Nottingham Building Society is a

building society A building society is a financial institution owned by its members as a mutual organization, which offers banking institution, banking and related financial services, especially savings and mortgage loan, mortgage lending. They exist in the Unit ...

in the UK, with its headquarters in

Nottingham Nottingham ( , East Midlands English, locally ) is a City status in the United Kingdom, city and Unitary authorities of England, unitary authority area in Nottinghamshire, East Midlands, England. It is located south-east of Sheffield and nor ...

, England. It is a member of the

Building Societies Association The Building Societies Association (BSA) is the trade body that represents all building societies and several large credit unions in the United Kingdom. It was established in 1869 under the original name Building Societies Protection Association, ...

. At December 2024, the Society had total assets of more than £5 billion. The Society was founded in 1849 by a group led by Samuel Fox (1781–1868), a

Quaker Quakers are people who belong to the Religious Society of Friends, a historically Protestant Christian set of denominations. Members refer to each other as Friends after in the Bible, and originally, others referred to them as Quakers ...

and prominent local grocer. The purpose of the society was to promote the construction of a better class of dwellings, suitable for the working and middle classes, as well as provide a safe and profitable place for small savings. Nottingham Building Society was one of the first financial institutions to introduce

online banking Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institut ...

in 1983, with its 'Homelink' service on

Prestel Prestel was the Brand#Brand names and trademark, brand name of a videotex service launched in the UK in 1979 by BT Group#Post Office Telecommunications, Post Office Telecommunications, a division of the British Post Office Limited#History, Po ...

Branches

The society currently has 31 branches across nine counties, mainly across

Nottinghamshire Nottinghamshire (; abbreviated ''Notts.'') is a ceremonial county in the East Midlands of England. The county is bordered by South Yorkshire to the north-west, Lincolnshire to the east, Leicestershire to the south, and Derbyshire to the west. Th ...

, but there is also a significant presence in

Leicestershire Leicestershire ( ) is a Ceremonial counties of England, ceremonial county in the East Midlands of England. It is bordered by Derbyshire, Nottinghamshire and Lincolnshire to the north, Rutland to the east, Northamptonshire to the south-east, Warw ...

Derbyshire Derbyshire ( ) is a ceremonial county in the East Midlands of England. It borders Greater Manchester, West Yorkshire, and South Yorkshire to the north, Nottinghamshire to the east, Leicestershire to the south-east, Staffordshire to the south a ...

and

Lincolnshire Lincolnshire (), abbreviated ''Lincs'', is a Ceremonial counties of England, ceremonial county in the East Midlands and Yorkshire and the Humber regions of England. It is bordered by the East Riding of Yorkshire across the Humber estuary to th ...

Legal case

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 An injunction is an equitable remedy in the form of a special court order compelling a party to do or refrain from doing certain acts. It was developed by the English courts of equity but its origins go back to Roman law and the equitable rem ...

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. Reference to "the least risk of injustice" has since been made in other legal cases.England and Wales High Court (Technology and Construction Court)
Lancashire Care NHS Foundation Trust & Anor v Lancashire County Council [2018
/nowiki> EWHC 200 (TCC)">/nowiki>2018">Lancashire Care NHS Foundation Trust & Anor v Lancashire County Council [2018
/nowiki> EWHC 200 (TCC) paragraph 43, delivered on 8 February 2018, accessed on 6 October 2024

Notes

References

External links

*
Thames Television 'Database' Show - Homelink System Segment (1983)
Building societies of England Banks established in 1849 Organizations established in 1849 Companies based in Nottingham 1849 establishments in England {{UK-bsoc-stub