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I organised the last group discount. We got between 5-10% off standard rims and then 20% off pro series rims. You can then share the delivery costs etc. Its definitely cheaper than buying on your own. My advice would be to get all of the group specs sorted and firm commitments from everyone first and then contact LB, saves lots of back and forth and price changes etc.
Edit: In response to Amey's questions. They only offer TPD at the moment so shipping is based on order value. We worked out everyone's share based on the proportional value of their wheels / rims. Minimum for any discount is 4 rims / 2 wheels but they only offer the 20% on 3 sets or more I think.
Saffronspokes
KarlMarx
Yeah looks like I will be coming back up to central for work soon (sigh) - go via Waterloo so sure something can be arranged. Office is in Farringdon. I'm not sure what the deal would be with multiple orders and what potential discount can be achieved through doing it that way. If anyone on here has experience feel free to chip in advice on that.