Management Company

By Nige on Tue 25 Jun 2024 at 16:11
Type: Page

What is a Management Company?

In the context of The Dovecote, a Management Company (MC) is responsible for the the Public Open Space (POS), management of the service charge and the delivery of management and maintenance services at the development.

The MC for The Dovecote was established by Bloor Homes Ltd and incorporated on 8th Dec 2017 at Companies House as Dovecote (Drayton) Management Company Limited, 11103835.

Background

Construction of The Dovecote started in 2018 and incorporates a large area of POS. We are currently in the final stages of handover and hope that the POS will be handed over to the MC at some point in 2024.

The local council that is overseeing the handover and will ultimately sign off the development is Vale of White Horse District Council (VWHDC). The The Dovecote Residents’ Association (TDRA) is working closely with VWHDC to ensure that the development is completed in line with the original planning application.

Home Owners Responsibilities

When home owners first completed on their properties, they paid a small service charge (up to a max of about £250). The intention of this service charge was to form a “starting cash balance”, which the MC could immediately use in support of maintaining the POS after handover. Bloor Homes has transfered this money over to Chamonix Estates (in the first instance) and this money now sits with First Port Ltd.

Unfortunately, due to the way in which Bloor Homes has organised the management of the MC, the Estate Manager is taking this money in “expenses”, year by year . It is expected that there will be no money left in this “starting cash balance” at some point in 2024.

At the point of completion, home owners also agreed to be considered for election to the MC board of directors at the point of handover. This was via a form which residents signed called the TP1.

Management Company Directorships

TBC

What’s Involved in being a Management Company Director?

TBC