Annual reports

The annual network report for 2009 was published in October.  It is produced to meet our statutory duties under Section 42 of the Postal Services Act 2000. 

Key points from the report:

  • By the end of March 2009, there were 11,952 post office branches in the UK, compared to 13,567 at the end of March 2008; 
  • During 2008/09 Post Office Limited completed the Network Change Programme and retained the Post Office Card Account – two  major challenges;
  • The Network Change Programme resulted in the compensated closure of 2,432 post offices and, according to Post Office Ltd, savings of £45m per year; and
  • Post Office Ltd made a profit of £41m for the year ending March 2009, a figure which includes a £150m annual subsidy from the Government (available until 2010/11).  Post Office Limited’s operating profit improved by £75m - from a loss of £34m in 2007-08.  This means that Post Office Limited is on track to meet a goal set out in its current 5-year strategic plan to return to profitability by 2011.

Related documents:

14 October 2009 - network annual report
Postcomm's ninth annual report on the network of post offices 2008/09 (pdf, 894KB) 

Previous annual reports on the Post Office network: