Business expansion announced

Bondholder Cosy Direct is expanding to new premises to support its ambitious growth plans.

The company, which sells ethical educational outdoor play equipment to schools and nurseries, is preparing to occupy a brand-new £2m warehouse which will double Cosy's current capacity.

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The expansion will support Cosy, which last year posted an £8.4m turnover, as it sets out on an ambitious programme to grow by a further 50%, increase its export operation six-fold and increase its product range and supply network, which is made up predominantly of small local companies.

The company prides itself on its sustainable approach to business, with the majority of its products made in the UK in order to reduce air miles, and an emphasis on reusing and reinventing end-of-life products such as rubber tyres, by transforming them into mirrors, grass-covered seating or whiteboard circles and physical development equipment.

The new facility is at Fauld, on the Derbyshire/Staffordshire border, and will be called Crater's Edge.

Mr Peter Ellse, founder of Cosy, said: “We’re excited about Crater’s Edge because it has double the capacity and will allow us to showcase what we are really about in a rural environment.

“The move will also support our ambitious plans to grow our business, which have already started in earnest this year and will see us increase our operations levels, grow our export channels, add more depth to our board and grow our social media teams.”