Growth

In 1960 the businesses were able to move from the rented premises they initially occupied to their own custom built site at Broad Lane Coventry.

In addition to electroplating items that in a largely unseen manner are involved in our everyday lives, Precious Metal Depositors has been involved in plating many out of the ordinary objects such as the High Altar Cross in Coventry Cathedral, State Regalia and even a replica of the Jules Rimet World Cup Trophy.

Its plating expertise and the ability to plate on a variety of surfaces produced some interesting spin offs like the "PMD Golden Boot" awarded to the scorer of the winning goal at the FA Cup Final from 1971-1976.

The growth of the businesses was such that the factory at Broad Lane had to be extended in 1965, an exercise that was repeated in 1969, 1971, and 1977.

At the age of 53, Richard Naylor died after a long fight against cancer. The following year, 1984, the Group completed the acquisition of Metallic Protectives Ltd in Warwick. An opportunity that Richard had been instrumental in identifying.

Richard's son Mark Naylor who had joined Precious Metal Depositors in 1980, was appointed to manage Metallic Protectives. From 1983 to 1989 the Group underwent a difficult period as it struggled to come to terms with the loss of the entrepreneurial direction provided by Richard.

In 1989 Mark Naylor returned to Broad Lane to head up the Group. To survive the recession which descended on the electronics industry the Coventry based companies were reorganised into one unit. Thus PMD(UK) Ltd was borne out of the combination of Precious Metal Depositors and PMD Chemicals.

 

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