Heart of England Co-operative Society

rdf:langString Heart of England Co-operative Society

rdf:langString Heart of England Co-operative Society Limited

rdf:langString Retail

rdf:langString Clive Miles, President Ali Kurji, Chief Executive

rdf:langString Whittle House, Foleshill Enterprise Park, Courtaulds Way, Coventry, CV6 5NX

rdf:langString Heart of England Co-operative.png

rdf:langString The Heart of England Co-operative Society is an independent consumer co-operative in the United Kingdom. Based in Coventry, the Society trades in the English counties of West Midlands, Warwickshire, Leicestershire and Northamptonshire. Registered under the Co-operative and Community Benefit Societies Act 2014, the Society is a member of Co-operatives UK (formerly the Co-operative Union), the Co-operative Group (formerly Co-operative Wholesale Society) and its national buying scheme, the Co-operative Retail Trading Group. For the financial year ending 19 January 2019, turnover (excluding VAT) was £74.2m (£71.7m 2017/18) and operating profit was £2.9m (£5.5m 2017/18). The Society had no external bank borrowings and a £4.3m pension deficit (£8.4m 2017/18). The Society declared a £342k staff dividend (£376k 2017/18) and did not declare a member dividend or dividend bonus during the year. Heart of England Co-op had 137,500 active members in 2018. Each Heart of England Board Director is subject to re-election every three years by the full membership. The Co-operatives UK 'Code of Best Practice' also recommends a term-limit of six years for the Chair, but the current Board of the Society have waived this, as they 'believe that the individual elected annually (by Board Directors) should be judged on merit and should not be restricted to a pre-set maximum term'.