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All your account details in one place
A requirement of law and nearly all Leases, it is essential that Service Charge Accounts are presented to owners in a timely fashion to ensure that they are both notified of the expenditure incurred, and of any balancing payment or credit which may be required following the completion of the year in question.
Block Management UK Ltd accounts for over £6.5m in service charges per year and administers over 200 separate bank accounts on behalf of clients.
Our in-house accounts department can monitor ongoing expenditure on a daily basis and budget for expenditure based on both costs incurred in previous years and known forthcoming expenditure. A forecasted budget is then set with the client. Should costs change, we will report to the client on the impact on the budget forecast. We advise on options for future budgets in a fully transparent and adaptable fashion that allows clients to retain overall control of the process whilst reflecting the provisions of the leases/TR1s.
We also advise on payment plans, ad-hoc charges, expenditure control and invoicing.
Block Management UK Ltd work hand in glove with a number of specialist Service Charge Accountants in order to ensure that the relevant requirements are met when it comes to legalities, and to ensure the highest level of transparency of where money has been spent in each period, allowing you a detailed insight into where money has been spent, and more importantly why those funds had to be spent.
We comply with the Accounts regulations of the Royal Institution of Chartered Surveyors (RICS). Our main duties and responsibilities are: