Family Businesses in the UK:
  • 75% of all private sector companies are family-owned

  • 30% of these businesses make it to the second generation

  • 64% of current owners of family businesses are aged over 50 years

  • 40% of these businesses have no identified successor

Family businesses are the cornerstone of the British economy and each one is different. We have over 150 years’ experience of dealing with family businesses and understand the dynamics that can impact both the family and the business. In recent years we have worked closely with the International Centre for Families in Business, of which we are a Corporate Member, and together with the Centre have developed a unique programme of training in family business dynamics which our partners are currently undertaking.

In addition to our more traditional services to business we have developed services specific to family and owner managed businesses that focus on:

  • Personal Financial Planning – achieving your desired lifestyle for now, for your family, for your future and long-term financial independence.

  • Estate and Wealth Management – strategies to ensure your estate is transferred efficiently and wealth is maximised.

  • Business Financial Planning – processes to improve your business to achieve a good sale price or prepare the business to be passed on within the family.

  • Management Succession – developing a succession strategy that makes the owner dispensable while maintaining business profitability.

  • Owner and Exit Transition Strategies – helping to manage the handover of control of your business.

  • Tax minimisation – tax effective remuneration and minimisation of capital taxes.

  • Governance

Family Business Survey:
In conjunction with the International Centre for Families in Business we have carried out a survey of family businesses and the issues that really matter to them.

Click here to download our Family Business Survey Results Booklet in Adobe PDF format.

Family Business Guide
Hawsons have co-sponsored a new guide for family businesses and their advisers. We have worked closely with the International Centre for Families in Business for several years and have commissioned Centre directors John Tucker and Paul Andrews to produce Taking The Family Business Seriously which seeks to highlight some of the areas that cause issues amongst family businesses when they are not appropriately addressed. Given the current economic climate and the need to work together in a family business with other family members to ensure that the business weathers the downturn, now, more than ever before issues surrounding management succession, employing family members, remunerating them, share ownership and communication are critical and need to be handled sensitively.

If you would like a free copy of the booklet please contact Mel Chittenden on 0114 266 7141.


Links:
The International Centre for Families in Business: www.icfib.com


For further information, please contact one of the following:

Sheffield - Richard FrostTel. 0114 266 7141
Doncaster - Richard MarshTel. 01302 367262
Northampton - Philip LomasTel. 01604 645600


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