citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2012 learn how and when to remove this template message post office ltd type state owned limited company industry postal service founded 1986 headquarters post office ltd finsbury dials 20 finsbury street london ec2y 9aq area served united kingdom key people tim parker chairman paula vennells chief executive owner hm government number of employees 7 798 1 parent postal services holding company limited website www.postoffice.co.uk post office ltd welsh swyddfa r post cyf. ; scottish gaelic oifis a phuist is a retail post office company in the united kingdom that provides a wide range of products including postage stamps and banking to the public through its nationwide network of post office branches . the company is owned by the british government s department for business innovation and skills through postal services holding company limited . 2 contents 1 history 2 services 2.1 postal services 2.2 financial services 2.3 branch banking 2.4 bill payments 2.5 telephony 2.6 id services 2.7 post office saving stamps 2.8 other services 3 post offices not open to the public 4 controversies 4.1 horizon payment system errors 4.2 refusal to pay out travel insurance 5 see also 6 references 7 external links history edit post office branches along with the royal mail delivery service were formerly part of the general post office and later the post office corporation . post office counters ltd was created as a wholly owned subsidiary of the post office corporation in 1986 . after the post office corporation was renamed royal mail group in 2001 post office counters ltd became post office ltd. 3 post office ltd has in recent years announced losses ; a reported 102 million in 2006 . this has raised many concerns in the media regarding post office ltd s ability as a company to operate efficiently . 4 plans to cut the 150m a year subsidy for rural post offices led to the announcement that 2 500 local post offices were to be closed . this announcement resulted in a backlash from local communities that relied on the service . a branch of w h smith in hounslow incorporating a post office in 2007 the government gave a 1.7 billion subsidy to royal mail group so that it could turn a profit by 2011 . this was to be used to invest across the whole network of royal mail post office ltd and parcelforce . 85 crown post offices were closed 70 of which were sold to whsmith . this followed a trial of six post office outlets in whsmith stores . whsmith was expected to make up to 2.5 million extra in annual profit . 2 500 sub post offices closed between 2008 and 2009 . redundancy packages were provided from public funding subpostmasters were paid over 20 months salary roughly 65 000 each . 5 in november 2010 the government committed 1.34 billion of funding up to 2015 to post office ltd to enable it to modernise the post office network . 6 as part of the postal services act 2011 post office ltd became independent of royal mail group on 1 april 2012 . 7 a ten year inter business agreement was signed between the two companies to allow post offices to continue issuing stamps and handling letters and parcels for royal mail . 8 the act also contained the option for post office ltd to become a mutual organisation in the future . 9 on 8 february 2013 post office ltd announced it was planning to move around seventy of its crown post offices into shops . this would reduce the crown network which it stated was losing 40 million a year to around 300 . 10 on 27 november 2013 the government committed an additional 640 million of funding for 2015 to 2018 to allow post office ltd to complete its network modernisation . 11 services edit central post office in oxford oxfordshire central post office in otley west yorkshire there are currently around 11 500 post office branches across the uk of which 300 are directly managed by post office ltd known as crown offices . the majority of other branches are either run by various franchise partners or local subpostmaster or operators who may be members of the national federation of subpostmasters or the cwu postmasters branch as sub postoffices . the post office has a wide variety of services throughout the network of branches . products and services available vary throughout the network ; main post offices generally provide the full range of services . in towns post offices are usually open from around 09 00 to 17 30 from monday to friday and from 09 00 to 12 30 on saturday . in some country areas opening hours are much shorter perhaps only four hours per week . citation needed in some villages an outreach service is provided in village halls or shops . there are also mobile post offices using converted vans which travel between rural areas . 12 13 many post offices are shut on sundays and bank holidays . postal services edit interior of a post office showing available merchandise the post office provides information on services and accepts postal items and payment on behalf of the two collection and delivery divisions of royal mail group royal mail and parcelforce . these include a variety of ordinary and guaranteed services both for delivery within the united kingdom and to international destinations . postage stamps including commemorative stamps and other philatelic items are sold while applications for redirection of mail are accepted on behalf of royal mail . post office local collect is a scheme whereby undelivered mail can be redirected at customer request to a post office for convenient collection . poste restante mail can also be held for collection by people travelling . financial services edit main article post office money the post office provides credit cards current accounts insurance products mortgages and personal loans through the post office money umbrella brand which was launched in 2015 . most post office money branded products are provided by bank of ireland uk plc with post office ltd acting as an appointed representative and credit broker . branch banking edit a mobile post office in borrowby north yorkshire . personal banking services are offered on behalf of a number of partner banks that the post office has agreements with . although different services are available on behalf of different institutions these may include cash withdrawals paying in cash and cheques balance enquiries and cheque encashment . some post offices also have cash machines mainly provided by bank of ireland . business banking services are also offered mainly through santander the successor to alliance & leicester commercial bank prior to that the post office girobank . bill payments edit post office in corsham wiltshire a number of bill payments can be accepted on behalf of a variety of organisations including utilities local authorities and others . these can be in the form of automated payments barcoded bills swipe cards key charging or manual transactions through the alliance & leicester transcash system . 14 the name transcash was formerly used by girobank . the transcash service is not advertised and a search for transcash on the post office website returns no results . however transcash forms still marked girobank were still available at post office counters in october 2010 . telephony edit the post office operates as a provider of a home landline telephone service branded as post office homephone and has recently added broadband internet to its portfolio . mobile phone e top up is available on behalf of most networks . post office branded prepay phonecards are available offering potential savings particularly on international call rates . id services edit a passport check and send service is available for passport applications but is not affiliated with hm passport office . check and send service is not guaranteed service . 15 post office used to do a check and send with dvla for the photocard driving licence . some branches now offer a photocard driving licence renewal service . 16 fishing licences are issued on behalf of the environment agency from branches in england and wales . selected branches issue international driving permits . post office saving stamps edit post office savings stamps were first introduced by henry fawcett in the 1880s but were phased out in the 1960s . these were re introduced in august 2004 because of consumer demand . in 2010 saving stamps were withdrawn and replaced by the budget card . other services edit national lottery games and scratchcards sale and encashment of postal orders foreign currency exchange and travel money card sales of gift vouchers redeemable at certain high street merchants postpak fast drop drop and go post offices not open to the public edit seven post office branches are not open to the public 17 court buckingham palace house of commons portcullis house royal automobile club 89 pall mall london the scottish parliament windsor castle 20 finsbury street london ec2y 9aq . post office hq controversies edit horizon payment system errors edit main article horizon it system in april 2015 the bbc described a confidential report that alleged that the post office had made failings . 18 the article claimed that an independent investigation by forensic accountants second sight had found that the post office had failed to identify the root cause of the accounting shortfalls in many cases before launching court proceedings against sub postmasters . 19 the shortfalls could have been caused by criminals using malicious software by it systems or by human error the report said . an earlier article 20 by the bbc had claimed that a confidential report contained allegations that the post office had refused to hand over documents that the accountants felt they needed to investigate properly that training was not good enough that equipment was outdated and that power cuts and communication problems had made things worse . the post office has claimed that their system was not at fault . refusal to pay out travel insurance edit in september 2015 the post office experienced controversy when it refused to pay out travel insurance to repatriate a body because the deceased had written the wrong date for a historical operation . the post office refused to comment . this forced the family to attempt to raise the money to repatriate the body through crowdfunding . 21 see also edit penny post credit union 1st class credit union references edit the post office network report 2012 pdf . the post office . retrieved 20 december 2013 . policy ensuring the future of the universal postal service and post office network services . gov.uk . 2013 . retrieved 3 october 2013 . company details post office ltd . companies house . 2012 . retrieved 5 september 2012 . 1 the times article analysing post office losses . http www.publications.parliament.uk pa cm200607 cmselect cmtrdind 593 593.pdf future strategy . bis.gov.uk . mackie lindsey ; glasman maurice 30 march 2012 . this cynical royal mail and post office divorce will bring only misery . the guardian . london gmg . issn 0261 3077 . oclc 60623878 . retrieved 5 september 2012 . post office ltd hope christopher 24 january 2012 . fear of mass post office closures averted as royal mail agrees 10 year lifeline . the telegraph . building a mutual post office department of business innovation and skills retrieved 8 december 2012 up to 70 crown post offices to be moved into shops . bbc news . post office secures additional government investment to complete branch modernisation . bis.gov.uk . http www.royalmail.com personal help and support post office mobile service flickr https www.flickr.com photos 61649287 n03 6296006870 http www.copy house.co.uk downloads pdf al billpaybrochure.pdf http www.postoffice.co.uk passport check send