Southern Co-operative

Southern Co-op (originally Portsea Island Mutual Co-operative Society Ltd, now officially The Southern Co-operative Limited)[1] is a regional consumer co-operative in the United Kingdom. The principal activities of the Society are food retailing and funerals. It operates over 200 convenience stores and 50 funeral homes, covering the southern English counties of Berkshire, Bristol, Devon, Dorset, Hampshire, Isle of Wight, Somerset, Surrey, Sussex and Wiltshire. Southern Co-op society is owned by over 130,000 members who share in the business's profits and democratically control its operations. It was previously registered as an Industrial and Provident Society, but its status is now as a mutual society under the Co-operative and Community Benefit Societies Act 2014.[1]

The Southern Co-operative Limited
TypeConsumer Co-operative
IndustryRetail
Founded1873
Headquarters1000 Lakeside, North Harbour, Western Road, Portsmouth, Hampshire PO6 3FE
Area served
Hampshire, the Isle of Wight, Sussex, Berkshire, Somerset, Surrey, Devon, Bristol, Kent and parts of Dorset and Wiltshire.
Key people
Mark Ralf, Chair
Mark Smith, Chief Executive
ProductsGrocer, Funeral director, Independent living
Revenue £494 million (21/22)
£3.3 million
Members 138,748 (21/22)
Number of employees
4,336 (21/22)
Websitethesouthernco-operative.co.uk

The business of the Southern Co-op includes a natural burial ground in West Sussex, crematoria in Hampshire and Devon, Following the acquisition from Midcounties Co-op in November, they have now expanded into Buckinghamshire and opened funeral homes in High Wycombe, Hazelmere, Wendover and Aylesbury. This increased the total number of funeral homes to 62. as well as an online home shopping service, Co-operative Mobility. Additionally, the Co-op franchises 57 Welcome stores operated by 26 franchisees under the Welcome brand and has a franchise project with Starbucks which has 50 stores.

In the full year ending 30 January 2022, Southern Co-op recorded sales of £494m (£490.3m 2020/21) and a profit before tax of £3.3 million (£1.2m 2020/21). Society membership was 138,748 in 2021/22, up from 132,051 in 2020/21.[2]

29,323 new Members joined Southern Co-op during 2021-22 (5,996 in 2020-21)

During the year 478 accounts were closed upon request and 22,819 accounts forfeited in accordance with the Rules. 671 previously forfeited accounts were re-opened upon request by the Member. The forfeiture process is set out within Southern Co-op’s Rules and is an important process to ensure that the membership register remains as accurate as possible.

History

Southern Co-op was formed in 1873 by dockyard workers who had transferred from Woolwich docks in east London to the Portsmouth dockyard. The workers had previously set up a successful Co-operative Society in Woolwich. When they arrived in Portsmouth they decided to replicate a similar set-up there.

In December 1872, 30 people attended a public meeting and unanimously agreed to pay one shilling (12 old pence) for the establishment of a local Co-operative. After five months, the Portsea Island Mutual Co-operative Society's first shop opened in Charles Street on 9 May 1873.

The head office was previously located at Fareham in Hampshire until, July 2011, when it moved to 1000 Lakeside, a business park in North Harbour, Portsmouth.[3]

Operations

Southern Co-operative branch in New Alresford, Hampshire in 2020.

Southern co-op operates over 200 Co-operative Food stores, covering Hampshire, the Isle of Wight, Sussex, Berkshire, Somerset, Surrey, Devon, Bristol, Kent and parts of Dorset and Wiltshire,they also operate 50 Starbucks stores which is franchised under Cobra coffee which is owned by Southern Co-op.

Registered in England and Wales under the Co-operative and Community Benefit Societies Act 2014,[1] it is a member of Co-operatives UK, the Co-operative Retail Trading Group and a corporate member of The Co-operative Group.

See also

References

  1. "FCA – Mutuals Public Register". Financial Conduct Authority. Retrieved 2 July 2021.
  2. "Southern Co-op Annual Review 2019-2020". thesouthernco-operative.co.uk. Retrieved 16 September 2020.{{cite web}}: CS1 maint: url-status (link)
  3. "1000 Lakeside is the new home for the Southern Co-operative". Southern Co-operative. 24 March 2011.
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