ELEG

Electric Guitar PLC

Financial Services First-pass screen £2.06m

210/1000 Overall fit

AI beneficiary 35% 25

Operating leverage 25% 15

Valuation 25% 30

Downside protection 15% 5

First-pass take

SPAC acquired 3radical (first-party marketing data platform) in May 2024 but subsidiary liquidated December 2024 after revenue miss. Company now a cash shell with £1.5m negative equity, no operations, and £0.3m survival funding proposed.

Flags

insolventgoing-concerncash-shellcvasubsidiary-liquidatednegative-equityloss-makingno-valuation-data