1. Sceptre Park Right to Manage Companies - Annual General Meeting
Commercial business
Freeholder of the site
Receives ground rents
Negotiates lease extensions
Abacona Investments Limited
Volunteers, non-profit
Controls service charge instead of the freeholder
Manages and controls services received by the park (e.g. Lifts, gardens, general maintenance, building insurance, etc)
Right To Manage Companies
Works for RTM Co’s to collect service charge, maintain accounts and organise some services. Emergency point of contact if reps are unavailable.
Also collects ground rent for Abacona Investments and is a point of contact for them.
Pennycuick & Collins
Volunteers, non-profit
Point of contact for individual residents to flag issues and areas of concerns
1 represenative for each court. Provides input into activities of the RTM Co’s
Manages separate small budget for minor/cosmetic improvements to the park
Residents Association
The RTM Directors
Wendy Ankrett, Pauline Carter, David James, Joel Griffin, Nicola Griffin, Stuart Haines and Mark Matthews

2. https://sites.google.com/site/sceptreparksolihull
Report to residents
2017 Accounts highlights
Service Charge of £1,102 per apartment
2016: £1,123
2015: £1,244
2014: £1,286
New insurer (Liverpool Victoria)
Security gates (Amethyst & Sapphire)
Security cameras installed (Emerald & Garnet)
Major works
Fire balcony drainage and repairs - £41k
Main roof repairs (Emerald, Sapphire & Garnet) - £27k
Repointing – £5k
Garage roof renewal (Emerald) - £22.6k
Major works fund now fully depleted
2017: £1.4k
2016: £78.6k
2015: £72.9k
2018 Update
We hope that the roof issues are now resolved!
New booklet drafted
Change of manager at Pennycuick & Collins
Work in progress
Balconies formal tender process to now commence
We’ll then be able to confirm actual costs and get resident views as part of the consultation
Fire risk assessment recommended actions
Longer term concerns
Parking – No easy solutions!
RTM director / court rep volunteers