12 Feb 19: Wakefield-based YPO, the largest public sector buying organisation in the UK, created more than £7m in dividends for local authorities last year The organisation, which was formed to use its bulk-buying power to boost public sector savings, is 100 per cent publicly owned by 13 local councils, which means all its profits are returned to the public purse. Latest figures show that last year it returned £7.5m to the owning member authorities, meaning it has delivered a total £150m in dividends to councils since it was established in 1974.