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Co-operatives

Forums › ACCA Forums › ACCA BT Business and Technology Forums › Co-operatives

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by mrjonbain.
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  • April 5, 2017 at 6:54 pm #380212
    Lisa
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Co-operatives are businesses owned by their workers or customers, who share the profits.
    An example of co-operative in the UK is Co-operative bank.

    Is the Co-operative bank owned by its customers?

    I checked wiki, it says the co-operative bank is a public limited company. I thought there is a difference between a limited company and a co-operative as to ownership and control.
    So can a company be both? And is the co-operative bank an example?

    April 5, 2017 at 10:34 pm #380222
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2421
    • ☆☆☆☆☆

    The cooperative group is a part owner of the Cooperative bank.The cooperative group basically is the owner of shares in the Cooperative bank which is a plc.

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