Central Wool Growers Ltd was formed in 1929 as a Co-operative Society for the benefit of wool growers in the East Midlands.

The Company has always been based in Stamford and has been an important part of the town community and surrounding areas, with its wool operation and the retail store, both of them benefiting the agricultural sector and providing employment for generations of local people.

Over the years, several retail stores were set up, from Lincolnshire down to Essex and across to Northamptonshire. The retail side was sold in 2010 to Mole Valley Farmers, who are based in South Molton, Devon, with Central Wool Growers still owning the freehold to seven sites, thus providing a good rental income.

Part of the Stamford site was released by MVF in 2016 and the company currently has four good tenants, being Mole Country Stores, Priory Veterinary Services, Bright Lite Structures and Optima Selfstore.

It worked closely with British Wool from the 1950's, being contracted to supply graded wool for sale at auctions in Bradford. This association continued until early 2021, when British Wool decided to bring all of their grading facilities in-house. The Company was offered a contract as a collection centre but decided against that as it wouldn't have been financially viable, plus Bright Lite Structures had expressed an interest to take up the rental of the ‘wool shed’ as they were expanding their operations.

As the Company looks to the future, although with no operational side for the first time in its 92 year history, the continuing rental income is vital and will benefit both the Society's shareholders and pensioners. The company, in line with many others, has a pension deficit with an agreement with the Pension Regulators to clear this by 2034 and continues to work with the Pension Trustees and advisor's to ensure this is met.

– Statement of Investment Principles
– Download the ‘Income Statement’ and ‘Statement of Financial Position‘
– CWG Chairman’s AGM Board report 041220
  • visit: www.britishwool.org.uk
  • visit: ww2.defra.gov.uk
Telephone: 0790092686207900926862

© Central Wool Growers Ltd
Company Registration No. 10934R
Unit 2, Wool Depot, Uffington Road, Stamford, Lincs, PE9 2BF