Completed the RTM process to ensure the customers had the legal power to change spending and accounting decisions

Service charge review over all types of expenditure - to find out exactly where money was being badly spent; Arranged new suppliers where we felt was overcharged and stopped spending on areas we thought were unnecessary;

Created a new accounting system, to deliver regular accounts and deliver these directly to the customers - ensuring they understood where the money was being spent

As managing agents, Red Rock was instructed by the residents Management Company to manage the block and assist with the catalogue of outstanding issues from the previous agent and the ongoing management of the building.

Red Rock made numerous savings on Service Charges in comparison to the previous agent which allowed further monies to be collected to the Reserve Fund.

Working with the resident directors, Red Rock agreed a specification for the decoration and this was carried out speedily and at an extremely reasonable cost, by liaising with many local contractors in the area that Red Rock had already built a rapport with working at other buildings in the vicinity.

The lighting was also changed to LED for a low cost, making a saving on the electricity consumption for the block year upon year, ultimately making a saving within the annual Service Charges.

Red Rock was instructed by the Residents Management Company to manage and oversee the cyclical external decoration work.

Red Rock administered the Section 20 as part of their management fee (at no extra cost) and secured a contract with a local company, saving around £200,000 in comparison to the most expensive quotation issued in the Statement of Estimates.

Since management, Red Rock had been continuing to build a healthy Reserve Fund which meant that none of the Leaseholders had anything extra to pay for the major work to be carried out.