Moor Park (1958) Limited is the Company that manages the Moor Park Estate. The role of the Company is to protect and promote the interests of the Members and to preserve the amenities of the Estate.
The Company is responsible for dealing with security, planning, traffic, parking, roads, finance, information and legal issues, concerns that affect us all.
In addition, the Company owns, administers and maintains:
- 55 acres of freehold land
- Over 6 miles of privately owned roads
- 232 lamp standards
- Over 2800 trees with 790 of them on verges; the majority of them are subject to tree preservation orders
On the Moor Park Estate there are over 500 private properties as well as commercial businesses and two schools.
The Company is the beneficiary of various restrictive covenants on properties within the Moor Park Estate and over the course of a year, the Company examines over 60 planning applications, making comments and, where appropriate, providing the Company’s formal approval as required under the covenants.
The Company may appoint up to 12 Directors, all of whom must be Moor Park residents. The Directors, including the Chairman, receive no remuneration and provide their time and expertise entirely voluntarily.
Income is obtained from Members by means of an annual contribution which is calculated on the linear footage of each property. The rate of contribution per foot of frontage can only be changed by a Resolution at a General Meeting (see Income and Expenditure below). All freehold householders should be members of the Company, limited to one member per household. Membership of the Company entitles the Member to attend General Meetings and vote on any resolutions, such as setting the annual contribution rate. Further information is provided in the Memorandum & Articles of the Company (link).
If you have any queries, there are two members of staff in our office located at 2/2A Main Avenue, which is open 9.00am to 5.00pm Monday to Friday.
Income and Expenditure
A record of the Company’s financial position can be obtained from the Annual Report & Accounts 2021, sent to all Members prior to the Annual General Meeting in April 2022. The Report includes statements from the Chairman and the Directors and a detailed list of the sources of income and of expenditure.
The Board is very conscious of the need to minimise administrative costs and to allocate a high proportion of the Company’s income to the provision of services which directly benefit its members. The office costs mainly consist of the salaries of the two permanent office staff who interact directly with members, handle the administration of planning applications and provide day-to-day oversight of the delivery of all the services, including roads, security guards, trees and maintenance.
The repair and maintenance of roads are expensive individual services. These include winter gritting, repairs to potholes and road markings, the erection and upkeep of signs and street lights, and clearing drains to prevent the build up of leaves and debris.
Costs for security and cameras include the security guards who perform vehicle checks at Estate entrances and who also control parking. The cameras are used both to help the security staff to identify unauthorised users of the Estate roads and to assist the police in deterring and detecting crime.
The large stock of over 2800 trees and keeping them in a safe condition has steadily increased in cost. This is partly because as trees age they become larger and therefore cost more to maintain.
Estate maintenance includes the cost of contracted ground staff who keep the common areas of the Estate to a good standard and who carry out minor improvements, such as footpath reconstructions.
The Board’s financial policy is to live within the financial resources available from annual frontage subscriptions, building an adequate reserve so that unexpected costs can be met without the need to seek additional funding.