Our geographical trading area is concentrated in Derbyshire and Leicestershire but extends north up to South Yorkshire, west as far as Staffordshire, and south into Warwickshire, Worcestershire and even Herefordshire. Since the merger of Midlands with Anglia Co-operative, the eastern part of our trading area extends to Lincolnshire and Norfolk, right to the eastern shores of England.
Our headquarters and business support centre is in Lichfield. The main difference is that we are not accountable to shareholders but to our members. Members own the business and twice a year receive a dividend based on profits. Through our Community Dividend, we return a percentage of our trading profit back to charities and good causes in our local area. Use the store finder to locate and get directions to your nearest supermarket or food store, petrol station, funeral home or other service offered by Central England Co-operative.
Yes, it is, but now we refer to it as "share of the profits". As a member you receive a membership card which you can use every time you shop with us to collect points based on the value of your purchase. Each year the board of directors recommend a dividend value based on value per point, so the more points you collect the bigger your share of the profits.
Find out more about becoming a member. The Community Dividend scheme is our way of giving back to our local community. Each year we set aside a percentage of our trading profit as funds for local charities and community initiatives.
Some other great ways to learn about co-operatives View this short video that explains what a co-operative is.
And this video on building a better world - the co-operative way. Visit our page on A Silent Transformation Skip to main content.
Find a Co-op Downloadable Resources. Toggle navigation. Find a Co-op. Subscribe to our Newsletter. Learn more by viewing our FactSheet on What is a Co-op? Learn more about financial co-operatives, or check out Cultivate.
Coop - a great resource with films and videos about co-operatives from Canada, the US and around the globe! Another key distinction is that business corporations are mandated by law to provide shareholder value - i. Co-operative corporations are owned by their members , and while they provide value to their membership, their primary responsibility is to meet their members' needs. Unlike private companies, co-operatives do not have a limit on membership numbers.
We keep a public register of Victorian co-operatives, authorise their registration and enforce the Co-operatives National Law in Victoria. To search the public register for a registered co-operative in Victoria, view our Co-operatives and limited partnerships search page. Co-operatives can be involved in a variety of social and commercial activities.
A co-operative may carry out any activity defined within its rules. Co-operatives can be established as either a distributing or a non-distributing organisation. You need to specify the type of co-operative you wish to establish when it is formed. A distributing co-operative formerly known as a 'trading' co-operative may distribute any surplus funds to its members. It must have share capital and at least five active members.
If less than five active members wish to form a co-operative, they must get permission from the Registrar. A co-operative can distribute part of its surplus to members by way of bonus shares, dividends or rebates. When a distributing co-operative is formed, each member must buy the minimum number of shares stated in the co-operative's rules.
If the co-operative is wound up, members receive a return on the capital they invest. A non-distributing co-operative formerly known as a 'non-trading' co-operative will use surplus funds to support its activities. Funds are not distributed to members. Non-distributing co-operatives are likely to be more appropriate for a community organisation. A non-distributing co-operative must also have at least five active members, but must not distribute surpluses to its members.
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