UK legislation requires all limited companies to maintain and publish records relating to the governance of a company – including residential management companies. This serves to protect investors, employees and other stakeholders. Traditionally, this is the responsibility of the Company Secretary, a senior Administrative Officer whose presence is crucial for the smooth running of any commercial business.
As a limited company, Resident Management Companies are not exempt from these same legal requirements. However, there are differences that do exist between commercial companies and RMCs – an area that is too easily ignored or sidelined by Directors of Resident Management Companies. Failure to meet the company’s legal requirements can sometimes delay the sale of a unit within the development and, in extreme cases, may make a Resident Management Company Director(s) liable to fines under Company Law.
We understand that most Resident Management Companies are run by individuals who have busy lives and have many other day to day responsibilities to deal with. Employing Rylands Associates company secretarial services’ can provide any Resident Management Company Director with peace of mind that the company’s legal obligations are being handled by qualified professionals.
Employing Rylands Associates company secretarial services’ can provide any Resident Management Company Director with peace of mind that the company’s legal obligations are being handled by qualified professionals.
Meeting the needs of our customers is our core focus. We have extensive experience of managing both individual leasehold apartment blocks and private residential estates with freehold properties throughout England and Wales. If you’re a Resident Management Company or Right to Manage Company looking to appoint a managing agent who can offer an unrivalled level of service, look no further. We have a team of experienced, field-based Property Managers who regularly monitor standards of maintenance and are responsible for all aspects of management. They are also responsible for the appointment of contractors to carry out cleaning, gardening, repairs, maintenance and redecoration.