Postcomm's tenth annual report on the network of post office

[POSTMAN]

Postcomm's latest annual post office network report was published today and is available HERE The purpose of the report is to fulfill Postcomm’s statutory duties under Section 42 of the Postal Services Act 2000 to give information and advice on the post office network.



Some key facts in the report are highlighted below:



· The number of post offices is 11,905, down 47 from the previous year. The network includes 772 outreach points.

· Post Office Ltd complies with, and in fact exceeds, the Government’s access criteria which seek to ensure reasonable access to post office services for everyone in the UK.

· Post Office Ltd is in profit - when the government payment of £150 million per year is included as revenue - for the second year running. In the financial year ending March 2010, Post Office Ltd made a profit of £72 million, compared with a £41 million profit the previous year.

· Post Office Ltd’s profit has been achieved despite a reduction in product revenue of £80 million, £1,031 million this year against £1,111 million last year



Our tenth report also looks back at some of the main events occurring in the post office network between 2000 and 2010:



· The number of post offices has decreased from 17,845 in 2000-01 to 11,905 in 2009-10.

· Over the last 10 years there has been a decline in revenue from government services and in particular from the Benefits Agency since 2003. In parallel, the range of post office products has widened and financial services have taken over from government services as the second biggest contributor to Post Office Ltd’s revenue.



For related information and documents please visit Postcomm’s website at: http://www.psc.gov.uk/universal/post_offices" onclick="window.open(this.href);return false;



In the interest of value for money and environmental considerations, Postcomm has not produced hard copies of the annual network report this year. If you experience any problems downloading the document, please contact us and we can provide a hard copy on request.



Kind regards

Postcomm