Thurne Bungalows Management Company Limited (TBMC) welcomes you to its website. Please bookmark this site for ease of future reference. We hope you find the site informative. Suggestions for site improvements are always very welcome.
Please also visit the River Thurne Tenants Association's website:
The RTTA formed TBMC Ltd in 1985
DATES OF 2019/20 TBMC BOARD MEETINGS:
19th January 2019 10.00 – 13.00 New Victory Hall, Neatishead
23rd February 2019 10.00 – 13.00 New Victory Hall, Neatishead
18th May 2019 10.00 – 13.00 New Victory Hall, Neatishead
12th July 2019 18.00 – 20.00 Plots Inspection by River
6th September 2019 19.30 – 22.00 New Victory Hall, Neatishead
26th October 2019 AGM 10.00 – 11.00 Potter Heigham Village Hall
9th November 2019 10.00 – 13.00 New Victory Hall, Neatishead
The Company's History
Thurne Bungalows Management Company Limited was incorporated in 1986 as a private company limited by shares. The Company was founded by the River Thurne Tenants Association http://www.rtta.me.uk (an Association dating back to 1948) in order to purchase from Anglian Water a ninety-nine year Lease on one hundred and eighty-five Thurne riverbank plots in the Norfolk Broads parishes of Potter Heigham, Ludham, Repps with Bastwick and Martham. The RTTA could not purchase the Lease on behalf of its members because it was not an incorporated body and, therefore, had no personality in law. Without a status in law, it could not enter into any legally binding contract.
Having purchased the Lease for £405,000, TBMC Ltd then sold Underleases - at substantially the same amount - to one hundred and eighty existing tenants. Since 1986, TBMC Ltd has managed its leasehold plots as a non-profit-distributing company.
TBMC Ltd currently has 184 shareholders, each being a bungalow or mooring plot leaseholder. The leaseholder of each plot is obliged to purchase one Ordinary share in TBMC Ltd. A second class of share with no voting rights was issued by the Company in 1993 to raise cash .
Thurne Bungalows Management Company Limited
Reg Office: 2 Swanns Yard, Worstead, North Walsham, NR28 9RP
Company Registered in England and Wales No 01878622