Post Office Limited

Post Office Limited, formerly Post Office Counters Limited, is a state-owned retail post office company in the United Kingdom. It provides a wide range of postal and non-postal related products including postage stamps, banking, insurance, bureau de change and identity verification services. Most of these branch post offices (c. 99%) are run by franchise partners or by independent business people known as subpostmasters. Post Office Limited directly manages the remaining 1% known as Crown post offices. A public enquiry has been under way into the company's actions which led to between 700 and 900 subpostmaster being wrongfully prosecuted for financial crimes. The Criminal Cases Review Commission has described this as "the biggest single series of wrongful convictions in British legal history" The company is insolvent and unable to meet its future debts. In November 2010, the government committed £1.34 billion of funding up to 2015 to Post Officelimited to enable it to modernise the Post Office network. In June 2015, Post Office launched its own mobile network service, virtual operator Post Office Mobile. In August 2016, the company decided "to conclude the trial as the results did not give us sufficient confidence that our goal of commercial sustainability will contribute"