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Midcounties Co-operative
From Wikipedia, the free encyclopedia
| Type | Cooperative |
|---|---|
| Founded | 2005 |
| Headquarters | Oxford, Walsall |
| Key people | Vivian Woodell Bob Burlton Ben Reid |
| Industry | Retail, Funeral, Travel, Internet, Childcare |
| Revenue | £421 million |
| Operating income | £6.2 million |
| Net income | £9.9 million1 |
| Employees | 6,285 |
| Website | midcounties.coop |
| details from 2006 summary annual report [1]PDF (686 KiB) 1. Net profit is after tax and dividend distribution, and includes profit from sale of property, investments and businesses |
|
The Midcounties Co-operative is the fourth-largest cooperative in the United Kingdom. It was formed on 24 September 2005 by the merger of the Oxford, Swindon & Gloucester Co-operative Society (OSG) and the West Midlands Co-operative Society (WMCS).[1]
It is a consumer co-operative, whose primary business is retailing in many of the central counties of England. A subsidiary, The Midcounties Co-operative Domains Ltd, operates the internet domain name registry for the .coop top level domain. In 2002, the co-operative became the first UK co-op to enter the children's day care market. In 2005, it invested in Westmill Wind Farm Co-operative in Watchfield, Oxfordshire, planned to be the UK's largest community-owned wind farm.[2]
The founding president is Vivian Woodell (chief executive of The Phone Co-op), who was president of OSG Co-op at the time of the merger.
Contents |
Some of the earliest local ancestor co-ops that combined with others to eventually form Midcounties Co-operative are:
| Community | Date formed |
|---|---|
| Swindon | 1853 |
| Gloucester | 1860 |
| Chipping Norton | 1866 |
| Walsall | 1866 |
| Oxford | 1872 |
| Cinderford | 1874 |
Like most UK consumer co-operatives, the Midcounties Co-operative allows almost anyone to join, as long as they are over 16. When members join they are asked to invest a minimum of £1. This entitles members to a share in the business in the form of a deposit account.
- ^ http://www.midcounties.coop/live/welcome.asp?id=2118
- ^ http://www.energy4all.co.uk/latestnews.php?nid=36. Retrieved on November 14, 2006.
- midcounties.coop – group website
- Midcounties Co-operative Domains
- Imagine Co-operative Childcare
- Coop Travel Travel business owned by Midcounties Co-op
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