Britannia Building Society
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Britannia Building Society | |
Type | Building Society (Mutual) |
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Founded | 1856 |
Headquarters | Leek, Staffordshire |
Key people | Ian Adam, Chairman Neville Richardson, Chief Executive |
Industry | Banking and Financial Services |
Products | Savings, Mortgages, Investments, Loans, Credit Cards, Insurance |
Revenue | Profit after tax £50.1 million GBP (June 2005) Total assets £28,953m |
Employees | 3,500 |
Slogan | "The Sharing Society" |
Website | www.britannia.co.uk |
One of the major UK mutual building societies remaining today is the Britannia Building Society, with headquarters in Staffordshire, England. Britannia is the second largest building society in the United Kingdom based on total assets of £28,953 million at 31 December 2005.[1]
Britannia Building Society provides financial services both directly and through more than 250 branches. Britannia is an important provider of both mortgages and savings in the UK, as well as commercial lending.
Britannia has been around since 1856, when it was known as the Leek and Moorlands Building Society. Since then a series of agreed mergers has evolved it into today's Britannia. The most recent acquisition was the savings arm and branch network of former building society, Bristol and West. This is the first major re-mutualisation in the United Kingdom, following the demutualisation trend in the late 1990s.
Britannia are the official sponsors of Stoke City, of the Football League Championship.
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- 2005:
- 21 September: The transfer of the Bristol & West Branch and Contact Centre network is completed. 94 retail branches from the Bristol & West are now trading as Britannia. 50 Staff at Parkway and 150 staff at Temple Quay now work for Britannia Bristol, as the former Bristol and West is now called.
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- 12 December: Britannia announces its intention to relocate all former Temple Quay and Parkway staff to a new location. It is believed that the new location will be based in the centre of Bristol.
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- 2006:
- 03 July: Britannia Building Society staff based at Temple Quay and Parkway Stoke Gifford sites will begin the move into new premises at Tower Wharf, Cheese Lane Bristol. This represents the final stage of the take over of the former Bristol and West Retail and Direct business.
On the same day all former Bristol and West Retail and Direct customers will transfer onto the core Britannia computer systems. This has been one of the biggest projects that the Britannia IS team has worked on.
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