Seed Capital Solutions reports £92,600 loss, plans fundraising

London-based Seed Capital Solutions plc (LON:SCSP) disclosed a net loss of £92,600 for the six months ending June 30, 2026, according to a July 10, 2026 press release. The company's cash reserves fell to £10,900, down from £14,700 a year prior and £211,400 two years prior. Total liabilities rose to £511,900, leaving net liabilities at £490,700.

Seed Capital Solutions had been in the process of acquiring Cuarta Dimension Medica SL, a Spanish firm specializing in artificial intelligence. However, the deal was abandoned after it became clear that the Spanish Ministry of Economy, Trade and Business would not grant the necessary authorization. To address its financial challenges, the company announced it would seek an equity fundraising to meet its ongoing obligations, pay off professional liabilities, and fund potential acquisitions and investments.

On August 18, 2026, Seed Capital Solutions reached an agreement to settle up to £125,000 of professional creditors through the issuance of new ordinary shares, with an additional £50,000 in cash. The company intends to request the Financial Conduct Authority to lift a temporary suspension of its listing on the Official List following the completion of the creditor settlement and fundraising.

However, the company's accounting reference date was altered from June 30 to December 31, extending its financial period from July 1, 2025, through December 31, 2026. The board recognizes the significant uncertainty surrounding the company's ability to remain a going concern, contingent upon the successful completion of the equity funding exercise.