The company is responsible for the overall management and upkeep of the building as stipulated within the lease. PPMMCL owns the freehold to the property and when you purchase a flat within the mansions you are issued with one share certificate. As a shareholder you are entitled to attend and vote at the Annual General Meeting and receive regular bulletins regarding the management of the building.
PPMMCL has been since November 2004 operating a self management model, which has comprised a number of sub groups undertaking key areas of work on a voluntary basis e.g. company secretary, finance and debt management, repairs and renewals and employee support. The purpose of the self-management arrangement is to reduce administration costs and to ensure that shareholders get best value for their service charge. New shareholders are welcome to join the board.
Princes Park Management Company Ltd is registered in England and Wales, Company number: 1768248Back To Top
The management company's key responsibilities are to ensure:
Visit our Contact Us page for ways to contact PPMMCL.Back To Top
Service charge payments are a condition of the lease and a must be paid to PPMMCL. Non-payment of service charge can result in forfeiture of your lease and PPMMCL can take ownership of you property. Service charge payments ensure that the company can provide an onsite caretaker service, building insurance, communal lighting and cleaning, grounds maintenance and undertake essential repairs and renewals programme which will contribute to enhancing the value of your property. Service charge levels are set each year by the board of management and approved by shareholders at the AGM.
Service charge rates for the year 2014/15 are as follows:
Payments can be made by cheque to:
Princes Park Mansions Company Ltd
c/o Blundellsands Properties Ltd
Alternatively, payments can be made by standing order - bank details are avaialabe to residents on request.
Note: Half year payments fall due on December 1st and June 1st and payment must be made with 14 days of these due dates or payments will be calculated as if payment was being on a monthly basis. Service charge arrears are subject to 12% interest fee, which will be added to your statement. Non-payment of service charge will result in legal action.Back To Top
See the Regulations page.Back To Top