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Radstock Co-operative Society

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Radstock Co-operative Society Limited
Company typeConsumer Co-operative
IndustryRetail, Agriculture
Founded1868
HeadquartersRadstock, Somerset, United Kingdom
Area servedSomerset, England
Key peopleDon Morris CEO
Revenue£47.9 million (2020/21)
Operating income£745,000 (2020/21)
Net income£644,000 (2020/21)
Total assets£13.4 million (2015/16)
Members7,000 (2014)
Number of employees369 (2014)
Websitewww.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. It is owned and democratically controlled by its customer members, who numbered approximately 7000 in 2014. The society grew from a turnover of £15 million in 2006 to over £35m by 2016, doubling the number of stores over the period. 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. 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. In August 2020 the store was moved to temporary premises for the duration of the redevelopment. Demolition of the old building started in November 2022.

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.

Locations

Early delivery wagon of the Radstock Cooperative Society, Taken in Radstock Museum
The store in Coleford

See also

References

  1. ^ Report and Financial Statements - 52 week period ending 22 February 2014 (PDF) (Report). Radstock Co-operative Society. 2014. Archived (PDF) from the original on 17 August 2016. Retrieved 10 May 2014.
  2. ^ Hadfield, Miles (24 May 2021). "Radstock Co-op returns to profit with operating surplus of £745k". Co-op News. Co-operative Press. Archived from the original on 10 October 2022. Retrieved 6 January 2022.
  3. ^ Report and Financial Statements - 52 week period ending 27 February 2016 (PDF) (Report). Radstock Co-operative Society. 2016. Archived (PDF) from the original on 10 October 2022. Retrieved 4 August 2016.
  4. "Stores & Services". Radstock Co-operative Society. Retrieved 4 December 2023.
  5. Press, Susan (24 August 2007). "New Radstock chief gears up for Tesco fight". Co-operative News. Co-operative Press. Archived from the original on 18 July 2011.
  6. Sumner, Stephen (28 October 2020). "Co-op committed too much to walk away from Radstock development". Bath Echo. Archived from the original on 31 October 2020. Retrieved 28 October 2020.
  7. ^ "As RADCO demolition gets underway, how will it affect local life?". The Midsomer Norton & Radstock Journal. 16 January 2023. Retrieved 4 December 2023.
  8. "Stores". Archived from the original on 29 October 2012. Retrieved 23 October 2012.
  9. "News: 140th Anniversary". Radstock Co-operative Society. 2008.
  10. "Annual Report 2009/10". Radstock Co-operative Society. p. 3.
  11. "Annual Report 2010/11" (PDF). Radstock Co-operative Society. p. 16.
  12. ^ "Annual Report 2011/12" (PDF). Radstock Co-operative Society. p. 18.
  13. "Farrington Gurney Convenience Store Now Open". Radstock Co-operative Society. 20 November 2013. Archived from the original on 10 October 2022. Retrieved 20 February 2014.
  14. Thorne, John (13 March 2023). "Balloons, ribbon-cutting and a town crier as new Co-op store opens in Watchet". West Somerset Free Press. Retrieved 4 December 2023.
Consumer co-operatives in the United Kingdom
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