How it all works

• The supplier must satisfy each Member individually that they will save money. This is fundamental for each Member to want to trade with the Supplier.

• Each Member trades with the Supplier in the normal manner, and negotiates prices direct.

• Each Member has the option of monthly consolidated invoicing and online ordering from the Supplier.

• All orders are delivered NEXT WORKING DAY.

Once a quarter the Supplier:

1. Supplies a schedule of members for each group involved and the value of their respective purchases.

2. Refunds to the Group a Retrospective CASHBACK Discount equivalent to 5% to the Group +VAT.

3. The Group Administration Company deducts the admin charge +VAT (assessed at 10% +VAT) and credits the balance to the Members' Accounts in the same proportions as their purchases relate to that quarter's worth of supplies.

4. The members receive the balance of their member's account +VAT together with an appropriate credit note.

• NOTES

• The admin charges are intended to cover the general cost of providing this service (including any bank charges), and dealing with VAT returns.

• The group itself is not profit making and so does not incur any Income Tax liability.

• Each Member will have to account to H.M. Customs and Excise for the refunded VAT in their VAT return in the normal manner.

• If the Group discontinues for whatever reason, each Member will receive the outstanding credit balance of their account.