Midcounties Co-operative
The Midcounties Co-operative Limited, trading as Your Co-op, is a consumer co-operative in the United Kingdom with over 700,000 members. Registered in England under the Co-operative and Community Benefit Societies Act 2014, it is a member of Co-operatives UK and Federal Retail Trading Services.
| Your Coop | |
| Formerly |
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| Company type | Consumer Co-operative |
| Industry | Retail (Wholesale) |
| Founded | 1969 |
| Headquarters | Co-operative House, Warwick Technology Park, Gallows Hill, |
Key people | Phil Ponsonby (CEO) |
| Products |
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| Revenue | £1.18 billion (18/19) |
| £7.18million (20/21) | |
| Members | 640,989 (2022) |
Number of employees | 7,294 (2022) |
| Website | midcounties |
The Society's principal activity is retailing in parts of the West Midlands, South West, and South East regions, however some of its businesses do trade nationally. Its trading groups are Food, Travel, Phone Co-op, Post Office, Childcare and Flexible Benefits. The society is also active in recruiting electricity and gas customers through its Co-op Energy brand, and in community-owned energy generation through a partnership with Octopus Energy.
The Midcounties Co-operative has its headquarters in Warwick, Warwickshire, with trading outlets in Berkshire, Buckinghamshire, Oxfordshire, Gloucestershire, Wiltshire, Shropshire, the West Midlands, Worcestershire and the surrounding counties, but also has a national trading presence through its Travel, Childcare, Phone Co-op and Flexible Benefits businesses.
As of 2019, Midcounties generated £1.5bn of sales and had over 500 trading sites. Trade with members as a proportion of total sales was 42%.
The Midcounties Co-operative invests in the communities in which it trades through responsible trading, local sourcing, community projects and charitable work. In 2018/2019 Midcounties paid out £1.6million in community and charity giving, paying out £1.3 million to its members as a share of the profits.
In the last full year of trading, 2018/19, Midcounties recorded sales of £1.55bn (£1.48bn 2017/18) and an operating profit before exceptional items of £8.2m (£10.9m 2017/18). The Society had £39.2m in bank debt (£54.1m 2017/18) and a £41.3m (£48.5m 2017/18) pension deficit as at 26 January 2019. Society membership was over 700,000 in 2019, up 11% over the year and a 22% increase over a three-year period.
The Society is run by a non-executive Board of 16 Directors, which is chaired by the Society's President. The members of the Board are elected directly by the members. The current President is Helen Wiseman.