This page contains a Flash digital edition of a book.
Furness Building Society


Head office: 51-55 Duke Street Barrow in Furness Cumbria LA14 1RT Phone: 01229 824 560 Website: www.furnessbs.co.uk Email: furness.direct@furness-bs.co.uk DX No: 63922


Established: 1865 Incorporated: 1891 Auditor: KPMG Audit Plc No. of branches: 11 No. of agents: 17 No. of estate agency branches: 0 No. of ATMs: 2 No. of F/T staff: 102 No. of P/T staff: 70 No. of borrowing members: 8,262 No. of investing members: 94,164 Total members: 101,982 No. of depositors: 1,074


Executive directors Chief Executive, Nigel Quinton


Deputy Chief Executive, Steve Pryer Finance Director, Brian Ryninks Sales and Marketing Director, Martin Cutbill


Non-Executive directors Chairman, Peter Hensman Vice-Chairman, Colin Millar Stuart Fairclough Alan Hunter Philip Ireland Kim Kearney


Associated companies Furness Financial Advisers Ltd (FFA) Furness Mortgage Services Ltd (FMSL)


Sales distribution channels for mortgages Branches: 10% Telephone: 10% Intermediaries: 80%


About the society Furness Building Society's branch operating area covers the North West of England, where it also has a number of agencies. The Society also undertakes business nationally. Offering a full range of mortgage and savings products, the Furness also has a financial advice subsidiary (Furness Financial Advisers Ltd)


The Furness is well renowned for its community and charity involvement. Our affinity accounts continue to be popular with over £370,000 paid out in 2012 to a number of good causes and charitable organisations such as St Mary's Hospice in Ulverston, The North West Air Ambulance and the RNLI to name just a few.


Having been establised in 1865, the Furness is determined to remain a mutual independent society known for its excellent personal customer service.


Financial position as at 31 December 2012 Assets


Liabilities £000


Liquid assets Mortgages Fixed and other assets


204,121 628,043 5,005


Shares Borrowings Other liabilities Net pension liability Subordinated liabilities Reserves


Total assets Results for the year £000


Net interest receivable Other income and charges Administrative expenses Operating profit before provisions and taxation Provisions for bad and doubtful debts Operating profit before FSCS levy Provision for FSCS levy and others Profit on ordinary activities before tax Taxation


Profit for the financial year 46


11,205 373


(8,740) 2,838 (383) 2,455 (377) 2,078 (561)


1,517 www.bsa.org.uk


As a percentage of shares and borrowings - Gross capital Liquid assets As a percentage of mean total assets - Profit for the year Management expenses


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


837,169 Total liabilities Financial ratios % 7.83 26.54


0.18 1.06 3.02


14.81 3.70


£000


656,039 113,037 4,118 3,765 4,974


55,236 837,169


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174  |  Page 175  |  Page 176  |  Page 177  |  Page 178  |  Page 179  |  Page 180  |  Page 181  |  Page 182  |  Page 183  |  Page 184  |  Page 185  |  Page 186  |  Page 187  |  Page 188  |  Page 189  |  Page 190  |  Page 191  |  Page 192  |  Page 193  |  Page 194  |  Page 195  |  Page 196  |  Page 197  |  Page 198  |  Page 199  |  Page 200  |  Page 201  |  Page 202  |  Page 203  |  Page 204  |  Page 205  |  Page 206  |  Page 207  |  Page 208  |  Page 209  |  Page 210  |  Page 211  |  Page 212  |  Page 213  |  Page 214