A HIGH-FLYING business that supplies, installs and maintains overhead cranes has relocated to a new base in Dronfield after securing funding from NatWest.
Cobal Cranes Ltd which used to operate from three different sites in the Rotherham and Sheffield areas has invested £315,000 to move and purchase a 10,000sq ft site on Callywhite Lane, Dronfield.
Cobal’s new base includes a workshop, storage facilities and office accommodation.
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.”
Established in 1976, Cobal 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.
Cobal employs 12 staff and has a turnover of £1.2m and provides services to customers throughout Yorkshire and the Midlands.
NatWest’s commercial banking team in Sheffield provided Cobal with a £215,000 loan to help fund the property purchase.
Martin Gorman, Nat West relationship director, 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 should benefit the business and we are very pleased to help them acquire the Dronfield site.”