Red Circle is committed to providing your business with the best prices on a wide range of products and services with all profits returned to our members and shareholders.
Our Companies (Red Circle Wholesale Ltd and Convenience Stores Buying Group 3 Ltd) are Registered Public Companies under the 1993 Companies Act. They are not listed. Red Circle was registered in June 1992.
Shares are available by invitation only. Shareholders are limited to currently operating and trading Service Stations, Motor Repair Garages and convenience stores.
These operations can be:
- Private Owner (End Dealer)
- Commission Agents
Each Shareholder holds 2,000 $1 Shares. On exiting the Service Station (etc) industry Shareholders must sell their shares back to the Company at par. The Companies are operated as a co-operative with all profits being returned to Shareholders pro-rata of their spending with the Company.
Red Circle is controlled by a board of directors. Directors are appointed by the shareholders at it’s annual general meeting. The chairman is elected by the board from within the board. The Chairman does not hold a casting vote. The day to day running of the company is in the hands of the Executive Director.
To provide Shareholders with a means of obtaining goods and services at the best price and terms of payment. The success of this will enable the company to return all the profits annually to the Shareholders in proportion of their support.