HOME | HISTORY | THE COMPANY | FINANCE | RESIDENTS' INFORMATION | LINKS | GRAFFITI HOTLINE | MAP | GALLERY

Blackheath Cator Estate
Residents Ltd
Chapman House
10 Blackheath Village
London SE3 9LE

T/F: 020 8297 1210

office@blackheathcatorestate.co.uk

The office is open  Monday-Friday
9am-3pm

Administrators:
Miriam Hier
Vicki Graham
 

by

Vicki Graham

FINANCE      

The Company now spends in the region of  £300,000 each year (based on 2006 figures)on recurrent expenditure and estate improvements, including the  maintenance of roads, footpaths, verges and trees, together with traffic control costs, administration and legal, insurance and audit expenditure.  Estate improvements includes an ongoing programme of patching, resurfacing (and sometimes reconstruction) of roads, and of improvements to pavements, street lighting and drainage.

The major source of income to fund these expenses is the Estate Charge payable by each individual property, and levied, in arrears for the previous year, at the beginning of each January.  The Estate Charge is calculated by multiplying a ‘frontage’ (in feet) by an amount per foot.  The ‘frontage’ may either be an
actual measured frontage onto the road, calculated to the nearest foot; or it may be a notional frontage that has been negotiated between the Company and the developer or subsequent owner, and agreed within the assignable contract Deeds.  Some of the autonomous Span estates on the Cator Estate are charged per
estate, and they pass on the BCER Ltd Estate Charge within a charge levied on the residents concerned.  The Estate Charge is a legally collectable debt and the details are contained within the Deeds of each individual property. 

An annual budget and forecast is published each year in the Newsletter, and detailed, audited accounts are presented to the AGM, where questions and comments are welcome.

^TOP

 ©BCER LTD 2006