The Burton Latimer Co-operative Industrial & Provident Society Ltd., commonly known as "The Co-op" was owned by residents of the town who were the shareholders; they had a sharebook and were issued with a number, often as a household rather than individuals.

When a purchase was made a small ticket was issued, on it was the amount spent and the customer’s share number, the top copy was given to the customer and the second copy went to the office, the dividend or “divi” as it was called was added to their account and it was paid to them every six months.

The Society was managed by a President with a committee whose members were residents of the town and the day-to-day running of the business was the responsibility of the General Secretary.

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