Cohesion Piling in Rochdale is set to increase its efficiency and reliability following a £500,000 investment in new machinery supported by Lloyds Bank.
Established in 2012, the company 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 them with an overdraft facility when they were first putting together a business plan in 2012, and has been working with them ever since.
The business has grown since then and has seen a steady increase in demand for its services post-pandemic. The hire purchase funding from Lloyds Bank of £500,000 has allowed Cohesion Piling to invest in new machinery, which will increase efficiency and reliability allowing it to grow the business even further.
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.
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.
"It is important for us to continuing advancing our company over the years, and we're pleased to have had Lloyds Bank by our side since 2012 to support our progress. We are looking forward to the new developments that the updated machine will bring with it."
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