A Residents’ Management Company (RMC) consists of a Building’s Leaseholders that have the responsibility to decide how the building is to be managed best, either by themselves or by appointing a Managing Agent. Whilst the management and running of a RMC can seem relatively straightforward, it can become over whelming, as there may be conflicting priorities amongst the Directors or there isn’t enough time to perform the role.

Because there are different approaches Leaseholders may want to take towards the management of their development, Quay Management Services (QMS) have grouped the different levels of services we provide into the below three categories. Irrespective on the level of support the RMC requires, QMS are here to support you in the management of your development. Dependent on the RMC’s requirement, we can amend the groupings to meet each of the RMC directors needs. Contact us by the details below to discuss your requirements.

Quay Management Services architect checking project

Green

  • Manage repairs, and major works.
  • Attend AGMs and regular meetings with Leaseholders. We also act as your Company Secretary and Registered Office.
  • Arrange Directors liability insurance.
  • The preparation of annual budgets.
  • Collection of service charges in arrears.
  • Complete all statutory information with Company House.
  • Arrange and attend shareholder meetings.
  • Arrange for the issue of new share certificates.

Gold

  • All prior Green Services included.
  • Ensure health and safety, asbestos, electrical and fire risk assessment compliance.
  • Maintain list of Tenants and Landlords.
  • Issue service charge budgets and accounts, collect and process service charge payments.
  • Liaise with accountants concerning the statutory accounts of the management company, the filing of any tax returns, and the payment of any tax due.
  • Manage cash flow.
  • Create 5 and 10 year major work plans.

Purple

  • All prior Green and Gold Services included.
  • Conduct regular site visits.
  • Provide out of hours emergency support.
  • Half Yearly budget reviews.
  • Creation of personalised payment plans to allow Leaseholders to spread their outgoings over the course of the year.
  • Liaise and lead Neighbourhood Watch meetings and community engagement activities.
  • Maintain interest bearing client bank accounts held under statutory trust.