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Co-op Events : VIC Last Updated: Nov 28, 2009 - 10:00:09 AM  RSS feed


Warrnambool Co-operative in Voluntary Administration
By David Griffiths
Oct 24, 2007 - 10:19:12 PM

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After 47 years, the Warrnambool Co-operative Society in the Australian state of Victoria is in voluntary administration. For four years the co-op has had a deficit - peaking at A$1.35 loss in 2006-07.

Front page of Warrnambool Co-operative Society Ltd web site, 24 October 2007

The administrator of the co-operative , Ferrier Hodgson, is looking for a buyer.

The Warrnambool Co-operative Society Ltd was established in 1960 when 32 farmers subscribed to establish the co-operative.

The co-operative's principal activities have been retail sales, herd improvement and milk harvesting services.

Milestones since its establishment in 1960 have included:

  • 1963 Artificial insemination business strengthened and merchandise is sold to members from the boot of a car.
  • 1964 Membership 412 and annual turnover A$280,000
  • 1976 Membership more than 1,000 and name Warrnambool Co-operative Society Limited formally adopted.
  • 1982 Turnover exceeds A$5 million and membership 1,791
  • 1992 Expansion of main store in Timor Street and booklet published - Highlights in History
  • 1996 Turnover more than A$20 million and membership over 5000
  • 2000 Turnover A$32 million, more than 8000 members and Chief Executive Bill Quinlan retires after 40 years with the co-operative.
  • 2005 Western Herd sold to Genetics Australia.






© Copyright 2007 by Victoria Coop News

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