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LocoSoco Group #LOCO – Trading Statement
LocoSoco Group Plc, the Wiener Borse traded company that builds technology to profit from creating sustainable communities, is pleased to announce a trading update for February 2020.
As indicated in post year end highlights in our full year results statement published on December 4th 2019, the last quarter of the year and decade delivered significant growth in partnerships across the independent retail sector, the backbone of LocoSoco’s vision to enable sustainable communities.
Over 150 shops were onboarded across the UK from Penzance to Aberdeen between October 2019 and January 2020. Added to this, more than 10 new advisors, among whom are some of the most successful and reputable leaders in the industry, have joined the team including:
- Kay Patel – Global Food & Wine (Best One) Multi-award winning retailer with a group of stores in East London, Member of the National Federation of Retailers Newsagent (NFRN) and Association of Convenience Stores (ACS).
- Avtar Sidhu – Budgens, St Johns Wood, Ex IT Company owner turned multi-award winning retail store owner and Board Member of the Association of Convenience Stores(ACS).
- Raj Aggarwal – Spar – Multi-awarding winning retailer with multiple outlets in the Midlands and Board Director of the Association of Convenience Stores (ACS) and Spar Meridian and Welsh Guild Board Member
The recently-launched MyEco.Site is already proving very popular with retailers as an online extension to their store fronts, giving them a new unique proposition to promote and sell over 300 eco-products to their respective communities.
LocoSoco Eco-Refill stations are now situated in over 50 shops and charity shops, along with a number of schools and places of worship. And Wandsworth Oasis has just set up a pilot scheme with MyEco.Site.
LocoSoco have also confirmed a stand at the biggest retail event of the year at the NEC in Birmingham (National Convenience Show). Founder and CEO James Perry will be taking part on a panel discussion on Sustainability in Retail on the 1st April. (email locosoco@locoso.co for complimentary tickets).
LocoSoco have also recruited a Community Psychologist, Luca Comazzi as Community Engagement Officer to build relationships, and articulate shared revenue and equity opportunities with communities across the country.
CEO James Perry commented: “The surge in community partners and advisors joining our team is no coincidence; the LocoSoco offering is seen as a potential cornerstone for sustainable commerce as we head into a new decade.
Industry backing for our offering continues to grow, as our company now offers the Holy Grail for brands by reaching independent retailers through our network.
LocoSoco Eco-Refill stations and MyEco.Sites will continue to incentivise our network of award winning retailers, and at the same time help challenger brands expand market share.
As trading patterns emerge from Eco-Refill and MyEco.Site outlets, we will be providing detailed financials and ARPU data in future updates.
During Q1 2020, we are targeting more than 500 outlets to become part of the LocoSoco network, and as we expand our team we aim to reach 4,000 by the year end. I look forward to updating you on further progress.”
Ends.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Novus Communications Ltd
Alan Green / Jacqueline Briscoe
+44 (0)7976 431608 / +44 (0)207 448 9839
Keswick Global AG – Capital Market Coach
Tim Curle, Klaus Schwerdtfeger
info@keswickglobal.com / +43 (1)740 408045
About LocoSoco Group Plc
LocoSoco builds technology to profit from creating sustainable communities. We work with community partners to turn community assets into eco-enterprises enabling them to generate additional revenues whilst going green.
Community partners have the opportunity to engage with their local community on sustainability, whilst also earning additional revenue for themselves, their businesses and causes.
LocoSoco Group Plc listed on the Austrian Wiener Borse Direkt Market in February 2019.
LocoSoco Group Plc #LOCO – Issue of Shares
LocoSoco Group Plc, the Wiener Borse traded company that builds technology to profit from creating sustainable communities, announces the issue of 30,000 new ordinary shares at £1 per share to Novus Communications Ltd in part settlement of an agreement to provide investor relations services.
The Company also issues 1,000,000 new ordinary shares at 25p per share to William John (HV) plc as a result of their exercise of warrants.
Following the issue of shares, the Company announces that in accordance with Financial Conduct Authority’s Disclosure and Transparency Rules (“DTRs”), the total issued share capital of the Company with voting rights is 13,863,733 ordinary shares.
Ends.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Novus Communications Ltd
Alan Green / Jacqueline Briscoe
+44 (0)7976 431608 / +44 (0)207 448 9839
Keswick Global AG – Capital Market Coach
Tim Curle, Klaus Schwerdtfeger
info@keswickglobal.com / +43 (1)740 408045
About LocoSoco Group Plc
LocoSoco builds technology to profit from creating sustainable communities. We work with community partners to turn community assets into eco-enterprises enabling them to generate additional revenues whilst going green.
Community partners have the opportunity to engage with their local community on sustainability, whilst also earning additional revenue for themselves, their businesses and causes.
LocoSoco Group Plc listed on the Austrian Wiener Borse Direkt Market in February 2019.
Convenience Store – LocoSoco value refill solution designed to help stores join eco revolution
Convenience retailers keen to join the “refill revolution” are being offered a new route in, with the help of new social enterprise LocoSoco which offers a wide range of refillable household products at value price points.
The solution, launched in partnership with Delphis Eco, allows shoppers to buy a range of concentrated ecological cleaning “shots” for £1 and offers convenience retailers a profit on return of 75%.
Just over 30 stores are already stocking the new refill offer, but the company expects this figure to soar in 2020 following the official launch of a new online platform MyEco.Site which will allow retailers to extend their offering with over 300 eco-friendly “challenger brands”.
LocoSoco chief executive and founder James Perry told C-Store: “Convenience retailers are the heart of their communities and can lead real environmental change but we understand that there also needs to be an incentive to do so, especially in the current climate where they may be a bit more reluctant to take risks.
“Our Eco Refill stations do more than just save plastic, they also offer retailers 75% profit on return and save shoppers money on quality eco-friendly products too.”
Sid Sidhu, owner of St John’s Budgens in Kenilworth, has just started stocking three products from the range of refillable cleaning products, which he said was already “causing a stir among local shoppers”.
The refill shots, which cost retailers 12p, are sold for an rrp of £1.00 and the range is fully branded and supported with eye-catching point of sale.
“I think that with the right advice, support and products, refillable goods could be really really big for the convenience industry, but support will be key to that if its ever to become anything other than a limited offering. This new system is certainly going the right way about changing the game though,” he said.
Just over 50 stores are also in the pipeline for the new online platform which will offer each retailer a free personalised web page where shoppers can order from a large and growing range of eco-friendly, ethical products from other quality “challenger brands.”
Orders placed via the website will be delivered to stores on pre-set dates for customers to collect. The company is also offering retailers help with their social media presence.
“The growth of high street chains, online shopping and economic uncertainty have created a perfect storm of challenges,” Perry added.
“Our popular eco products with strong margins could go some way towards making a difference. Throw in a free online shop for your store and we are starting to level the playing field,” he added.
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LocoSoco Collaborates with Iron Maiden founding member Tony Moore at the launch of his exclusive Signature Wine Collection.
Friday 6th December
LocoSoco Group Plc, the company quoted on the Direkt Market segment of the Vienna Stock Exchange, that builds technology to profit from creating sustainable communities is pleased to announce an exclusive collaboration with Iron Maiden and Cutting Crew founding member Tony Moore to launch his new range of signature wines in collaboration with the TORTI Estate in Italy and in support of the NSPCC Charity. builds technology to profit from creating sustainable communities is pleased to announce an exclusive collaboration with Iron Maiden and Cutting Crew founding member Tony Moore to launch his new range of signature wines in collaboration with the TORTI Estate in Italy and in support of the NSPCC Charity.
- The ‘Christmas Special’ event takes place on Tuesday 10th December, 7pm onwards at The Bedford, Balham, London.
- The event is sponsored by LocoSoco Social Enterprise and Tony Moore’s TORTI Signature wines.
- Along with other original Iron Maiden band members, singer, songwriter Tony Moore will perform a selection of hits to celebrate with the TORTI family the launch of his signature wine collection.
Ends.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Via Brand Communications and Novus Communications Ltd
Alan Green / Jacqueline Briscoe
+44 (0)7976 431608
+44 (0)207 448 9839
Capital Market Coach
Keswick Global AG
Tim Curle, Klaus Schwerdtfeger
info@keswickglobal.com
+43 (1)740 408045
LocoSoco Group Plc #LOCO – Full year results, trading update and MyEco.site launch
LocoSoco Group Plc, the Wiener Borse traded company that builds technology to profit from creating sustainable communities is pleased to provide a comprehensive trading update and FY results for the year ending May 31st 2019.
Financial Highlights:
The loss after tax was £240,550 to 31 May 2019 2019, (31 May 2018: £32,279), giving a loss per share of 2.06 pence (31 May 2018: 0.31 pence).
During the year the Group raised £305,757 through share issues (2018: £179,978). Total assets increased from £222,382 in 2018 to £304,995 in 2019, and total equity increased from £196,814 in 2018 to £262,021 in 2019.
There is no tax charge for the year.
Operational and Post Results Period Highlights:
– Over 20 brand partnerships for sustainable products and services now in place, including prestigious brands such as Delphis Eco, Bio-D, Rude Health, Twipes, London Houseguards Gin, Torti Wine, Eco-Living now signed up as sustainable product and service partners, with over 10 new partnerships with store owners of symbol groups including Nisa, Costcutter, One Stop, Premier, Budgens, Simply fresh and Spar signed up in Q4 2019 alone.
– Over 50 shops signed up, with 20 in November 2019 alone.
– Over 25 refill stations now signed up, with over 10 in October 2019 alone.
– Over 40 My Eco-Sites, our ‘instant e-commerce solution’ web store and affiliate page for community assets launched in December 2019. MyEco.Site brings over a dozen partner brands with over 300 sustainable products as part of a roll out of services to enable community owned enterprise at scale.
LocoSoco CEO James Perry said: “While our statutory results to May 31st 2019 reflect a period of foundation-building for a technology start up company, I am delighted that the long anticipated roll-out of brand partnerships, shops and refill stations has absolutely hit the ground running, with our operational size effectively doubling during Q4 2019.
We are in the midst of a sustainable revolution both for the environment and the economy. At a rough estimate, 50% of household spend could transition into sustainable alternatives. That’s a whopping £400 billion market annually in the UK alone. A typical village with a church and local shop will generate some £1.5m in transactions, equating to around £37k per head in the village. LocoSoco can provide that community with the tools to move that spend into to sustainable alternatives.
We are also proud and excited to be launching MyEco Sites this month, providing our partner brands with a channel to address specific needs within communities. With My Eco Sites, we have provided our sales team with a complete range of tools to roll out to local communities across the UK. I look forward to providing a further trading update early in 2020.”
Ends.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Via Brand Communications and Novus Communications Ltd
Alan Green / Jacqueline Briscoe
+44 (0)7976 431608
+44 (0)207 448 9839
Capital Market Coach
Keswick Global AG
Tim Curle, Klaus Schwerdtfeger
info@keswickglobal.com
+43 (1)740 408045
Alan Green talks to James Perry, CEO LocoSoco Group Plc
Alan Green has a quick chat with James Perry, CEO of LocoSoco Group Plc. James explains how LocoSoco’s re-filling retail approach is ideally positioned to take advantage of the ‘return to local’ as buyers shun supermarkets and multi nationals in favour of sustainable, eco-friendly and independent products and services. He also explains how LocoSoco are helping to build assets in communities through their everyday purchases and introduce technology to enable this at scale. Added to this, individuals and local businesses have the opportunity to grow their revenues and increase their asset ownership through LocoSoco Group Plc and Community owned enterprises. James also discusses the Wiener Borse listing, and how to buy shares in the company. More here: https://locoso.co
LocoSoco Group Plc (LOCO) – Trading Update
LocoSoco (LOCO) is pleased to provide a progress and trading update ahead of full year results due to be published in October 2019. The Company has been building its offering for independent retailers and communities, and has been working closely with Social Enterprise, FairShares and a growing list of partner companies.
With a focus on sustainability, eco-friendly products and independent brands, the first half of 2019 has seen LocoSoco management and sales teams focused on developing manufacturer and service partners, along with growing the product range. As such, the Company is pleased to announce the launch of a branded product in partnership with Delphis Eco, a small refill station for household and professional cleaning products, which include 500 refills of Anti-Bacterial Spray, Multi-Purpose Cleaner and Washroom Cleaner.
LocoSoco service partners to date include:
Delphis Eco – Professional eco-cleaning products
Bio-D – Household eco-cleaning products
Rude Health – Dairy Free Milk Drinks
Kilner & Rayware – Glassware
Twipes – Bio-degradable wet wipes
Suma – Wholesaler of bulk foods
The Right Roast – Speciality Coffee from around the U.K.
Singolovino – Online wine club
Torti Wines – Multi-Award Winning Italian Wines
London Houseguards Gin – Multi-award-winning Gin brand.
Suma Wholesalers – Bulk products for refill stations
Ceem – Personalised Video Communications at Scale
Currently the Company is working with shops, schools, places of worship, community centres and local businesses, many of whom are starting to see fivefold returns from a modest initial outlay. In doing so, these entities are now providing a valuable eco-refill service for their respective communities.
LocoSoco are continuing to work on a number of distribution partnerships ahead of a wider UK wide rollout of services. These will be announced in due course.
LocoSoco CEO James Perry commented: “The year to date has presented LocoSoco with numerous challenges and opportunities. It is gratifying to see that our management and sales teams have delivered such rapid progress in a relatively short space of time. We look forward to updating the markets as the year progresses.”
Ends.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Via Brand Communications and Novus Communications Ltd
Alan Green / Jacqueline Briscoe
+44 (0)7976 431608
+44 (0)207 448 9839
Capital Market Coach
Keswick Global AG
Tim Curle, Klaus Schwerdtfeger
info@keswickglobal.com
+43 (1)740 408045
LocoSoco Group Plc (LOCO) Directorate Change
Monday 24th June 2019
LocoSoco Group PLC, a provider of goods and services to local enterprise and enabler of community owned supply chains announces that CMO Alex Mark has resigned with immediate effect in order to pursue other opportunities.
The directors are seeking to appoint a suitable replacement as soon as possible, and an announcement will be made in due course.
James Perry, CEO of LocoSoco Group Plc, commented: “Alex has played a key role in the development of LocoSoco and in regard to our float on the Wiener Borse in February this year. We wish him well for the future.”
Ends.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 538 0716
Via Brand Communications and Novus Communications Ltd
Alan Green / Jacqueline Briscoe
+44 (0)7976 431608
+44 (0)207 448 9839
Capital Market Coach
Keswick Global AG
Tim Curle
info@keswickglobal.com
+43 (1)740 408045
LocoSoco’s Alex Mark talks to The Oblique Life pages podcast
LocoSoco’s CMO Alex Mark joins a discussion themed on Mother Nature featuring Justin Lennon, a marine biologist and 
entrepreneur of company Conservation Guide, and Julia Koskella who works at SYSTEMIQ, a company that helps global corporations, NGOs and policy-makers to solve today’s sustainability challenges. Alex talks about our plans for refill models and enabling the values of sustainability to work economically.
Three Reasons why the future of the High Street is Local – LocoSoco Thought Leader
LocoSoco loves local. It may not feel like it right now but believe us when we say the future of the high street is local. The range of technological developments and economic pressures that have pushed many small businesses to the brink will see a reversal of fortunes. Perhaps not tomorrow, but certainly in the next 5-10yrs, and here’s why.
- The world population continues to grow. Its estimated there will be around 8.5 billion people on the planet by 2030. We have a finite space in which to live, work and grow the food we need to eat. Already we are seeing projects in many cities where new living spaces are being combined with retail ones. Towns are developing multiple retail areas rather than a single shopping centre. Rising travel costs and environmental concerns mean that unnecessary journeys, retail and otherwise will be out. People are going to spend more time in their local area. Working, leisure and shopping will become much more localised out of necessity.
- Those out of town retail parks aren’t going to go away but they will change their purpose. If people don’t want to travel, then goods and services will come to them. Storage space will be at a premium on the high street so out of town retail parks will likely become distribution centres for local populations rather than a gathering of shopfronts to visit. Consumers will use the high street or the internet to order from and delivery will be sent from the distribution centre.
- The personal touch remains important. Despite fears that the up and coming generations will be wedded to digital transactions there is evidence to suggest that the opposite will be the case. People who are ‘born digital’ (the under 25’s and the still to arrive) are actively seeking ‘real’ experiences to complement their prodigious online consumption. The internet may be the source of most of their mischief, but research has shown that shopping continues and will continue to be a desired social activity. The need for human interaction and physical presence during transactions will still be with us.
There’s no doubt that the shape and look of the high street is going through changes. In the short-term we’ll likely see more closures, but the matter of business re-modelling can lessen the impact. LocoSoco is re-imaging the role of community assets such as local shops, schools and places of worship to play a greater role in meeting the challenges of sustainability whilst supporting local economies that work for all. The future for the high street is local, blended and absolutely there for small businesses to thrive in.
The time to start putting those wheels in motion is now.
Find out how LocoSoco generates new revenue opportunities for independent retailers here: https://locoso.co/local-shops/
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