Melton Mowbray Building Society Profile and History. |
Established 1875 Head Office Melton Mowbray Building Society Leicester Road Melton
Mowbray Leicestershire LE13 0DB Tel
01664 414141 Branches Melton Mowbray Building
Society 18 Nottingham Street Melton Mowbray Leicestershire LE13 1NW Melton
Mowbray Building Society 48 High Street Grantham Lincolnshire NG31 6NE Melton
Mowbray Building Society 23 High Street Oakham Rutland LE15 6AH
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Directors Remuneration year ended 31/12/2011 |
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2,473
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9,962
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Melton Mowbray had a maximum of 7 over year |
106,438
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The Melton Mowbray Building Society Product Range. |
The Melton Mowbray Building Society offers a range of products. For savers they offer instant access savings
accounts, regular saver, 50 plus share accounts, fixed rate bonds and cash isa. On mortgages their offerings include fixed
rate mortgages and discounted rate mortgages. They also offer mortgage protection insurance, buildings/contents insurance,
retirement planning, equity release and a will writing service.
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Financial Results Year Ended 31st December 2011. |
The Melton Mowbray Building Society made a profit after tax of £192,000 (£151,000 2010).
During the year £26 million of new mortgage loans were advanced although net mortgage balances dropped to £228.2
million. 6 mortgage accounts were 12 months more in arrears. Provisions totalled £795,000.
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Melton Mowbray Building Society Financial Results year ended 31st December 2010. |
The Melton Mowbray Building Society made a profit after tax of £151,000 (£16,000 2009).
During the year retail share and deposit balances dropped by 6.4%. Mortgage lending totalled £17 million. There
were 4 mortgages 12 months or more in arrears.
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Melton Mowbray Building Society Financial Results year ended 31st December 2009 |
The Melton Mowbray Building Society made a profit after tax of £16,000 (£150,000 2008) this
was after paying £100,000 to the fscs levy. £492,000 was also written off.
Lending for the year was
£22 million.
At the yeat end 3 mortgage accounts were 12 months or more in arrears plus another five through
MBS lending ltd.
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Melton Mowbray Building Society Financial Results year ended 31st December 2008 |
The Melton Mowbray Building Society made a profit after tax of £150,000 (£434,000 2007) this
was after paying £450,000 to the fscs levy. £162,000 was set aside against possible losses on the mortgage book.
MBS Lending Ltd (a subsidiary) had loans outstanding at the year end of £26 million
and mortgage balances in arrears of £6 million of which payment arrears totalled £106,000. Provisions by the Melton
Mowbray building society relating to MBS Lending were £555,000. MMBS Services
Ltd (a subsidiary) made trading losses for the year of £1.2 million and Melton Mowbray Building Society waived £1.75
million of intercompany debt and £0.5 million of goodwill value was written off. The
Melton also made one off pension gains of £1.6 million to help offset the above and at the year end group total assets
had decreased by 3.2 million which makes the bonus payments to executive directors hard to fathom. Highlights Net share and deposit receipts up 1.3%
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