/a |
| 43 | LSE:WKPWorkspace Group plc | LSE | Real Estate | 1.14 | 0.42 | 0.60 | 50.5% | n/a | Source n/a |
| 44 | LSE:ROSERosebank Industries Plc | LSE | Industrials | 0.81 | 1.76 | -0.64 | 13.3% | n/a | Source n/a |
| 45 | LSE:PPHPPHE Hotel Group Limited | LSE | Consumer Cyclical | 0.76 | 1.00 | 0.16 | 14.1% | n/a | Source n/a |
| 46 | LSE:OXBOxford Biomedica plc | LSE | Healthcare | 0.37 | 2.20 | 0.22 | -17.6% | n/a | Source n/a |
| 47 | LSE:THGTHG Plc | LSE | Consumer Cyclical | -0.32 | 0.92 | -0.54 | -2.1% | n/a | Source n/a |
| 48 | LSE:SMWHWH Smith PLC | LSE | Consumer Cyclical | 1.25 | 0.39 | -0.28 | 8.6% | n/a | Source n/a |
| 49 | LSE:ENQEnQuest PLC | LSE | Energy | 0.64 | 0.72 | 0.11 | 24.7% | n/a | Source n/a |
| 50 | LSE:ASCASOS Plc | LSE | Consumer Cyclical | 1.50 | 1.02 | -0.22 | -1.8% | n/a | Source n/a |
This is the top of the list. The rest is a page away and no plan is needed for it.
Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.
Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.