Radstock Co-operative Society explained

Radstock Co-operative Society Limited
Type:Consumer Co-operative
Foundation:1868
Location City:Radstock, Somerset
Location Country:United Kingdom
Key People:Don Morris CEO
Area Served:Somerset, England
Members:7,000 (2014)
Industry:Retail, Agriculture
Revenue:£47.9 million (2020/21)
Operating Income:£745,000 (2020/21)
Net Income:£644,000 (2020/21)
Assets:£13.4 million (2015/16)
Num Employees:369 (2014)
Homepage:www.radstockcoop.co.uk

Radstock Co-operative Society is a small regional consumer co-operative, which was established in Radstock, Somerset, England in 1868 and in 2023 operated 21 food stores across Somerset, three with post office facilities, alongside a 1,000 acre farm.[1] It is owned and democratically controlled by its customer members, who numbered approximately 7000 in 2014.[2] The society grew from a turnover of £15 million in 2006 to over £35m by 2016, doubling the number of stores over the period.[3] The business has held the Fair Tax Mark since 2016.

In 2016, the society operated a large supermarket in Radstock and eighteen convenience shops in nearby areas.[4] The society also owns Manor Farm at Hardington, a dairy farm which supplies a substantial portion of the organic milk sold through UK Co-operative Stores. It previously owned a Homemaker Furniture store.

In 2020 the society obtained planning permission to replace its Radstock "superstore" with a housing and new store development. The old single-storey building was beyond economical repair, and will be replaced with two three-storey buildings and a public square.[5] In August 2020 the store was moved to temporary premises for the duration of the redevelopment.[6] Demolition of the old building started in November 2022.[7]

The society participates in the British co-operative movement. As well as supplying cheese for national distribution by the Co-operative Retail Trading Group (CRTG) through a milk processor, it obtains food goods from the CRTG. It is a corporate member and shareholder of The Co-operative Group, a national business that is successor to the Co-operative Wholesale Society. In line with many retail co-operatives across the UK, during the late 2000s the society began converting its stores from the 1993 dark blue Co-op cloverleaf branding, to green “The co-operative food” fascias, alongside acquiring stores in Shepton Mallet and Coleford.[8] [9]

Locations

See also

Notes and References

  1. Web site: Stores & Services . Radstock Co-operative Society . 4 December 2023.
  2. Report and Financial Statements - 52 week period ending 22 February 2014 . Radstock Co-operative Society . 2014 . 10 May 2014 . 17 August 2016 . https://web.archive.org/web/20160817095830/http://upload2.evocdn.co.uk/radstock/uploads/asset_file/2_0_yend-22-feb-2014.pdf . live .
  3. News: New Radstock chief gears up for Tesco fight . Press . Susan . Co-operative News . Co-operative Press . 24 August 2007 . https://web.archive.org/web/20110718162730/http://www.thenews.coop/index.php?content=story&id=1215 . 18 July 2011.
  4. Report and Financial Statements - 52 week period ending 27 February 2016 . Radstock Co-operative Society . 2016 . 4 August 2016 . 10 October 2022 . https://web.archive.org/web/20221010192501/http://upload2.evocdn.co.uk/radstock/uploads/asset_file/2_0_2016-annual-report-web.pdf . live .
  5. News: Co-op committed too much to walk away from Radstock development . Sumner . Stephen . Bath Echo . 28 October 2020 . 28 October 2020 . 31 October 2020 . https://web.archive.org/web/20201031065613/https://www.bathecho.co.uk/news/business/co-op-committed-walk-away-radstock-development-92233/ . live .
  6. News: Radstock Co-op returns to profit with operating surplus of £745k . Hadfield . Miles . Co-operative Press . . 24 May 2021 . 6 January 2022 . 10 October 2022 . https://web.archive.org/web/20221010192543/https://www.thenews.coop/154819/sector/retail/radstock-co-op-returns-to-profit-with-operating-surplus-of-745k/ . live .
  7. News: As RADCO demolition gets underway, how will it affect local life? . The Midsomer Norton & Radstock Journal . 16 January 2023 . 4 December 2023.
  8. Web site: Stores. 23 October 2012. 29 October 2012. https://web.archive.org/web/20121029071354/http://www.radstock-co-op.com/stores. live.
  9. News: News: 140th Anniversary. 2008. Radstock Co-operative Society.
  10. Web site: Annual Report 2009/10. Radstock Co-operative Society. 3.
  11. Web site: Annual Report 2010/11. Radstock Co-operative Society. 16.
  12. Web site: Annual Report 2011/12. Radstock Co-operative Society. 18.
  13. Web site: Farrington Gurney Convenience Store Now Open. 20 November 2013. Radstock Co-operative Society. 20 February 2014. 10 October 2022. https://web.archive.org/web/20221010192507/http://www.radstock.coop/blog. live.
  14. News: Balloons, ribbon-cutting and a town crier as new Co-op store opens in Watchet . Thorne . John . West Somerset Free Press . 13 March 2023 . 4 December 2023.

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