Total announces change to Plc status and Company name
Total announced today that the Company has begun the process of converting to a Public Limited Company (Plc). In the coming months, a change of image, branding and company name will accompany the new era for Total as the Company makes the transition.
For years the Company has been recognised as Total Postweigh International Ltd, and this name had a great deal of meaning when the majority of business was related to the manufacture of price calculating postal scales, for which Total was (and continues to be) very successful.
However, with the passage of time, Total’s business has changed and developed beyond previous recognition. The Company continues to manufacture as many postal scales for customers and dealers in the UK and worldwide, but the tremendous growth experienced by the Company has come from other mailroom machine sales with massive tenders won for the supply of letter openers, shredders and frankers, as well as notable contracts for the supply of maintenance (both for Total’s own products, and original equipment manufacturer – OEM – products). Customers require a single source of supply of labour to maintain all their mailroom and print finishing equipment, which Total delivers, and this has developed into a multi million pound contract customer base for the Company. With new developments in a range of compatible franker supplies, managed contracts for all forms of office equipment, and an increase in heavy duty letter opener contracts, not to mention the provision of disaster recovery services and peak load outsourcing of mail processing, Total’s growth continues at an astonishing rate.
The Company’s shareholders and Directors have decided that the new Company name should reflect the present business profile, and also wish to demonstrate their financial confidence in the business and its continued success by converting to Plc status with the consequent major increase in authorised and issued share capital to comply with Plc requirements. All areas of Company documentation, web information and marketing, sales and service documentation, will be changed over the next few months; in the interim, the Company will retain both names to denote continuity.
The new name will be TOTALPOST Services Plc.
Total Postweigh International Ltd (Total) is a well-established and successful business that has long experience in the supply of products and services to the mailroom / office equipment industry sector. As a result of a significant growth strategy over the last few years, the Company now supplies products and services across a number of different industries in both the public and private sectors. Clients include the Ministry of Defence, HM Revenue & Customs (HMRC), leading banks & building societies and utility companies. For more information, visit Total on the Internet: www.postweigh.com