---
title: "Merchant Firm Ltd — Ownership Dossier"
canonical: https://whiteintel.dev/entity/82173919-2dfc-529f-b01f-b315531e73cd
json: https://whiteintel.dev/api/public/dossier/82173919-2dfc-529f-b01f-b315531e73cd
identifier: icij:icijol-144080
jurisdiction: VG
risk: Medium
source: WhiteIntel corporate-ownership graph
---

# Merchant Firm Ltd

**Type:** Company  
**Jurisdiction:** [VG](https://whiteintel.dev/jurisdictions/vg)  
**Identifier:** `icij:icijol-144080`  
**Risk level:** Medium  
**Canonical dossier:** https://whiteintel.dev/entity/82173919-2dfc-529f-b01f-b315531e73cd  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/82173919-2dfc-529f-b01f-b315531e73cd  

## Ownership & control

### Owners / controllers

- **HSBC Trustee (Singapore) Ltd** (shareholder of) — https://whiteintel.dev/entity/714d1f1b-a990-5c61-aaba-8534a400d376
- **Ravencroft Investments Incorporated** (shareholder of) — https://whiteintel.dev/entity/58b88933-ee94-5225-941b-8fe04c59610e

### UBO chain (walk to the ultimate owner)

A **5-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**2** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/144080

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **Merchant Firm Ltd**. Human view: https://whiteintel.dev/entity/82173919-2dfc-529f-b01f-b315531e73cd · Structured JSON: https://whiteintel.dev/api/public/dossier/82173919-2dfc-529f-b01f-b315531e73cd._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._