Skipton Building Society
 |
|
| Mutual | |
| Industry | Financial services |
| Founded | 1 May 1853 (Skipton) 1845 (Chesham) |
| Headquarters | Skipton, England, UK |
|
Number of locations
|
98 (excluding Connells) |
|
Key people
|
David Cutter, Chief Executive |
| Products | Financial services |
| Total assets | £17.5 billion GBP (December 2015) |
|
Number of employees
|
1772 |
| Website | www |
The Skipton Building Society is a building society in the United Kingdom (also known as a mutual lending and savings organisation as it is owned by the members). It is a member of the Building Societies Association.
The Society was established in 1853 in Skipton, North Yorkshire, where it remains headquartered. It is the UK's 4th largest building society and has over 838,087 members and 100 branches. Its pre-tax profit was £146.9 million for 2015. The Society has several subsidiary companies, mostly in the financial services industry These include Connells Group, one of the largest estate agency networks in the UK with 542 branches across the country. In 2010, it merged with the Chesham Building Society, founded in 1845, which was at the time the world's oldest surviving building society.
Mortgage and savings - Amber and North Yorkshire Mortgages
Estate Agency - Connells Group
Financial Advice - SFS
Investment Portfolio - includes, Jade Software Corporation and others
1853 - The Skipton Permanent Benefit Building Society is established at a public meeting in Skipton, West Riding of Yorkshire, held at the old Town Hall (now a pizzeria). Samuel Farey (1822-1895) a cotton mill owner and George Kendall, a timber merchant, are amongst the founders of the Society. They are benevolent, wealthy industrialists who have prospered from the Industrial Revolution of the 1800s, establishing the new Society as a safe place to deposit savings, with a return on investment offered.
1854 - First Annual Meeting of Skipton and District Permanent Benefit Building Society is held. The Society has 223 Members and £2,951.16s.8d in balances.
1879 - 1,185 members, £47,129 balances.
1892 - Head Office moves to 11 Newmarket Street from its home at the Old Post Office.
1895 - Samuel Farey dies, aged 73.
1903 - The Society becomes incorporated. It now boasts 1,532 Members and £82,305 in balances.
1921 - The Head Office moves a few yards along the street to numbers 5 & 7 Newmarket Street, Skipton.
1922 - Branches open in Nelson, Blackpool and Lytham, soon followed by branches in other towns and cities.
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Wikipedia