The Loughborough Building Society made a profit after tax of £384,000 as against £632,000
the previous year and £1,0007,000 in the year before that. Although this is down this is after the estimated levy**
to the FSCS of £480,000 for the failure of the icelandic banks and bradford and bingley (estimated £550,000 over
next 3 years) and £64,000 of bad debt.
was 22.18 million as against 43.25 million the previous year.
TOTAL Assetts £277.9 million previous
year Total Assets £276.9 million
remuneration of £434,000 to achieve a net profit of £384,000 seems a bit steep but in view of the FSCS levy and bad
debts (understandable in current climate) maybe justifiable.