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Principality Building Society
The Principality Building Society ( cy, Cymdeithas Adeiladu'r Principality) is a building society based in Cardiff, Wales. With assets of £10bn it is the largest building society in Wales and the sixth largest in the United Kingdom. Principality Building Society is mutual, which means it is owned by its members rather than shareholders. It serves clients through the internet and telephone as well as at high street branches. It is a member of the Building Societies Association. History 1860-1960 The Society was formed in Cardiff in 1860 under the lengthy name of the Principality Permanent Benefit Building and Investment Society; the “Benefit” was dropped in 1876 when it incorporated under the 1874 Building Society Act, and to its present name in 1913. The trustees were local dignitaries and the directors largely tradesmen and merchants. It did not have its first office until 1870 and although it had an early agency, it remained a small local society. Despite this, the ...
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Building Society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ...
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Shareholders
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liab ...
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Economy Of Cardiff
As the capital city of Wales, Cardiff is the main engine of growth in the Welsh economy; the city has been developing as a significant service centre and economic driver for the wider south east Wales economy. The city and the adjoining Vale of Glamorgan contribute a disproportionately high share of economic output in Wales. The Cardiff travel to work area has grown significantly since 1991; the 2001-based version includes much of the central South Wales Valleys in addition to the Vale of Glamorgan. In the 19th century, the economy of Cardiff benefitted most from coal exportation and steel production. Cardiff's port became the world's most important coal port, handling more than London and Liverpool. Today, Cardiff is a centre for white-collar professions. The city relies principally on the retail, finance, media and tourism sectors, and has been undergoing major regeneration since the late 20th century particularly in Cardiff city centre and Cardiff Bay. Economic data GDP ...
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Organizations Established In 1860
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includin ...
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Banks Established In 1860
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Building Societies Of Wales
A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for a wide number of factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, prestige, and aesthetic reasons. To better understand the term ''building'' compare the list of nonbuilding structures. Buildings serve several societal needs – primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical division of the human habitat (a place of comfort and safety) and the ''outside'' (a place that at times may be harsh and harmful). Ever since the first cave paintings, buildings have also become objects or canvasses of much artis ...
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Aberavon Mutual Permanent Building Society
Aberavon Mutual Permanent Building Society was a building society in the United Kingdom. It is mentioned in the deeds to several properties at the West Glamorgan Archive Service. In January 1974 the society was acquired by the Principality Building Society The Principality Building Society ( cy, Cymdeithas Adeiladu'r Principality) is a building society based in Cardiff, Wales. With assets of £10bn it is the largest building society in Wales and the sixth largest in the United Kingdom. Principali .... References Former building societies of the United Kingdom {{UK-bsoc-stub ...
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Principality Stadium 23 Feb 2016
A principality (or sometimes princedom) can either be a monarchical feudatory or a sovereign state, ruled or reigned over by a regnant-monarch with the title of prince and/or princess, or by a monarch with another title considered to fall under the generic meaning of the term ''prince''. Terminology Most of these states have historically been a polity, but in some occasions were rather territories in respect of which a princely title is held. The prince's estate and wealth may be located mainly or wholly outside the geographical confines of the principality. Generally recognised surviving sovereign principalities are Liechtenstein, Monaco, and the co-principality of Andorra. Extant royal primogenitures styled as principalities include Asturias (Spain). The Principality of Wales existed in the northern and western areas of Wales between the 13th and 16th centuries; the Laws in Wales Act of 1536 which legally incorporated Wales within England removed the distinction between th ...
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Wales Online
Media Wales Ltd. is a publishing company based in Cardiff, Wales. As of 2009 it was owned by Reach plc (formerly known as the Trinity Mirror Group). It was previously known as the Western Mail & Echo Ltd. History The ''Western Mail'' was founded in 1869 by the 3rd Marquess of Bute as a Conservative newspaper. In 1893, the original building in St. Mary Street was destroyed by fire and a new building was opened also in St Mary Street two years later. In 1928 the Western Mail Ltd amalgamated with David Duncan & Sons, who published the ''South Wales Daily News'' and the ''South Wales Echo'', which was established in 1884. The merged company became Western Mail and Echo Ltd. and because of the merger ''Evening Express'' and ''South Wales Daily'' News closed. In 1960, the newspapers left St Mary Street and moved to Thomson House, Cardiff. On 1 October 2007 Western Mail and Echo Ltd changed its name to Media Wales, and in 2008 Media Wales moved from Thomson House in Havelock Str ...
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Principality Stadium
The Millennium Stadium ( cy, Stadiwm y Mileniwm), known since 2016 as the Principality Stadium ( cy, Stadiwm Principality) for sponsorship reasons, is the national stadium of Wales. Located in Cardiff, it is the home of the Wales national rugby union team and has also held Wales national football team games. Initially built to host the 1999 Rugby World Cup, it has gone on to host many other large-scale events, such as the Tsunami Relief Cardiff concert, the Super Special Stage of Wales Rally Great Britain, the Speedway Grand Prix of Great Britain and various concerts. It also hosted FA Cup, League Cup and Football League play-off finals while Wembley Stadium was being redeveloped between 2001 and 2006, as well as football matches during the 2012 Summer Olympics. The stadium is owned by Millennium Stadium plc, a subsidiary company of the Welsh Rugby Union (WRU). The architects were Bligh Lobb Sports Architecture. The structural engineers were WS Atkins and the building con ...
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Connells Group
Connells Limited, trading as Connells Group, is a British estate agency and property services company headquartered in Leighton Buzzard, and a subsidiary of Skipton Building Society. History In 1936 the first Connells estate agency branch was opened in Luton, Bedfordshire. Connells acquired Sequence estate agency in 2003', increasing its estate agency network to around 500 branches. In the same year, Connells acquired estate agency Sharman Quinney. In 2008 Connells Group sold its remaining 18% stake in Rightmove plc. In 2010 Skipton Building Society acquired nearly 100% of Connells Group. In the same year, Connells Group acquired a major shareholding in Vibrant Energy Matters. In 2011 Connells Group acquired a shareholding in the conveyancing and remortgaging panel management services provider LMS Group. In the same year, Connells acquired independent estate agency Burchell Edwards including conveyancing firm Be Legal. In 2012 Connells acquired a 25% strategic stake in res ...
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Estate Agents
An estate agent is a person or business that arranges the selling, renting, or management of properties and other buildings. An agent that specialises in renting is often called a letting or management agent. Estate agents are mainly engaged in the marketing of property available for sale, and a solicitor or licensed conveyancer is used to prepare the legal documents. In Scotland, however, many solicitors also act as estate agents, a practice that is rare in England and Wales. 'Estate agent' remains the current title for the person responsible for the management of one group of privately owned, all or mostly tenanted properties under one ownership. Alternative titles are factor, steward, or bailiff, depending on the era, region, and extent of the property concerned. Origin The term originally referred to a person responsible for managing a landed estate, while those engaged in the buying and selling of homes were "''House Agents''", and those selling land were "Land Agents". ...
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