Post Office (UK)


The Post Office was separated out in 2012 as a standalone business in anticipation of the IPO the following year of former parent Royal Mail Group. Still state-controlled, it is Britain's biggest retailer, operating a national chain of 11,630 post offices, more than all the country's high street banks combined. All but around 325 branches are independently owned and are run on an agency basis by licensed subpostmasters. The Post Office has been redefining itself in the wake of massive reductions in revenues following the loss of a succession of government contracts from social security payments to vehicle tax discs. The business now offers more than 170 products, including banking, insurance and travel services under the Post Office Money banner and low-cost phone and broadband connections. However, its biggest revenue stream remains postal services in a continuing partnership with Royal Mail. Revenues for the year to Mar 2015 were £976m. Paula Vennells is CEO. Adbrands does not currently profile this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.

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Who are the competitors of Post Office? See Financial & Insurance Sector for other companies 

Capsule checked 12th April 2016

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