Heart Of England Co-operative
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Heart Of England Co-operative
The Heart of England Co-operative Society is an independent consumer co-operative in the United Kingdom. Based in Coventry, the Society trades in the English counties of West Midlands, Warwickshire, Leicestershire and Northamptonshire. Registered under the Co-operative and Community Benefit Societies Act 2014, the Society is a member of Co-operatives UK (formerly the Co-operative Union), the Co-operative Group (formerly Co-operative Wholesale Society) and its national buying scheme, the Co-operative Retail Trading Group. For the financial year ending 19 January 2019, turnover (excluding VAT) was £74.2m (£71.7m 2017/18) and operating profit was £2.9m (£5.5m 2017/18). The Society had no external bank borrowings and a £4.3m pension deficit (£8.4m 2017/18). The Society declared a £342k staff dividend (£376k 2017/18) and did not declare a member dividend or dividend bonus during the year. Heart of England Co-op had 137,500 active members in 2018. Each Heart of England Bo ...
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Consumer Co-operative
A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Consumers' cooperatives often take the form of retail outlets owned and operated by their consumers, such as food co-ops. However, there are many types of consumers' cooperatives, operating in areas such as health care, insurance, housing, utilities and personal finance (including credit unions). In some countries, consumers' cooperatives are known as cooperative retail societies or retail co-ops, though they should not be confused with retailers' cooperatives, whose members are retailers rather than consumers. Consumers' cooperatives may, in turn, form cooperative federations. These may come in the form of cooperative wholesale societies, through which consumers' ...
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Atherstone
Atherstone is a market town and civil parish in the North Warwickshire district of Warwickshire, England. Located in the far north of the county, Atherstone is on the A5 national route, and is adjacent to the border with Leicestershire which is here formed by the River Anker. It is only from Staffordshire. It lies between the larger towns of Tamworth and Nuneaton. Atherstone is the administrative centre of the North Warwickshire district, with the offices of North Warwickshire Borough Council located in the town. Atherstone is probably most well known for its tradition of holding an annual Shrove Tuesday Ball Game in the streets, which has been played almost continuously since the Middle Ages. In the 2021 census the population of the civil parish of Atherstone was at 9,212. The population of the larger built-up area which includes the adjoining village of Mancetter was 11,259. History Atherstone has a long history dating back to Roman times: The Roman road, the ...
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Companies Based In Coventry
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Retail Companies Established In 1832
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provisio ...
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Credit Unions In The United Kingdom
Credit unions in the United Kingdom were first established in the 1960s. Credit unions are member-owned financial cooperatives operated for the purpose of promoting thrift, providing credit and other financial services to their members. Credit unions in the UK now offer a wide range of services to their members; including current accounts, payroll deductions, standing orders and insurance. Co-operative or mutual organisations engaging in cooperative banking, such as building societies, have existed in the UK since the 18th century. History Institutions known as mutual societies grew out of the friendly society movement of the 18th century, with the first mutual insurer, Equitable Life, being founded in 1762. Formalised under the Friendly Societies Act 1819, mutual institutions predated the welfare state and were formed to meet the needs of a growing urban working class. This communitarian self-help movement allowed small regular individual contributions to be pooled fo ...
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British Co-operative Movement
The United Kingdom is home to a widespread and diverse co-operative movement, with over 7000 registered co-operatives owned by 17 million individual members and which contribute £34bn a year to the British economy. Modern co-operation started with the Rochdale Pioneers' shop in the northern English town of Rochdale in 1844, though the history of co-operation in Britain can be traced back to before 1800. The British co-operative movement is most commonly associated with The Co-operative brand (best known for its supermarket and Funeralcare brands) which has been adopted by several large consumers' co-operative societies; however, there are many thousands of registered co-operative businesses operating in the UK. Alongside these consumers' co-operatives, there exist many prominent agricultural co-operatives (621), co-operative housing providers (619), health and social care cooperatives (111), cooperative schools (834), retail co-operatives, co-operatively run community energy pro ...
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Dividend
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax dedu ...
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The Co-operative Funeralcare
Co-op Funeralcare is the trading name of Funeral Services Limited, a wholly owned subsidiary of The Co-operative Group, based in Manchester. It operates over 1,000 funeral homes and is the largest funeral director in the United Kingdom, accounting for 16.5% of the "at need" funeral market during 2016. Co-op Funeralcare is a member of the National Association of Funeral Directors and is also Funeral Planning Authority registered. In addition to its funeral home operations, the business also operates repatriation services; crematoria and cemeteries; woodland burial grounds; a memorial masonry manufacturing facility and a coffin factory and workshop. Other co-operative societies such as Midcounties Co-operative use the previous The Co-operative Funeralcare for their businesses. Operations As a funeral director, Co-op Funeralcare arranges all aspects of a funeral service including transport, flowers, catering, obituaries and orders of service, liaising with the relevant officiants. ...
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The Co-operative Food
Co-op Food is a brand used for the food retail business of The Co-operative Group in the United Kingdom. Prior to reintroducing the brand in 2016, the group used " The Co-operative" branding, which is still used by a number of consumers' co-operative societies in the UK. Other societies use their own branding. In 2016, the Co-operative Food accounted for approximately 6.6% of the UK groceries market. Operations The "Co-op" brand is used by over 3,500 shops owned by various societies which make up the co-operative movement, including the Central England Co-operative and the Midcounties Co-operative. A number of co-operative societies including Scotmid and the Lincolnshire Co-operative prefer to use the 1992 'cloverleaf version' of The Co-operative brand. In May 2016, The Co-operative Group reverted to the use of its 1968 Co-op cloverleaf branding. In March 2009, The Co-operative Group acquired the Somerfield supermarket retailer for £1.57bn from a group of private equit ...
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Statement On The Co-operative Identity
The International Co-operative Alliance (ICA) is a non-governmental co-operative federation or, more precisely, a co-operative union representing co-operatives and the co-operative movement worldwide. It was founded in 1895 to unite, represent and serve co-operatives worldwide. The Alliance maintains the internationally recognised definition of a co-operative in the "Statement on the Co-operative Identity". The ICA represents 318 co-operative federations and organisations in 112 countries. The Alliance provides a global voice and forum for knowledge, expertise and co-ordinated action for and about co-operatives. The members of the Alliance are international and national co-operative organisations from all sectors of the economy, including agriculture, banking, consumer, fisheries, health, housing, insurance, and workers. The Alliance has members from 100 countries, representing close to one billion individuals worldwide. Around one hundred million people work for co-operatives gl ...
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