Mansfield Building Society History and Profile |
Established 1870 Head Office Mansfield Building Society Regent House Regent Street Mansfield Nottinghamshire NG18 1SS Tel 01623 676300 Branches 91 New Square Chesterfield S40 1AH 48
Station Street Kirkby-in-Ashfield NG17 7AS 11 Queen Street Mansfield NG18 1JL 53 Portland Square Sutton-in-Ashfield NG17 1AZ
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Mansfield Building Society Directors' Remuneration year ended 31/12/2011. |
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Pension and Life Contributions |
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20,000
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2,000
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1,000
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23,000
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35,000
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3,000
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38,000
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42,000
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5,000
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1,000
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48,000
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Mansfield had 6 Non Executice Directors during the year |
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313,000
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Nigel quinton resigned from the board 15/09/2011 and Darren Garner resigned 17/03/2011.
Mansfield Building Society Range of Products |
Mansfield provides a range of savings accounts including cash ISAs,postal trackers,regular savings accounts
and fixed rate bonds. On the mortgage side they provide a selection of SVR
mortgages,fixed rate,discounted and buy to let. They can also provide home insurance
if required.
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UK Mutual Building Societies A-Z.
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Financial Results Year Ended 31st December 2011. |
The Society made a profit after tax of £137,000 as against £355,000 the year before.
391 mortgages were completed with 39.4 million advanced. At year end there were 4 mortgages that were 12 months or more
in arrears with the arrears being £8,861. Net savings balances reduced by £8.8 million despite the introduction
of affinity savings accounts and an internet savings facility with exclusive on-line products.
The management expense ratio rose to 1.00% from 0.93%
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Mansfield Building Society Financial Results year ended 31st December 2010. |
The Mansfield Building Society Group made a profit after tax of £355,000 as against £261,000
the year before. Total mortgage lending including further adavances was £39.9 million (2009 £35.9 million). There were two mortgages that had arrears over 12 months.
The management expense ratio rose by
0.01% from 0.88%
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Mansfield Building Society Financial Results year ended 31st December 2009. |
The Mansfield Building Society Group made a profit after tax of £261,000148,000 as against
£148,000 the year before. This is after a provision of £127,000 for their contribution to the FSCS Levy. Mansfield Building Society only had to repossess one property during the year. During the year Mansfield Building Society made 402 new residential mortgages
and as of the 31/12/2008 there were 5 mortgage cases where repayments were 12 months or more in arrears. Share balances
increased by £0.3 million during the year.
The management expense ratio dropped to 0.88% from 0.95%
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Mansfield Building Society Financial Results year ended 31st December 2008 |
The Mansfield Building Society Group made a profit after tax of £148,000 as against £533,000
the year before. This is after a provision of £470,000 for their contribution to the FSCS Levy over the next 3 years.
Interestingly they have chosen to account for the whole 3 years now while other building societies have only accounted for
the first year. Over the last 5 years Mansfield Building
Society has only had to repossess one property and almost all their mortgage book is less than 75% loan to value. Interesting to see the Chief Executive commenting that he would not be surprised
by further consolidation in the sector and the demise of the Dunfermline Building Society has since proved hin right. During the year Mansfield Building Society made 586 new residential mortgages and
as of the 31/12/2008 there were 2 mortgage cases where repayments were 12 months or more in arrears. Share balances increased
by £12.4 million during the year.
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