adeiladu r principality type building society mutual industry banking and financial services founded 1860 headquarters cardiff wales number of locations 71 key people graeme yorston chief executive laurence adams chairperson products savings mortgages investments revenue gbp 141.8 million 2015 gbp 140.4 million 2014 net income gbp 37.7 million 2015 gbp 52.3 million 2014 total assets gbp 7584 million 2015 gbp 7265 million 2014 number of employees 1 119 website www.principality.co.uk the principality building society welsh cymdeithas adeiladu r principality also known simply as the principality is a welsh building society based in cardiff the capital of wales . with assets of 7bn it is the largest building society in wales and the sixth largest 2 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 . contents 1 history 1.1 mergers and acquisitions 2 operations 3 subsidiaries 4 references 5 external links history edit the principality buildings in queen street cardiff the headquarters of the principality building society it was founded in 1860 in cardiff by william sanders as a mutual building society . 3 in 1914 the principality buildings were built to house the society and remain the headquarters of the society . in january 1974 the society acquired the aberavon mutual permanent building society . principality acquired parkhurst and peter alan estate agents in 1987 and the merged entity was later sold to connells group for 16.4 m in 2014 . 4 a site for a new head office to accommodate the expanding business was acquired in 1989 and principality house in the friary was opened in 1992 . 5 6 the company acquired loan link limited in 2004 . this gave nemo personal finance ltd a subsidiary the opportunity to launch in 2005 . in 2013 the company acquired mead property services covering buckinghamshire berkshire and oxfordshire and thomas george covering cardiff and south wales . on the 8th of september 2015 principality building society announced that they had purchased the naming rights to the millennium stadium in a 10 year deal . from 1 january 2016 it will be known as the principality stadium . 7 graeme yorston principality s group chief executive is also hrh prince of wales s ambassador for business . 8 mergers and acquisitions edit the following building societies merged into the principality building society bridgend building society in 1959 urban building society in 1962 maesteg permanent benefit society in 1968 aberavon mutual permanent building society in 1974 swansea & carmarthen building society in 1974 llanelli permanent building society in 1977 district building society in 1978 gorseinon building society in 1979 chatham building society in 1985 operations edit the principality branch network shrewsbury branch newport branch barry branch it has over 70 branches across wales and some over the english border and employs around 1 250 people . in 2005 it expanded into personal loans with the creation of a new company called nemo personal finance ltd. in the same year as launching nemo loans principality revamped its image . it won the 2005 business of the year award for wales and the west country . the assets of the group increased to 4.4 bn in the same year and to 6.7 bn in 2012 . in february 2016 after the principality failed to find a buyer nemo personal finance was closed to new lending causing more than 60 redundancies 9 subsidiaries edit nemo personal finance mead property management thomas george lettings agent ... references edit principality hq gets branded interior makeover . rpa group . 2015 12 17 . retrieved 2016 04 02 . http www.principality.co.uk en about us media centre 20130731 principality grows to sixth largest building society in the uk.aspx http www.angelfire.com ga bobsanders cdff3.html peter alan poised for growth under new owner . newsco insider limited . 28 august 2014 . retrieved 27 september 2015 . mergers and name changes pdf . extract from bsa yearbook 2013 14 . building societies association . 4 october 2013 . retrieved 2 december 2013 . our history . www.principality.co.uk . retrieved 2016 03 27 . millennium stadium to be renamed principality stadium in historic naming rights deal with wru . wales online . retrieved 27 september 2015 . principality appoints graeme yorston as new group chief executive . principality building society 01 august 2012 . 13 october 2015 . http www.walesonline.co.uk business business news principality building society came close 10869172 external links edit wikimedia commons has media related to principality building society . principality building society building societies association kpmg building societies database 2008 nemo personal finance ltd thomas george letting agents mead property management v t e independent building societies in the united kingdom bath beverley buckinghamshire cambridge chorley coventry cumberland darlington dudley earl shilton ecology furness hanley economic harpenden hinckley and rugby holmesdale ipswich leeds leek united loughborough manchester mansfield market harborough marsden melton monmouthshire national counties nationwide newbury newcastle nottingham penrith principality progressive saffron scottish skipton stafford railway swansea teachers tipton & coseley vernon west bromwich yorkshire v t e economy and industry of cardiff company and organisation headquarters 118 118 admiral group bbc cymru wales brains brewery coffee 1 clark s pies cube interactive iqe itv wales julian hodge bank media wales peacocks peski records placid casual principality building society see monkey do monkey s4c the barcud derwen group advanced transport systems veritair wjec wales social partners unit welsh national opera company and organisation major locations atradius asda stores british airways engineering british gas british telecom deloitte eversheds hbos ing direct j. sainsbury plc legal & general lloyds tsb nhs wales tesco stores ltd. the aa swalec zurich financial services major public sector employers cardiff and vale university health board cardiff bus cardiff council cardiff university coleg glan hafren department of trade and industry hm revenue and customs national assembly for wales commission university of glamorgan university of wales institute cardiff welsh assembly government retail shopping st. david s queens arcade capitol centre howells the hayes castle quarter central market victorian arcades retail parks cardiff bay retail park capital retail park hospitality hotels angel st david s hotel & spa copthorne marriott hilton royal restaurant quarters red dragon centre eastside mermaid quay regeneration and development cardiff bay cardiff international sports village cardiff international pool cardiff bay development corporation st. david s 2 leckwith development tourism wales millennium centre st fagans national history museum national museum cardiff castle cardiff story castell coch cardiff bay visitor centre insole court senedd techniquest major events cardiff big weekend 1958 commonwealth games fa cup heineken cup 2012 olympics rugby world cup 1991 1999 2007 2015 national eisteddfod six nations the ashes tsunami relief cardiff urdd eisteddfod wales rally gb sparks in the park round table fireworks michael forever the tribute concert 19th and 20th centuries bank of wales cardiff docks coal exchange glamorganshire canal south wales coalfield taff vale railway tiger bay retrieved from https en.wikipedia.org w index.php title principality building society & oldid 743724958 categories economy of cardifforganisations based in cardifforganizations established in 1860companies based in cardiff1860 establishments in walesbuilding societies of waleshidden categories pages using infobox company with unsupported parametersarticles 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