Local Plus

Last updated
Local Plus (Conveco Ltd)
Private limited company
Industry Retail
Fate Group brought by the Co-operative Group
Predecessor Alldays
Founded May 2001 [1]
Defunct May 2004 [2]
Headquarters Long Ashton, Bristol
Key people
Tony O'Neill (MD)

Local Plus was the trading name of a group of sixty four convenience stores trading in the South West of England, owned by Conveco Ltd, which was formed when three Alldays Regional Development companies were bought in a management buyout in 2001. In May 2004, the group was subsequently brought by the Co-operative Group.

History

Conveco Limited was the group name but was in fact split into three smaller trading companies. Plymouth and Cornwall Convenience Stores Limited, Devon and Cornwall Convenience Stores Limited and Somerset and Bristol Convenience Stores Limited

Conveco was formed by a management buy out of the Alldays South West stores in 2001 by Allen Hutchby, Richard Tipper and Greg Gardener. The stores they acquired from Alldays were then rebranded to Local Plus, and supplied by Nisa. In November 2001, Conveco acquired four stores of Spar in cornwall, then a further two a year later. These stores continued to trade and be supplied by Spar.

The Co-operative Group

The Co-operative Group, trading as the Co-op, is a British consumer co-operative with a diverse family of retail businesses including food retail and wholesale; electrical retail; financial services; insurance services; legal services and funeralcare, with in excess of 4,200 locations. It is the largest consumer co-operative in the UK and owned by more than 4.5 million active members. Membership is open to everyone, provided they agree to subscribe £1 sterling in the capital of the society and share the values & principles upon which the group was founded. Members are democratically involved in setting business strategy, decide how social goals are achieved, and share in its profits – in 2016, £19m was returned to members and their chosen local community causes via the 5+1 scheme. No year end dividend was paid in 2015.

Conveco operated a total sixty four stores in Cornwall, Devon, Somerset and Bristol. The head office was located at the store in Long Ashton in Bristol.

In 2003 new management was brought in, to turn around the companies fortunes. The original CEO left, and trouble shooter Tony O'Neill was brought in. [3] Subsequently, Conveco signed a new distribution deal with Spar, which saw the stores being supplied by Appleby Westward Limited in Saltash, Cornwall. Over the coming months most of the stores had their Local Plus fascias replaced with Spar fascias.

In the beginning of 2004, it was announced that the Co-operative Group had purchased Conveco outright. Co-op continued to trade the stores as Spar for a further six months, due to contracts that Conveco had signed with them. After this, the Conveco estate of stores was split up, with all the Plymouth and South Devon stores being sold on to the Plymouth & South West Co-operative Society, and the rest retained by the Co-operative Group which now trade under the Co-op Welcome fascia.

The Plymouth and South West Co-operative Society Limited, known locally as Plymco, was founded in 1859 by ten tradesmen. The society grew from 18 members, as recorded on 3 January 1860, to a membership of over 130,000.

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References