The Post Office says its 370-branch crown network is losing £37million a year, which cannot be sustained.
The Post Office is committed to keeping branches on high streets across the UK. We know from decades of experience that the best way to do this for 70 of our Crown branches is to partner with a suitable retailer. We have announced our plans to seek a partner with whom to operate our Holywell branch.
– Post Office spokesperson
In Wales we are seeking partners to help run our branches in Holyhead, Llangefni, Holywell, Rhyl, Port Talbot, Neath, Morriston (Swansea) and Carmarthen. There are currently 20 Crown Post Offices in Wales out of a network of over 950 branches, therefore around 98% of the total network in Wales already operate successfully through franchises and agreements with retailers of this type.