24 Year Old Sells Stake in IT Company

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Award winning Glaswegian Young Entrepreneur Nick Cohen, 24, has just sold a large stake in his near 11 year old business to another local company, Abica. PCR, who provides IT support to businesses across the UK, are now operating as part of the Abica Telecoms Group, who provides Telecoms solutions to the same market.

This is a match made in heaven, the businesses have aligned principles and already share quite a few clients.

Award winning Glaswegian Young Entrepreneur Nick Cohen, 24, has just sold a large stake in his near 11 year old business to another local company, Abica. PCR, who provides IT support to businesses across the UK, are now operating as part of the Abica Telecoms Group who provides Telecoms solutions to the same market. Nick says 'this is a match made in heaven, the businesses have aligned principles and already share quite a few clients.'

Nick first started his business in 2004, fixing PCs from his bedroom (literally!). Throughout his time at High School, Nick grew the business with the support from his Mum and Dad. Following High School, Nick enjoyed a short stint at Strathclyde University before leaving to focus on his business full time. In 2009, Nick opened his first repair centre in the Southside of Glasgow, serving the public. Alongside this, Nick formed PCR, a business to business IT provider. In 2011, the repair service expanded into the Merchant City and was subsequently purchased in 2012, leaving Nick in control of PCR. Nick saw this exit from PC Repair as well timed; the repair sector was and still is in decline.

Since 2012, PCR has enjoyed two years of serious growth, with 2014 representing a 10 fold increase in profits. Nick is very excited about the times ahead. He says, 'Abica will support our further UK wide expansion, which has been an ambition of mine for some time. I’m also excited that we’ll be growing our team from our head office in Glasgow, with a focus on graduate placements in 2015 and 2016.'

Key Facts:

  •     Nick Cohen – 6th June 1990
  •     Started business 2004 whilst at Mearns Castle High School
  •     Opened first repair centre 2009, second in 2011 and sold repair business in 2012
  •     PCR will operate as a partially owned subsidiary of Abica
  •     PCR will provide further jobs from Glasgow HQ
  •     Nick is an Ambassador for the Prince’s Trust, Youth Business Scotland
  •     Nick is a strong supporter of Young Enterprise Scotland and all young people considering entrepreneurship as their route in life and is available for public speaking
  •     Nick was a finalist for the Glasgow Inspiring City Awards under the Young Business Person category this year (2014), he is currently a finalise for WeDO Scotland Awards 2014 (Young Business person)
  •     Nick was a Queen’s Baton Relay Bearer for Glasgow 2014 Commonwealth Games, an honour nominated by Young Scot
  •     Board Director at Renfrewshire Chamber of Commerce

Nick can be reached via:
Nick(dot)cohen(at)pcrbusiness(dot)co(dot)uk
07792050319

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Nick Cohen
PCR
+44 1416448960
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