A local new build estate of 30 houses has been managed by the developers for the first two years. Services charges have been high, have increased without warning or justification and quality of work has been poor. No surprises so far.
However, the developer has done everything it can to resist showing receipts for work done (previous line items included charges for non-existant water and electricity) and has delayed the process as much as possible to maximise profit.
Now the residents are taking over, they've found that the company is listed as dormant at companies House and has never filed accounts. Is this strictly legal? Ive found a few similar questions here which don't seem to get to a firm answer. The company has been active and collecting payments from residents as well as paying bills.
Secondly, can the residents demand an audit for previous years when they take over, so they can see previous accounts and receipts?
Thanks in advance.