SCGL

Sealand Capital Galaxy Limited

Technology First-pass screen £16m

320/1000 Overall fit

AI beneficiary 35% 40

Operating leverage 25% 30

Valuation 25% 30

Downside protection 15% 20

First-pass take

The company is pivoting from a struggling £122k e-commerce distribution business (£350k loss) toward AI-enabled luxury targeting via the EVOO/SEA-VOO platform, but the investment was made post-year-end with no proven traction. The balance sheet is deeply negative (£1.6m net liabilities) and the company is dependent on related-party forbearance and a convertible loan for survival.

Flags

loss-makingnegative-equitygoing-concernai-pivotmicro-capno-valuation-data