Company Number: 12759543

Analysis Date: 2025-07-29 18:16 UTC

1. Risk Rating: HIGH
   RAAH CIC exhibits high risk primarily due to its complete lack of revenue generation over multiple years, absence of cash or current assets in the latest period, and zero net assets. The company’s financial inactivity and zero turnover raise substantial concerns about its ability to meet obligations or continue operating sustainably.

2. Key Concerns:

• Zero Turnover and Operating Activity: The company has reported zero turnover consistently since incorporation, indicating no trading or income-generating operations, which undermines operational viability.
• No Liquid Assets as of Latest Filing: Cash and current assets dropped to zero by 31 July 2024, signaling potential liquidity distress and inability to cover liabilities or fund activities.
• Negative Net Equity and Unsettled Creditors: Although net assets are reported as zero, previous years showed creditors falling due after one year and accrued income liabilities, suggesting unresolved financial obligations without corresponding assets.

3. Positive Indicators:

• Timely and Compliant Filings: The company is current with its accounts and confirmation statement filings, showing adherence to regulatory requirements and no filing penalties.
• No Director Disqualifications or Governance Issues Noted: All directors appear in good standing with no public disqualification records or governance flags.
• Community Interest Company Structure: As a CIC limited by guarantee, the company may have charitable or social objectives that do not require profit generation, which could explain zero turnover.

4. Due Diligence Notes:

• Clarify Business Model and Revenue Plans: Investigate why turnover remains zero and whether the company intends to commence trading or generate income.
• Examine Funding Sources and Financial Support: Assess whether the company relies on grants, donations, or other non-commercial funding to sustain operations.
• Review Obligations and Creditors: Detailed scrutiny of the nature and status of creditors reported in prior years, including amounts and settlement plans.
• Assess Impact of Dormant Status: The community interest report states "Dormant," confirming minimal or no activity—verify if this status is ongoing or temporary.
• Confirm Directors’ Roles and Commitment: Understand directors’ engagement given no employee presence and no remuneration disclosed.