A Family Affair: Ensuring Successful Succession

A Family Affair – Hand Over Amongst the most significant challenges in the lifetime of any business is when the baton is passed from the current leader to their successor. Succession naturally comes with complications and an inevitable, but hopefully temporary, sense of instability for all parties.  Employees, current management, previous management, buyers, suppliers and […]

Building Your Business

Read my latest Building Your Business column in the Burton Mail. This week I look at the challenges and opportunities surrounding the planning for a family succession within a business. If you would like to discuss your current family succession plan or if you have questions that you would like me to cover in  future columns please do not […]

Family business succession is not the easiest exit option!

Research for the Department of Business Innovation and Skills, published in May 2014, estimated that there were over 850,000 family businesses in the UK – 71% of all SME’s. Whilst there are differing views on the precise definition, and consequently number, of “family businesses,” they are undoubtedly a major component of the UK business economy. […]