Hierarchy of the SRA Ltd

A summary of the roles and responsibilities of the people who have been either elected or employed on behalf of the Residents to look after their interests. 

Role

Definition and description

Official Officers of the Company The Directors

A company needs directors to act and make decisions on its behalf. Directors are responsible for making sure that legal rules governing the company as laid out in the Memorandum of Association and the Lease are complied with.

Full details of these including the company secretary can be found here https://beta.companieshouse.gov.uk/company/02414835/officers

   
  Company Secretary

The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented. Despite the name, the role is not clerical or secretarial.

   
Employee's of the Company The Managing Agent

The managing agent makes sure that the Landlordís responsibilities, as set out in the long leases, are undertaken correctly and fully. They set up all the maintenance contracts for the common parts, the cleaning, maintenance of the lifts, the communal electricity, lighting and so on, in order that the building is kept clean, functions correctly and is properly maintained.

   
  Accountant

It is the responsibility of the accountant to verify the accuracy of all money transactions and to make sure that all these transactions are legal and follow current guidelines.

Note:  Questions have had to be asked when money has gone missing from the Sycamores account and no satisfactory answer was given - not a good recommendation for an accountant.

   
  Solicitor

The responsibilities of a solicitor generally include: Advising clients on legal matters relevant to their cases. Taking instructions from clients.

   
Elected Bodies The Committee

The committee are elected at the AGM and is currently made up of the Director (who also holds the position of Treasurer and Chairperson), the Company Secretary, and 2 other members from the estate community.

Note: as of January 27, 2020 there are no elected members on the committee, it now consists of directors appointed by 'themselves', this means they are a law unto themselves and are answerable to no one!

Update 23/6/2020:

It has been announced today that the Company Secretary and one of the recently appointed Directors has resigned from the committee, and a new committee member has been appointed by the Directors.  Normally all members of the committee would be 'elected' by the Residents at the next AGM and not the Directors

Followup Note: After the resignations there was a shortfall in committee members i.e. the minimum number of committee members needed to meet Quoram status, who must be present at any of its meetings to make the proceedings of that meeting valid, which explains why a temporary committee member was appointed. Click here to view the announcement letter.

Update : During the committee meeting held on Aug 4, 2020 a further change took place regarding the committee - Mrs J Lowes had a change of heart and has now been re-appointed as a member of the committee.  See the notice within on page 2 of the minutes here.

   
  The Directors and Company Secretary

These are elected by the committee only, the residents do not have any say as to who holds these positions, and are unable to remove them from these positions. 

 

January 8, 2021

Copyright  L Sherwood,  All Rights Reserved, 2017-2020