Capricorn

Burswood-based automotive supplies cooperative Capricorn Society has continued its rapid growth with sales revenue jumping 16 per cent to $537.6 million in the year to June 2005.

Western Australia quietly lost yet another cooperative in recent weeks, with the decision by automotive parts distributor Capricorn Society to become an unlisted public company.

Capricorn Society Ltd, the centralised buying arm of the automotive repair industry, has taken the final step in its transition from a co-operative to a public company by offering shares to its members.

FINANCIAL services may be a dirty word to most as the global turbulence slams this sector harder than most, but that hasn't stopped automotive parts group Capricorn Society Ltd from cranking up its own offering to the market.

Many not-for-profit organisations are rethinking their business model as the lines between the public, private and charitable sectors become more opaque.

WESTERN Australian grains handler Co-operative Bulk Handling, also known as CBH Group, has been ranked number one for the second consecutive year in Co-operatives Australia’s top-100 list, based on annual turnover.

Western Australia-based health fund HBF has offloaded its general insurance business to national giant IAG’s subsidiary, CGU, for an undisclosed sum as part of a strategy to focus on its core business.

Former Home Building Society managing director Greg Wall is moving back into a management role after being named as the new chief executive at motoring industry cooperative Capricorn Society.He will replace incumbent chief executive Trent Bartlett.

Pettit chairs Port Hedland port board

Co-operatives, mutuals and other not-for-profit businesses in Western Australia achieved solid growth last year, outperforming many private and listed companies.

Collapsed engineering firm Forge Group’s old premises in West Perth have firmed as a likely landing spot for automotive parts buying group Capricorn Society, which is looking to consolidate its office requirements into one location.

A boost in Capricorn Society’s profits has prompted the cooperative to announce a $16.7 million return to members.

Western Australia is leading the country when it comes to the cooperative and mutual business sector, with three local operations named amid the nation’s five largest.

A week after being named the country’s top cooperative business, CBH Group has revealed an anticipated revenue growth of nearly 40 per cent.

Vacancies across suburban office markets are decreasing, in contrast to those in the centre of Perth, but uncertainty remains for future developments outside of the CBD, according to new research.

The Western Australian cooperative and mutuals sector continues to perform strongly on the national stage, with WA accounting for four of the country’s top 10 co-ops and mutual enterprises, a new report has found.

Automotive Holdings Group today announced that HNA International (HNA) has confirmed that it is terminating the agreement announced on 23 November 2017 to acquire the Company’s Refrigerated Logistics business. 

Our weekly appointments wrap includes Wes Smith, Basil Lenzo, Nathan Harman, Chiara Pacifici, Joe Totaro, Kristie Young, Steven Lawrence, Neale Fong, Peter Mansell, Lee Guthrie, Paul Lombard and Sandra Bell.