Proof of Usefulness Report

SP Angel

Analysis completed on 1/25/2026

+296
Proof of Usefulness Score
Gaining Momentum

The project represents a legitimate, regulated UK investment bank (SP Angel Corporate Finance LLP) with verifiable market presence and a client base of over 50 quoted companies. However, the submission itself is of extremely low quality, containing patently false claims (e.g., audience is 'everyone', traction is 'most people'), inaccurate data (team size exaggerated to 125 vs actual ~45), and nonsensical financial metrics ('all time marketcap: 2500000' in the revenue field). The high underlying utility and established nature of the firm save the score from being negligible, but the poor quality and dubious accuracy of the submission impose significant penalties.

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Score Breakdown

Real World Utility+60.0
Audience Reach Impact+15.0
Technical Innovation+24.0
Evidence Of Traction+22.5
Market Timing Relevance+60.0
Functional Completeness+5.0
Subtotal+186.5
Usefulness Multiplierx1.59
Final Score+296

Project Details

Project URL
spangel.co.uk
Description
We have expanded steadily since our formation in 2006 and currently act as adviser and broker to over 50 companies quoted on AIM, the Aquis Exchange or the Main Market. We support our clients with a full range of expertise and services covering ongoing regulatory advice, IPOs and secondary placings, M&A transactions and corporate structuring. With an established reputation for market reach and successful execution of mandates, we have a strong track record across many key sectors including, Mining, Oil & Gas, Healthcare, Technology and Special Situations. The long-term client relationships we develop enable us to partner with our clients to help drive the growth of their businesses through rapidly changing market conditions. SP Angel is a Member of the London Stock Exchange, an AIM Nominated Adviser and Broker and an Aquis Exchange Corporate Adviser and is authorised and regulated by the Financial Conduct Authority (FCA).

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline