Definitions (continued)
“LPA” the Law of Property Act 1925 “Reeds Rains Financial Services” trading name of Reeds Rains Financial
“LSLi” trading name of LSLi Limited and references in this Report include Services Limited
its subsidiaries JNP, Intercounty, Frosts, Goodfellows, Davis Tate and “Registered office” Newcastle House, Albany Court, Newcastle Business
Lauristons Park, Newcastle Upon Tyne NE4 7YB
“LSL” LSL Property Services plc and, where the context so requires, its “Report” LSL’s annual report and accounts 2012
subsidiaries “Residential Sales” refers to LSL’s services for residential property sales
“LSL corporate client Department” trading name of LSL Corporate “RicS” Royal Institution of Chartered Surveyors
Client Services Limited “SAyE” save-as-you-earn
“LSL Land & new Homes” trading style used by members of the Estate “Senior independent Director” or “Senior independent non
Agency Division Executive Director” Mark Morris
“LtiP” long term investment plan “Shareholders” shareholders of LSL
“Marsh & Parsons” trading name of Marsh & Parsons Limited “SiP” share incentive plan
“MBo” management buy out “St trinity Asset Management” trading name of St Trinity Limited
“nAEA” National Association of Estate Agents “Surveying Division” includes LSL’s surveying and valuation businesses
“nBS” New Bridge Street Limited “Surveying and Valuation Services” refers to LSL’s Surveying Division
“net Bank Debt” see note 30 of the Financial Statements “templeton” trading name of Templeton LPA Limited
“nFoPP” National Federation of Property Professionals “the Bridge” LSL’s call centre operation based in Southampton
“non Executive Director” refers to Helen Buck, Adrian Gill, Roger “the Mortgage Alliance” or “tMA” are trading names of First
Matthews, Mark Morris and Mark Pain Complete’s mortgage club
“notice of Meeting” the circular made available to Shareholders setting “tPo” The Property Ombudsman
out details of the AGM “trust” LSL Property Services plc Employee Benefit Trust
“openwork” trading name of Openwork Holdings Limited “trustees” Capita Trustee Limited
“ordinary Shares” 0.2p ordinary shares in LSL “tSR” total shareholder return
“Pi” professional indemnity “underlying operating Margin” Group Operating Profit before
“Phillip green” trading name of Intercounty exceptional costs, amortisation and share based payments shown
“Propertycare+” e.surv’s private surveying service delivered direct to as a percentage of turnover
private house purchasers “underlying operating Profit/(Loss)” before exceptional costs,
“RcF” revolving credit facility amortisation of intangible assets and share based payments
“Reeds Rains” trading name of Reeds Rains Limited “your Move” trading name of your-move.co.uk Limited
“Zoopla” trading name of Zoopla Property Group Limited
118 ANNUAL REPORT AND ACCOUNTS 2012