Company Number: 15046605

Analysis Date: 2025-07-29 14:27 UTC

1. Risk Rating: HIGH
   Justification: Rasasas Ltd is a newly incorporated micro-entity with minimal financial data and negligible assets (£100 current assets, no liabilities). The company holds legal title to freehold property under a bare trust with no beneficial ownership or control, indicating little to no operational asset base. The absence of employees and income statement details further limits evidence of sustainable business activity or cash flow generation.

2. Key Concerns:

• Solvency and Liquidity: Extremely limited current assets (£100) with no evidence of income or cash reserves raises significant doubt about the company’s ability to meet financial obligations as they fall due.
• Operational Stability: No employees and no reported revenues or profits; the company appears dormant in operational terms despite being active on the register.
• Asset Control and Transparency: The company holds freehold property on bare trust without beneficial ownership, potentially obscuring true asset control and raising questions about the substance of the business operations.

3. Positive Indicators:

• Compliance: No overdue filings; annual accounts and confirmation statements have been submitted timely indicating adherence to statutory requirements.
• Clear Ownership and Management: Single director and 100% owner identified with no reported disqualifications or governance issues.
• Micro-entity Reporting: The company benefits from simplified reporting requirements reducing administrative burden at this stage.

4. Due Diligence Notes:

• Investigate the nature and purpose of the freehold property held on bare trust, including any charges or encumbrances registered and related party transactions.
• Confirm the company’s business plan or intended operations given the lack of employees, revenue, and substantive assets.
• Review director’s background and source of funding to assess potential risks related to capital adequacy and financial support.
• Monitor future filings and financial statements for evidence of operational activity and improved asset base.