General Flashcards
What is a balance sheet?
a financial statement that contains details of a company’s assets or liabilities at a specific point in time.
Whats the difference between audited accounts and
Audited have been carried out by external 3rd party who are qualified as accountants
What do the ratings in Dun and Bradstreet mean?
Split into 2 parts
Financial Strength and RIsk Indicator
Financial Strength - based on tangiable net worth form latest financial accounts - ratings from NQ or H to 5A
Risk Indicator- rated from 1 - 4.
Tell me about Asbestos?
Insulating material which can cause serioud health problems and fatal diseases.
Left undmaged or undisturbed it posses no risk. If damaged or disturbed it can release small tocix fibres which can lodge in the lungs and cause illness.
The 3 types are Brown, Blue and White.
White was illegal in 1999. Others in 1985.
Legal duty to manage asbestos in commericla buildings - non compliance is a criminal offence.
Obligaitions to the duty holder and employer.
Duty holder is owner of the premises if vacant or a tenant if holding a repairing lease.
Refer to asbestos register:
2 types of asbestos surveys:
Management - locate and assess it, advice on its management during normal occupation, no sampling.
Refurbishment/demolition - required where part of premises is needs upgrading or refurbishment or demolition. Sames are taken and analysed. Recommendation are made regard to their management.
Work to be carried out by a licenced contractor. New buildings require architects certificate.
TStages of Complaints Handling Procedure?
RICS Guidance Note - Complaints Handling 2016
Firms written CPH must be approved by RICS
Always remember to notify PII ASAP - potential claim for negligence.
Complaints log to show details progress and outcome.
Must have ADR approved by RICS mechanism
2 stages: In House and ADR.
In House - details of CHP should be issued when a firm recieves a complaint. Quick, clear and transparent and impartial. Details of complaints handling officer who they need to contact. Made in writing. Achnowledge in 7 days and investigated within 28 days.
Third Party - If complainant is not happy with the review the second stage involves using independant redress mechanism. Na,e of the redress must be provided to the complainant - such as Centre for Dispute Resolition, The property redress scheme. RICS dispue resolution service.
Tell me about how to prepare a health and safety policy document?
A policy setting out the organisations commitment to health and safety (H&S)
Details of the organisations H&S strucutre with roles and responsibilities for organising H&S.
A risk assessment setting the risks within the workplace and the preventative measures in place.
Details of the planning, implementation of the H&S policy and control measures.
What steps are taken to manage Asbestos?
Duty holder must assess whether the premises contain asbestos, if so where is it and what condition is it in. If in doubt material must be presumed to contain asbestos.
Assess the risk and produce an asbestos management plan - encapsulate or remove needed?
Produce an asbestos register
Make the register available to all relevant parties who might disturb it.
Review the register reguarly (HSE says every 6 months).
Criminal action of Asbestos?
Only defence is if person took all reasonable precautions and exerised all due dilligence.
H&S Act 2008 enables fines to a maximum of £20k and possibility of 12 months prison. It also enables more serious offences to be tried in higher courts where there are no limits.
What is included within the new use class order?
E - use or part use of any of the following:
Retail other than hot food.
Sale of food and drink.
Visiting public services - financial, professioanl services, service for commerical business.
Indoor sports and recreation
Medical and health services for vising members of the publoc.
Creche/day nursery
Office - admin and operational function - resaerch and development - industrial process carried out in resi area without detriment to the amenity (smoke, vibration, smell, fume)
Can go from E to E3 if no greater than 1,500 sqm.
F1 - learning and non residential institutions - educatedion, museum, library, public hall, worship etc.
F2 - Local community - shop like convenience store, hall or meeting place, outdoor sport or recreation, indoor or outdoor swimming.
B2 general industrial - anything outside of the new E. – permitted change from B1 B2 or B8 if floor sapce is no bigger than 500 sqm.
B8 - Storage and distrubution. – can change from former B1 to state funded school.
key facts MK?
brick construction
cement sheet clad rood
profile clad metalic sheet walls and brick to the rear
timber cladding office
aluminium framed casement windows
5 roller shutter doors (manual)
10% translucent ceiling panels
carpet
solid ceramic tile
painted brick walls
5.5% yeield 6.2% purchasors costs
£11.50 psf
Just had rent review concluded at what we agree to be market rent
11,000 sq ft approx
Circa £1.8m.
Basingstoke info?
75% loan to value over a 20 year term.
20k sq ft
Composite cladding
carpeted and tiled floor
full geight glazing in powder coated aluminum frames
10 vehicles inside
spot lighting
wooden laminate floor
12 working bays
roller shutter doors
partition walls
North side of basingstoke
130 external car parking spaces
£18.00 psf showroom space
£9 workshop
£650 per space prime.
8.5% to £2.95m
Valued profit rent
Long leasehold - 90 years unexpired.
Ashford?
steel portal frame, double height showroom, good standard, polished tile floor, showrrom galzing and spot lighting, AC.
Partitioned offices.
30 parking spaces
Just under 3k sq ft
£58,000
overall rate of £19.25 ish
Long itchington
2.7m
fair value
£112 psf
steel frame truss roof
three bay warehouse
concrete floor
translucent roof panels
ambirad heaters
carpeted floors
painted walls
4m eaves +3 m eaves below
perimeter trunking
650 parking spaces
£40 - £60 ft for building
£440k an acre
£3.50 psf + £30k an acre at an ARY of 7.5%
Northampton
8,500 sq ft
£670k
£123 sq ft overall
Rouhgly 4,000 sq ft mezzanine (90% of the unit)
5.7m clear height
max 6.6
up and over dooor
has warm air blower
suspended radiant heaters
brick construction with insualted profile metal cladding.
timber decked mezzanine floor
Slough
1970’s warehouse
concrete portal frame
brick elevation
corrugated cement sheet overclad in profile sheeting
8m eaves
14 loaidng doors
two storey office
tenant mezzanine fit out
65% site cover.
40k sq ft
rents around £12.50 at the time - now quoting north of £18.50 psf
done at £11.00
arbitrator
