Company Number: 15123376

Analysis Date: 2025-07-19 12:22 UTC

1. Risk Rating: LOW

Justification: Millennium Properties Ltd is a newly incorporated (September 2023) private limited company classified as dormant with minimal financial activity reported to date. The company has negligible assets and liabilities (£2,000 cash, £1,999 current liabilities), maintaining a positive but very small net current asset position (£1) and net assets of £1. There are no overdue filings or compliance issues. Given the company’s dormancy and minimal financial footprint so far, solvency and liquidity risks appear very low at this early stage.

2. Key Concerns:

• Minimal Operating History: The company was incorporated less than a year ago and is still dormant, so there is no track record of trading or revenue generation.
• Very Limited Financial Resources: Cash and net assets are nominal (£2,000 and £1 respectively), which would not support significant operational activities or absorb unexpected costs.
• Director Loans as Creditors: Current liabilities consist almost entirely of director loans (£1,999), indicating reliance on related-party funding which may pose risks if not formalized or repaid timely.

3. Positive Indicators:

• No Overdue Filings or Compliance Issues: Accounts and confirmation statements are filed on time, indicating good governance and regulatory compliance.
• Clear Ownership and Control: Single director and 75-100% shareholder Mr. Francis Okpalaenwe is identified with no adverse records, suggesting straightforward governance.
• Dormant Status Limits Immediate Financial Risk: Being dormant means no active trading liabilities or operational cash flow concerns at this point.

4. Due Diligence Notes:

• Review plans and timeline for transitioning from dormant status to active operations, including capital injections or financing arrangements.
• Verify terms and documentation related to director loans to understand repayment expectations or potential creditor risks.
• Monitor future filings for any changes in financial position, operational activity, or governance structure that could affect risk profile.