Stowmarket Estates Limited

The Company exists as a special purpose entity being responsible for the management and administration of the amenity land of Gateway 14, Stowmarket ("the Development") through a deed of covenant for the benefit of the plot owners. The legal mechanism in place will transfer the freehold ownership of the Development’s amenity land to the Company at such time when the current freeholder sells the final plot on the Development to a third party. ++ The company receives service charge contributions from the plot owners of the Development and applies those funds towards the costs of maintaining, repairing, insuring and managing the common parts of the Development, in accordance with the relevant agreements. ++ The Company does not trade for profit and does not undertake any activities other than the collection and expenditure of service charge monies.