Structure
Post Office Ltd, along with postal service Royal Mail, was formerly part of the General Post Office. Post Office Ltd became a wholly owned subsidiary of Royal Mail in 1986, under the name Post Office Counters Ltd, becoming Post Office Ltd in 2001. As part of the Postal Services Act 2011, Post Office Ltd became independent of Royal Mail on 1 April 2012. The Act also contains the option for Post Office Ltd to become a mutual organisation in the future.
There are currently around 12,000 Post Office branches across the UK, of which 373 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 agents (who may be members of the National Federation of SubPostmasters), as "sub-postoffices".
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Famous quotes containing the word structure:
“A committee is organic rather than mechanical in its nature: it is not a structure but a plant. It takes root and grows, it flowers, wilts, and dies, scattering the seed from which other committees will bloom in their turn.”
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