Midlands Co-operative Society
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Midlands Co-operative Society
Midlands Co-operative Society Limited was the second largest consumer co-operative in the United Kingdom. It was a registered Industrial and Provident Society, a member of the Co-operative Union, the Co-operative Retail Trading Group and a corporate member of The Co-operative Group (formerly Co-operative Wholesale Society), the largest consumer co-operative in the world. The Society had over 200 stores, principally trading in the English Midlands. Head office was located in Lichfield, Staffordshire. On 19 September 2013, it was announced that the boards of Midlands Co-operative Society and Anglia Regional Co-operative Society had agreed merger terms. Approved by members on 4 and 18 November, legal completion of the merger took place on 1 December, with the Anglia Society transferring engagements to Midlands Co-operative. On 15 January 2014, members of the merged society approved a change of name to Central England Co-operative effective from 25 January 2014. History The Society ...
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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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The Co-operative Group
Co-operative Group Limited, trading as Co-op, is a British consumer cooperative, consumer co-operative with a group of retail businesses including food retail, wholesale, e-pharmacy, insurance and legal services, and funeral care. The Co-operative Group has over 65,000 employees across the UK. The group has its headquarters in One Angel Square in Manchester. The Group also manages the Co-operative Federal Trading Services, formerly the Co-operative Retail Trading Group (CRTG), which sources and promotes goods for food stores of the co-operative movements of the UK. It introduced the Co-operative brand in 2007, which is used by many consumers' co-operatives in the UK and managed by the group. History Beginnings (1844–1938) The Co-operative Group has developed over the years from the merger of co-operative wholesale society, co-operative wholesale societies and many independent retail societies. The Group's roots are traced back to the Rochdale Society of Equitable Pionee ...
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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 deduct ...
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Financial Services Authority
The Financial Services Authority (FSA) was a quasi-judicial body accountable for the financial regulation, regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 1985. Its board was appointed by the HM Treasury, Treasury, although it operated independently of government. It was structured as a company limited by guarantee and was funded entirely by fees charged to the financial services industry. Due to perceived regulatory failure of the banks during the financial crisis of 2007–2008, the Cameron–Clegg coalition, UK government decided to restructure financial regulation and abolish the FSA. On 19 December 2012, the ''Financial Services Act 2012'' received royal assent, abolishing the FSA with effect from 1 April 2013. Its responsibilities were then split between two new agencies: the Financial Conduct Authority and the Prudential Regulation Authority (United Kingdom), Prudent ...
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Shepley Co-operative Society
Shepley Industrial and Provident Society was a small consumer co-operative based in the West Yorkshire village of Shepley in England. The Society, which was founded in 1852, operated a single co-operative foodstore on Station Road. A registered Industrial and Provident Society, Shepley Industrial and Provident Society was a corporate member of the Co-operative Group (formerly Co-operative Wholesale Society) and its national buying scheme, the Co-operative Retail Trading Group. In August 2013, the Society was wound-up and its assets transferred to the Midlands Co-operative Society.Kidd, Marie-ClairReview of the Year: Village co-op society gives up independence after 150 yearsCo-operative News, 28 December 2013 This became Central England Co-operative Central England Co-operative, trading as Central Co-op, is a regional consumer co-operative in the United Kingdom, based in Lichfield and which trades from over 400 sites across the English Midlands and East Anglia. The business ...
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Moulton Co-operative Society
The Moulton Co-operative Society Limited, or simply Moulton Co-op, was a small regional consumer co-operative in the United Kingdom. The society was formed in 1861 and operated a single supermarket in Moulton, Northamptonshire. In January 2009, members voted overwhelmingly to transfer arrangements to Midlands Co-operative Society, which took effect on 8 February 2009. History The Moulton Co-op was one of the last single store societies in the Midlands region, following the mergers of Desborough, Ilkeston and Raunds co-ops with the Midlands Society in recent years. John Mitchinson became Chief Executive of Moulton in 1986, serving until the merger. Location * Stocks Hill, Moulton, Northamptonshire Co-operative movement The society was at merger was a member of the UK-wide Co-operative Retail Trading Group (CRTG) buying group and together with other UK Societies in every part of the country sold bulk bought branded and The Co-operative brand products. The Society was a corporate ...
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Raunds Co-operative Society
Raunds Co-operative Society Limited was a consumer co-operative society based in Raunds, Northamptonshire, founded in 1891. The society operated a large supermarket and a department store in Raunds, and as of 2007 held of farmland at Northdale Farm, farming wheat and oilseed rape. It had 4,297 members in 2003. It was a subscriber to the Co-operative Party and a customer member (shareholder) of the The Co-operative Group, Co-operative Wholesale Society. In 1983, it merged with the Ringstead Distributive Co-operative Society. In early 2007, directors of the society presented to members a plan to merge with the much large Midlands Co-operative Society, but it did not reach the required vote of two thirds of members when put to a special general meeting on 5 July 2007. However, a confirmatory meeting was held on 16 August and this time the vote to merge was carried. The two societies merged on 26 August 2007. See also *cooperative, Co-op *Co-op UK *The Co-operative Group ...
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Ilkeston Co-operative Society
Ilkeston Co-operative Society was a consumer co-operative society based in Ilkeston, Derbyshire, England. By 2006, Ilkeston had created one of the largest independent travel companies in the UK, operating 42 branches throughout the East Midlands and South Yorkshire. It also operated a department store, two bedding stores, a banqueting suite and two car body shops, having sold its car retail business to United Co-operatives in 2004. In August 2006, directors of the Society outlined plans to merge with the Midlands Co-operative Society. Following two members' meetings in September, the two societies merged in November 2006. The newly enlarged Midlands Society has retained the name 'Ilkeston Co-op Travel' for the travel business, given its prominence. It was announced on 21 January 2013 that the Midlands Co-op intended to close the Ilkeston store along with several other East Midlands homewear and fashion stores within six months, citing a lack of profitability as the reason. It ...
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Birmingham
Birmingham ( ) is a city and metropolitan borough in the metropolitan county of West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1.145 million in the city proper, 2.92 million in the West Midlands metropolitan county, and approximately 4.3 million in the wider metropolitan area. It is the largest UK metropolitan area outside of London. Birmingham is known as the second city of the United Kingdom. Located in the West Midlands region of England, approximately from London, Birmingham is considered to be the social, cultural, financial and commercial centre of the Midlands. Distinctively, Birmingham only has small rivers flowing through it, mainly the River Tame and its tributaries River Rea and River Cole – one of the closest main rivers is the Severn, approximately west of the city centre. Historically a market town in Warwickshire in the medieval period, Birmingham grew during the 18th century during the Midla ...
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Derbyshire
Derbyshire ( ) is a ceremonial county in the East Midlands, England. It includes much of the Peak District National Park, the southern end of the Pennine range of hills and part of the National Forest. It borders Greater Manchester to the north-west, West Yorkshire to the north, South Yorkshire to the north-east, Nottinghamshire to the east, Leicestershire to the south-east, Staffordshire to the west and south-west and Cheshire to the west. Kinder Scout, at , is the highest point and Trent Meadows, where the River Trent leaves Derbyshire, the lowest at . The north–south River Derwent is the longest river at . In 2003, the Ordnance Survey named Church Flatts Farm at Coton in the Elms, near Swadlincote, as Britain's furthest point from the sea. Derby is a unitary authority area, but remains part of the ceremonial county. The county was a lot larger than its present coverage, it once extended to the boundaries of the City of Sheffield district in South Yorkshire where it cov ...
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Leicestershire
Leicestershire ( ; postal abbreviation Leics.) is a ceremonial and non-metropolitan county in the East Midlands, England. The county borders Nottinghamshire to the north, Lincolnshire to the north-east, Rutland to the east, Northamptonshire to the south-east, Warwickshire to the south-west, Staffordshire to the west, and Derbyshire to the north-west. The border with most of Warwickshire is Watling Street, the modern A5 road (Great Britain), A5 road. Leicestershire takes its name from the city of Leicester located at its centre and unitary authority, administered separately from the rest of the county. The ceremonial county – the non-metropolitan county plus the city of Leicester – has a total population of just over 1 million (2016 estimate), more than half of which lives in the Leicester Urban Area. History Leicestershire was recorded in the Domesday Book in four wapentakes: Guthlaxton, Framland, Goscote, and Gartree (hundred), Gartree. These later became hundred ...
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Co-operative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
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Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ...
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