Value for money - to us this means more than just competitive tendering. Adding value is about using expertise and creativity to save or to set a strategic path to deliver an outcome. This page is dedicated to Ringley hero’s who have saved their Clients' money.

Saved £510,000

49

Millharbour
How did we do it?
We negotiated away a £510,000 gas bill relying on National Grid failings, a meter change/inadequate readings and dual billing with an nearby block. We argued the supplier had a duty of care not to allow a bill to become unreasonable and to adequately notify charges, both they failed to do.

Saved £374,000

35

Mundania Court
How did we do it?
This collective enfranchisement group had all but given up hope. Then they met Ringley. Ringley led them to save £374,000 and get them the freehold saving them £569,000 against the Freeholders Notice and £374,000 against the best their previous Solicitor and Valuer could manage. The issue boiled down to the value of 4 telecoms masts. Ringley put together a case based on the diminishing long term value of roof masts due to mergers and reducing space requirements.

Saved £298,000

30

Stourcliffe
How did we do it?
Ringley inherited rather a lot when this RTM took over; the Portman Estate was part way through trying to either dispossess the headlessee or to require them to immediately effect over £2M works to windows, roof, rainwater goods, decorations.... What hurt lessees the most is that there were only 9 years left on their leases. Ringley reviewed every aspect of the schedule of works and what was 'reasonable repairs' bearing in mind there were just 9 years left on the lease, and where replacement or renewal could not be defended. Through diligent research and careful procurement we managed to save the client just under £250,000 + Vat by specifying different methods/materials and repair not renewal where possible as well as sourcing an alternative window supplier.

Saved £266,000

0576s

Preston Hall
How did we do it?
We provided a range of valuation advice from the cheeky to the realistic to help this block buy their freehold and our sister company Ringley Law duly served notice. Ultimately through somewhat protracted negotiations and modelling of values per sq ft, indexing new build values yielded and challenging other variables we achieved a £170,250 saving on the Freeholders' position.

Saved £200,000

0285s

Eccleston Road
How did we do it?
We used cherry pickers (instead of having scaffolding) to gain access to the vast majority of 6 blocks, with the tallest block being 7 storeys above ground level. By using cherry pickers, we reduced the cost of access by £150,000 + fees + VAT = £200,000.

Saved £129,000

Stourcliffe

Stourcliffe
How did we do it?
In excess of £129,000 recovered in Autumn 2016 almost 50% of the long term debt inherited on this site including 2 seriously old debts at over £35K and £45K respectively.

Saved £128,000

40

Millharbour
How did we do it?
When 3 experts recommended mechanical cooling to deal with common parts temperatures of 32.3 degrees celcius Ringley introduced passive ventilation techniques. Temperatures have reduced by up to 6.8 degrees celcius, £128,000 was saved against mechanical options, with no expensive plant to maintain.

Saved £67,000

29

Cunningham court
How did we do it?
Cunningham court How did we do it? After taking this site over from another well known Agent we analysed the service charges paid to the freeholder and brought proceedings on behalf of leaseholders resulting in a settlement under which the freeholder repaid £67,000 in respect of 5 years service charges

Saved £59,151

45

Stourcliffe
How did we do it?
Ringley took over Stourcliffe from D&G when owners were faced with spiraling service charge costs and threats from the Portman Estate over dis-repair. Ringley reduced the day-to-day service charge cost by over 20% - £59,151 by reviewing all contracts and re-tendering.

Saved £58,444

50

Geneva Court
How did we do it?
We took over this bankrupt RTM company from Peverel with no cashflow, spiralling budgets and huge deficits. Within 3 months of handover through negotiations and building trust with owners we delivered sufficient cash to keep trading, and ring fenced the reserve funds so they were not robbed also.

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