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Entrepreneur sells PCR Business he founded at 13 to Abica Group [Herald, The (Scotland)]
[November 01, 2014]

Entrepreneur sells PCR Business he founded at 13 to Abica Group [Herald, The (Scotland)]


(Herald, The (Scotland) Via Acquire Media NewsEdge) ENTREPRENEUR Nick Cohen, 24, has sold a stake in the business IT support firm he founded as a 13-year-old to Abica Telecoms Group.

Mr Cohen said the transaction puts his firm, PCR Business, on the "next step" of its journey as it looks to double turnover over the next 12 months.

The former Mearns Castle High School pupil did not disclose the terms of the deal, but said it concerns a "large minority" stake of the business, which started out with him fixing PCs in his bedroom.

Mr Cohen described the transaction as a "match made in heaven" and stressed that it lets his business retain its own identity while enjoying the benefits of being part of Abica, with which it shares many clients. "It's a very exciting time for us," he said.



PCR will look at how it can build on the services it offers, and aims to "saturate" the market in the west of Scotland, he also noted.

"Abica will support our further UK-wide expansion, which has been an ambition of mine for some time," he added.


Mr Cohen, a regional ambassador at Prince's Trust Youth Business Scotland and a Queen's Baton Relay bearer for the Glasgow 2014 Commonwealth Games, also emphasised his continued dedication to the business and its development.

Additionally, he pointed out that he is always interested in considering further opportunities, adding that the Abica deal provides "more bandwith to look at other projects".

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