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Earl Shilton Building Society


Head office: 22 The Hollow Earl Shilton Leicester LE9 7NB Phone: 01455 844 422 Website: www.esbs.co.uk Email: enquire@esbs.co.uk


Established: 1857 Incorporated: 1896 Auditor: KPMG Solicitor: Thomas Flavell No. of branches: 2 No. of agents: 0 No. of estate agency branches: 0 No. of ATMs: 0 No. of F/T staff: 16 No. of P/T staff: 10 No. of borrowing members: 1,339 No. of investing members: 12,594 Total members: 13,933 No. of depositors: 187


Executive directors Chief Executive, Paul Tilley Deputy Chief Executive & Finance Director, Neil Adams Business Development Director, Audrey Green


Non-Executive directors Chairman, Rupert Clarke Vice Chairman, Christopher Packham William Summ Christopher Newton David Crooks Richard Krasucki


Other principal executives IT Manager, Alan Carvell Regulation and Compliance Manager, Sally Hunt


Sales distribution channels for mortgages Branches: 20% Telephone: 10% Intermediaries: 70%


About the society Earl Shilton Building Society is a small Society, with two branches in neighbouring villages, offering a personal, friendly mortgage and investment service not only to the local community, but to our members nationwide, also offering sponsorship to local charities, fundraising events and young people developing talents in certain areas. The Society has been in existence since 1857 and has built on its success to become the established well regarded local society it is today.


There has been reasonable growth in the Society’s overall size and mortgage balances throughout the year which is pleasing given the challenging market conditions. The Earl Shilton understands that nobody is typical and we pride ourselves in being flexible towards people’s needs. It’s a policy which has attracted a wide variety of people to take out mortgages at the Society over our 150 years of business. Our ISA accounts remain popular and we have recently launched a Members’ Bond and under 50’s account. We are refurbishing our main branch and investing in additional staff.


Financial position as at 31 March 2013 Assets


Liabilities £000


Liquid assets Mortgages Fixed and other assets


Total assets


30,512 77,598 546


108,656


Shares Borrowings Other liabilities Reserves


Total liabilities £000


93,252 6,550 416


8,437 108,656


Results for the year £000


Net interest receivable Other income and charges Administrative expenses Operating profit before provisions Charge for losses on loans to customers Recovery of fixed asset investments Provisions for FSCS levy Investment income Profit for the year before taxation Taxation Profit for the year


44


1,609 125


(1,383) 351 (9) 92


(42) 133 524


(122) 401


As a percentage of shares and borrowings - Gross capital Liquid assets As a percentage of mean total assets - Profit after taxation and exceptional items Management expenses


Lending Limit Funding Limit Percentage increase in total assets during the year


Financial ratios % 8.45 30.57


0.38 1.32


4.29 6.56 7.20


www.bsa.org.uk


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