REDC

Red Capital PLC

Financial Services First-pass screen £2.90m

190/1000 Overall fit

AI beneficiary 35% 20

Operating leverage 25% 15

Valuation 25% 25

Downside protection 15% 15

First-pass take

Shell acquisition company with no operations, negative equity (£100k liability), minimal cash (£6.4k year-end). Post-period pivot from tech focus to Venezuelan energy sector. Going concern contingent on successful £1.6m fundraise. Zero AI exposure, zero revenue, distressed balance sheet.

Flags

shell-companygoing-concernnet-liabilitiesmicro-capzero-revenuepivot-announcedno-valuation-data