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Do you own a property and need a suitable vehicle to manage and control it? A UK property management company will meet your needs!

Welcome to Coddan, UK limited companies incorporation agent. Our company offers companies formation services in England, Wales, Scotland and Northern Ireland for clients from all over the world.

Why should you bother with registering a company? Leave this complicated process to the professionals! We are pleased to provide you with information, guidance, and advice about setting-up a small business in the UK. Do you want to incorporate your business in Edinburgh, London, or Liverpool? Are you looking for information and guidance regarding limited company registration and small business start-up?

We will give you any assistance or advice related to limited company registration matters from the moment you choose to move forward with us, and for as long after incorporation as you may require. We provide one of the highest-rated companies incorporation services to our clients around the world, particularly for UK residents. Our expertise ranges from local to international affairs, thus giving our clients an edge over others in accessing the international market.
Important Note:

Our electronic customised company registration service offers a fast, simple, economic incorporation service. All that you need to do to start-up your business is to complete our online order form, Coddan will take care of the rest. Your documents will be promptly filed electronically with Companies House and we will send you your Memorandum and Articles by e-mail as a PDF file. Incorporation will usually be completed within 24 hours and your Certificate of Incorporation will also be e-mailed to you as a PDF file. If you have an account with us, your order will be processed immediately, otherwise orders will not be processed until we receive payment.

We provide clients with our full expert assistance throughout every step of the formation process; however, our service does not stop there. For more information about the flat management company incorporation service available from Coddan, please visit the property management company registration section of our main website.
British Companies Formation
A company set up under the UK Companies Act to operate for the benefit of residents or tenants rather than being run as a business for profit is generally known as a "flat management" or "property management" company. Many types of multi-occupancy development, but particularly residential ones, need such a company and they account for a large number of the companies on the register at Companies House. UK property management company formation and flat management company registration for the formation of a limited company has never been easier. We offer company registration with a full set of limited company documents for as little as £42.00.

A flat management company usually has special Memorandum and Articles of Association drawn-up to allow it to own, manage, and administer a freehold property, which is normally divided into several dwelling units or flats, with each leaseholder owning a share in the company. This type of vehicle can take the shape of a company with limited liability company status or a company limited by guarantee. We have a wealth of experience in both forming and structuring flat management companies and can advise you on whether this type of vehicle is suitable for your needs.

If you are interested in learning more about the property management companies incorporation service, please feel free to visit the flat (property) company formations section of our main website.
Flat management companies are companies used to manage the whole of, or parts of, a site or building on behalf of its owners. What is 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 involved. When a property is divided into a number of flats, each flat owner usually has a lease on their own flat, but they may also hold shares in a management company that owns the freehold (or lease) of the entire building.

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.

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 flat management companies 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. 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.

If you are looking for more information about the benefits of starting-up a flat management company in the UK, please feel free to visit incorporate a UK flat management company.
A company set up under the Companies Act to operate for the benefit of residents or tenants rather than being run as a business for profit is generally known as a flat management or property management company.

Why have a property 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.

Registration of a flat management company. a UK 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.

Service charge funds and sinking funds. many tenants and owners of properties in the UK make contributions to management companies and various service charge funds or sinking funds. These funds pay for a variety of services and sometimes accumulate money for future repairs. Typically, residents of a block of flats will all pay a set amount each year into a fund; that fund will either pay for joint day-to-day running costs of the block, such as cleaners and minor repairs, or funds will be put aside to pay for future major expenditure such as a roof repair.

Flat management companies – funds created. typically, there are two main types of fund to which Section 42 LTA 1987 applies. Sinking funds involve the long-term setting aside of funds for major repairs and renewals. Over a period, the fund can grow to a significant size and generate substantial investment income. Service charge funds are funds where the intention is to cover only the routine day-to-day costs of maintaining the communal areas and paying for minor repairs and decorations. The service charges are reviewed annually and set at a level to balance the actual expenditure and leave a “no surplus-no deficit” situation at the end of each year.

So, if you are thinking about starting your own property management company in the UK, and are looking for more information, the how to incorporate a property management company in the UK section will help you to find out more.