Wool-ich. I was actually born and raised in Woolwich, south-east London so I'm qualified to know. ;-)
They were formed in 1886 by the woolich arsenal armourment factory.
Woolwich is a building society. It has products such as current accounts, savings accounts, mortgages and loans. It is one of the best known building societies in the UK.
Her Majesty Queen Elizabeth II supports premiership team 'Arsenal' formerly 'Woolich Arsenal' as did her Mother Queen Elizabeth the Queen Mother, wife of King George VII, as it is one of her closest teams and at the heart of British culture, even though the players are definitely are not now. HRH Prince Harry also supports said team, although his brother HRH Prince William does not. He supports Aston Villa. And their father, HRH Prince Charles, also differs from the establishment slightly as he supports Burnley FC The Queen is a real 'Gunner/ Gooner' as she recently invited the whole Arsenal team to tea.