Property Management Company (known as 'flat management company') can be formed by residents who want to purchase the property's freehold; however, they are typically set up by developers.
When accumulating properties, a developer may need to consider how they will manage these properties and their tenants or owners. To register a company and make it viable, you only need one director, but we recommend that a PMC have at least two directors, as it is a lot of responsibilities for one person only.
A director can have different titles, such as an executive director or non-executive director. And it's important to note: some directors are shareholders, but not all shareholders are directors.
to check what Companies House will reject (characters, signs, and symbols).