ESB-Jörmungandr Group

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The ESB-Jörmungandr Group of Teldrin of Ynnraile (formerly Lunaris) is a trading company under warrant of the Kingdom of Goldshire. The ESB Group's ostensible remit is to serve as a Joint Stock Company trading in goods, commodities and services on the Benacian Continent.

Logo of the ESB-Jörmungandr Group

The company was established by articles of association signed by Thorgils Tarjeisson, Daniel Dravot & Dr Ernst Cryptsinger on Izillare, 2 Gevrader 1634, at the saloon bar of the Bethlem Hotel, Teldrin.

One tenth of all profits derived by the activities of the ESB Group are remitted to the King of Goldshire, Ryker Everstone.

Merger of Einhorn–Silverman–Bochs Group and Jörmungandr A/S.


The Seat of the Board of Directors is stipulated to be in Teldrin, Ynnraile and corporate offices were originally established in the suites of the the Bethlem Hotel (Formerly Bethlem Lunatic Asylum).

In 1635 the Group commenced the construction of the 'Sanitorium' in Teldrin as a fortified residential cantonment for employees based in Lunaris who wished to retain their sanity in the midst of a population of habitual lunatics. The company offices were relocated to the Sanitorium upon its completion in 1637. Since then the site has successfully withstood two sieges, the first by the Army of the Golden Dawn during the Civil War in Goldshire and the second by the supporters of Lord Adam during the Year of the Four Kaisers.


The Group is organised into seven Directorates subordinate to the Board of Directors, these being:

Directorate Function Employees
Secretariat: Reports to the Secretary to the Board of Directors. Supporting the Board of Directors of the ESB Group in following the obligations enjoined by the Articles of Association and the Grand Ducal Warrant upon the aforesaid board. Additional duties include the Organisation and Internal Governance of the Group and it's directorates. Prospectors and Observers, both resident and itinerant, report directly to the Secretary of the Board of Directors and thus belong under the Secretariat's Pay-Roll. 997
Directorate of Commodity Services: Production, import and export of all goods, commodities and services to and from Teldrin as well as supplementary trades in any and all jurisdictions. 4,324
Directorate of Logistic Services: Maintenance of Harbour and Transport Facilities. 2,723
Directorate of Outsourcing Services & Goldshire: Administration of public bodies on behalf of Government & the administration of the Royal Chancellery-in-Commission of Goldshire. 25,623
Directorate of Financial Services: Administration of revenues, banking for clients & and the allocation of capital within the ESB-Jörmungandr Group. 3,625
Directorate of Security Close Protection of ESB Group corporate officers, personnel and property 1,002
Euran Directorate Formerly Military and political aid to the Kingdom of Constancia, now classified Classified


As of 1635 the ESB Group employed 12,828 members of staff, not counting contractors, sub-contractors and short-term hires. 9,046 were reported to be resident in Goldshire. 3,601 were domiciled in the Emirate of Alalehzamin & Utasia. 181 members of staff were reported as domiciled in Shirekeep for tax purposes.

Board of Directors

File Photograph Director's Name Post Area of Operations Employee Number
n/a Position Vacant Chairman & Director of Commodity Services Teldrin, Goldshire n/a
L Dravot 1645-23450.png Liv Dravot Director of Outsourcing Shirekeep 1645-23450
Merrick 1645-2214.png Royston Merrick the Younger Director of Security Teldrin, Goldshire 1645-22140
Llynadorion 1634-148.png Huldah Llynadorion Secretary to the Board of Directors, Director of Financial Services Teldrin, Goldshire 1634-148
R Everstone 1651-13002.png Ryker Everstone Director of Logistic Services & Goldshire Goldshire Hamlet, Goldshire 1651-33002
S Dravot 1652-23051.png Sarah Dravot Director of Euran Operations Constancia 1652-34051

Notable Employees

Employee Name Post Area of Operations Employee Number
Huldah Llynadorion (f.) Resident Observer Duchy of Raikoth 1634-148

Notable Former Employees

The mortality rate of the ESB Group has been somewhat higher than might otherwise be expected of a large-scale corporation.

Reginald Smythe (Employee Number 1635-346), a prospector assigned to the Southern Islands was kidnapped by the Tegong of Jingdao and his body mutilated in a manner consistent with an internal bomb blast before his remains were deposited at the scene of a staged suicide bombing in the Imperial Assembly of Epoli. As a consequence of the abduction and murder of one of its employees the ESB Group in late 1635 created the Security Directorate to improve the safety of its workforce, at home and overseas.

Ernst Cryptsinger (Employee Number 1634-003), one of the founding partners of the company, Doctor Cryptsinger served as Director of Finance and Outsourcing before becoming Martial Law Administrator of Goldshire. He was caught in Goldshire Hamlet when a mutiny swept the Goldshire Regulars and died defending the Palace at Goldshire Hamlet whilst various heirlooms and artefacts were evacuated by order of Queen Noor.

In 1641 Deimos Jasonides (1634-004), Secretary to the Board of Directors and an Admiral in the Imperial Navy, perished in a contrived rebel suicide attack[1] on the cruiser ZNS Kaiser Agni I as it laid at anchor in MoMA Station Sabatini. Thorgils Tarjeisson, Deimos' employer twice over as Chairman of the ESB and MoMA of the Ministry of Military Affairs, spared no expense in hiring necromancers in an attempt to resurrect his formerly indispensable factotum; some say it was in order to punish his negligence in leaving a crucial naval base unsecured, others maintain that it was in order to torture from him the details of the secret accounts into which the Secretary had been siphoning misappropriated revenues that rightfully belonged to the ESB group. Both accounts are correct but the attempt was unsuccessful and the bodily remains of Admiral Jasonides were released in preparation of a state funeral, to be held in Shirekeep during the year 1642 AN.

Thorgils Tarjeisson (1634-001), the founder and chairman of the ESB Group, rose to fame and power as Kaiser Dominus, however he remained blind to the dangers posed by his allies Adam Ayreon-Kalirion, Tokaray al-Osman and Ludovic Verion until virtually the last moment and thus perished miserably, digested into the corporeal form of a newly manifested daemon, during the Oustfest Massacre.

Laqi Hyrrion (dec'd) (1634-902), notable, if not infamous, as the Itinerant Observer dispatched by the ESB Group to gather and transmit back to Teldrin any designs and or discoveries that might advance the economic interests of the Group. Although he scored notable early successes that advanced Shirerithian submarine designs by a generation, he was quickly discovered and compromised by the Minarborian authorities. Although useless for the purposes of corporate espionage, Laqi was nonetheless able to establish himself on the fringes of Minarborean polite society, obtaining a certain degree of notoriety as the first Revenant to install a putrefact into his own body for the purpose of rediscovering the joys of digestion. Subsequently dispatched to Dietsland on Imperial Service where he rose to the rank of Dux in the Imperial Army and advising the Confederacy of Puritanian States through the offices of the Puritanian Guidance Authority which he was instrumental in creating. Deposed in a local coup organised by Waldemar Zinkgraven during the Year of the Four Kaisers he was butchered and decapitated by the mutineers; subsequently his head was retained by Waldemar as a memento of the occasion. It is unknown whether Laqi, as a Revenant rather than a Lich, will ever regenerate.

Marcellus Paixhans (1635-01003), First Director of the groups Euran Directorate, a noted inventor and naval engineer - responsible for the design and manufacture of improvised weapons systems such as the infernal machines (floating mines) and armoured land cruisers which helped the Constancian Home Guard to successfully resist the full onslaught of a Jingdaoese invasion. Murdered along with his wife in separatist riots which swept Nivardom in 1648.

The company's typing pool is rumoured to be running a sweepstake on which of the directors will survive to retirement or die of natural causes.

Daniyal Dravot (1634-002), Thorgil's successor as Chairman, succumbed to the effects of a severe intracerebral haemorrhage whilst praying in the Sanctum of Malabor, located in the Yoni Temple complex of Modan-Lach. His retainers were able to rush the stricken Chairman to the temple's on-site clinic, but Dravot was declared clinically dead whilst doctors were attempting a dural puncture in order to conduct an extraventricular drain.


Company Name Area of Operations Activity Estimated revenues Parent Directorate
Amity Shipyards Ltd Erudition, Jadid Khaz Modan Shipbuilding . .
Teldrin Mint . . . .
Imperial & Emirati Bank of Alalehzamin . . . .
Bountiful Harvest Ltd . . . .
The Tarjeisson Foundation . . . .
ESB Group (Keltia) . . . .
Atacama Corporation . Consulting and property management Classified Euran Directorate in partnership with Oranjesion Private Equity Capital & Thema Oranjesion
Raspur Airport Ltd . . . .
ESB-MPFR Fisheries & Commerce Protection Squadron . . . .

Current contracts

Contract Contract Value ESB Directorate Awarding Authority Activity Year Awarded Contract Duration
Teldrin Trade Monopoly No Fixed Value Commodity Services Kingdom of Goldshire Monopoly on all goods, commodities and services to and from Teldrin 1634 In perpetuity subject to per annum remittance of ten percent of all profits to the Crown
Royal Government of Goldshire No Fixed Value Outsourcing Services Kingdom of Goldshire Public Administration 1635 In perpetuity, subject to Royal discretion
Amity Ports Authority Ltd No Fixed Value Outsourcing Services Emirate of Amity, Mirioth & So-Sara Construction and civil administration of the dockyards operated by the Boat Yards of Amity Ltd 1635 12 Elw Years with options to lease back facilities. Now operated in partnership with House of Osman GmBH.
Shrubway (Shireroth) Ltd No Fixed Value Financial Services Church of Minarbor/Third State Arbour (Empire of Minarboria) Franchising authority for vendors of the Shrubway fast-food chain in the Imperial Republic of Shireroth 1635 Wholly owned following the demise of the Church of Minarbor.
Port and Harbour Operations, Eura . . . . . .

Former business activities

Contract Contract Value ESB Directorate Awarding Authority Activity Year Awarded Contract Duration
Teldrin Mint 12.2M Teldrin Thalers (Th) Financial Services Worshipful Corporation of Aldermen for the City of Teldrin Production and Circulation of Teldrin Thalers 1634 Expired 1644. Continues as wholly owned subsidiary.
Teldrin Transport Docks Board Ltd 2.795M Th Logistic Services Worshipful Corporation of Aldermen for the City of Teldrin Management of Teldrin Dock & Associated Warehouses 1634 Expired 1641. Reverted to local authority control.
Imperial & Emirati Bank of Alalehzamin 400M Th Financial Services Emirati Government of Alalehzamin and Utasia Banking Services to the Emirate of Alalehzamin & Utasia 1634 Expired 1644. Operates as wholly owned subsidiary.
Bountiful Harvest Ltd 16M Th Financial Services Emirati Government of Alalehzamin & Utasia Management of the 400M Th Sovereign Wealth Fund of the Emirate 1634 Contract expired 1654. Operates as wholly owned subsidiary.
Boat Yards of Teldrin Ltd 3.96B Th Logistic Services MoMA In-Service Maintenance of the eleven Duchy Class Destroyers of the Imperial Shirerithian Navy 1635 Ended 1655.
Boat Yards of Amity Ltd 3.48B Th Logistic Services MoMA Construction and In-Service Maintenance of the three Poltroon Class Submarines of the Imperial Shirerithian Navy 1635 Ended 1647
County of Ran Public Insurance & Cudgelling Ltd 2M Th Outsourcing Services Count of Ran Property Insurance, Public Administration, Emergency Services and Law Enforcement 1636 Ended in 1640 with loss of Ran to rebel forces during Civil War in Goldshire.
South Sea (Ura'Bos) Company Ltd No Fixed Value Commodity Services The Kaiser Plantation of a Colony onto the Imperial Dominion of Ura'Bos for the purpose of trade with Natopia 1636 In perpetuity, subject to Imperial oversight.
ESB Imports 17.9B Th Commodity Services Imperial Forces
Union Defence Force
Goldshire Regulars
The reassembly, reverse engineering and unlicensed reproduction of military hardware acquired from sources of dubious veracity. 1649 Terminated by Shirerithian Supplies Service following anti-corruption investigation conducted by the Chamber of the Crypteia.
Cedrocomando S.A. 39.5B Erb Outsourcing Services Ministry of Military Affairs The creation of the Cedrocomando Security Force within the Shirerithian Condominium of Greater Tellia. 1641 Ended 1651. Incorporated into Imperial Forces


Some jurisdictions have questioned the presence of paid Observers in their ports - considering them to be either a nuisance on a par with impertinent news correspondents or else as poorly disguised practitioners of industrial espionage.

Although the ESB-Jörmungandr Group has no openly declared rivals its monopoly on trade with Teldrin is not favourably thought of by would-be competitors. This, together with encouraging the River Trade bound between Shirekeep and Musica on the Red Elwynn to accept hospitality at Teldrin and for their Erb to be exchanged for Thalers in the pubs, hotels and brothels of the town whilst the goods they carried were repackaged for export under the ESB label, for which a fee was charged, has been considered by some to amount to sharp practice.

By operating the Teldrin Mint the ESB-Jörmungandr Group is also reported to have incurred the enmity of the Assayers of the Avakair Mint who consider the project to be little more than a systematic attempt to debase and supplant the hallowed gold-standard of currencies with worthless fiat money.

Operation Ithaca

A ESB-Jörmungandr chartered cargo plane landing at Vey International Airport

Operation Ithaca commenced in 1636 when the ESB-Jörmungandr Group received a licence from the Basileusa of Constancia to mount an expedition to the city of Vey in the interior of the Euran Continent, for the purposes of examining a ruined Babkhan ziggurat as part of the Secretariat's ongoing Industrial Archaeology Programme - which focused primarily on salvaging technology from the many ruined civilisations of Micras. This expedition also marked the first overseas deployment of the Directorate of Security, to provide close protection for the archaeologists, at a time of heightened tensions between Jingdao and Constancia.

There were however critics of the operation who maintained that it served primarily as a cover for quasi-covert deliveries of weapons, munitions and spares, as well as technical experts and advisers to prop-up the Constancian Armed Forces during their war with the Empire of Jingdao.[2]

Furthermore the Euran War had, during the course of 1636, to eat away at the otherwise very healthy profit margins of the organisation. Leading to some internal discussion within the organisation as to whether the growth orientated business model was being undermined by increasingly political considerations.

The ESB Group neither confirmed nor denied that the disturbances on Walstadt in 1636[3], which resulted in the sinking of an ESB owned barque - the Seahawk, was a cover for an attempt on the life of the Jingdaoese Emperor. The Emperor, it should be noted, was siezed by a mob and decapitated by persons unknown, during the course of the brief tumult.

Paramilitary Activities

Contractors from the ESB's Directorate of Security on patrol in downtown Teldrin.

After rivalries with the Assayers degenerated into open warfare, the ESB Group became heavily involved with trying to prop up the Royal Government after it lost control of Lunaris, Elsenar and Ran. In so doing it was also directly implicated in the takeover of Amity and Yardistan by the faction of the Nationalist & Humanist Party led by Tokaray al-Osman and Isabella Simrani-Kalirion and the foundation of the Emirate of Jadid Khaz Modan.

In addition to the Directorate of Security, the ESB has also been involved in providing logistical and tactical support to the Jaysh al-Sathrati and in establishing the Cedrocomando private military company (PMC).

The Kaisership

The apogee of the ESB Group's power and influence in the Imperial Republic was seemingly reached in 1642 when its Chairman, ideally positioned after a relatively successful tenure as Minister of Military Affairs, unexpectedly acceded to the throne as Kaiser Dominus.

After the Oustfest

In the wake of the Oustfest Massacre and the death of Kaiser Dominus, the position of chairman of the Group was passed, in accordance with the Kaiser's last will and testament, to Daniyal Dravot, the surviving director from the founding trio of the company.

After the death of Daniyal in 1656 effective control of the Group passed to his wife Liv Dravot after a bare minimum of skulduggery amongst the directors.

In 1659 the ESB Group negotiated the largest slave purchase in history, purchasing the right to the entire Black Traveller community from the Khanate of Krasnarus for four trillion Erb ($62M). The entire debt servicing edifice of the Group strained to absorb the cost of the acquisition, but, at the stroke of a pen, the ESB Group had found the pool of manual labourers required for its programme of works on the Euran Continent.