January 30, 2013
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 firstname.lastname@example.org.