Garrison
Donor
Sealion was ready to execute, (ie, commence the countdown) in mid-September 1940, the required transport had been assembled or would be there on the required date. It was not ordered to proceed for a variety of reasons, primarily because air superiority had not been established.
Air superiority provided a great excuse for the Heer and the Kriegsmarine to refuse to execute an operation they knew was never going to work. The only way the hastily thrown together assembly of barges and tugs was going to affect the British is if the mere threat of invasion forced them to negotiate peace. The half assed Sealion invasion force had about the same effective combat power as FUSAG in 1944. If somehow some part of the Sealion force did reach the beaches the outcome would make Dieppe look like a strategic masterpiece.