Get involved: send your pictures, video, news and views by texting KNEWS to 80360, or email
Keighley family firm keen to keep expanding
10:30am Sunday 22nd September 2013 in News
An expanding family-run engineering business will use new funding to help it produce a new health and safety product.
Keighley-based C and C Hydraulics, run by husband and wife Ian and Lorraine Couch, who launched the business in 1994, moved into a larger £1.5m base at Aireside Business Park last year.
The firm, which started life in a bedroom, has received a £92,000 loan from Finance Yorkshire which it will use to add a new product to its range of hydraulic cylinders and systems for both UK and export customers.
Lorraine said: “We set up C and C Hydraulics 19 years ago and dealt with the buying and selling of hydraulic equipment from Europe and distributing it around the UK.
“Six years ago we expanded into manufacturing and we have continued to grow year-on-year.
“In 2008 we were producing 200 cylinders per month – but last month we supplied 2,500 which is why we moved into bigger premises in 2012.”
The business wanted to buy more equipment and approached Finance Yorkshire for assistance.
Lorraine added: “We wanted to purchase machinery that helped us to manufacture synchronised telescopic cylinders – which are predominantly used in elevator or lift applications and so can be used to replace the ladder in the workplace. Adding this to our portfolio opens us up to other industries.”
Jonathan Craig, Finance Yorkshire investment manager, said: “C and C Hydraulics is well established and has a strong presence in the agricultural sector. Following the relocation, there was an opportunity to continue its expansion and continue to grow their export market into Australia and US.
“We were pleased to help a home-grown company go into its 20th year of trading and we are excited to see it grow into new sectors.”
Finance Yorkshire provides seedcorn, loan and equity-linked investments, ranging from £15,000 to £2m to help businesses to meet their funding requirements for growth and development. For more information, visit finance-yorkshire.com or ring 0845 649 0000.
C and C has also used Business Growth Programme money to help fund a £114,000 investment in machinery to enable it produce larger hydraulic cylinders.
Comments are closed on this article.