Tamworth Co-operative Society

Tamworth Co-operative Society Limited
FormerlyTamworth Industrial Co-operative Society Limited
Company typeConsumer co-operative
IndustryRetail and funeralcare
Founded1886 (1886) in Tamworth
Headquarters5 Colehill,
Tamworth,
Staffordshire,
England
Key people
  • RW Read (Chair)
  • Julian Coles (CEO)
Revenue£23,392,000 (2019)
Total assets£13,681,000 (2019)
Total equity£2,380,723 (2019)
Members20,193 (2019)
Number of employees
283
Websitetamworth.coop
Footnotes / references

Tamworth Co-operative Society Limited is a small independent consumer co-operative in Tamworth, Staffordshire, England. The co-operative operates a department store, supermarket, 11 convenience stores, and eight funeral care locations, with over 20,000 members and an annual turnover in excess of £23m.[1][2][3]

Arising from a sense of fair play, a meeting was held at the Victoria Road schoolroom in Tamworth on 13 November 1886, where it was proposed that "a co-operative society be formed in Tamworth". The motion was unanimously carried and the society began trading from a modest rented cottage on 10 December. On 15 March 1887 the society was legally incorporated as the Tamworth Industrial Co-operative Society Limited. The co-operative celebrated its centenary in 1986, when membership passed the 35,000 mark.[4] In 2021 the society announced plans to close its department store, with it being turned into a business centre and college.[5]

As a consumer co-operative the society is owned by its members, who are both customers and shareholders. Through the co-operative principle of one member one vote the society is governed by a member-elected board of directors alongside annual general meetings.[6] The society is a member of Co-operatives UK, The Co-operative Group and the Federal Retail and Trading Services food buying group.[citation needed]

See also

References

  1. ^ "Mutuals Public Register: Tamworth Co-operative Society Limited (2582R)". mutuals.fca.org.uk. Financial Conduct Authority. Retrieved 4 February 2021.
  2. ^ "Tamworth Co-operative Society". www.tamworth.coop. Archived from the original on 22 January 2021. Retrieved 4 February 2021.
  3. ^ Hadfield, Miles (22 June 2020). "Tamworth Co-op beats expectations as trading surplus rises 1.5%". Co-op News. Archived from the original on 10 October 2022. Retrieved 4 February 2021.
  4. ^ "Our Roots". www.tamworth.coop. Archived from the original on 10 October 2022. Retrieved 4 February 2021.
  5. ^ Newbould, Daniel (1 April 2021). "Tamworth Co-op department store to shut - with 70 per cent off sale". Birmingham Live. Archived from the original on 1 April 2021. Retrieved 1 April 2021.
  6. ^ "Board of Directors". www.tamworth.coop. Archived from the original on 9 February 2021. Retrieved 4 February 2021.


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