According to a filing at Companies House, ID Data went into administration with Tenon Recovery on 27 November, the second time the company has failed in less than 18 months.

The Petersfield, Hampshire-based business has now become part of the Tall Group, which operates as Tall Security Print in Cheshire and Checkprint Limited of Leicestershire, after Tall Group acquired the business and assets of CDML.

Martin Ruda, managing director of Tall Group, said it had previously been looking into the secure card sector so the acquisition opportunity came at a "good time" for both parties.

He added: "We are pleased to welcome to the group an excellent team of people at ID Data, whose capabilities and quality products and services have been well proven over many years.

"We believe there is an excellent fit in terms of technology, customer relationships and culture, and we are very excited about future opportunities, both in the UK and overseas."

According to Ruda, the company employed 75 staff at the time of acquisition, all of whom will be taken on the the Tall Group. He added that ID Data brings with it a turnover of between £5m-£6m.

ID Data was previously bought by Card Data Management – an investment vehicle headed up by its founder Peter Cox in March this year. Cox will no be taking a role in the new business.

The acquisition brings a range of secure payment cards, retail, identity and access cards, as well as card payment technology services to the Tall Group.

Speaking about the acquisition, Cox said the company now has a "solid home for the future".

He added: "I am confident that the acquisition by the Tall Group will be a great success."

The Tall Group of Companies now has a turnover of around £16m and has a client base that includes Barclays, RBS Group, HBOS, HSBC and Nationwide.