Tamworth Co-operative Society Limited is a small independent consumer co-operativeinTamworth, 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]
The society's department store and headquarters in central Tamworth
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| Formerly | Tamworth Industrial Co-operative Society Limited |
|---|---|
| Company type | Consumer co-operative |
| Industry | Retail and funeralcare |
| Founded | 1886 (1886) in Tamworth |
| Headquarters | 5 Colehill, Tamworth, Staffordshire, England |
Key people |
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| Revenue | £23,392,000 (2019) |
| Total assets | £13,681,000 (2019) |
| Total equity | £2,380,723 (2019) |
| Members | 20,193 (2019) |
Number of employees | 283 |
| Website | tamworth.coop |
| Footnotes / references | |
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]
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