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We thought we would share some headline news with you, stemming from the results of a recent independent survey of family businesses in which some of our own clients took part. It was a UK wide survey which Springfords sponsored along with our other co-members of the Praxity alliance.
The good news is that, over the past year, 58% of family businesses in the UK have increased their profitability.
Also that 53% of family business owners plan to “keep it in the family” by either gifting their business or selling their business to the next generation in the future.
Not so surprised? Neither were we. However what does surprise us is how often family business owners forget to plan ahead to ensure a smooth succession to the next generation.
Oh .. and another headliner is that one of our own clients won the incentive i-pad prize for entering the competition – so congratulations to Alan Glauch who owns two pharmacies in the Edinburgh area!
Click here to download a pdf of the survey results so you can read more at your leisure. We’re sure you will agree the results make for interesting reading.
If you now realise that you, or someone you know, needs to start planning ahead for succession, then please get in touch with us by contacting Carol Wright at firstname.lastname@example.org