Welcome to Lloyd's Register's webstore. To browse through our products please use the links on the left hand side, or the search function at the top of the page. We are always interested in your feedback, so please feel free to email us with your comments on how we. Sep 28, 2017 Lloyd’s Register (LR) has classed the DeepFlight Super Falcon 3S in accordance with its Rules for the Construction and Classification of Submersibles and Diving Systems, making it the first personal, composite submarine to enter into LR class. Although not.
Number of employees45,856Lloyds Bank (Gibraltar) LimitedWebsiteLloyds Bank plc is a British with branches across. It has traditionally been considered one of the '.
The bank was founded in in 1765. It expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1995 it merged with the and traded as Lloyds TSB Bank plc between 1999 and 2013.The bank is the principal subsidiary of, which was formed in January 2009 by the acquisition of by the then-Lloyds TSB Group. That year, following the, the took a 43.4% stake in Lloyds Banking Group. As a condition imposed by the regarding state aid, the group later announced that it would create a new standalone retail banking business, made up of a number of Lloyds TSB branches and those of. The new business began operations on 9 September 2013 under the brand.
Lloyds TSB was subsequently renamed Lloyds Bank on 23 September 2013. On 17 March 2017, the confirmed its remaining shares in Lloyds Banking Group had been sold.Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and in England and Wales (as well as an arrangement for its customers to be serviced by Bank of Scotland branches in Scotland, Halifax branches in Northern Ireland and vice versa) and offers 24-hour telephone and online banking services.
As of 2012 it has 16 million personal customers and small business accounts.It has its operational Headquarters in and other offices in. It also operates a number of office complex, brand headquarters and data centres in including,. (1699 - 1779), Birmingham iron merchant and founder of Lloyds Bank in 1765The origins of Lloyds Bank date from 1765, when button maker and iron producer and dealer set up a private banking business in Dale End,. The first branch office opened in, some six miles (10 km) west of Birmingham, in 1864.The symbol adopted by Taylors and Lloyds was the beehive, representing industry and hard work. The black horse regardant device dates from 1677, when Humphrey Stokes adopted it as sign for his shop. Stokes was a goldsmith and 'keeper of the running cashes' (an early term for banker) and the business became part of Barnett, Hoares & Co. When Lloyds took over that bank in 1884, it continued to trade 'at the sign of the black horse'.The association with the Tailor family ended in 1852 and, in 1865, Lloyds & Co.
Converted into a joint-stock company known as Lloyds Banking Company Ltd. The first report of the company in 1865 stated:LLOYDS BANKING COMPANY LIMITED – Authorized Capital £2,000,000. FOUNDED ON The Private Banks of Messrs. Moilliet and Sons, with-which have subsequently been amalgamated the Banks of Messrs.
Williams, Wednesbury, and Messrs.Stevenson, Salt, & Co., Stafford and Lichfield. They had an office at 20 Lombard St., London Your Directors have the satisfaction to report that they have concluded an agreement with the well-known and old-established firm of Messrs. Stevenson, Salt & Company for the amalgamation with this Company of their Banking Business at Stafford, Lichfield, Rugeley, and Eccleshall, and that this agreement has had the unanimous approval of the Extraordinary General Meeting held on 31st January last. It will be again submitted to you for final confirmation after the close of the Ordinary General Meeting. TIMOTHY KENRICK, Chairman. BIRMINGHAM, 9th February 1866Two sons of the original partners followed in their footsteps by joining the established merchant bank Barnett, Hoares & Co.
Which later became Barnetts, Hoares, Hanbury and Lloyd— based in Lombard Street, London. Eventually, this became absorbed into the original Lloyds Banking Company, which became Lloyds, Barnetts and Bosanquets Bank Ltd.
And, finally, Lloyds Bank Limited in 1889.Expansion Through a series of mergers, including in 1900, the Wilts. And Dorset Bank in 1914 and, by far the largest, the in 1918, Lloyds emerged to become one of the 'Big Four' clearing banks in the United Kingdom. By 1923, Lloyds Bank had made some 50 takeovers, one of which was the last private firm to issue its own banknotes— of Wellington, Somerset.
Today, the has a monopoly of banknote issue in England and Wales. In 2011, the company founded.In 1968, a failed attempt at merger with and was deemed to be against the public interest by the.
Barclays finally acquired Martins the following year. In 1972, Lloyds Bank was a founding member of the Joint Credit Card Company (with, and the ) which launched the (now ). That same year it introduced Cashpoint, the first online cash machine to use plastic cards with a magnetic stripe. In popular use, the Cashpoint has become a generic term for an in the United Kingdom.Under the leadership of Sir Brian Pitman between 1984 and 1997, the bank's business focus was narrowed and it reacted to disastrous lending to South American states by trimming its overseas businesses and seeking growth through mergers with other UK banks. During this period, Pitman tried unsuccessfully to acquire in 1984, in 1986, and Midland Bank in 1992. Lloyds Bank International merged into Lloyds Bank in 1986, since there was no longer an advantage in operating separately.
In 1988, Lloyds merged five of its businesses with the to create Lloyds Abbey Life.Lloyds TSB. The Lloyds TSB logotype, used 1995 – 2009 (group) and 1999 – 2013 (bank).The bank merged first with the newly demutualised Cheltenham & Gloucester Building Society (C&G), then with the in 1995.
The C&G acquisition gave Lloyds a large stake in the UK lending market. The TSB merger was structured as a reverse takeover; Lloyds Bank Plc was delisted from the and TSB Group plc was renamed Lloyds TSB Group plc on 28 December, with former Lloyds Bank shareholders owning a 70% equity interest in the share capital, effected through a scheme of arrangement. The new bank commenced trading in 1999, after the statutory process of integration was completed. On 28 June, TSB Bank plc transferred engagements to Lloyds Bank Plc which then changed its name to Lloyds TSB Bank plc; at the same time, TSB Bank Scotland plc absorbed Lloyds' three Scottish branches becoming Lloyds TSB Scotland plc.
The combined business formed the largest bank in the UK by market share and the second-largest to Midland Bank (now ) by market capitalisation. Lloyds' iconic black horse device was retained and modified to reflect the TSB merger.Lloyds Abbey Life became a wholly owned subsidiary of the group in 1996, absorbing in 1997, before closing to new business in 2000.
In 2007, Abbey Life was sold to for £977 million.In 1999, the group agreed to buy the Fund and Life Assurance Society for £7 billion. The society demutualised in 2000, shortly before the acquisition was completed. In 2001, Lloyds TSB made a bid to acquire; however, the bid was blocked by the, who ruled that a merger would be against the public interest.In October 2011, Lloyds TSB's credit rating was reduced by from Aa3 to A1. The action was taken in the light of a shift in government policy to move risk from taxpayers to creditors by reducing the level of support offered to financial institutions.Lloyds TSB was the first Official Partner for the in London. Divestment and return to Lloyds Bank. A rebranded Lloyds Bank branch in, (October 2013)After the 2008 rescue of HBOS, Lloyds TSB Group was renamed Lloyds Banking Group. In 2009, following the, took a 43.4% stake in Lloyds Banking Group.
The ruled that the group must sell a portion of its business by November 2013, as it categorised the stake purchase as.On 24 April 2013, it was confirmed that a number of Lloyds TSB branches in England and Wales would be combined with the branches of Cheltenham & Gloucester and the business of Lloyds TSB Scotland to form a new bank operating under the brand and divested by the group. The selected Lloyds TSB branches and those of Cheltenham & Gloucester were transferred to Lloyds TSB Scotland plc, which was renamed TSB Bank plc. The new bank began operating on 9 September 2013 as a separate division within Lloyds Banking Group. TSB was floated on the London Stock Exchange on 20 June 2014, and was acquired by one year later and subsequently delisted. The remaining business of Lloyds TSB returned to the Lloyds Bank name on 23 September 2013.In October 2014, the bank announced that it planned to cut 9,000 jobs and close some branches in light of an increase in the number of customers using online banking services.In July 2016, the bank announced it would cut 3,000 jobs because of the economic downturn as a result of.In January 2017, the bank suffered interruptions to its online services originally blamed on 'unspecified technical glitches'.
A reportedly claimed responsibility for the, demanding around £75,000 from the bank in a 'consultation fee'. Services. The London Bridge branch of Lloyds Bank in London, designed by in 1928.The bank offers a full range of banking and financial services, through a network of 1,300 branches in England and Wales. Branches in, and the are operated by Lloyds Bank International Limited, while Lloyds Bank (Gibraltar) Limited operates in; both are wholly owned subsidiaries and trade under the Lloyds Bank brand. Lloyds Bank is authorised by the and regulated by both the and the Prudential Regulation Authority. It is a member of the, the, the and subscribes to the. The bank uses the following series of:—RangeNote30 to 39former Lloyds branches77-00 to 77-4477-46 to 77-99former TSB branches(England and Wales)The Lloyds Bank Foundation funds local, regional and national charities working to tackle disadvantage across England and Wales.
There are separate foundations covering Scotland, Northern Ireland and the Channel Islands.Overseas operations The bank's overseas expansion began in 1911 and, by 1985, it had banking and representative offices in 45 countries, from Argentina to the United States of America.was absorbed into the main business of Lloyds Bank in 1986. Since 2010, the name has been used to refer to the bank's offshore banking operations.Controversies. Lloyds Bank in the current branding in,. Payment protection insurance In November 2005 an investigation by the (FSA) highlighted a lack of compliance controls surrounding (PPI). A second investigation in October 2006 identified further evidence of poor compliance and major PPI providers including Lloyds were fined for not treating customers fairly. In January 2011 a High Court case began which in the following April ruled against the banks, on 5 May 2011 Lloyds withdrew from the legal challenge.
In 2012, Lloyds announced that they had set aside £3.6 billion to cover the cost of compensating customers who were mis-sold PPI.In March 2014 it was reported that Lloyds had been reducing the compensation they offered by using a regulatory provision called 'alternative redress' to assume that customers wrongly sold single-premium PPI policies would have bought a cheaper, regular premium PPI policy instead.In June 2015 the Lloyds Banking Group was fined £117m for mishandling payment protection insurance claims including many claims being 'unfairly rejected'. Links to arms trade In December 2008 the British anti-poverty charity released a report documenting the extent to which the UK high street banks invest in, provide banking services for and lend to arms companies. The report stated that Lloyds TSB is the only high street bank whose corporate social responsibility policy does not mention the, yet is that industry's second largest shareholder among high street banks. Tax evasion In 2009, the 's alleged that Lloyds TSB Offshore in Jersey, Channel Islands was encouraging wealthy customers to evade tax. An employee of Lloyds was filmed telling a customer how several mechanisms could be used to make their transactions invisible to the UK tax authorities.
This action is also in breach of money laundering regulations in Jersey. Lloyds subsequently claimed that this was an isolated incident which they were investigating. Retail conduct failings In December 2013, Lloyds Banking Group had been fined £28m for 'serious failings' in relation to bonus schemes for sales staff. The said it was the largest fine that it or the former had imposed for retail conduct failings. The bonus scheme pressured staff to hit sales targets or risk being demoted and have their pay cut, the FCA said.
Lloyds Bank has accepted the regulator's findings and apologised to its customers. Divestment of government-owned shares Based on figures from the, 's sale of a 6% tranche of Lloyds shares in autumn 2013—despite his claims that the sale had netted a profit—worked out at a loss of at least £230m for UK taxpayers. However, after the British Government confirmed all its remaining shares had been sold on 17 May 2017, Lloyds Bank said the government had seen a return of £21.2bil on its investment, an approximately £900m profit. Libor rate manipulations In July 2014, US and UK regulators imposed a combined £218 million ($370 million) in fines on Lloyds and a number of subsidiaries over the bank's part in the global, and other rate manipulations and false reporting. Phishing scams A number of have been engineered in 2015, 2016, 2017 and 2018 into making the recipient believe that they are receiving an email from Lloyds Bank or Lloyds TSB. Though these emails have had nothing to do with the bank per se, they often are sent by official looking email ids with the bank's domain name. Typically, they contain an authentication code which is sent as a distractor.
The linked pages usually allow the recipient to enter their personal information related to the bank, leading to their bank accounts being. See also. Lloydsbankinggroup.com. Lloyds Bank Annual Report, 2016.
The New York Times, 1 October 1995. press release by Lloyds TSB Group plc, 16 January 2009. Presentations and Webcasts, Lloyds Banking Group, 3 November 2009. ^ Parsons, Russell (4 September 2013). Marketing Week.
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Retrieved 3 February 2016. Bank of England (retrieved 11 October 2008). Roskill QC, Sir Ashton (chairman) Barclays Bank, Lloyds Bank and Martins Bank: a report on the proposed merger ( 19 January 2012 at the, 19 January 2012 at the and 18 January 2012 at the ) Presented to Parliament in pursuance of section 9 of the Monopolies and Restrictive Practices (Inquiry and Control) Act 1948 (as applied by section 6(5) of the Monopolies and Mergers Act 1965) London: HMSO, 15 July 1968. (PDF). The Association for Payment Clearing Services. Archived from (PDF) on 28 January 2006. Retrieved 26 April 2014.
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Number of employees8,000Lloyd's Register Foundation, UK registered charityWebsiteLloyd's Register Group Limited (LR) is a technical and business services organisation and a maritime, wholly owned by the, a UK charity dedicated to research and education in science and engineering. The organisation dates to 1760. Its stated aims are to enhance the safety of life, property, and the environment, by helping its clients (including by, and ) to ensure the quality construction and operation of critical infrastructure.Historically, as Lloyd's Register of Shipping, it was a specifically maritime organisation. During the late 20th century, it diversified into other industries including oil and gas, nuclear, and rail.
Through its 100% subsidiary Lloyd's Register Quality Assurance Ltd (LRQA), it is also a major vendor of independent assessment services, including management systems certification for quality to,. Lloyd's Register is unaffiliated with.In July 2012, the organisation converted from an industrial and provident society to a company limited by shares, named Lloyd’s Register Group Limited, with the new Lloyd’s Register Foundation as the sole shareholder. At the same time the organisation gave to the Foundation a substantial bond and equity portfolio to assist it with its charitable purposes. It will benefit from continued funding from the group’s operating arm, Lloyd’s Register Group Limited. Contents.Origin The organisation was named after a 17th-century in London that was frequented by merchants, marine underwriters, and others, all men associated with shipping. The coffee house owner, helped them to exchange information by circulating a printed sheet of all the news he heard.
In 1760, the Register Society was formed by the customers of the coffee house who assembled the Register of Shipping, the first known register of its type. Between 1800 and 1833, a dispute between shipowners and resulted in each group publishing a list—the 'Red Book' and the 'Green Book'. Both parties came to the verge of bankruptcy. They reached agreement in 1834 to unite and form Lloyd’s Register of British and Foreign Shipping, establishing a General Committee and charitable values.
In 1914, with an increasingly international outlook, the organisation changed its name to Lloyd's Register of Shipping.The Register The Society printed the first Register of Ships in 1764 in order to give both underwriters and merchants an idea of the condition of the vessels they insured and chartered: were graded by a lettered scale (A being the best), and ship's fittings (masts, rigging, and other equipment) were graded by number (1 being the best). Thus the best classification 'A1', from which the expression A1 or A1 at Lloyd's is derived, first appeared in the 1775–76 edition of the Register.The Register, with information on all seagoing, self-propelled of 100 or greater, is published annually. A vessel remains registered with Lloyd's Register until she is sunk, or.The Register was published formerly by the joint venture company of, which was formed in July 2001 by the merger of Lloyd's Register's Maritime Information Publishing Group and Prime Publications Limited. Lloyd's Register sold its share of the venture to in 2009.Classification rules.
The Lloyd's Register load line on the hull of theLloyd's Register provides quality assurance and certification for ships, offshore structures, and shore-based installations such as power stations and railway infrastructure. However, Lloyd's Register is known best for the classification and certification of, and inspects and approves important components and accessories, including life-saving appliances, prevention, fire protection, navigation, communication equipment, deck gear, cables, ropes,. LR's Rules for Ships LR's Rules for Ships are derived from principles of and, and govern safety and operational standards for numerous merchant, military, and privately owned vessels. LR's Rules govern a number of topics including:. Materials used for construction of the vessel.
Ship structural requirements and minimum, depending on ship type. Operation and maintenance of main and auxiliary machinery. Operation and maintenance of emergency and control systemsSpecific editions of the rules are available to cater for merchant ships, naval ships, special purpose vessels and offshore structures. A ship is known as being in class if she meets all the minimum requirements of LR's Rules, and such a status affects the possibility of a ship getting insurance. Class can be withdrawn from a ship if she is in violation of any regulations and does not maintain the minimum requirements specified by the company. However, exceptional circumstances may warrant special dispensation from Lloyd's Register. Any alteration to the vessel, whether it is a structural alteration or machinery, must be approved by Lloyd's Register before it is implemented.Ships are inspected on a regular basis by a team of Lloyd's Register surveyors, one of the most important inspections being a ship's survey – due once every five years.
Such a survey includes an inspection of the hull to make sure that the load line has not been altered. Numerous other inspections such as the condition of hatch and door seals, safety barriers, and guard rails are also performed. Upon completion the ship is allowed to be operated for another year, and is issued a load line certificate. Rules and regulations Lloyd’s Register provide a list of rules and regulations to the public. January 2016.
January 2015.Location.