About Us

Mountview Estates P.L.C. is a Property Trading Company. The Company owns and acquires tenanted residential property throughout the UK and sells such property when it becomes vacant.

The Company's wholly owned subsidiaries are:

  • Hurstway Investment Company Limited
  • Louise Goodwin Limited
  • A.L.G. Properties Limited
Hurstway Investment Company Limited is a property trading company. Louise Goodwin Limited and A.L.G. Properties Limited are property investment companies.


History

Mountview Estates P.L.C. was established in 1937 as a small family business based in the North London area by two brothers, Frank and Irving Sinclair.

During the ensuing years the Company went from strength to strength and eventually floated on the Stock Exchange in 1960.

Mountview remains a family business today.


Principal Activities

Mountview Estates P.L.C. is a property trading company which purchases tenanted residential properties at a discount to notional vacant possession value and sells them when they become vacant.

Residential Properties

The Company trades in the following categories:

  • Regulated tenancy units
  • Life tenancy units
  • Ground rent units

The Company's rental income is derived from five sources:

  • Regulated tenancies
  • Assured tenancies
  • Assured shorthold tenancies
  • Life tenancies
  • Ground rents

The properties can remain tenanted for many years and are managed in the interim by our in-house Property Management team.

Regulated tenancies are characterised by rental returns below market value and a high margin on sale.

The Company also deals in the acquisition of life tenancies. Although this type of trading stock has nominal rental income, the properties are bought at a greater discount to vacant possession value and also have a higher margin on sale. In the interim the maintenance of these properties is usually the responsibility of the life tenant.

Investment Properties

Mountview Estates P.L.C. purchased two investment companies in 1999 namely Louise Goodwin Limited and A.L.G. Properties Limited. The purchase of these two companies represents the only significant departure from the Company's normal activities.

The analysis of the investment portfolio as at 31 March 2018 was:

  • Louise Goodwin Limited - 31 units
  • A.L.G. Properties Limited - 4 units

All the properties are located in Belsize Park, London NW3.


Directors and Advisors

Executive Directors

D.M. Sinclair FCA (CEO)
Joined the Company as Company Secretary in 1977, became a Director on 1 January 1982 and succeeded his late father as Chairman on 5 June 1990. Fellow of the Institute of Chartered Accountants in England and Wales.

Mrs. M.M. Bray FCCA
Joined the Company in 1996 and became Company Secretary. Became a Director on 1 April 2004. Fellow of the Association of Chartered Certified Accountants.

Non-Executive Directors

A.W. Powell FCA FIMC (Non-Executive Chairman)
Joined the company as a Non-Executive Director on 1 April 2018. Mr Powell is a chartered accountant and former partner at KPMG. Since leaving KPMG, Tony has worked as an independent consultant and as an associate at Edengene, an innovation consultancy. He is a long time active member of ICAEW, serving on several governance committees.

Dr. A.R. Williams
Joined the company as a Non-Executive Director on 7 December 2015. He replaced Alistair Sinclair, who retired from the Board on 31 December 2015. AW is a qualified member of the medical profession, and a member of the Concert Party. He will represent the interests of The Family on the Board.

Mrs. M.L. Archibald (formerly Jarvis) MRICS
Joined the Company as a Non-Executive Director on 1 July 2014. Member of the Royal Institution of Chartered Surveyors. She has held various roles with property companies, including Jones Lang LaSalle, and now acts as an Adviser to clients in a range of property sectors, including residential and commercial property.



Secretary and Registered office
Mrs. M.M. Bray FCCA
Mountview House, 151 High Street, Southgate, London N14 6EW

Bankers
HSBC Bank Plc, 60 Queen Victoria Street, London EC4N 4TR
Barclays Bank Plc, One Churchill Place, London E14 5HP

Auditors
BSG Valentine, Lynton House, 7-12 Tavistock Square, London WC1H 9BQ

Solicitors
Norton Rose Fulbright LLP, 3 More London Riverside, London SE1 2AQ

Registrars and Transfer office
Link Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU

Brokers
N+1 Singer, One Bartholomew Lane, London EC2N 2AX

Financial Advisers
SPARK Advisory Partners Limited, 5 St John's Lane, London EC1M 4BH