CPC was created in 2000 as an arm of the purchasing team at The University of Salford. The consortium was developed to fill a gap in the provision of reliable and best-value frameworks for the FE sector. Our services proved to be so useful that the FE sector bought the company in 2009, at which point we achieved charitable status.
We now operate as a not-for-profit organisation, meaning that any surpluses generated are invested back into member support and wider services. All of the income generated from CPC's activities stays within the FE and Academy sectors, and is used to sustain and expand the range of contracts for goods and services that we provide, and to support training initiatives.
CPC runs under a Board comprising four college Finance Directors, the Chair of the FE Directors of Finance Group, Peter Brewer (Managing Director of CPC), a representative from the Association of Colleges, three members of the FE Procurement Advisory Group and a College Principal. The Board will shortly be augmented by the addition of a representative from the Academy Sector.
Crescent Purchasing Ltd is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. The registered charity number is 1130461 and the company number is 06774578.
The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
The directors and trustees serving during the year were as follows:-
Technology House, Lissadel Street, Salford, M6 6AP
Most of CPC's income is provided by our contracted suppliers as a small percentage of the value of sales to members. All of the income generated from CPC's activities stays within the Further Education and Academies sectors, and is used to sustain and expand the range of contracts for goods and services that we provide, and to support training initiatives for our members.