Financial

We provide fully managed billing, invoicing and collection services for both Service Charges and Ground Rents under the terms of the lease and in accordance with the budgets set by the Residents Association Directors,

Regular and timely payment of service providers invoices.

We will also undertake and assist in the collection of bad debts as required.

We will tailor financial reporting to the specific needs of the individual clients.

Annual preparation of draft accounts in anticipation of audit and subsequent liaison with the auditors.

We will prepare annual service charge budgets together with reserve fund plan relating to cyclical maintenance

We will advise and recommend controls and procedures to protect and provide good accounting practices for control of residents funds.

We will assist in providing bank accounts, independent accountants and lawyers if required.
We would recommend that all Residents monies are held in a bank account in the name of the Residents Ltd company name, although we can provide client account services if required.

Act as a signatory, if required, on all bank accounts working within a pre-arranged delegated limit.

We work with insurance companies and brokers to provide Building insurance, Directors and officers insurance and public liability insurance.