Annual report and accounts 2007

28 April 2008

Equiniti Enterprises started trading on 30 September 2007 with the acquisition of Lloyds TSB Registrars.

The acquisition of Lloyds TSB Registrars on 30 September 2007 was an asset purchase  for a headline consideration of £550m.

During the period 1 October to 31 December 2007, turnover was £40.1m, with operating profit of £5.6m and a loss before tax of £9.4m.

During the period following 30 September 2007, the company focused on completing the activities required to separate the business from Lloyds Group plc, and continued the implementation of of a significant IT project which had commenced with lloyds TSB Registrars under the ownership of Lloyds TSB Group plc.

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