The last annual meeting took place on 26th April 2023 chaired by somebody from DJC Management Ltd, now known as FirstPort Property Services No.10 Ltd. It was attended by about thirty-five owners at Little Meadow who voted to appoint the six current directors, all of whom are themselves owners.
FirstPort’s services (if they could be called that) were subsequently terminated and a new managing agent was appointed.
We are appalled that FirstPort have so far failed to provide us with any meaningful financial information for the financial year ended 30th September 2023 nor for any preceding year, which they are contractually obliged to do. This financial information would enable us to see how FirstPort was spending our money and maybe more importantly we would be able to establish how much of our money they are still holding – money they should have paid over to LMC long before now.
The directors are considering what course of action might be appropriate to persuade FirstPort to honour its contractual obligations and meantime we will be filing statutory accounts to 30th September 2023 for LMC as a dormant company in accordance with the professional advice we have received. If we did not do so by 30th June 2024, LMC would run the risk of being struck off the Companies Register.
In the absence of any financial information it’s unlikely that a meeting would serve any useful purpose beyond a general discussion and so the directors think that it would be best to delay fixing one until later in the year. We have early December in mind, which would mean that we will have all the current year’s figures to hand even if FirstPort still hasn’t provided them for the preceding years.
Owners/members are entitled to call for an earlier meeting if they wish to have one; however, the directors are always available to answer any questions should they arise and to receive suggestions, so please just get in touch.