Financial Results for year ended 06/02/2012 |
Chorley Building Society made a profit after tax of £573,334 as against a profit of £647,188
the previous year. This was after a provision of £79,517 for the fscs levy. Provisions for other bad and doubtful debts
were £63,810 (2010 £68,585).
There were 16 cases at the year end of mortgages that were 12 months or more
in arrears with the total amount of the arrears £138,000. There were no properties in possession at the year end. The
society still retains a £2,000,000 exposure to Landsbanki a failed Icelandic Bank. The debt has been fully provided
for and they do not anticipate any recovery of this amount this year.
The average loan to value on the mortgage book was 43.86%
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Financial Results for year ended 01/02/2010 |
Chorley Building Society made a profit after tax of £528,129 as against a loss of £1,494,461
the previous year. This was after a provision of £17,715 for the fscs levy. Provisions for other bad and doubtful debts
was £181,353 (2008 £345,000). 13 mortgages were
6 months or more in arrears at the year end although overall arrears were lower than the year before. The average
loan to value of the mortgage book was less than 39%. One property was in possession at the year end. Share balances grew 2.00% during the year.
The average loan to value
on the mortgage book was 38%
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Financial Results for year ended 02/02/2009 |
Chorley Building Society made a loss after tax of £1,494,461. This was after a provision of
£161,000 for the fscs levy and £2,042,801 on losses through exposure to landsbanki. Provisions for other bad and
doubtful debts was £345,000 (2007 £95,096). 13
mortgages were 6 months or more in arrears at the year end. The average loan to value of the mortgage book was less than 39%.
One property was in possession at the year end. Share balances
grew 6.66% during the year.
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Chorley Building Society Profile and History |
Established 7/03/1859 as the Chorley Permanent Benefit Building Society.On the 6th February 1933 the name
was changed to the Chorley and District Building Society. Head
Office Chorley Building Society Key House Foxhole Road Chorley PR7 1NZ Branches 28/30 High Street, Chorley, PR7 1DW 153/155 Towngate, Leyland. PR25 1LH
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Chorley Building Society Directors Salaries and Remuneration year ended 06/02/2012. |
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Non Executive Directors Fees |
70,100
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276,453
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Chorley Building Society provides savings, mortgages and insurance. The savings accounts on offer include
instant access savings accounts, regular savers, notice accounts, postal accounts, isas, and medium term savings accounts.
Chorley also offers a comprehensive range of mortgages as well as buildings, contents and unemployment insurance and Over
50s life insurance.
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