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Freehold Company Director responsibilities

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  • Freehold Company Director responsibilities

    Hi All

    I'll start with a quick background to the situation and then a couple of questions that hopefully someone can help with!
    I am one of 7 leaseholders in a purpose built block of flats. The freeholder went into administration a number of years ago and subsequently the freehold ownership defaulted to the crown. At the time, a neighbouring block got together and bought their freehold, but we didnt as the person taking charge didnt tell anyone about the situation.

    We have since sorted ourselves out and are in the process of buying the freehold. The company has been set up, and we have a bank account etc, so all we need to do is get the funds from the leaseholders in order to complete the purchase.

    The new company that I have set up has the sole purpose of holding the freehold, as there is a separate company that manages the running of the block, which is done through a residential property management company.

    The situation I am in, is that I have set up the company and at present am the sole Director. Once the freehold has been purchased I want to put my flat on the market, but none of the other residents want to take on the Directorship. Am I able to resign as Director for the company, even if no one else is willing to take on the role? I don't want to have to carry on the responsibility when I have moved.

    any advice would be appreciated


  • #2
    Re: Freehold Company Director responsibilities

    Yes, you can resign as a director. No doubt about that. Companies House would have to be informed.