Tamworth Co-operative Society

Consumer co-operative in Tamworth, Staffordshire, England

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

283Websitetamworth.coopFootnotes / references

2019 FCA annual returns
Board of Directors

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]}

References

^ "Mutuals Public Register: Tamworth Co-operative Society Limited (2582R)". mutuals.fca.org.uk. Financial Conduct Authority. Retrieved 4 February 2021.
^ "Tamworth Co-operative Society". www.tamworth.coop. Archived from the original on 22 January 2021. Retrieved 4 February 2021.
^ 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.
^ "Our Roots". www.tamworth.coop. Archived from the original on 10 October 2022. Retrieved 4 February 2021.
^ 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.
^ "Board of Directors". www.tamworth.coop. Archived from the original on 9 February 2021. Retrieved 4 February 2021.