Scotmid
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| Type | Consumer co-operative |
|---|---|
| Founded | 1859 |
| Headquarters | Edinburgh, Scotland, UK |
| Key people | John Brodie, Chief Executive Hollis Smallman, President[1] |
| Active members | ▲ 237,000 (2008)[2] |
| Industry | Retail, Property, Funeral Services |
| Products | Grocery, Health & Beauty, Funeral Services, Residential/Commercial Property |
| Revenue | ▲£378 million GBP (2008)[1] |
| Operating income | ▲£5.1 million (2008)[1] |
| Net income | ▲£3.5 million before distributions (2008)[1] |
| Employees | 4,200 |
| Website | www.scotmid.com - Corporate, www.scotmid.co.uk - Convenience Stores |
The Scottish Midland Co-operative Society Limited, trading as Scotmid Co-operative, is an independent retail consumers' co-operative which operates in Scotland, especially Edinburgh and the Lothians. It was formed in 1981 by a merger of the Dalziel Society of Motherwell with the St. Cuthbert's Co-operative Society which had been established in 1859. With over 4,000 staff, the chain now has over 130 supermarkets in Scotland and over 130 Semi-Chem throughout Scotland, Northern Ireland and England.
Like most retail consumers' co-operatives in the UK, ScotMid is incorporated as an Industrial and Provident Society, regulated by the Financial Services Authority.[3]
Contents |
[edit] History
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Please help improve this section by expanding it. Further information might be found on the talk page or at requests for expansion. |
Scotmid added Dundas Fyfe funeral directors to its funeral operation. The head office moved from Fountainbridge, Edinburgh, where it had been since 1859, to a new purpose-built office near Newbridge.
In 2003, Scotmid acquired Wakefield-based national distribution business, M & S Toiletries.[4]
In the early 21st century, Scotmid acquired several competing convenience stores in Scotland, including Semi-Chem, Alldays, 13 SPAR stores and Morning, Noon & Night.
[edit] Morning, Noon & Night
Morning Noon & Night was a Scottish convenience store chain set up in Dundee in 1991, by retailing executive Eddie Thompson (who became chairman of Dundee United F.C. in 2002.)
In 2004, he sold the company to Scotmid for £30m.[5].
This allowed Scotmid to add the 50 Morning, Noon & Night stores to their portfolio letting them expand into the areas of Scotland, such as the Highlands, where they didn't previously have any stores.[6]
[edit] References
- ^ a b c d 2008 Summary Report (for year ended 26 January 2008).
- ^ 2008 Annual Report (for year ended 26 January 2008).
- ^ Companies House Webcheck, Company No. SP2059RS, retrieved on May 10, 2008
- ^ History. Scotmid.
- ^ "Dundee firm sold for £30 million", Evening Telegraph, 3 August 2004.
- ^ "Rival bags convenience store deal", BBC News, 3 August 2004.
[edit] External links
- Scottish Midland Co-operative Society - Corporate Site
- Scottish Midland Co-operative Society - Convenience Stores Site
- Scottish Midland Co-operative Society - Funeral Directors
- Semi Chem - Health & Beauty Site
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