The reaction between [Co(PMe3)4] and B2(4-Mecat)2 (4-Mecat = 1,2-O2-4-MeC6H3) or between [Co(PMe2Ph)4] and B2(cat)2 (cat = 1,2-O2C6H4) affords the paramagnetic Co(II) bisboryl complexes [Co(PMe3)3[B(4-Mecat)]2] and [Co(PMe2Ph)3{B(cat)]2] respectively, both of which have been structurally characterised. ESR data and preliminary diboration and boryl transfer reactivity studies are also presented. The reaction between [CoMe(PMe3)4] and B2(cat)2 affords the Co(I) monoboryl complex [Co(PMe3)4[B(cat)]].