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Stafford Railway Building Society


Head office: 4 Market Square Stafford ST16 2JH Phone: 0845 456 1001 Website: www.srbs.co.uk Email: mutual@srbs.co.uk DX No: 731067 Stafford 3


Established: 1877 Incorporated: 1877 Auditor: KPMG audit PLC No. of branches: 1 No. of agents: 0 No. of estate agency branches: 0 No. of ATMs: 0 No. of F/T staff: 9 No. of P/T staff: 10 No. of borrowing members: 1,448 No. of investing members: 12,387 Total members: 13,835 No. of depositors: N/S


Executive directors Chief Executive, Susan Whiting


Deputy Chief Executive, Jeremy Hodgkiss


Non-Executive directors Chairman, David Gage Vice Chairman and Senior Independent Director, Ian Henderson Michael Smith Nick Sandy Brett Phillips James Dean


Other principal executives Manager, Adrian Phipps Manager, Catherine Bennett Manager, Martin Davies Manager, Emma Parker


Associated companies: N/A


Sales distribution channels for mortgages Branches: 66% Telephone: 25% Internet: 2% Intermediaries: 7%


About the society The Society was established on 17th October 1877, since then there have been no mergers. Services to the members has always been the primary focus of the Society which is why the vast majority of growth comes from repeat business or recommendations from existing members and local professionals.


Financial position as at 31 October 2012 Assets


Liabilities £000


Liquid assets Mortgages Fixed and other assets


Total assets 55,776


159,080 702


215,558


Shares Borrowings Other liabilities Reserves


Total liabilities £000


181,461 18,578 1,023


14,496 215,558


Results for the year £000


Net interest receivable Other income and charges Administrative expenses Provisions for bad and doubtful debts Provisions for the FSCS levy Profit for the year before taxation Taxation


Profit for the year


2,847 (6)


(1,338) (32) (80)


1,391 (351)


1,040


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


Financial ratios % 7.25 27.88


0.50 0.64


2.2 9.3


6.32


74


www.bsa.org.uk


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