East of England Co-operative Society

In this article we will talk about East of England Co-operative Society, a highly relevant topic that has captured the attention of experts and fans alike. East of England Co-operative Society covers a wide range of aspects ranging from its impact on society to its influence in the professional field. Over the years, East of England Co-operative Society has sparked intense debate that has led to greater understanding and exploration of its implications. In this article, we will analyze in depth the relevance and impact of East of England Co-operative Society, as well as the different perspectives that exist around this topic.

Not to be confused with Anglia Regional Co-operative Society.

East of England Co-operative Society Limited
Company typeConsumer co-operative
IndustryFood retail, funeral services, travel agents, security
Founded1868 (Ipswich Industrial Co-op Society); 2005 (East of England Co-op Society)
HeadquartersWherstead Park, near Ipswich, Suffolk, England
RevenueIncrease £353.5 million (18/19)
Increase £4.953m (18/19)
MembersDecrease 138,975 Active (18/19)
Number of employees
Decrease 4,282 (18/19)
Websitewww.eastofengland.coop/

The East of England Co-operative Society is the fourth largest consumer co-operative in the United Kingdom after The Co-operative Group, The Midcounties Co-operative and Central England Co-operative. It is a registered society with its headquarters in Wherstead, near Ipswich and trading in the eastern counties of Essex, Suffolk, Norfolk and Cambridgeshire. The Society is the area's largest independent retailer.

History

See also: History of the cooperative movement

The East of England Co-operative Society is an amalgamation of smaller societies from across East Anglia which have joined together over the years. Most recently, the Colchester and East Essex Co-operative Society merged with the Ipswich and Norwich Co-operative Society in 2005.

The consumer co-operative movement has its roots in the early part of the nineteenth century and the principles of self-help and social equity that developed during the Victorian era. The first successful retail co-operative was established in 1844 by the Rochdale Pioneers. The Ipswich and Norwich Society was the product of an amalgamation, in 1993, of the Ipswich Co-operative Society (known as the Ipswich Industrial Co-operative Society from 1868 to 1968 and incorporating, since 1991, the engagements of the former Stowmarket Society, established 1889) and the Norwich Co-operative Society (formed in 1858). The Colchester and East Essex Society was founded as Colchester Co-operative Society in 1861, expanding through merger with the following co-operative societies:

Society Established Transferred
Tiptree Self Help 1895 1921
Clacton 1931
Coggeshall Heart-in-Hand 1945
Harwich, Dovercourt and Parkeston March 1967
Maldon Nov. 1967
Witham June 1970
Earls Colne Aug. 1970

Activities

East of England Co-op food store in Coggeshall, Essex
Photograph of an East of England Co-op Funeral Services office in West Mersea, Essex
East of England Co-op Funeral Services office in West Mersea, Essex

The East of England Co-op’s principal business activities are food retailing, funeral services and management of its investment property portfolio. They also have interests in petrol forecourts, travel, events and conferencing, security, and stonemasonry.[citation needed]

It previously ran a dairy with doorstep deliveries, but this was sold to Dairy Crest in early 2008 and their department stores and a jewellery store were sold to Vergo Retail in 2009. In 2010 their car dealerships were also sold to various owners. In early 2019 the Society sold its pharmacy and optical businesses.

The Society is a corporate member of the Co-operative Group, sourcing its food through the national buying programme, the Co-operative Federal Trading Services.

Membership

Customers and employees who join the co-op as members receive a dividend card, which when presented at transaction enables them to receive points. These points are then allocated a monetary value, decided by the board and based on the organisation's profits that year.

Membership is open to all customers, colleagues and communities in the East of England Co-op's trading area. Members receive a share in the profits and in 2021 more than £1.8 million was issued as dividends.

See also

References

  1. ^ "Mutuals Public Register: East of England Co-operative Society Limited". Mutuals Public Register. Financial Conduct Authority. Retrieved 12 August 2021.
  2. ^ Scialom, Mike (30 August 2023). "East of England Co-op opens first Cambridgeshire store in Waterbeach". Cambridge Independent.
  3. ^ Hill, Jessica (28 November 2018). "REVEALED: the top 100 companies in Suffolk". East Anglian Daily Times.
  4. ^ A brief history of the Ipswich and Norwich Co-operative Society Archived 27 February 2010 at the Wayback Machine East of England Co-operative Society (retrieved 3 September 2009)
  5. ^ A brief history of Colchester and East Essex Co-operative Society Archived 1 March 2010 at the Wayback Machine East of England Co-operative Society (retrieved 3 September 2009)
  6. ^ "East of England Co-op - Why we do what we do". East of England Co-op. 12 August 2021. Archived from the original on 21 September 2020.
  7. ^ "Co-operative Motor Group Citroen King's Lynn". Archived from the original on 18 July 2011. Retrieved 16 June 2010.
  8. ^ "Co-operative Motor Group Peugeot Norwich". Archived from the original on 18 July 2011. Retrieved 16 June 2010.
  9. ^ "Co-operative Motor Group Peugeot King's Lynn". Archived from the original on 18 July 2011. Retrieved 16 June 2010.

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