The Royal Arsenal Co-operative Society (RACS) was a consumer co-operative based in south east London taking its name from the royal munitions works (Royal Arsenal) in Woolwich. Initially established in 1868 as the Royal Arsenal Supply Association by 20 workers from the Royal Arsenal, the society renamed itself Royal Arsenal Co-operative Society in 1872. In the century that followed, the society's activities expanded from food retail into a huge range of commercial, social & political activities. Having begun operations from a room of a house in Plumstead, by its height (circa 1975) the society had outlets across most of South London and parts of Hampshire, Berkshire, Kent, Surrey and Sussex. Membership rose to 500,000 and sales exceeded £60million. Yet by 1985 its commercial problems were