Diversified Financial Services
Company Overview of Newcastle Building Society
Company Overview
Portland House
New Bridge Street
Newcastle upon Tyne, NE1 8AL
United Kingdom
904 Employees
Key Executives for Newcastle Building Society
Newcastle Building Society Key Developments
Newcastle Building Society announced the departure of its Business Services Director. Gillian Tiplady, who has held the post since January 2011, has resigned with immediate effect to pursue other interests.
Newcastle Building Society announced preliminary consolidated earnings results for the year ended December 31, 2012. For the period, the company reported interest receivable and similar income was £110.3 million compared to £103.2 million in 2011. Net interest receivable was £19.9 million compared to £17.5 million in 2011. Operating profit before impairments, provisions and exceptional items was £10.4 million compared to £9.2 million in 2011. Profit for the year before taxation was £1.5 million compared to £0.1 million in 2011. Profit after tax was nil compared to loss after tax of £0.7 million for the same period a year ago. Net cash used in operating activities was £73.4 million compared to £312.3 million for the same period a year ago. Purchase of property, plant and equipment was £1.7 million compared to £1.0 million for the same period a year ago. Purchase of investment securities was £1,005.7 million compared to £939.6 million for the same period a year ago. The company also reported its Chairman, David Holborn, who has served the Society with distinction for the past 10 years, the last 2 as Chairman. Following careful and timely planning the Society has secured an equally impressive replacement in Phil Moorhouse under whose guidance it looks forward to building further on its successes to date. This new appointment will commence after Annual General Meeting on April 24, 2013.
Newcastle Building Society, Annual General Meeting, Apr 24, 2013.
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To contact Newcastle Building Society, please visit www.newcastle.co.uk. Company data is provided by Capital IQ. Please use this form to report any data issues.
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