The agent is basically just a private maintenance company, and are appointed by you the members to do much of the work of running the company for you. They should be courteous in responding to you, but just keep in-mind they will be charging the OMC a fee to do their work on the basis that they don’t have to interact with each and every member individually. So in my experience they will respond to one or two questions, but if it goes much beyond that they’ll probably refer you to the Directors.That's good to know. Are the agents bound to answer or they can also ignore you?
There aren’t any rules for all this really, so it completely depends on the agent and Directors, how many problematic members they’ve encountered etc.OK, now I'm confused
Threadser said that Directors don't answer questions but rely on agents while you seem to think the opposite.
It means they have 138,429 in the bank but have bills outstanding which are due of 84,194. The Net current assets is the second subtracted from the first. As the last figure is the same as current assets then it appears that they don't have a sinking fund as that should appear under capital reserves and funds and be added under the Capital and reserves heading I believe.Current assets 138,419
Creditors: amounts falling due within one year (84,194)
Net current assets 54,225
Capital and reserves 54,225
No surprise if there is no sinking fund. Huge amount of OMCS reduced these to cut down the bills over the years or had credit control issues and did not allow for them and the ramifications of doing this are only coming to light now.ok thanks, not having a sinking fund it seems like a big deal to me
so if I got it right what they really have is 54,225 without a sinking fund.
Too bad I was asking for more information to the agent but as you already said I was told that I can't ask because I'm not an owner.
It really doesn't make any sense, it seems a system thought to allow frauds!