Flat Management Companies

Our Flat Management Company formation service is temporarily unavailable. Please check back here for any further updates. Thank you for your interest in our Flat Management Company formation services.

The following service is currently unavailable:
SFS do not form Flat Management Companies but we are happy to provide the following information.

How much does it cost to form a Flat Management Company?

How does a Flat Management Company work?

Why have a Flat Management Company?

The constitution of a Flat Management Company

Transfer of shares - change of ownership


How much does it cost to form a Flat Management Company?

What should be included
Flat Management
Company
Free name check and advice on your chosen name
Included
Same day company formation - usually within 8 hours
Included
Certificate of Incorporation - Laminated original copy
Included
Memorandum and Articles Of Association - Professionally prepared
3 copies
(One bound)
Combined Company Register for recording company officers and shareholders
Bound

Share certificates

As required

Share Transfer Forms

Included

First Minutes of the Board

Included

Companies House forms as required

Included

Share capital based on number of units in premises

Included
FREE Business Helpline for 3 months
Included

Delivery within the UK - first class

Included
Total Cost including VAT
Fees Vary

How does a Flat Management company work?

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.

Why have a Flat Management Company?

Flat Management companies are companies used to manage the whole of or parts of a site or building on behalf of its owners. When there are multiple tenants, Flat Management companies are normally used to protect the interests of the leaseholders.

In shared properties there are often a number of areas that are common and used by all flat/unit residents. For example, communal halls, access areas and gardens. By having a Flat Management Company you can establish a system for collecting pooled funds in order to maintain and repair any common areas.

If the company will not own the freehold for the entire property then it may not be appropriate to have a Flat Management Company. A residents association may be more suitable.

The constitution of a Flat Management Company

A Flat Management Company has its Memorandum and Articles of Association specially drawn up to allow the company to own, manage and administer the property, which is normally divided into several dwellings, units or flats. When a property is divided into a number of flats, each flat owner has a lease of their own flat but they may also hold shares in a management company that owns the freehold (or lease) of the entire building.

Transfer of Shares - change of ownership

As shareholders, the flat owners have their say in running the limited company. Normally, the company's constitution will say 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. However, it remains a separate legal entity regardless of who holds its shares from time to time.

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