Swansea Constructing Society has been named as winner of the Medium to Massive Enterprise class at this yr’s Swansea Bay Enterprise Awards.
The award was introduced to Swansea Constructing Society’s CEO, Alun Williams, on the prestigious annual awards ceremony held on the Brangwyn Corridor in Swansea on the night of Thursday, September 15, 2022.
The Swansea Bay Enterprise Awards cowl the Swansea Bay Metropolis Area, incorporating the native authority areas of Swansea, Neath Port Talbot, Carmarthenshire, and Pembrokeshire. They have fun the achievements of the gifted and profitable people, corporations and entrepreneurs that work throughout the area.
The awards function 11 particular person classes, with the addition of two awards given for total Firm of the 12 months and a Judges’ Alternative Award for a agency that has demonstrated distinctive progress.
Based in 1923, Swansea Constructing Society this yr noticed its complete property attain £500m. With a decided dedication to the excessive road, the constructing society continues to increase its employees numbers, premises, and availability to clients, whereas not too long ago investing £1m in bettering its IT infrastructure.
Ranked probably the most worthwhile mutual of its measurement within the sector, it stays one of many few monetary establishments within the UK that receives no wholesale funding or assist from the Financial institution of England within the type of low cost funding. Its stability sheet is funded completely by buyer financial savings balances and its personal capital reserves constructed up from retained income over a few years.
The Medium to Massive Enterprise class is open to all corporations within the Swansea Bay Area with 25 or extra workers. Successful the award recognises Swansea Constructing Society’s progressive merchandise, providers and processes, in addition to its enlargement into new markets and totally different areas of enterprise exercise. It additionally recognises the work accomplished by the Society to mitigate the impression of Covid-19 on individuals, processes and revenue, in addition to rewarding the enterprise’s long-term planning and funding, and its work in supporting the broader group.
Alun Williams, CEO of Swansea Constructing Society, stated:
“Successful this award means an ideal deal to the entire group at Swansea Constructing Society and displays the onerous work everybody on the Society places in. As a mutual, our goal is all the time to make the best choices and investments for our members. It’s nice, due to this fact, that this award highlights the work we’ve got accomplished over the previous couple of years to assist the communities we serve by preserving our branches open and making important donations to charities and group teams all through a really tough time for them.
“As ever, we’ll proceed to innovate our services, and increase our group and presence the place we will, all the time with the objective of serving to extra individuals plan their funds and get the mortgages they should construct a safe future.”
