NCR Capricorn 25
Published on May 20th 2022 in

Capricorn celebrates 25,000-member milestone

Capricorn celebrates an outstanding milestone in 2022, reaching 25,000 Member businesses across Australia and New Zealand, 48 years after it was founded by

17 Golden Fleece service station operators in Western Australian.

At 25,000 plus Members, Capricorn is now the third-largest cooperative in Australia and is proud of the impact it has had on Member businesses, their families and the broader automotive aftermarket industry.

As a cooperative, Members are also the owners, making them eligible for dividends (if they are declared), and by using their Capricorn Trade Accounts to purchase from Capricorn Preferred Suppliers, Members were able to benefit from $92 million in pre-tax returns in 2021, a member value return of 28%.

“I genuinely believe cooperatives are purpose-driven organisations that have relevance and meaning for their members’ lives every day. This is the difference between the investor model and the cooperative and mutual model of business, and it is the bedrock that makes them so special, said David Fraser, Capricorn CEO. “Supporting our members’ businesses and helping to make them stronger is fundamental to ensuring a positive and sustainable future. Making your business stronger is without a doubt the major advantage of being a Capricorn Member, as more than 25,000 Members across Australia and New Zealand can attest.”
NCR David Fraser

 

Bradley Gannon, Capricorn Automotive CEO added: “The more we grow our membership, the more opportunity there will be to add even greater value to our members, to help them run an even better and stronger business. “Although our size and offering have increased over the years, what hasn’t changed is our complete member focus – we still put the member at the heart of everything that we do. Together we are stronger and together we will survive and thrive in these challenging and ever-changing times.”
Brad Gannon

Industry Partners

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