Earl Shilton grows mortgage balances to £107m

Michael Lloyd

June 10, 2019

Earl Shilton Building Society has reported its total mortgage balances grew to a record of £107m over the course of the last financial year.

The society, which has branches in the Leicestershire town of Earl Shilton and the neighbouring village of Barwell, saw its total assets rose to £137.4m, gross mortgage advances of £19.6m in the year, and a recommendation rating of 97%.

Paul Tilley, chief executive of esbs, said: “I am very pleased with how the society has performed throughout the past financial year.

“As a mutual organisation, the society serves its members, and their best interests are at the heart of everything that we do.

“We would like to thank members for their continued support as we would not be able to operate without them.”

Profit before taxation was in excess of £500,000, much of which will be added to the society’s reserves, which it said is to maintain financial stability and enable continued investment in its products and services.

Included among the investments made by the society over the past year was a major refurbishment of its Barwell branch, which was completed in June 2018, and a revamping of its branding.

The society has a new strapline, “as individual as you”, introduced to express the individuality of the society’s products, services and members.

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