Grange Rath Update - payment of service charges

GRANGE RATH UPDATE;

The board of directors in Grange Rath are refusing to answer any questions that have been put forward from the owners. Since the current directors were elected in March 2013, here is their achievement to date;

• Terminated the contract of the management agent.

• Terminated the contract of the gardener.

• Hired an office, hired 2 employees - employed the wife of a director and one of the directors and took control of the whole estate.

• Held an AGM, given notice to owners of 10 days and did not present the year end accounts - company solicitor allowed this to happen! Complaint issued to the Office of Directors Corporate Enforcement.

• Budget passed, the 2 employees are now getting paid of €79K between them. Office hire is €10K.

• Owners have gone on site to the office - office closed.

• It was found that the 2 employees have other full time jobs hence the appointments that must be made in advance.

• Changes to the Memos & Arts were made behind the owners back. The Secretary of Grange Rath and the company solicitor authorised those changes. Among the 16/17 changes to the document, one section was added in were all directors/committee members could be paid for their work ie travel expenses, hotel expenses and other expenses. Board meetings held every Monday - no wonder!!

• Complaint issued to the Office of Directors Corporate Enforcement - the changes were put back to the original document therefore the company name is no longer Grange Rath Limited - it's Colpe Management Company.

• Now our company is being taken to COURT – creditors not getting paid.

• The board of directors/company solicitor has NOT issued an apology to the owners - this is unacceptable.

Now the board of directors are seeking payment of service charges - WOULD YOU PAY under these circumstances??