Financial administrative services to balance your books. 

 

Managing a residential development, building or apartment block requires sound financial management to keep up to date with maintenance and compliance. Managed well, this will ensure that all leaseholders receive the services they need to enjoy their living environment, whilst also maximising your investments.

 

Homestead is at the forefront of residential property financial management and meeting the requisite legal frameworks for compliance.  From routine preparation of budgets and service charges, through to more complex tasks such as accounts for examination by an independent accountant, our highly skilled team does all the paperwork for you.

Our financial reporting gives you greater cost control.  We will provide you with detailed, ongoing breakdowns of service charges, expenditure, maintenance and repair costs.  We will ensure that robust, commercially sensitive, completely transparent and practical mechanisms are put in place according to the terms of the building lease and the demands of the Commonhold and Leasehold Act 2002.

“With Homestead, it’s about doing the ‘right’ thing, staying within the guidelines and looking after the needs of clients and tenants. I’m confident in the knowledge that I’m in safe hands.”

Terry Hall, Carwood Design Print Ltd, Bootle

 

 

 

Key financial administration tasks undertaken by the Homestead team include:

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Provision of periodic budget reports of income, expenditure and cash flow.

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Regular billing and collection of service charges and management fees.

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Service charge recovery and arrears collection.

 

 

 

 

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Setting up and overseeing client bank accounts.

 

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Invoice management, payment to contractors and bank account reconciliation.

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Block insurance cover and advice.

 

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Preparation of annual budgets and year-end accounts for service charges.

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Reserve fund planning for future repairs and maintenance.

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Advice in relation to the Companies Act and Companies House.

For further information about our financial services support for residential block management, call us now on 01253 640 040.

HOMESTEAD CONSULTANCY SERVICES LIMITED

Company number 01302831

 Directors

J D Bentham FIRPM, Assoc RICS

H T Heywood BA (Hons) ACIS

S Jagger

HOMESTEAD CONSULTANCY SERVICES (CYMRU) LIMITED

Company number 11023357

 Directors

J D Bentham FIRPM, Assoc RICS

S Jagger

HOMESTEAD CONSULTANCY SERVICES LIMITED

Company number 01302831

Directors

J D Bentham FIRPM, Assoc RICS

H T Heywood BA (Hons) ACIS

S Jagger

 

HOMESTEAD CONSULTANCY SERVICES (CYMRU) LIMITED

Company number 11023357

Directors

J D Bentham FIRPM, Assoc RICS

S Jagger

Homestead Consultancy Services Ltd.

29 St. Annes Road West,

Lytham St. Annes, FY8 1SB

T: 01253 640040

E: enquiries@homesteadcsl.co.uk