New bosses on fast track

Business development director Richard Carr led the buy-out team, with financial director Zahir Altaf, sales director Graham Cofield and technical director Christian Fletcher.

All four have become equal shareholders in the business, which has designed, fabricated and installed cranes and heavy-lifting gear since 1969, and is a major supplier to railways.

Mr Carr, now managing director, said: “The buyout team is very confident about future prospects, particularly as export markets now provide extensive sales opportunities. We are benefiting from increased investment in new rolling stock and maintenance depots in the UK.”

Mechan will operate from Thorncliffe Park until 2009.