• Menu
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Before Header

  • Home
  • What is LKP
  • Find everything …
  • Contact
Donate

Leasehold Knowledge Management Logo

Secretariat of the All Party Parliamentary Group on leasehold reform

Mobile Menu

  • Home
  • What is LKP
  • Find everything …
  • Contact
  • Advice
  • News
    • Find everything …
    • About Peverel group
    • APPG
    • ARMA
    • Bellway
    • Benjamin Mire
    • Brixton Hill Court
    • Canary Riverside
    • Charter Quay
    • Chelsea Bridge Wharf
    • Cladding scandal
    • Competition and Markets Authority / OFT
    • Commonhold
    • Communities Select Committee
    • Conveyancing Association
    • Countrywide
    • MHCLG
    • E&J Capital Partners
    • Exit fees
    • FirstPort
    • Fleecehold
    • Forfeiture
    • FPRA
    • Gleeson Homes
    • Ground rent scandal
    • Hanover
    • House managers flat
    • House of Lords
    • Housing associations
    • Informal lease extension
    • Insurance
    • IRPM
    • JB Leitch
    • Jim Fitzpatrick MP
    • John Christodoulou
    • Justin Bates
    • Justin Madders MP
    • Law Commission
    • LEASE
    • Liam Spender
    • Local authority leasehold
    • London Assembly
    • Louie Burns
    • Martin Paine
    • McCarthy and Stone
    • Moskovitz / Gurvits
    • Mulberry Mews
    • National Leasehold Campaign
    • Oakland Court
    • Park Homes
    • Parliament
    • Persimmon
    • Peverel
    • Philip Rainey QC
    • Plantation Wharf
    • Press
    • Property tribunal
    • Prostitutes
    • Quadrangle House
    • Redrow
    • Retirement
    • Richard Davidoff
    • RICS
    • Right To Manage Federation
    • Roger Southam
    • Rooftop development
    • RTM
    • Sean Powell
    • SFO
    • Shared ownership
    • Sinclair Gardens Investments
    • Sir Ed Davey
    • Sir Peter Bottomley
    • St George’s Wharf
    • Subletting
    • Taylor Wimpey
    • Tchenguiz
    • Warwick Estates
    • West India Quay
    • William Waldorf Astor
    • Windrush Court
  • Parliament
  • Accreditation
  • [Custom]
Menu
  • Advice
  • News
      • Find everything …
      • About Peverel group
      • APPG
      • ARMA
      • Bellway
      • Benjamin Mire
      • Brixton Hill Court
      • Canary Riverside
      • Charter Quay
      • Chelsea Bridge Wharf
      • Cladding scandal
      • Competition and Markets Authority / OFT
      • Commonhold
      • Communities Select Committee
      • Conveyancing Association
      • Countrywide
      • MHCLG
      • E&J Capital Partners
      • Exit fees
      • FirstPort
      • Fleecehold
      • Forfeiture
      • FPRA
      • Gleeson Homes
      • Ground rent scandal
      • Hanover
      • House managers flat
      • House of Lords
      • Housing associations
      • Informal lease extension
      • Insurance
      • IRPM
      • JB Leitch
      • Jim Fitzpatrick MP
      • John Christodoulou
      • Justin Bates
      • Justin Madders MP
      • Law Commission
      • LEASE
      • Liam Spender
      • Local authority leasehold
      • London Assembly
      • Louie Burns
      • Martin Paine
      • McCarthy and Stone
      • Moskovitz / Gurvits
      • Mulberry Mews
      • National Leasehold Campaign
      • Oakland Court
      • Park Homes
      • Parliament
      • Persimmon
      • Peverel
      • Philip Rainey QC
      • Plantation Wharf
      • Press
      • Property tribunal
      • Prostitutes
      • Quadrangle House
      • Redrow
      • Retirement
      • Richard Davidoff
      • RICS
      • Right To Manage Federation
      • Roger Southam
      • Rooftop development
      • RTM
      • Sean Powell
      • SFO
      • Shared ownership
      • Sinclair Gardens Investments
      • Sir Ed Davey
      • Sir Peter Bottomley
      • St George’s Wharf
      • Subletting
      • Taylor Wimpey
      • Tchenguiz
      • Warwick Estates
      • West India Quay
      • William Waldorf Astor
      • Windrush Court
  • Parliament
  • Accreditation
You are here: Home / Latest News / You could not make it up: Estates and Management faces strike-off over late accounts!

You could not make it up: Estates and Management faces strike-off over late accounts!

March 6, 2023 //  by Sebastian O'Kelly//  10 Comments

Here is news that will cheer up all leaseholders faced with threatening letters about late ground rent payments or service charges: Estates and Management is facing strike off from Companies House for late accounts.

Estates and Management Ltd (co number: 03244100) is part of the Consensus Business Group and manages the portfolio that still belongs, ultimately, to Vincent Tchenguiz’s Tchenguiz Family Trust in the British Virgin Islands.

It also manages the estate administration – read: revenue streams – for a number of other clients.

So if you pay ground rent, want to sub-let your flat, change your bathroom or keep a cat, the chances are you will be dealing with Estates and Management who will be after a payment.

To be late with accounts is not the most serious offence in the world, but it has a rich irony in a sector that monetises so ruthlessly the late payments of leaseholders.

It is also ironical that this has happened while commercialising freeholders are trying to persuade government of the necessity of professional landlords to leave the leasehold sector unreformed.

One leaseholder has contacted LKP to say that he is withholding his ground rents “until a clear public statement is available as to the financial state of the company no payments whatsoever will be forthcoming from my bank account”.

This is not an advisable course to follow, however, as an expensive letter from JB Leitch or some other debt collector will follow as swiftly as a rain cloud.

This particular leaseholder has form in confrontations with Estates & Management Ltd as he resisted “bully boy tactics from JB Leitch Solicitors on behalf of E&M and they finally caved in and agreed the correct amount due!”

Regarding late accounts, it has to be conceded that although LKP has not been late with accounts to Companies House, it has filed its accounts late to the Charity Commission, as an additional written annual report (2pp in our case) is required.

Related posts:

JB LeitchBlunder forces Pier Management and debt collector JB Leitch to scrap £3,265 late ground rent bill (and forfeiture threat that accompanied it) Countryside Properties plcCMA forces Countryside Properties plc to strike out doubling ground rents: it was selling them as late as May 2017! St David's SquareFirstPort jacks up accounting fees at St David’s Square by 80% … and then bodges accounts, leaving leaseholders overcharged by more than £17,500 Imperial Hall beats off £12,366 claim from Sterling Estates Management Daily Mail reports E&J Estates and wine-growing freeholder James Tuttiett

Category: Latest News, News, TchenguizTag: Estates and Management, JB Leitch, Vincent Tchenguiz

Latest Tweets

Tweets by @LKPleasehold

Mentions

Anthony Essien (34) APPG (37) ARMA (87) Bellway (30) Benjamin Mire (32) Cladding scandal (71) Clive Betts MP (31) CMA (45) Commonhold (52) Competition and Markets Authority (41) Countryside Properties plc (33) FirstPort (42) Grenfell cladding (56) Ground rents (54) Harry Scoffin (150) James Brokenshire MP (31) Jim Fitzpatrick (35) Jim Fitzpatrick MP (30) Justin Bates (40) Justin Madders MP (67) Katie Kendrick (37) Law Commission (60) LEASE (66) Leasehold Advisory Service (62) Leasehold houses (32) Long Harbour (48) Martin Boyd (80) McCarthy and Stone (39) National Leasehold Campaign (38) Persimmon (49) Peverel (61) Property tribunal (49) Redrow (30) Retirement (37) Robert Jenrick (33) Roger Southam (47) Sajid Javid (38) Sebastian O’Kelly (55) Sir Peter Bottomley (201) Taylor Wimpey (106) Tchenguiz (33) The Guardian (33) The Times (31) Vincent Tchenguiz (43) Waking watch contracts (40)
Previous Post: «Lee Rowley Dismal picture of leasehold emerges from MPs’ debate. But no government commitment on reforms
Next Post: Property rip-off ‘Whack-a-mole’: Now it’s your chance to tell CMA about fleecehold »

Reader Interactions

Comments

  1. Stephen Burns

    March 6, 2023 at 11:37 pm

    Dear Mr O’Kelly,

    You could not make it up – the below was published on the “Trustpilot” web platform yesterday, I hope that It may be of some interest to LKP and the contributors to this reputable publication.

    “I am about to launch two legal claims against FP. I am a barrister and a television news journalist. One is for negligence. The other is fraud. Please contact me on giles_walker@btinternet.com – if you are suffering serious problems with this scum, I might be able to assist. Because FP are a cancer”

    I have briefly had a look at Mr. Walkers online credentials, quite impressive.

    Reply
    • Sebastian O'Kelly

      March 7, 2023 at 9:20 am

      I will check it out. Unusual public language for a barrister.

      Reply
    • martin

      March 7, 2023 at 1:14 pm

      I would caution against thinking that any fraud case is likely to succeed as a criminal action. Over they years we have seen many managing agents, landlords and even some leaseholders do things which the courts should have acted on but sadly it does not happen very often

      Even the OFT/CMA prosecution of Peverel/First Port where the evidence was clear the case was watered down (unbeknown to all of us involved on the leaseholders side) to an action based on them deciding not to prosecute anyone other than the small subcontractors. The SFO and NCA and City of London police their record in the leasehold world is dire.

      As mentioned Seb will contact Mr Walker to understand what actions he plans to take.

      Reply
  2. David McArthur

    March 7, 2023 at 11:39 am

    Not only do freeholders impose penalties for late payment of ground rent their insistence on payment by cheque or postal order is a way of making late payment more likely. In this day and age “faster payments” is the norm and acceptable to everyone, but not by my freeholder Shenstone Properties.

    Reply
  3. Martin

    March 9, 2023 at 6:56 am

    Accounts are now filed and include some interesting notes

    “The leasehold reforms could potentially lead to a loss of business and adversely affect the company’s ability to recover amounts due from its parent company. However, the financial
    consequences of any changes are too uncertain to enable the directors to reasonably estimate the impact of such changes on their forecasts. The accounts have been prepared on the assumption that any legislative changes will not materially reduce the ability of the related parties to repay these balances”

    It also argues that leasehold reforms to help consumers will somehow be something that will work against their interests – and those of the ground rent investors

    “The directors are of the view that the proposed changes, fi introduced in total, would be very damaging to the residential property market and against the interests of consumers and other property owners. The directors have engaged, and continue to engage, actively in consultations with Government, other stakeholders and interested parties in order to convey the company’s opposition to the current proposals. Public announcements by government and in the Law Commission’s report have recognised that any proposals to make wholesale reforms retrospectively pose real problems with respect to the contravention of human rights legislation.“

    The impact of the 2022 legislation is also mentioned

    “Parliament has enacted legislation, the Leasehold Reform (Ground Rent) Act 2022, which prevents the inclusion of a ground rent in excess of a peppercorn on new residential long l e a s e s .The Act received Royal Assent after the Balance Sheet date on 8 February 2022. The Act came into force on 30 June 2022 for leases on non-retirement properties and it will come into effect on 1 April 2023 for leases on retirement properties. The legislation does not apply retrospectively although ti does create restrictions on the ability of the group to generate rental income beyond the existing term of current leases as it impairs the ability of the freeholder and leaseholder to agree for the continuation of ground rent in the extension period when extending the lease beyond the current lease term“

    Reply
    • David

      March 9, 2023 at 3:40 pm

      It seems that Estates and Management have some integrity, they are not just concerned about themselves and their industry, they are also concerned about the consumer. LKP are always bad mouthing the likes of E & M, I think it appropriate that LKP balance things a little by highlighting this.
      Excuse me I have to take my medication.

      Reply
      • martin

        March 9, 2023 at 7:52 pm

        David as I’m sure you know the day that Estates and Management have an interest in anything beyond their own profit line you may see a blue moon and unicorns.

        Reply
  4. Stephen Burns

    March 10, 2023 at 12:25 am

    David,

    The Freeholder could not care less about Leaseholder other than we are their primary source of income, “loads of money.” Without the vast income streams they derive from Leaseholders (one way or another) they may well go Bankrupt. Any other notion of this concept is factually incorrect and is proven by all that goes before.

    The Freeholders who possibly (big players only) only number a handful are terrified that the “end of the gravy boat coming to an end, and that they may have to move on and get a job and earn their crust like any one else in business” including working in a regulated industry sector where you must abide by the law of the land.

    I declare that I am a Director of a successful established RTM Company, David, what is your business relationship with E&M, and did you take your medication on time?

    The contravention of human rights will be a fascinating potential Legal argument, In the blue corner Four Million Leaseholders, and in the red corner, a dozen allegedly professional Freeholders, lets await the outcome of another possible frivolous legal challenge.

    Reply
    • David

      March 10, 2023 at 8:31 am

      Stephen,
      Yes I took my meds and am feeling a lot better now. Relationship with E & M? I had occasion to communicate with these people regarding purchase of freehold, a freehold which my solicitor assured me had no value – all the value was in the head lease. She anticipated me paying E & M’s expenses (for ownership of freehold) , nothing more. E & M wanted thousands, I can’t recall the exact amount, I ended my attempt to fully own my property – both head lease and freehold.
      Human rights? The Law Commission highlighted the human rights of freeholders, I am not aware of them being concerned about the human rights of millions of abused and exploited leaseholders. There lies the problem, the entire system is loaded against leaseholders, the battle to ABOLISH leasehold will continue to be opposed by a vast array of professionals and politicians.

      Reply
    • Diana

      March 10, 2023 at 9:16 am

      If you want to look at contravention of human rights, look at “unqualified leaseholders “ 😡

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Above Footer

Advising leaseholders. Avoiding disasters.
Stopping forfeiture. Exposing abuses. Urging reform.

We depend on individuals for the majority of our funding.

Support Us and Donate

LKP Managing Agents

Become an LKP Managing Agent

Common Ground
Adam Church
Blocnet property management2

Stay in Touch

To achieve victory in the leasehold game where you are playing against professionals and with rules that they know all too well - stay informed with the LKP newsletter.
Sign Up for Newsletter

Professional Directory

The following advertisements are from firms that seek business from leaseholders.
Click on the logos for company profiles.

Footer

About LKP

  • What is LKP
  • Privacy and data

Categories

  • News
  • Cladding scandal
  • Commonhold
  • Law Commission
  • Fleecehold
  • Parliament
  • Press
  • APPG

Contact

Leasehold Knowledge Partnership
Open Data Institute
5th Floor
Kings Place
London N1 9AG

sok@leaseholdknowledge.com

Copyright © 2023 Leasehold Knowledge Partnership | All rights reserved
Leasehold Knowledge Partnership Limited (company number: 08999652) is a company limited by guarantee that is a registered charity (number: 1162584) with the Charities Commission.
LKP website is hosted at www.34sp.com
Website by Callia Web