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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.”



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 – 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.”




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


+43 (1)740 408045

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