MBO Completion for PCS

  • by Plastic Card Services
  • 10.05.2021
  • Company News

Highly regarded UK card manufacturer Precision Card Services (PCS) Limited has announced exciting changes ahead following the completion of a management buyout in April 2021.

After initially starting PCS back in 1993, Tim Holt has become the sole owner of the business on completion of the buyout from original co-owner Rob Nicholls.

Rob and Tim established the company together after they were both made redundant from the DataCard Corporation because of the recession in the early 90s. They saw an opportunity in the commercial card market and with them having over 20 years combined expertise in the field, felt it was a good time to launch their own company. 28 years later PCS now boasts a 30,000 sq ft purpose-built facility with capacity to manufacture and process up to 160 million cards per annum and has an unrivalled reputation within the card market.

After almost 3 decades at the helm, Rob took the decision to move on from the business to focus on new projects away from the print and card manufacturing industry, whilst Tim remains providing stability for the company’s 34 employees and will continue to work with the senior management team to drive the business forward.

Tim Holt commented “PCS has been a huge part of my life for the last 28 years and whilst Rob is looking to new ventures, I believe we have a great team here at PCS and I am certainly looking forward to working with them as ever in developing the business. If we need any advice, I know Rob will be happy to offer his expertise as he always has done.”

Rob added “After much contemplation I have taken the difficult decision to move on from PCS.  It has been my life for almost 30 years, but other things now beckon for me.  It has been a journey of learning and development, working alongside the best colleagues one could ever hope for and I leave with the comfort of being able to see the business grow and maintain its’ envied position, not just as an expert in card technologies but also highly respected within the business community. I wish Tim and the team all the very best and shall of course keep in touch for drinks etc!”

Adam Unsworth, Managing Director said “We are all sad to see Rob go, but having the continual backing from Tim is a real boost to us all and with a host of new developments on the horizon, we are definitely in for some exciting times!”

With both lithographic and digital production facilities, PCS is one of the UK’s leading manufacturers of fully recyclable and eco degradable plastic cards and associated services such as card personalisation, direct mailing and fulfilment, as well as offering data management and artwork services.