Dudley Joiner’s Team Property Management went bust owing £635,958.61, according to the liquidator’s report (below).
His company the Right To Manage Federation Limited, which is not a federation but a private facilitator of right to manage applications, is still trading.
He informed told LKP in 2015 that being disqualified as a company director for seven years has “no relevance to my current activity”.
The ban was imposed between 1993 and 2000 in the Chancery Division of the High Court following an action by the Secretary of State for Trade and Industry.
In the ruling, Judge Edward Evans-Lombe described Mr Joiner as “markedly cavalier” with other people’s money.
In October 2017, Sir Peter Bottomley named Mr Joiner in the House of Commons and on the same occasion invited Roger Southam, the former chairman of the Leasehold Advisory Service to retire (which he did).
And RTMF here https://www.leaseholdknowledge.com/tag/right-to-manage-federation/
What’s happening to leaseholders funds banked with RTMF? It’s a question I shouldn’t need to ask. Service charge funds are still not covered in the same way as tenancy deposits. Why? Section 156 of CLARA would have at least ensured that the funds were kept in a separate dedicated account for each block. Now I see that leaseholders are being asked to fulfil certain conditions by RTMF before their service charges are refunded. Service charges are required to be held in trust not mistrust; they should be legally protected like tenancy deposits.
I wouldn’t worry about ringfencing these funds, The managing agent and freeholder have been stealing these monies for decades, with inflated bills and other shenanegans. It’s not a market economy in leasehold.
Just recently I noted Phipps & Pritchard resurfacing a car park that is as good as new and Pennycuick Collins charging for work they never carried out. One day these firms will be crushed and the employees can face court action.