MICA DIY, Staffordshire
A CBC supported buying and marketing co-operative consortium
Mica DIY is a co-operative of retailers that provides marketing, joint buying, store development and training for its members. The co-operative offers its members a beneficial support structure, while allowing them to maintain their independence.
The organisation was previously a 60% member-owned business, called Mica UK Ltd. A victim of the recession, Mica UK went into administration in 2009. Wishing to see the benefits of working together preserved, board members chose to set the organisation up again and, in March 2010, members voted to change the ownership to a 100% member-owned co‑operative. It now has over 60 members, with shops across the UK from Shetland to Portsmouth.
Chief Executive, Steve Ball, said: “When Mica UK went into administration, members quickly decided to set it up again as Mica DIY Ltd. “The members felt that it was the right thing to do, as the organisation was already run with co‑operative values. It was a good decision that it should be entirely member‑run. “The dominance of large national and international DIY chains has had a significant impact on smaller independent retailers. Mica DIY supports these independent retailers. “There is also the problem that many of these retail giants sit in retail parks, outside of city centres. Towns and cities are beginning to suffer because of this. The majority of our members own stores in towns, and this goes towards maintaining the local economy”.
Kevin Wan and his co-operative accounts team spent time re-shaping and reviewing MICA’s business plans and financial forecasts.