Piling company invests in efficient new machinery following £500k boost
A £500,000 hire purchase funding deal with Lloyds Bank has enabled a Rochdale piling company to invest in new machinery and increase its efficiency and reliability.
Cohesion Piling, established in 2012, specialises in piled foundation and underpinning work across both the public and private sectors.
The business installs concrete or steel piling to support structures around the UK ranging from standard housing and cinemas to tower blocks and office developments.
Lloyds Bank has a long standing relationship with the company, having supported it with an overdraft facility when it was first putting together a business plan in 2012, and has been working with it since.
The business has grown since then and has seen a steady increase in demand for its services post-pandemic.
The durability of the new CFA Piling Machine makes it more effective, and it also boasts a bigger rig which allows the piles to get in quicker, making the system more economical. The machine is currently being debuted in Blackpool for four weeks before moving on to its next site.
Next year, Cohesion Piling is looking to develop further by replacing and adding to its fleet of four. This includes machinery for new, lower carbon products, eliminating steel reinforcement and minimising site waste. It is also keen to grow in size and is partnering with Manchester Building College to recruit graduates for work experience.
Gary Kime, manager at Cohesion Piling, said: “Cohesion Piling is currently experiencing high demand, and we are excited to continue growing as an organisation and be able to serve our customers with increased proficiency. We are looking forward to the new developments that the updated machine will bring with it.”
Danial Helsby, relationship manager for Lloyds Bank, said: “We are proud to be supporting Cohesion Piling with their endeavour to increase the reliability and efficiency of their work, thereby maintaining higher turnover rates.”
Gregg Menzies, associate director, asset finance for Lloyds Bank, said: “At Lloyds Bank we are keen to support the CapEx plans of North West businesses via a full range of asset funding options and the construction industry continues to be a strong sector for us.”
