Royal Mail facts for kids
|Type||Public limited company|
|Traded as||LSE: RMG|
|Industry||Postal services, courier|
|When it was created||1516|
London, United Kingdom100 Victoria Embankment, London, EC4Y 0HQ
|Area served||United Kingdom / Worldwide|
|Key people||Les Owen
(Group Chief Executive Officer)
|Services||Letter post, parcel service, EMS, delivery, freight forwarding, third-party logistics|
|Money earned||£10,172 million (2018)|
|Operating income||£66 million (2018)|
|Net income||£258 million (2018)|
|Subsidiaries||General Logistics Systems|
The Royal Mail (Welsh: Post Brenhinol; Scottish Gaelic: a' Phuist Rìoghail) is a postal service and courier company in the United Kingdom, originally established in 1516. The company's subsidiary, Royal Mail Group Limited, operates the brands Royal Mail (letters) and Parcelforce Worldwide (parcels). General Logistics Systems, an international logistics company, is a wholly owned subsidiary of Royal Mail Group. For a brief period in the early 2000s, the group used the name Consignia before reverting to its original name.
The company provides mail collection and delivery services throughout the UK. Letters are deposited in a post box, taken to a post office, or collected in bulk from businesses. Royal Mail owns and maintains the UK's distinctive red pillar boxes, first introduced in 1852, many of which bear the initials of the reigning monarch. Deliveries are made at least once every day except Sundays and bank holidays at uniform charges for all UK destinations. Royal Mail generally aims to make first class deliveries the next business day throughout the nation.
For most of its history, the Royal Mail was a public service, operating as a government department or public corporation. However, following the Postal Services Act 2011, a majority of the shares in Royal Mail were floated on the London Stock Exchange in 2013. The UK government initially retained a 30% stake in Royal Mail, but sold its remaining shares in 2015, ending 499 years of public ownership. It is a constituent of the FTSE 250 Index.
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Royal Mail Facts for Kids. Kiddle Encyclopedia.