PIBS and Newcastle B/S Experts Help Needed

[ETROL]

I have a 5 year bond earning 4.5% with Newcastle Building Society. Problem is that it exceeds the 85k deposit guarantee limit. I can withdraw from the Newcastle (120 Days no penalty) but I would not get these flexible terms now

So my question relates to how safe is the Newcastle?
Their balance seems to show that the majority of its liabilities are shares (3.5 Billion I think). Surely this would provide a huge buffer in case of difficulties?
Is this what happened in the case of West Bromwich B/S when it restructured?
So what do you think? How safe is the Newcastle

[snafu]

Another question, can you move/transfer your 5 yr., 4.5% bond to another savings institution without cashing it in?