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by johnnienaked 301 days ago
Using an AI for this is like using crypto to pay for something: only done for the novelty

Regular coding, the SECs API (or UK equivalent), and some simple spreadsheet formulas have already done the brunt of this for years now.

1 comments

Fair point - I started with the Companies House API and traditional parsing too. The issue isn't data access, it's consistency. UK companies file in wildly different formats - some use full GAAP, others micro-entity accounts, many have incomplete data. Rule-based systems work for ~60% of companies, then break on edge cases. Financial health also requires context: Is this debt ratio concerning for their industry/size? Are these cash patterns seasonal or declining? How do you weight profitability vs growth stage? I spent months on traditional approaches first. The AI handles the inconsistency and contextual interpretation that spreadsheet formulas can't.
I respect your comment but all of these things can be automated without an AI

The inconsistency of UK reporting is highly interesting though