Nottingham Building Society
 | |
 A branch of the Nottingham Building Society on Clumber Street in Nottingham | |
| Formerly | Nottingham Permanent Benefit Building Society |
|---|---|
| Company type | Building society (mutual) |
| Industry | Financial services |
| Founded | 1849 |
| Headquarters | Nottingham, England, UK |
Number of locations | 31 |
Key people |
|
| Products | Savings, mortgages, investments, insurance |
| Revenue |  £88.4million (2024) |
| £24.1million (2024) | |
| £13.9million (2024) | |
| Total assets | £5,226.7 million (2024) |
| Total equity | £253.3 million (2024) |
Number of employees |
|
| Website | Lua error in Module:Official_website at line 94: attempt to index field 'wikibase' (a nil value). |
Nottingham Building Society is a building society in the UK, with its headquarters in Nottingham, England. It is a member of the Building Societies Association. At December 2024, the Society had total assets of more than £5 billion.[1]
History
[edit | edit source]The Society was founded by a group led by Samuel Fox (1781–1868), a Quaker and prominent local grocer, in 1849.[2][a]
The society's proposed purchase of a software system faced difficulties in 1992 because of the failing financial circumstances of the system's supplier, Eurodynamics Systems. In the course of a dispute between the society and Eurodynamics regarding non-payment of a number of disputed invoices, the software contract was terminated, both parties arguing that the other was in repudiatory breach of its contractual obligations. In responding to the society's request for an interim injunction compelling the supplier to provide the software, the judge, Chadwick, J (as he then was) sought to maintain the legal path which posed "the least risk of injustice" to the parties, deciding in favour of Nottingham Building Society.[3] Reference to "the least risk of injustice" has since been made in other legal cases.[4]
Notes
[edit | edit source]- ^ Fox had been running a savings scheme with Louisa (Lucy Maria) Woods since the 1830s for students at their Adult School.
References
[edit | edit source]- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ RICS, Cases - Nottingham Building Society v Eurodynamics Systems, published in 1993, accessed on 6 October 2024
- ^ England and Wales High Court (Technology and Construction Court), Lancashire Care NHS Foundation Trust & Anor v Lancashire County Council [2018] EWHC 200 (TCC), paragraph 43, delivered on 8 February 2018, accessed on 6 October 2024
External links
[edit | edit source]
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