Lord Tim Bell

The Financial Times is reporting that the Lord Bell and the Piers Pottinger are looking into the buyout possibilities for their firm, the Bell Pottinger, which they founded in the 1980s.

Bell Pottinger is big time in the U.K. though it recently made major headlines for footage of agency execs making unethical offerings to journalists posing as potential clients.

The FT says PR is a large but slow-growing business for Chime Communications, Bell Pottinger’s parent company. The Holmes Report says fee income for the Bell Pottinger Group (which operates as Chime’s PR division) were £68 million in 2010. Talks are in the early stages.