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Business

Successful MBO for Plastic Card Services

UK card manufacturer, Plastic Card Services (PCS) now has a sole owner after a successful management buyout last month.

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Tim Holt is now the sole owner of PCS after a successful management buyout of co-founder Rob Nicholls.

Through lithographic and digital printing production, the firm manufactures recyclable and eco degradable plastic cards as well as direct mail, fulfilment, and card personalisation.

Co-founder Tim Holt is now the sole owner of the firm after the buyout of co-founder Rob Nicholls.

Nicholls and Holt founded the company after being made redundant from DataCard Corporation. After 28 years, PCS now has a 30,000sq ft facility with the ability to manufacture 160 million cards each year.

After almost 30 years at the helm of the business, Nicholls has decided to move on from PCS to focus on ventures outside of the print and card manufacturing sectors.

 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

Nicholls says: “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 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.”

While Nicholls is moving on, Holt is looking forward to growing the business further. He adds: “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.”

If you have any news, please email carys@linkpublishing.co.uk or join in with the conversation on Twitter or LinkedIn.


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