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Greenwich Wharf Management Company (GWMC)
Greenwich Wharf Management Company (GWMC)
Greenwich Wharf Management Company (GWMC) is the management company for the estate. GWMC in turn appoints the managing agent to run the estate.
The lease for every apartment comes with a share in GWMC. The Management Share currently rests with L&R who at their discretion may give it over on the sale of the last apartment in the development. At which point, the Leaseholders would have the ability to appoint Directors, who in turn would have control over appointment of the managing agent, or otherwise managing their performance.
The current Directors of GWMC are listed on the Companies House website.
Leasehold Knowledge Partnership say the following on developer-controlled RMCs:
"Not handing over the control of the RMC is a standard dodge among developers: they do not want leaseholders to get organised and start making them sort out expensive snagging issues."
Martin Keegan has undertaken a survey of RMCs, including many which are held captive by developers, at:
https://blog.ucant.org/post/987.html
Greenwich Wharf Management Company Articles of Association
Greenwich Wharf Management Company Articles of Association
GWMC's 'management share' is defined in Greenwich Wharf Management Company Articles of Association 13.4 and 13.5:
13.4 Until such time as all the dwellings comprised in the development have been transferred to dwellingholders by the granting or assigning of a lease or tenancy or the sale of the freehold of a dwelling, the holder of the Management Share shall have the right of veto at all general meetings of the company.13.5 Upon completion of the transfer of the last dwelling in the development the holder of the Management Share may at its discretion transfer the Management Share to the dwellingholder thereof and upon registration of the dwellingholder as the holder of said share:13.5.1 the Management Share shall thereupon be redesignated as an Ordinary Share,13.5.2 the right of veto at general meetings of the company attaching to the Management Share shall cease to apply; and13.5.3 every Ordinary Share shall have attached thereto the right to vote at any general meeting of the Company.
What about Right to Manage?
What about Right to Manage?
RTM generally applies to an individual block rather than an entire estate, which could mean multiple Right to Manage Companies in order to manage the estate. The following is from the Leasehold Advisory Service:
Leaseholders of flats have the right to self-manage their properties under the law by way of a Right to Manage company provided that certain criteria are complied with. One of these is that the building itself must be self-contained. This is complied with if the building is structurally detached from any other buildings. This is provided under s.72 of the Commonhold and Leasehold Reform Act 2002 (the 2002 Act).
If the building is not structurally detached, the leaseholders may not have the right to self-manage via a Right to Manage company and their claim to do so may fail.
Settlers vs FirstPort confirms that the law was clarified on this in 2022:
The RTM under the 2002 Act does not therefore extend to the RTM Company managing the shared Estate Facilities, which do not form part of the "premises" over which the RTM is exercisable. The Appellant remains the sole party responsible for providing the Estate Services to all lessees on the Estate and entitled to levy Estate Charges accordingly, including from the lessees of flats in Settlers Court [62]. Gala Unity was wrongly decided and should be overruled [63]. The appeal is therefore allowed.The Chelsea Bridge Wharf estate however achieved RTM in 2025 on the basis that multiple buildings with a shared car park could qualify as a single structure:
This decision was dependant on the particular construction of that estate.
Right to Manage Companies have previously been set up at other developments where the leaseholders have been unable to gain control of the RMC, for example at Falcon Court Battersea, as written about on LKP and Nearly Legal blogs.
A group of residents previously sought support for an RTM plan at River Gardens in 2024 with details on their website at www.rgrtm.com
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