Ltd co. management meetings

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    Ltd co. management meetings

    Hello

    I am not sure if this is the correct topic to ask this under. Myself and 7 other flat owners manage our block of 8 flats. We have formed our own limited company to do this along with a bank account etc. This has been running for sometime now. The question is, is there any law stating how often we should have meetings amongst us to discuss issues regarding the flats? At the moment we are having them once a year but I'm not sure if this is ok for a ltd company?

    Thanks for any advice...

    #2
    You have to have an A.G.M. once a year, but that is not for discussing
    maintenence.

    You meet as often as you wish. evey month / 3 months / 6 months,
    but only the directors meet to discus / delegate who does what,
    how is the maintenence going, are all the quotes in, what is the
    maintenence program for the next 5 years, arewe saving enough
    to
    meet projected maintence for next year / next 5 years.

    If like me, you are trusted to run the place properly, manage the
    fire and safety report, get the ball rolling on items found to needed
    to be done, then once a year may be fine.

    If you need a lot of money over the next 5 years, someone HAS
    to advise, maybe have meetings, maybe force people to obey
    the lease. ( You may find it says the property MUST be maintained
    in good order, and not when things fall off or down )

    Hope above helps.

    R.a.M.

    Comment


      #3
      You only need to have an AGM if your articles require you to and can pass a resolution to not hold, or do have, them.

      As you are unaware of thr repsonsibilites I suggest you purchase the following:

      http://www.flat-living.co.uk/arma-tr...-directors/p33
      Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.

      Comment


        #4
        Some light reading can be found at http://ram2.hostbyet2.com/
        when you are up to it.

        Comment


          #5
          Thanks for advice everyone

          Comment

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