A study of leasehold right to manage companies reveals that there have been only 4,365 right to manage companies formed since 2003.
Paul Walentowicz, senior lecturer in housing at the Anglia Ruskin University in Chelmsford, used a freedom of information request to obtain from Companies House the number of companies with ‘right to manage’ or RTM in their title.
“I think it is a pretty accurate indicator because right to manage companies are encouraged to use the term in the name of their new company,” says Walentowicz.
ARMA points out that the regulations insist ‘right to manage’ or RTM are used, and believes the figure to be an accurate representation of RTM companies in England and Wales.
The figures unearth by Walentowicz are below.
Number of Companies Incorporated in England and Wales with ‘ RTM ‘ or ‘Right to Manage’ in their Company Name:
- 2003 89
- 2004 396
- 2005 289
- 2006 324
- 2007 312
- 2008 428
- 2009 603
- 2010 646
- 2011 725
- 2012 553
- Total 4,365
Source: Companies House, December 2012