Success for Jordans

Jordans has entered into a contract to provide company administration services for Crest Nicholson residential developments across the southeast. Jordans will provide company secretary administration and accounting services for more than 30 companies that Crest Nicholson have set up to manage residential sites.

Lee Grove of Jordans said: “The consequences of not keeping your property management company in good order can be disastrous. The Companies Act imposes a wide range of obligations on all companies and property management companies are no exception. The directors of the company must ensure that:

*Company registers are maintained, including, in the case of right to manage companies, the register of entitlement to voting rights on a poll;

*All transfer formalities on a change of officer or member are properly completed;

*Annual returns are prepared and filed at Companies House;

*Company accounts are prepared and filed at Companies House; and

*Documents for annual general meetings are prepared, including dealing with the directors’ retirement by rotation provisions, notices for the members and minutes for signature by the chairman.

For many people, dealing with these obligations can be time consuming. Unless there is a flat owner who is willing to take responsibility for these matters and learn what needs to be done, it is often the case that they get overlooked completely, or handled badly and at the last minute.”