Britannia Building Society
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| Britannia Building Society | |
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| Type | Building Society (Mutual) |
| Founded | 1856 |
| Headquarters | Leek, England, UK |
| Key people | Ian Adam, Chairman Neville Richardson, Chief Executive |
| Industry | Banking and Financial Services |
| Products | Savings, Mortgages, Investments, Loans, Credit Cards, Insurance |
| Revenue | Profit £130.4 million GBP (December 2006) Total assets £35 billion |
| Employees | 5,000 |
| Website | http://www.britannia.co.uk/ |
The Britannia Building Society is one of the major UK mutual building societies remaining today, with headquarters in Staffordshire, England. Britannia is the second largest building society in the United Kingdom based on total assets of £35 billion at 31 December 2006.[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 also has an agreement with AXA to provide life, pension protection and investment products through its branches.
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[edit] History
Britannia traces its history back to 1856, when the Leek and Moorlands Permanent Benefit Building Society was formed. The Society evolved into today's Britannia through a series of mergers, notably with the NALGO Building Society in 1960, the Westbourne Park in 1965 (leading to a change of name to Leek and Westbourne) and with the Eastern Counties (as Leek, Westbourne and Eastern Counties) in 1974. A further merger in 1975 with the Oldbury Britannia Building Society saw the change of name to Britannia.
[edit] Bristol and West Acquisition
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 earlier demutualisation trend.
- 2005
- 21 September: The transfer of the Bristol and West Branch and Contact Centre network is completed. 94 retail branches from the Bristol and 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.
- 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.
- 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.
[edit] Trivia
Britannia are the official sponsors of Stoke City FC, who will play the 2008-09 season in the Barclays Premier League, and lend their name to the stadium. They also sponsor Ipswich Town's west stand at Portman Road, the Britannia Stand. This stand is the largest in the Football League Championship.
[edit] External links
In 2008 many employees took part in the Guardian newspaper employee satisfaction survey and they made it to number 2 in the large company category.
[edit] References
- ^ Britannia Building Society Financial Report, 2006
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