January 18, 2017 11:31 AM ET

Diversified Financial Services

Company Overview of Newcastle Building Society

Company Overview

Newcastle Building Society, a building society, provides mortgage, savings, investment, and insurance products to members and customers in the United Kingdom. The company operates through Member Business and Solutions Business segments. Its savings and investments products include easy access accounts, cash individual savings accounts (ISAs), fixed rate bonds, children’s accounts, member exclusives, Sir Bobby Robson Foundation ISAs, Newcastle junior ISAs, and Newcastle big home savers. The company also offers fixed, variable, and tracker mortgages; financial planning services comprising funeral, inheritance tax, and wills and estate planning services; and home, life protection, and landlords...

Portland House

New Bridge Street

Newcastle upon Tyne,  NE1 8AL

United Kingdom

875 Employees

Key Executives for Newcastle Building Society

Chief Executive and Executive Director
Age: 53
Deputy Chief Executive, Finance Director and Executive Director
Age: 49
Head of Mortgage Distribution
Group Secretary
Group Financial Controller
Compensation as of Fiscal Year 2016.

Newcastle Building Society Key Developments

Newcastle Building Society Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016

Newcastle Building Society announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported net interest receivable of £13.2 million compared to £13.4 million a year ago. Total operating income was £26.3 million compared to £24.3 million a year ago. Operating profit before impairments and provisions was £6.1 million compared to £6.1 million a year ago. Profit before taxation was £3.5 million compared to £1.5 million a year ago. Profit after taxation for the financial period was £2.8 million compared to £1.1 million a year ago. Net cash flows from operating activities were £12.7 million compared to net cash flows used used in operating activities of £77.7 million a year ago.

Newcastle Building Society, Annual General Meeting, Apr 28, 2016

Newcastle Building Society, Annual General Meeting, Apr 28, 2016, at 13:45 GMT Standard Time. Location: Bamburgh Suite, Newcastle United Football Club Newcastle Upon Tyne, NE1 4ST United Kingdom

Newcastle Building Society Reports Preliminary Consolidated Financial Results for the Year Ended 31 December 2015

Newcastle Building Society reported preliminary consolidated financial results for the year ended 31 December 2015. For the year, interest receivable and similar income was £78.0 million against €85.3 million for the last year. Operating profit before impairment provisions and FSCS levy was £11.9 million against €12.4 million for the last year. Profit for the year before taxation was £5.4 million against €4.0 million for the last year. Profit for the financial year was £3.3 million against €2.9 million for the last year. Net cash outflows from operating activities was £63.6 million against €151.1 million for the last year. Purchase of property, plant and equipment was £2.5 million against €3.5 million for the last year. Operating profit before impairment charges and the FSCS levy was down slightly due to a higher depreciation charge reflecting higher levels of investment in infrastructure and also increased investment in staff as it build the capability to grow the business. Net interest margin improved from 0.70% to 0.75% reflecting lower funding costs although spreads on mortgage lending also narrowed due to a much more competitive mortgage market.

Recent Private Companies Transactions

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