Cobal reaches for sky with investment
OVERHEAD crane supplier and installer Cobal Cranes has moved its operations from three separate sites in South Yorkshire to one location.
The business, which used to operate from three different sites in the Rotherham and Sheffield area, has invested £315,000 to purchase a 10,000 sq ft site in Dronfield.
The new base includes a workshop, storage facilities and office accommodation. NatWest has provided a £215,000 loan to help fund the purchase.
Established in 1976, Cobal employs 12 people and has annual turnover of £1.2m.
It supplies overhead cranes and associated equipment such as crane tracks, gantries, hoists, beams and carriages.
The business also specialises in refurbishment and repair work on behalf of customers and provides a full 24-hour breakdown service covering all structural, mechanical and electrical issues.
Steven Hides, Cobal Cranes’ managing director, said: ““Operating from three different sites was not ideal and limited our plans to develop the business.
“Bringing everything together under one roof means that we can operate more efficiently and this has been a priority for some time. We are delighted to have finally completed this move.”
NatWest’s commercial banking team in Sheffield provided Cobal with the £215,000 loan to help fund the property purchase.
Martin Gorman, relationship director at NatWest, said: “Given the nature of Cobal Cranes’ business it has taken a while for them to find a suitable site. The move to bring all operations under one roof for the first time should benefit the business and we are very pleased to help them acquire the Sheffield site.”
