It is vitally important to start succession planning early. The search for a new leader for your business should not begin when you are planning to sell up or retire.
Leadership transitions can be problematic, laden with emotion and potential conflict in most organisations.
Many successful leaders leave succession planning too late. It is vitally important to start succession planning early. The search for a new leader for your business should not begin when you are planning to sell up or retire.
Our succession planning team brings together expertise in business advisory, tax planning and finance to deliver a sound and successful transition to support you in planning, and delivering on, your objectives.
Meeting your needs
Transition to the next generation
Approximately one in three family businesses successfully make the transition to the next generation. Alternatives like professionalisation of the management team or business exit also need to be considered.
Balance of financial returns
The returns required by a retiring generation need to be balanced with the expectation, interests and vision of the next generation of owners.
Disputes between siblings and wider interested family members are common. Divorce, death and intra family dynamics can be problematic. A clear understanding and agreed involvement in the business by family members is better than assumptions.
Legacy and inheritance
Taxes, wills and trust structures all require detailed planning and understanding to ensure wealth and control is preserved and passed in a controlled tax efficient way.
How we can help
- A partner to plan with: We help you prioritise your important succession goals exploring both commercial, family and personal aspects and goals
- Build succession strategy: We work with you to create a clear succession plan that deals with the timing, future ownership and management of the business.
- Exit and sale of the business: Whether it is passing the business to another family member or if exit and sale is your planned option, we work with you to get the best return and value for your business while maintaining confidentiality.
- Tax-efficient planning and structuring: expert transitioning of businesses and the associated tax planning and compliance for the transfer of the ownership of your business at a time that works for you.
Every family business has different needs and our team tailors its approach to your unique circumstances and requirements.
Dedicated succession services team
Uniquely we have the capability to deliver on all aspects of your plan through one service provider. From advice to implementation and from tax planning to pension provision we can support the journey for you and your family
We’re here to help you
We are here to help and share our experience and insight with you.