If Chris Owens is sitting comfortably, let About Peverel shed more light on a situation he is still at a "loss" over. You have the documents Chris, so you should be able to understand. About Peverel will attempt to make it as simple as possible.
A new management company took over the development in question after Peverel/Firstport lost in court against the leaseholders. The action against the leaseholders was instigated by the freeholders. The court action proved that the freeholders were not in fact the freeholders (as Peverel/Firstport must have known) therefore the leaseholders were held not to be liable, and in one case £12,015.85 that included legal costs were ordered to be deducted from the leaseholder's account. In a separate case a further £8,061,90 was ruled to be uncollectable by Peverel/Firstport. In addition there was a claimed £7000 arrears Are you with us so far Chris?
Now leaving aside the incoming company being less than impressed with the accounts presented (which were over the three month legal time frame), it was noticed that despite a clear court judgement, Peverel/Firstport have treated the £12,015.85 and the £8,061,90 as leaseholder debts and passed them on to the new managing agents to collect. Combining the other £7,000 of debt with the other figures shows clearly that the reserve fund that has been passed on is £27,000 short.
About Peverel trust that explains matter further, so that you are no longer at a "loss"
And please don't forget, Chris, you may be very experienced in dealing with leaseholders with contempt, but a contempt of court is in a different league.
PAY UP!
