Event to explore family business’ next steps | Wilson Organisation

News

January 30, 2013

Event to explore family business’ next steps

Event to explore family business’ next steps

Leading advisers to Midlands’ family businesses are joining forces at a unique, interactive and free training event on 26 February to explore and define the steps family business leaders can take to achieve overall business and personal objectives.

The ‘Steps to Succession’ half-day workshop takes place at Staffordshire’s Swinfen Hall.

Advisors PwC, The Wilson Organisation and Family Business Futures will unite for the first time to debate and explore the needs, aims and skills of current and future family business owners as they consider planning for handover to the next generation.

“The free event brings together professional advisers to some of the region’s foremost family-owned and run businesses and their leaders to share a wealth of experience that will enable and inspire family businesses to review their own current business-thinking, and look forward to the next steps in the journey for their family business,” explains Annabel Prow, Chief Executive of third generation family business The Wilson Organisation.

“By considering both the aims and options for the future of the family business, the event will be a flexible session of facilitated discussions and shared experiences focussed on the differing desires, needs and skills of individual family members involved in the business.

“Importantly, the event will also explore how these can be mobilised to establish the future structure of the family business, and the best time and route to take the first steps for planning for succession or a successful exit.”

Speaking of his own experiences will be Mark Samworth of fourth generation family business Samworth Brothers that has thirteen businesses producing high quality chilled foods for the British market, whilst Simon Beckett, Managing Director of A E Beckett & Sons and his daughter Holly, the fourth generation to join the family business, will tell the story of Becketts Farm which was crowned the Midlands Family Business of the Year in 2012.

The event’s team of advisors will provide practical tips and advice on relevant issues such as cash extraction, wealth protection, share ownership, family constitutions and councils.

The programme will also acknowledge the range of views for all individuals and generations working in the family business, by exploring personal and business motivations, ideal timings for succession including associated tax implications, short and long term plans for the business and who needs to be involved at each step, and how to deliver the desired results.

For more information on the Steps to Succession training event and to reserve free places, visit: www.familybusinessfutures.co.uk or contact Ped Briggs at Wilsons, Tel: 0115 942 7506, email pbriggs@wilorg.com.

Over 100 years of innovation

  • 1914

    A successful launch! The Wilson Organisation was founded in Nottingham by Harold Wilson and became the first company in the East Midlands to offer a comprehensive insurance policy to the region’s fast-growing band of automobile drivers. Innovation from day one.

  • 1920s

    During the 1920’s, Wilsons developed its commercial insurance offering under the stewardship of Harold Wilson. Hopping forwards 80 years, Wilsons has developed a number of industry specialisms including a particular expertise in the food and drink sector. We created a unique insurance offering called “FoodProtect” and, through this service, have been able to deliver intelligence and cost-effective insurance programmes to a broad spread of leading food producers. The best thing since sliced bread? Maybe not, but we’re working on it.

  • 1949

    John Prow joined Harold Wilson in the business, marking the first generation of the Prow family’s involvement in The Wilson Organisation. Wilsons’ clients included leading Nottingham firm Boots The Chemist plus a number of operators in the burgeoning railway sector. With post-war regeneration beginning apace, the firm’s fledgling construction expertise quickly developed into one of our leading offerings and this continues through to the present day, with clients including national and regional builders, developers, contractors, sub-contractors and architects.

  • 1960s

    The 1960s were the start of a new era for The Wilson Organisation. Harold Wilson and John Prow died on the same day in 1963, Harold of illness and John in a car crash. This left John’s son, John J Prow, to run the growing business at the age of 27. Under his youthful direction, Wilsons benefited from a new energy and direction. John J Prow, who had joined in 1960 in a new business role, led the move into our current premises at Wilson House in 1964 and then launched the financial services division in the following year.

  • 1990s

    The late 1990s heralded the start of the third generation of the Prow family’s involvement in the business. Managing Director Charlotte Prow joined in 1998, to be followed by the firm’s Chief Executive, Annabel Prow, in 2002. Product and service innovation continued apace with the launch of a corporate finance specialism in 1997, which continues to deliver valuable cost-savings and insights to the region’s dealmakers.

  • 2000s

    Now century on from the launch of The Wilson Organisation in 1914, the company continues to encourage innovation and reward good ideas. Within the financial services team, 2008 marked the launch of “Flex”, a powerful employee benefit programme and the development of “WRAP”, an investment tool with a unique level of investor control and transparency. Meanwhile, our insurance advisers worked quickly to bring to market a specialist insurance policy for insolvency practitioners.

  • 2010s

    2010 saw the launch of the Midlands Family Business Awards by Wilsons, the UK’s only independent not-for-profit Awards for family businesses. Now in their fifth year, the Awards have raised almost £20,000 for charities supporting families and young people. In 2014 we are celebrating Wilsons’ centenary, a significant milestone in Wilsons’ history.

Registered Office:
Wilson House, 1/3 Waverley Street, Nottingham, NG7 4HG

Registered in England Number 862690 - Members of British Insurance Brokers Association

Harold Wilson (Insurances) Ltd. and Harold Wilson Financial Services Ltd. are authorised and regulated by the FCA (Financial Conduct Authority)