Columbus Point (Management Company) Limited (CPMCL)
CPMCL is private company, limited by guarantee, with no share capital. It was set up by the original developer in 2001 to oversee the management of the water feature and to collect payments from property owners. All relevant local property owners are members of CPMCL by virtue of their covenant or property deeds. CPMCL Articles of Association...
CPMCL should have been handed over to the property owners' control when the last property on the development was sold; for various reason this did not happen and it remained in the hands of the developer until 2015.CPMCL and the Water Feature Handed Over to Residents
It was in March 2015 that CPMCL, and thus the management of the water feature, was transferred to the local property owners. At the same time the freehold of the feature was transferred to CPMCL.
Four local property owners who liaised with the developer as we moved towards the handover of the water feature to residents' control, acted as interim directors designate (IDDs) of CPMCL until June 2105 when the first CPMCL AGM was held.
Full directors needed to be appointed by a CPMCL AGM within six months of the March 2015 handover. The first AGM took place on 26 June 2015 when the following local property owners and CPMCL Members were elected as directors: Christine Allan, Sandra Cheesman, Bruno Di Lieto and Richard Moakes. In February 2016, Sylvia Stephens was appointed as an additional director. At the second AGM held in July 2016, Richard Moakes resigned, Peter Burgess was voted on to the board and the other directors had their appointments ratified. In October 2016 Peter Burgess resigned. Sylvia Stephens resigned in May 2017.
Further Directors Required - CPMCL members are urged to consider volunteering to join the board of directors.
The CPMCL Memorandum and Articles of Association allow for seven member directors; there are currently just three (Sandra Cheesman, Christine Allan and Bruno Di Lieto).
Members often have interesting thoughts about how the company and the Water Feature should be managed. If you would like to take a more active role in the company’s activities, please volunteer to become a director to learn more about the management of the feature, to help with the workload, and, most importantly, to ensure that there will be a sufficient number of experienced directors for the future. For more information, contact any one of the directors or email: email@example.com
Before the handover to residents' control, the then directors of CPMCL appointed the company Fell Reynolds as managing agents for the feature. Fell Reynolds' role is to oversee the feature's maintenance, and to invoice and collect the monies from the local property owners for the feature's upkeep. This arrangement will stay in place, and in addition, Fell Reynolds will act as the CPMCL Company Secretariat.