1 / 22

“A co-operative revival is underway” Financial Times, 2013

“A co-operative revival is underway” Financial Times, 2013. Contributing to the UK economy. Turnover £36.7 bn Number of co-operatives 6,169 Number of memberships 15.4 m. What is a co-operative business?.

xerxes
Download Presentation

“A co-operative revival is underway” Financial Times, 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “A co-operative revival is underway” Financial Times, 2013

  2. Contributing to the UK economy Turnover £36.7 bn Number of co-operatives 6,169 Number of memberships 15.4 m

  3. What is a co-operative business? Co-operatives are businesses. Like any other businesses, they aim to be productive and competitive and are focused on making a profit. Where co-operatives are unique is that they are owned and democratically controlled by members not outside investors.

  4. Co-operative businesses in the UK

  5. The business case Business growth The co-operative business sector has grown by 23% since the start of the credit crunch.

  6. The business case Employee productivity Employees of worker owned businesses are nearly twice as productive as employees of conventional businesses.

  7. The business case Consumer trust 52% of people who expressed a view, described co-operative businesses as trusted, compared to just 7% for PLCs. The top three words used to describe co-operatives were ‘Fair’ (65%), ‘Democratic’ (58%) and ‘Trusted’ (52%).

  8. The business case Financial resilience Over 90% of co-operatives are in business after three years, compared to 65% of all businesses.

  9. The business case Product innovation As member owned businesses, co-operatives integrate the ideas of employees and customers, the best source of new business ideas.

  10. CASE STUDY Co-operative Energy Main business Gas and Electricity Retailer Annual turnover £45m (2012–3) Turnover was £7m in 2011–2. Anticipated turnover £150m (2013–4) Number of employees 170

  11. CASE STUDY West Highland Free Press Main business Publishing a weekly newspaper for the Scottish western Highlands and Islands Annual turnover Approaching £1m Number of employees 15

  12. CASE STUDY Anglia Farmers Main business Sourcing of agricultural inputs Annual turnover £231m Number of employees 115

  13. CASE STUDY The Wine Society Main business Sourcing and purchase of wines, delivered by mail order to members Annual turnover Turnover averages around £70m a year Number of employees 209

  14. CASE STUDY Nisa Main business Support services for independent retail businesses Annual turnover £1,579m Number of employees 290

  15. CASE STUDY Delta-T Devices Main business Design and manufacture of specialised instruments for environmental science Annual turnover £3.5m Number of employees 38

  16. Learn more about co-operative businesses Get technical advice on specialist business support www.uk.coop/option

  17. www.uk.coop/option

More Related