OMC Health Check
Eight yes/no questions about your owners’ management company — and a plain-English flag for every gap, whether you are the owner asking questions or the board answering them. No scores, no data collected; it prepares a consultation, it is not legal advice.
Mary Molloy Solicitors are solicitors, not accountants or tax advisers. Nothing on this page is tax, accounting or financial advice — engage your accountant on those questions, and both advisers together where matters straddle the line. Company law procedures, CRO practice and filing deadlines change frequently, and reform of the law governing owners’ management companies and charities is ongoing; confirm the current position before acting on anything here.
1. Has the OMC held a members’ meeting (AGM) in the last year?
2. Was an annual report (accounts, charges, insurance, contracts) issued to members?
3. Was the current service charge approved at a members’ meeting?
4. Does the OMC have a sinking fund receiving contributions?
5. Are the OMC’s CRO filings current - company in good standing, not struck off?
6. Have director elections been held within the last 3 years?
7. Have the development’s common areas been transferred to the OMC?
8. Is block insurance in place, current and disclosed to members?