Chelmsford Star Co-operative Society

Last updated

Chelmsford Star Co-operative Society Limited
Type Consumer Co-operative
Industry Retail (Wholesale)
Founded1867
Headquarters220 Moulsham Street, Chelmsford, Essex CM2 OLS
Key people
Barry Wood, Chief Executive Officer
Products Grocer, Department Store, Funeral Director, Travel Agent
Revenue£113.5 million (52 weeks ending January 26 2019)
Number of employees
884
Website www.chelmsfordstar.coop

The Chelmsford Star Co-operative Society is an independent consumer co-operative in the United Kingdom.

Contents

Registered under the Co-operative and Community Benefit Societies Act 2014, [1] the Society is a member of Co-operatives UK, the Co-operative Group and the national co-operative wholesaler Federal Retail and Trading Services. In 1995, it had a membership of 38,867 and annual sales of £34.2 million.

In 2018-19 (the 52 weeks ending January 26 2019), its membership had reached 87,368 and its revenue (gross takings) was £113.5 million (up 2.8% year on year) - of which sales accounted for £92.4mn. [2] Net profit, or surplus before distributions, in 2018-19 was £787,337 [3] (down by 14% year on year) as UK high-street retailers faced a tough time. The Society had an average of 884 employees (263 full-time and 621 part-time) in 2018-19, [4] slightly fewer than in 2017-18. Net debt stood at £4.4m (£5.7m 2017/18) and the Society's pension deficit was £1.9m (£2.4m 2017/18).

History

The Society was established in Chelmsford by iron foundry workers in 1867, with the intention of becoming "the Star of the County". In 1969, it merged with the Braintree Co-operative Society, which had been formed by silk weavers in 1864.

In its first year of trading, Chelmsford Star Industrial Co-operative Society had a membership of 275 and annual sales of £4,316. By 1900, with 1,439 registered co-operatives in the UK, membership had risen to 2,001, with annual sales of £40,414. In 1954, with membership standing at 19,089, the Society achieved sales of over £1 million for the first time. [5]

Activities

Chelmsford Star convenience store in Great Baddow. Chelmsford Star Co-operative Society. Beehive Lane, Great Baddow Chelmsford.jpg
Chelmsford Star convenience store in Great Baddow.
One of the society's funeral directors in Writtle. Writtle CSCS funeral service (16603282554).jpg
One of the society's funeral directors in Writtle.

According to the International Co-operative Alliance, "A co-operative 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." [6] In conducting its affairs, Chelmsford Star Co-operative Society is committed to "following the Co-operative Values and Principles." [7] The Society's rules are based on Model Rules 12, drawn up by Co-operatives UK. [8]

As of May 2019, the Society operates 40 convenience stores under The Co-operative Food fascia, 2 Quadrant department stores (each of which with The Co-operative Travel branches) in Chelmsford and Braintree, and eight Chelmsford Star Co-operative Funeral Services. [9] The 40 convenience stores - which exclude two loss-making ones that were closed during 2018-19 at Meppel Avenue, Canvey Island and at Southchurch Road, Southend-on-Sea - cover not only the core Chelmsford/Braintree area but also extend as far out as Woodford Green, Ilford and Romford in East London to the southwest and from Grays through East Tilbury to Shoeburyness along the Thames Estuary to the south and southeast. [10]

Food retailing provides the lion's share of the Society's operating profits, while its two Quadrant department stores made a 2018-19 operating loss. Membership of the society is open to all residents of the Society's mid-Essex trading area, with members receiving a share of the profits in the form of dividend.

The Co-op convenience store on New Street in central Chelmsford belongs to the national Co-operative Group, and not to the Chelmsford Star Society.

See also

Related Research Articles

<span class="mw-page-title-main">The Co-operative Group</span> British group of retail businesses

The Co-operative Group Limited, trading as Co-op, is a British consumer co-operative with a group of retail businesses including grocery retail and wholesale, legal services, funerals and insurance retailing.

<span class="mw-page-title-main">The Phone Co-op</span> UK based co-operative telecoms supplier

The Phone Co-op was an independent consumer co-operative in the United Kingdom until 2018, when facing serious financial difficulties, it transferred itself into a sister society, where it remains today. It provides landline, mobile telephone and Internet services, including web hosting and broadband. Now part of the Midcounties Co-operative, the largest independent co-operative in the UK, it is owned by its customer-members who share in its profits. This makes The Phone Co-op the only telephone co-operative in the UK.

<span class="mw-page-title-main">Scotmid</span> UK independent retail consumers co-operative

The Scottish Midland Co-operative Society, is an independent retail consumers' co-operative based in Edinburgh, Scotland.

The United Kingdom is home to a widespread and diverse co-operative movement, with over 7,000 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 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 projects, football supporters' trusts, credit unions, and worker-owned businesses.

<span class="mw-page-title-main">Consumers' co-operative</span> Autonomous association owned and managed democratically by its clients

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.

<span class="mw-page-title-main">Midcounties Co-operative</span> British consumer co-operative

The Midcounties Co-operative Limited, trading as Your Co-op, is a consumer co-operative in the United Kingdom with over 700,000 members. Registered in England under the Co-operative and Community Benefit Societies Act 2014, it is a member of Co-operatives UK and the Co-operative Retail Trading Group.

<span class="mw-page-title-main">Nisa (retailer)</span> Groceries wholesaler in the United Kingdom

Nisa Retail Limited is a brand and groceries wholesaler operating in the United Kingdom. It is a wholly owned subsidiary of the Co-operative Group Limited. It was formerly a mutual organisation owned by its members and operating "...like a co-operative, using the collective buying power of the large group of members to negotiate deals with suppliers".

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, 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.

<span class="mw-page-title-main">Lothian, Borders & Angus Co-operative Society</span>

Lothian, Borders & Angus Co-operative Society Limited , founded in 1839 in the Scottish Borders, was the oldest independent consumer co-operative in Scotland until it merged with The Co-operative Group in December 2008. It operated over 50 food stores in the south and east, as well as some other retail businesses, and funeral services. At the time of the merger, Lothian Co-op was owned by 65,000 consumer members on a one member one vote basis.

<span class="mw-page-title-main">Lincolnshire Co-operative</span>

Lincolnshire Co-op is an independent consumer co-operative which operates in Lincolnshire, and the surrounding counties. The society has over 220 outlets with its principal trading activity being its food stores, funeral homes, florist and crematorium, travel agencies, post offices and pharmacies. The Society is owned by over 295,000 members who hold Lincolnshire Co-op dividend cards, equal to approximately one quarter of the population of Greater Lincolnshire. The society also owns Gadsby's bakery which is based in Southwell, Nottinghamshire.

<span class="mw-page-title-main">Co-op Food</span> British brand of consumer co-operative supermarkets

Co-op Food is a brand used for the food retail business of The Co-operative Group in the United Kingdom.

Anglia Regional Co-operative Society Limited was the fifth largest consumer co-operative in the United Kingdom. It was formed by the merger of the Greater Peterborough Regional and Anglia co-operative societies in 1987. The Society had over 80 stores, principally trading in East Anglia. Head office was located at Westgate House, Peterborough until 2011.

<span class="mw-page-title-main">The Co-operative brand</span>

The Co-operative, also known as Co-op, is a brand used by a variety of co-operatives based in the United Kingdom. It is not a single business, but a number of different consumers' co-operatives spanning various sectors.

<span class="mw-page-title-main">Heart of England Co-operative Society</span>

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.

<span class="mw-page-title-main">Channel Islands Co-operative Society</span>

The Channel Islands' Co-operative Society is a long-established consumer co-operative with stores in the Channel Islands. Its head office is located in Saint Helier in Jersey.

<span class="mw-page-title-main">Federated Co-operatives</span> Canadian co-operative federation

Federated Co-operatives Limited (FCL), operating as Co-op, is a co-operative federation providing procurement and distribution to member co-operatives in Western Canada. It was established in 1944 after a series of amalgamations of smaller cooperatives, starting in Saskatchewan, including the Saskatchewan Co-operative Wholesale Society and a fuel production and distribution co-op, the Consumers’ Co-operative Refinery Limited. Federated had expanded to Manitoba, Alberta, and British Columbia by 1970. Federated Co-operatives is owned by about 160 member co-operatives across the region. Some are large co-operatives, such as Saskatoon Co-op and Calgary Co-op, while others are small co-ops based in small towns, such as Abernethy Co-op.

Media cooperatives are a form of cooperative that report on news based on the geographic location of their membership, or the general interests of the membership. Often they are a form of alternative media, critical of mainstream perspectives, with progressive society stances. However, several cooperatives outside of the West are established mainstream media outlets. Media cooperatives often unite customers and service providers to oppose a pure profit motive in the media. In contrast to mainstream media companies, media cooperatives are able to report independently, due to the minimization of the Principal–agent problem. Media cooperatives are growing in popularity as a form of organization for media reporting, however access to capital and lack of awareness in society present challenges to proliferation.

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 is owned and democratically controlled by its members who can stand for election to the board and who also share in the society's profits. A proportion of the profits of the business are also invested in local community groups through its community dividend grants programme and its more than 60 member classes.

<span class="mw-page-title-main">Tamworth Co-operative Society</span> Consumer co-operative in Tamworth, Staffordshire, England

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.

References

  1. "Mutuals Public Register: Chelmsford Star Co-operative Society Limited". mutuals.fca.org.uk. Archived from the original on 28 October 2021. Retrieved 18 April 2021.
  2. p4 of its annual report and financial statements for the 52 weeks ended 26 January 2019 https://www.chelmsfordstar.coop/sites/default/files/fields/society-report/documents/report_accounts_19_aw_web.pdf
  3. p20 of https://www.chelmsfordstar.coop/sites/default/files/fields/society-report/documents/report_accounts_19_aw_web.pdf
  4. p26 of https://www.chelmsfordstar.coop/sites/default/files/fields/society-report/documents/report_accounts_19_aw_web.pdf
  5. History of Chelmsford Star Co-operative Society Archived 2016-03-04 at the Wayback Machine Chelmsford Trades Union Council (retrieved 1 November 2014)
  6. Statement on the Co-operative Identity (Definition) International Co-operative Alliance, Manchester, 1995
  7. Rulebook Archived November 1, 2014, at the Wayback Machine 3.1(a) Chelmsford Star Co-operative Society, April 2014
  8. Welcome to Chelmsford Star Archived 1 November 2014 at the Wayback Machine Chelmsford Star Co-operative Society (retrieved 31 October 2014)
  9. Directors' report on p7 of https://www.chelmsfordstar.coop/sites/default/files/fields/society-report/documents/report_accounts_19_aw_web.pdf
  10. "Find Nearest Store | Chelmsford Star". food.chelmsfordstar.coop. Archived from the original on 12 March 2022. Retrieved 9 October 2022.

Further reading

Wallace, Malcolm (1999). Chelmford Star – A Co-operative History. Chelmsford Star Co-operative Society.