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Flats Management Company Formation with Ukincorp, Simple Formation of Flats Management Company within 3 Hours!

UK flat management company formation: forming a flat management company is swift and straightforward with Ukincorp, and our incorporation fees are among the lowest anywhere. We cut out all the unnecessary red tape and flats management company formation services, such as expensive solicitors, and deal directly with Companies House to ensure flat management companies are registered in the fastest possible time - often in a matter of hours - and with the minimum of fuss. Our online flat management company formation application process, which is approved by Companies House, means all clients have to do is fill in their details and submit it, and we do the rest.
Ukincorp as flats management company formation agent is an expert in flats and property company formation, we helped a lot of UK companies to register and start flats management business. Form your limited company today with Ukincorp, it is cheap, simple and fast.

Flats Management Company Formation

ADVANTAGES

  • Companies formation 24/7
  • We form different types of companies
  • We provide post-formation service
Flats Management Company Registration

CONVENIENCE

  • Company formation in 3 hours
  • Provision of a registered address
  • Qualified pre & post formation support
Our Flats Management Company Formation Packages
£149.89

NO ANNUAL CHARGES

1
option

This package is for customers who want the simplest flats management company formation with bank account at Barclays, RBS, Lloyds or NatWest (optional), all corporate documents produced electronically.

The following documents will be e-mailed to you upon the formation of flat management company limited by guarantee:

    • The certificate of incorporation;
    • The memorandum & articles of association;
    • The fast-track bank account with NatWest or Barclays.
£164.89

NO ANNUAL CHARGES

2
option

This is the basic flat management company limited by guarantee formation with NatWest or Barclays bank account (optional) package with additional documents produced electronically & the laminated certificate will be send by post.

This flats management company formation offer includes all services mentioned in the first option, plus:

  • The meeting of the board of directors;
  • Membership certificates;
  • The company' register;
  • The laminated certificate of incorporation.
£207.89

No annual charges

3
option

This is one of our very favorite property management company formation packages, which comes with the Barclays or NatWest bank account (optional).

The third option includes all benefits & items mentioned in the second option, plus free delivery of:

  • One set of the memorandum and articles of association with a company's registers printed & top-notch bound;
  • The first meeting of the board of directors, elegant printed membership' certificates & the rubber stamp;
  • The certificate of the beneficial owner.
£214.89

Annual fees from £75.00

4
option

This is the most popular property management company formation packages which comes with the registered office address in London, at Baker Street.

This company formation offer includes all company registration benefits & items mentioned into the second option, plus the provision of:

  • The registered office address in London;
  • The government mail forwarding;
  • The secretarial compliance service & the certificate of the registered office address;
  • Additional services are available.
£149.89

NO ANNUAL CHARGES

1
option

This flat management company limited by shares formation package is for customers, who have an address in the UK, & want the simplest offer with documents produced electronically.

The following documents will be sending via e-mail upon the formation of property management company:

  • The certificate of incorporation;
  • The memorandum & articles of association;
  • The fast track corporate bank account with NatWest or Barclays (which is optional).
£164.89

NO ANNUAL CHARGES

2
option

This is the basic flats or property management company formation package for such customers, who have a valid address in the UK, with additional documents produced electronically & the laminated certificate will be send by post.

This company formation offer includes all services mentioned in the first option, plus:

  • The meeting of the board of directors;
  • Share certificates;
  • The company' register;
  • The laminated certificate of incorporation (free delivery).
£207.89

NO ANNUAL CHARGES

3
option

This is one of our very favorite UK property management companies' formation packages, which comes with the Barclays or NatWest bank account (optional).

The third incorporation option includes all benefits & items mentioned in the second option, plus free delivery of:

  • One set of the memorandum and articles of association with a company's registers printed & top-notch bound;
  • The first meeting of the board of directors, elegant printed shares' certificates & the rubber stamp;
  • The certificate of the beneficial owner.
£214.89

ANNUAL FEES FROM £75.00

4
option

This is the most popular property management company formation packages for British customers & expatriates who are looking to get a registered address alongside with the UK properties management company formation.

This company formation offer includes all LTD registration benefits & items mentioned into the second option, plus the provision of:

  • The registered office address in London;
  • The government mail forwarding;
  • The secretarial compliance service & the certificate of the registered office address.

Are you Ready to Form a Flats Management Company & Need the Formation of Flats Management Company in London, Edinburgh, or in Belfast?

We have a range of flat management companies formation packages to suit individual needs, and they start from just £149.89, with no hidden charges or fees. Clients can also get an optional free business bank account with either NatWest, Lloyds, RBS or Barclays. In addition, at Ukincorp, we provide a range of UK flat management company formation services to help people establish their own firms. We have nominee directors and nominee shareholders services, in cases where clients don't have enough officers to propose for company directors, secretary or shareholders, or indeed where people wish to register a flat management company and retain their anonymity & not have their own names appear on the register at Companies House.

Using nominees is especially useful where companies are expanding and don't want competitors to know who is behind a new flat management company formation in a particular area. We also provide registered office addresses for UK flat management company registration purposes, at prime locations in London and major cities right around the country. This is particularly helpful for those who run their business from home and don't want their address on the public records, as well as not inviting potential inspection visits from the authorities as well as other people turning up unexpectedly, such as creditors.

When your flat management company is formed, we will give you all the legal documentation from the authorities, including certificate of incorporation and our own tailor-made memorandum and articles of association. If you're unsure what kind of company you would like to establish, our expert business formation consultants are available to advise. Talk to us today and let us help you get your flat management company formed, at low costs and in no time. If you need an assistance with flat management company formation, you can also speak to our flat management companies formation advisors between 9.30am-6.00pm Monday to Friday by telephoning + 44 (0) 207.935.5171 or + 44 (0) 330.808.0089 (national rates).

Flat Management Company Formation Advice, Advantages of Forming a Flat Management Company
Flat Management Company Formation With Bank Account & Company Secretarial Agents ...

Flat Management Company Incorporation

Flat management company formation: anyone who is looking to register a new flat management company in the UK can do so within a few hours using one of Ukincorp's business formation packages. The process can be completed online and your certificate of incorporation and memorandum and articles of association will be emailed out to you. If you start the process early enough in the day and Companies House is not completely swamped then a same day registration is perfectly possible.

A range of flat management company formation packages are available with additional options like extra documents, leather bound documentation or a registered office address. Please do get in touch if you would like to talk to one of our advisers about your requirements. We can register a flat management company with your own address and nominated officers, provide notarisation and apostilled documents for UK and overseas residents. If you need assistance with a flat management company formation, you can also speak to our business advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171.

How to Register a Flat Management Company? Registering a Flat Management Company With Ukincorp Is Simple & Quick Process

Register a Flat Management Company

In law, a limited company is a 'person' in its own right. This means it can own property (such as a freehold or leasehold) and enter into contracts in its own name. It exists independently and separately from the people who manage or own it. When a property is divided into a number of flats, each flat owner usually has a lease of their own flat, but they may also be a member of a management company that owns the freehold (or lease) of the entire building.

As members of the company, the flat owners have their say in running it. If the members own shares in the company, it is common practice in the company's constitution (its articles of association) that members who sell their flats must also transfer their membership to the new owners. This ensures that, at any given time, the company limited by guarantee represents the interests of all the current flat owners, and it remains a separate legal entity regardless of who holds its membership.

If your entity is a company limited by guarantee, it means that the members have agreed to contribute to the assets of the company if it is wound up.

The minimum requirements for the registration of a flat management company limited by shares:

  • A private company must have at least one director, one shareholder (or the member), and may have a secretary.
  • You need at least one person to form this type of the company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary and/or shareholder (member).
  • A company must have at least one director who is a natural person. This requirement is met if the office of the director is held by a natural person as a corporation sole or otherwise by virtue of an office.
  • You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.
  • The Companies Act imposes no restriction on the minimum age of company directors. However Companies House will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.
  • Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).
  • There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits.
  • Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national.
  • Your flats management company must have a registered office address within England or Wales or Scotland; this is the official address of your company and will be on the public record as such.
  • Your flats management company must hold its official company documents at its registered office address: its register of shareholders (or members), and its constitutional documents.
  • So long as you maintain a registered office address in England or Wales, or Scotland, you can conduct your business from any place in the world: you do not have to run your business from the registered office address.

If you prefer to order flats management company registration by phone or via e-mail, or if you would like to place an order at our office, for an initial discussion, with no obligation please call us at +44 (0) 207.935.5171, or 0330.808.0089 and benefit from our personal guidance in registering the company limited by guarantee or limited by shares. We are looking forward to serving your business needs.

Starting a New Flats Management Business: Online Flats Management Company Formation

Starting a New Flats Management Business

Many small businesses choose to use the services of flats management companies formation agents, like Ukincorp; to undertake all of necessary formalities on their behalf. Our aims are to provide you with the professional, affordable range of business support services to enable you to incorporate and run your own successful flats management business.

We offer one of the most customisable, cost-effective, and affordable properties management company set-ups for small businesses. Unlike other companies providers and companies formation agents, who hide up the front of incorporation costs, our fees are very simple. We offer a new flats management company incorporation only for £149.89 - no hidden costs, annual fees, memberships or other pricing strategies. In fact, we guarantee that our flats management business registration and management service fees are the lowest that you may find.

Starting a new flats management company under new Companies Act 2006, is not particularly complicated.

There is a still requirement that application for the flats management company registration should be submitted to the Companies House with the signed copies of the memorandum and articles of association (if company chooses to file one). There are no more requirements that application for management company registration to be signed in front of the notary public, solicitor or a commissioner of oath, but application itself is now a bit more complicated then old forms 10 and 12 used for the company formation before final implementation of Companies Act 2006.

Application for the flat management company registration must contain the following information:

  • The proposed of a company name
  • The location of the registered office address
  • The type of the company to be registered
  • The type of the model articles of association to be used (if company chooses to use the model of articles provided by the Companies House)
  • The statement of the proposed officers
  • The statement of the capital & initial shareholding (or membership) or statement of the guarantee for companies not having share capital
  • The statement of the compliance

Ukincorp can make all this process much simpler for you. When applying for online flats management company incorporation service from Ukincorp, all you need to do is to complete our online incorporation order form for the type of a company you have selected and we will take care of formalities.

When applying for a flat management company formation with Ukincorp, our clients have the option to choose from the standard memorandum and articles of association provided by us and the customised articles of association drafted by our specialists. Customised articles of association prepared by Ukincorp provides the full description of the company's proposed activity, share (or membership) capital, the location of the registered office address, rights & responsibilities' of directors and shareholders (members) and much more.

RMC Company Registration Note

Important Note:

A residents management company (RMC) protects the interests of the leaseholders. RMC's typically manage common parts of the building although they may have other responsibilities. Your property probably has parts common to all the flat owners living in it: boundaries, roofs, halls, drives and gardens being typical examples. These all require maintenance, insurance, lighting, etc. Call us to discuss your needs and see how we can help.

We can also register your flats management company using your own memorandum and articles of association. You just need to complete our online registration order form, and then e-mail us the memorandum and articles of association that you want to register your flats management company with us.

However, please make sure that your memorandum and articles of association complies with the requirements of new Companies Act 2006. If your application will be rejected by the Companies House, due to the provision of the wrong documents, Ukincorp will not be able to offer you refund for flats management companies registration process.

Incorporate a FMC Company Online: What Does a Flat Management Company Do?

Establish Flat Management Company

Flat management companies typically manage common parts of the building. They may have other responsibilities. Your property probably has parts common to all the flat owners living in it: boundaries, roofs, halls, drives and gardens being typical examples. These require maintenance, insurance, lighting, etc. The individual flat owners usually fund these costs, by making periodic contributions into a pooled fund.

Many flat management companies choose to account for these transactions within the company. If your company just pays a few bills, perhaps for repair or maintenance, then your advisor may say that these payments need not go through the company's books. Less formal arrangements, such as collecting the money through a residents association, may be satisfactory.

Flat Management Company Registration Note

Important Note:

Residents often use a limited company for collecting a central pool of cash for carrying out repairs and maintenance to common parts of the property. If a limited company used in the management of a block of flats, it is often a condition of buying a flat that the buyer becomes a member or shareholder of the company. Call us to discuss your needs and see how we can help.

The company could then continue to own the freehold (or head lease) of the property, but it would conduct all accounting transactions elsewhere - the company would then be 'dormant'.

You would still have to prepare accounts, present them to members, and submit them to Companies House and HMRC, but all that would mean is a simple balance sheet that does not have to be audited. You should seek professional advice before adopting this approach to ensure that you are complying with the legal requirements.

Do You Need a Flat Management Company? What is a Flat Management Limited Company?

In law, a limited company is a 'person' in its own right. This means it can own property (such as a freehold or leasehold) and enter into contracts in its own name. It exists independently and separately from the people who manage or own it. There are different types of limited company: "public companies", whose shares can be bought and sold by the general public, and "private companies".

It is unlikely that a public company would be suitable as a flat management company. When a property is divided into a number of flats, each flat owner usually has a lease of their own flat, but they may also be a member of a management company that owns the freehold (or lease) of the entire building.

As members of the company, the flat owners have their say in running it. If the members own shares in the company, it is common practice in the company's constitution (its "articles of association") that shareholders who sell their flats must also transfer their shares to the new owners. This ensures that, at any given time, the limited company represents the interests of all the current flat owners, and it remains a separate legal entity regardless of who holds its shares.

Some limited companies do not have shares and are instead "limited by guarantee". In England and Wales, this includes commonhold associations and the "right to manage" companies. If your company is limited by guarantee, it means that the members have agreed to contribute to the assets of the company if it is wound up. In this web-page, the term a "shareholder" and "member" means the people who own the company. Instead of having a company, you may wish to consider two other options: -

1. If your organisation does not own property but simply collects money from residents for repairs and maintenance, and pays bills when they arise, then less formal arrangements may be appropriate such as a residents association.
2. Residents could consider buying the freehold of their properties in their own names or as trustees.

If you are uncertain whether the options above are appropriate for your circumstances you may want to seek professional advice

Flat Management Company Incorporation Note

Important Note:

The RMC residents management company will have a memorandum and articles of association specially drawn up to allow the company to own, manage and administer a leasehold or freehold property, which is normally divided into several dwelling units or flats, with each leaseholder owning a share in the company. The leaseholder will be obliged to transfer the ownership of the share to the new leaseholder when disposing of the property. Call us to discuss your needs and see how we can help..

Why To Register or Incorporate a Property Management Company?

There are many reasons for forming and registering a limited company. Outlined below are a few reasons, which relate to flat management companies. This list is not exhaustive.

One reason for residents in a block of flats to have a limited company is to own the freehold or head lease. Freehold gives outright ownership of the property to the limited company. A head lease is a lease granted directly to the limited company, which turn grant subleases of the property (or parts of it) to the flat owners. For the purposes of this web-page, the difference between a company that owns a freehold and one that holds a head lease is immaterial.

However, residents often use a limited company for collecting a central pool of cash for carrying out repairs and maintenance to common parts of the property. If a limited company is used in the management of a block of flats it is often a condition of buying a flat that the buyer becomes a member or shareholder of the company. In some cases all flat owners automatically become directors.

Another reason to set up a limited company is so that leaseholders of flats can exercise their right to manage the building they live in. The right to manage must be exercised through a limited company set up for that purpose. This type of company is called a right to manage (RTM) company (please refer to the relevant section of our web-site).

A limited company would also be set-up to own and manage the common parts of a development made up of separate units under commonhold ownership. This type of company is called a commonhold association.

Incorporate a British Flat Management Company: How Does a Flat Management Company Works?

Incorporate Flat Management Company

In law, a limited company is seen as an 'individual' in its own right. This means it can own property (such as a freehold or leasehold) and enter into contracts in its own name. It exists independently and separately from the people involved. As the name suggests, many are connected to blocks of flats where an arrangement needs to be made to deal with the running, maintenance and repair of the common parts of the building.

The leaseholders of the flats are the members of the company, some will be appointed to act as directors and one will usually be the company secretary. They may appoint a managing agent to carry out the day-to-day work, or one may be specified in the leases with the freeholder.

The freeholder of the land on which the flats stand may be held by a third party, or it may be held by the management company (so that the leaseholders have the ultimate benefit of the freehold). The simplest form of flat management company is a dormant one which holds the freehold of the land for the members of the company, who are leaseholders of the flats built on that land.

This type of company can also provide a structure for the management of the common parts of private freehold estates of houses, which may include roads, communal gardens, security and other facilities. A corporate body is needed to hold land, unless there are four or fewer lessees concerned, in which case the freehold of the land could be held jointly in the lessees' own names.

However, if the freehold is held directly by the lessees jointly, then each time a flat changes hands, apart from the transfer of the lease on the flat, there would need to be a transfer of the freehold into the new set of names in the Land Registry. Getting all the necessary signatures and consents would take time and add to costs. The use of a flat management to hold the freehold avoids the problem.

A flat management company may be incorporated under the Companies Acts, either as a limited company with shares, or a company limited by guarantee. Either of these forms of incorporation provides limited liability for its members, subject to the usual caveats in the insolvency legislation about trading properly. Each also provides a corporate vehicle that can hold the freehold (or head lease) which underlies the various occupiers' leases.

It can also collect maintenance charges and any ground rents, hold a sinking fund for major repairs, arrange cleaning, decoration, security, insurance, a warden's salary for sheltered schemes and janitorial or concierge services where appropriate.

The company limited by shares was designed for profit-making enterprises, but with properly drafted articles also works well for flat management companies. When the related property interest changes hands, the leaseholders' share also has to be transferred by a stamped stock transfer form (often for a token payment with minimum (5.00) stamp duty paid) and the change recorded in the register of members. Ukincorp's articles provide a special procedure to facilitate the transfer of the relevant share if a lease has changed hands but the transfer of the share was overlooked.

The company limited by guarantee was intended to provide a form of incorporation with limited liability suitable for a group of members with a mutual interest of a not-for-profit nature. The main advantage of using a guarantee company rather than a company limited by shares is that no stamped transfer is needed on changes of members (on sale of the related lease).

The articles can simply provide for the membership of the outgoing lessee to terminate automatically when they cease to hold the lease, without the need for any document to be signed by that member giving up their membership. The new owner of the lease can then be admitted to membership in place of the outgoing member.