January 2022 – Assure Consulting

Why have Service Charge Expenditure Audited – Is There a Better Way?

Leave a Comment / audits, budget, commercial property, service charge, service charge liability, Serviced Offices, shopping centre, tenants / By Secret Source

First things first, when we are referring to an Audit, we mean a Certified or Chartered Accountants Audit. Their role is designed to protect the payers of the service charge, the Tenants. They should verify and certify expenditure by completing a full review and appropriate checks, providing the Tenant’s with the assurance that things have been handled properly…

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New Positive Approach Resolves Old Dispute Resulting in Initial Saving of £40,000

audits, budget, commercial property, leisure, News, retail, service charge, service charge caps, service charge liability, shopping centre, tenants / By Secret Source

Assure were instructed on a new Service Charge management contract for a multi-site retailer, who had previously been managed by another consultancy. We always kick start new instructions with a thorough review of the lease, financials and an account reconciliation. A fresh pair of eyes will often identify new issues or new ways of resolving old disputes…

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Verivi Development Drives Savings

audits, budget, commercial property, flexible office space, Landlords Insurance Recharges, leisure, managed offices, News, Offices, retail, service charge, service charge caps, service charge liability, Serviced Offices, shopping centre, tenants / By Secret Source

Here at Assure we are always developing and growing. The core of our business is reporting and analysing data in order to drive savings and help our clients with their cost reduction. This would not be possible without our internal software – Verivi. Verivi sits at the heart of everything we do, it stores every piece of relevant data for managing our clients lease expenses…

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Assure Achieves Over £91,000 in Savings for Office Occupier

audits, budget, commercial property, flexible office space, managed offices, News, service charge, service charge liability, tenants, works / By Secret Source

Our client occupies 49,000 sqft in a recently redeveloped office building of 69,000 sqft under a single lease beginning in 2017 for a term of twenty years.

The reconciled accounts for the service charge year ending 31 March 2019 were received, accompanied by a balancing demand of £368,000. Our client had received no prior notification from the managing agent regarding the size of the balancing demand..

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Webinar: LG Energy Group & Assure Consulting

audits, budget, commercial property, Distribution Centres, energy costs, flexible office space, leisure, managed offices, News, retail, service charge, service charge caps, service charge liability, Serviced Offices, shopping centre, webinar / By Secret Source

Assure Consulting will be presenting at a Webinar hosted by LG Energy Group, a market leader in energy risk management and procurement. A series of short sessions to be presented by Tim Parkin, Director Building and Consultancy, and Christopher Isa Cole, Director of Innovation & Development…

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The Return of Major Works Expenditure

audits, budget, commercial property, flexible office space, leisure, News, retail, service charge, service charge caps, service charge liability, Serviced Offices, shopping centre, tenants, works / By Secret Source

Following an enforced hiatus during the pandemic, expenditure on major works maybe set to return to ‘normal’ or even higher levels in the coming years. The underlying day to day costs of soft/hard services look to be remaining broadly flat or with minimal increases in 2022YE…

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