The name Cosalt was a portmanteau of the company's original title The Great Grimsby Coal, Salt and Tanning Company. Formed in 1873 as a co-operative of fishing vessel owners, it was a communal best-value support services company involved in servicing and supplying a variety of products and services for fleets, fishing, and other vessels, providing:
- Salt - to preserve the food and fish caught
- Tanning - to waterproof sails and rope
- Coal - to fire the vessels and galleys
The communal model grew around a number of other fishing and later UK marine ports, before the company was bought out by the son of one of the original founders, businessman Carl Ross of the Ross Group. The company floated in 1971, and was chaired by his son; and then grandson David Ross, co-founder of the Carphone Warehouse. The original business has now developed into marine and industrial safety centre, and diversified into other markets, including: Workwear and Corporatewear.
|Document:It’s Not Socialism. It’s Another Mega Wealth Transfer.||blog post||23 March 2020||Craig Murray||Amid the COVID-19 panic, it has hardly been noticed that Carphone Warehouse went bust, with 2,900 people losing their jobs. Its co-founder, David Ross, is of course the billionaire that Boris Johnson claimed paid for his luxury holiday to Mustique, whereas Ross claimed he only organised it.|