Northern Rock plc - Company Profile and SWOT Analysis by WMIntelligence

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World Market Intelligence's 'Northern Rock plc : Company Profile and SWOT Analysis' contains in depth information and data about the company and its operations. The profile contains a company overview, business description, SWOT analysis, key facts, key employees, as well as information on products and services.

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									Northern Rock plc

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Northern Rock plc                                                         Key Employees
                                                                          Name                      Job Title
Fast Facts
                                   Northern Rock House , Newcastle upon   Jim McConville            Chief Financial Officer
Headquarters Address
                                   Tyne, ENG NE3 4P, United Kingdom
                                                                                                    Customer Service and
                                                                          Lauder
Telephone                          + 44 191 2794676                                                 Sales Director
                                                                          Laurie Adams              Director
Fax                                + 44 191 2798988

                                                                          Mark Pain                 Director
Website                            www.northernrock.co.uk

                                                                          Mary Phibbs               Director
Ticker Symbol, Stock Exchange      N/A

                                                                          Mike Fairey               Director
Number of Employees                N/A

                                                                          Richard Coates            Director
Fiscal Year End                    December

                                                                          Ron Sandler               Chairman
Revenue (in US$ million)           895.38

Revenue (in GBP million)           582.00
                                                                          Company Overview

                                                                          Northern Rock plc (Northern Rock) is a part of
                                                                          Virgin Money. It is a mortgage and savings
                                                                          bank, with focus on residential mortgage loans
SWOT Analysis
                                                                          and retail savings products. The company also
                                                                          distributes household and life insurance
Strengths                          Weaknesses                             products to customers through its insurance
                                                                          services relationships. Northern Rock distributes
Strong banking operations          Higher loan loss impairment charges    deposit, lending and insurance products through
                                                                          more than 70 branches, and postal, telephone
Strong capital adequacy ratio      Overdependence on select region        and Internet channels. As of June 30, 2011, the
                                                                          company’s retail savings and residential
Opportunities                      Threats                                mortgages balances stood at GBP17.00 billion
                                                                          and GBP12.50 billion, respectively. Northern
Growing population in the UK and                                          Rock is headquartered in Newcastle upon Tyne,
                                   Basel III framework
Ireland                                                                   the UK.
Measures to support housing and
                                   Fluctuations in interest rates
mortgage market in UK
                                                                          Key Competitors
New product launches               Mortgage credit loss
                                                                          HSBC Holdings plc (Ticker: HSBA)
                                   Regulatory compliance
                                                                          IMPAC Mortgage Holdings, Inc. (Ticker: IMH)

                                                                          Lloyds Banking Group plc (Ticker: LLOY)

                                                                          Manchester Building Society

                                                                          Nationwide Building Society (Ticker: CEBB)




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Northern Rock plc - SWOT Profile                                                                                 Page 1
Northern Rock plc

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 4
    1.1      Company Overview ................................................................................................................................................4
    1.2      Business Description ..............................................................................................................................................4
    1.3      Major Products and Services .................................................................................................................................5
2     Recent Developments ............................................................................................................................. 6
3     SWOT Analysis ........................................................................................................................................ 8
    3.1      SWOT Analysis - Overview ....................................................................................................................................8
    3.2      Strengths ................................................................................................................................................................8
    3.3      Weaknesses ...........................................................................................................................................................8
    3.4      Opportunities ..........................................................................................................................................................8
    3.5      Threats ...................................................................................................................................................................9
4     Company Statement .............................................................................................................................. 11
5     History .................................................................................................................................................... 14
6     Key Employees ...................................................................................................................................... 15
7     Key Employee Biographies................................................................................................................... 16
8     Locations and Subsidiaries .................................................................................................................. 17
    8.1      Head Office ..........................................................................................................................................................17
    8.2      Other Locations and Subsidiaries ........................................................................................................................17
9     Appendix ................................................................................................................................................ 19
    9.1      Methodology .........................................................................................................................................................19
    9.2      Disclaimer.............................................................................................................................................................19




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Northern Rock plc - SWOT Profile                                                                                                                                            Page 2
Northern Rock plc

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List of Tables

Table 1: Major Products and Services....................................................................................................................................5
Table 2: History.....................................................................................................................................................................14
Table 3: Key Employees .......................................................................................................................................................15
Table 4: Key Employee Biographies ....................................................................................................................................16
Table 5: Locations ................................................................................................................................................................17




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Northern Rock plc - SWOT Profile                                                                                                                                           Page 3
Northern Rock plc

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1 Business Analysis

1.1   Company Overview

Northern Rock plc (Northern Rock) is a part of Virgin Money. It is a mortgage and savings bank, with focus on residential
mortgage loans and retail savings products. The company also distributes household and life insurance products to
customers through its insurance services relationships. Northern Rock distributes deposit, lending and insurance products
through more than 70 branches, and postal, telephone and Internet channels. As of June 30, 2011, the company’s retail
savings and residential mortgages balances stood at GBP17.00 billion and GBP12.50 billion, respectively. Northern Rock
is headquartered in Newcastle upon Tyne, the UK.

1.2   Business Description

Northern Rock plc provides retail savings products and residential mortgage lending solutions. The company is part of
Virgin Money. It is authorized as a deposit taker by the Financial Services Authority (FSA). The company offers savings
accounts to customers in the UK and Ireland and mortgage and insurance products in the UK. Northern Rock classifies its
business operations under three divisions: retail savings, residential mortgage lending, and insurance products.

The retail savings division of Northern Rock provides a diverse range of savings products such as online savings account,
fixed rate bonds with variable interest rates, cash individual savings accounts (ISAs), and branch, phone and postal
savings account. The company offers a range of savings accounts that include E-Saver, Save Up, Rainy Day Saver,
Branch Saver, Branch Saver 90, Business Reserve, Charities Ac
								
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