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 side-lined 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 can act as your RMC's company secretary. To include all submission of audited accounts, annual returns and any other correspondence to the registrar of companies. Employing MKDP Properties' company secretarial services can provide any Resident Management Company Directors and shareholders with peace of mind that the company’s legal obligations are being handled by qualified professionals.