Hinckley Permanent Building Society (1865) and Rugby Provident Building Society (1861) merged in 1983
creating the Hinckley and Rugby Building Society.
Head Office
Hinckley and Rugby Building Society
Upper
Bond Street
Hinckley
Leicestershire
LE10 1DG
Tel 01455 251234
email enquiries@ hrbs.co.uk
They also have 11 branches and 4 branch agents.
Financial Results year eneded 30/11/2011.
Profit after
tax dropped to £73,000 with directors wages of £455,000. During the year the society made mortgage advances totalling
£77 million. During the year new savings accounts including ISAs, postal accounts, fixed rate bonds and a children's
account were launched. Provisions for the FSCS levy were £176,000. Management expenses rose to 0.78%.
Results
year ended 30/11/2010
Hinckley & Rugby made a profit after tax of £164,000 for the year ended 20/11/2009.
This was after paying £78,000 into the fscs levy. Directors paid themselves £475,000 and having taken a look at
the savings rates available to savers one is left wondering whether the Loughborough Building Society is for the benefit of
the directors or the members?
Management
expenses as a percentage of mean total assets dropped to 0.73% from 0.77% Results year ended 30/11/2009 Hinckley & Rugby made a profit after tax of £280,000 for the year ended 20/11/2009. This was after paying £158,000
into the fscs levy. Management expenses as a
percentage of mean total assets dropped to 0.77% from 0.80%
Results year ended 30/11/2008
Hinckley & Rugby made a profit after tax of £1,265,000 for
the year ended 20/11/2008. This was after paying £377,000 into the fscs levy.
At the year end only one mortgage account was 12 months or more in arrears. The balances
held by shareholders and depositors reduced during the year by £14 million. £90.9
million was advanced during the year and total loans and advances was £531.3 million. Provisions
for bad and doubtful debt was £200,000.
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