Family business

We offer family businesses a distinctive approach to business...

... all of the issues that can arise when family members are involved in the running of the business. As well as dealing with the business needs in terms of audit, tax compliance and other services traditionally associated with business and financial advisers, we have been working with business owners for many years and recognise the unique challenges they face. Use the links below to find out more:

• starting a business
• expanding the business
• managing the business
• future business plans

Furthermore, we have developed a people and relationship issues in management (PRIMA) service, specifically to address the problems that can arise between the individuals who own and manage the business. Obviously, this can have a significant impact on family businesses. But how do you resolve the problems before they become destructive influences on the growth of the business?

Our specially trained consultants are able to provide you with a valuable insight into the crucial relationship issues surrounding business management, and the financial and commercial options that are available to help resolve internal conflict. Our consultants have been trained to deal with such issues as making the transition from one generation to the next and how to plan for this change; the importance of setting up clear structures of ownership and responsibility in the business; the need to ensure that the business has the right financial structure to meet its projected targets; and how best to deal with the aspirations of the individuals who own and manage the business.

Sometimes, family relationships can make it difficult to deal with these issues and as a result minor issues can escalate into damaging disputes. These can in turn have serious consequences for the family relationships as well as the family business. By identifying the overlaps and potential conflicts between family, ownership and management goals, we can help to find solutions which are tailored to meet your overall needs and circumstances.

Our PRIMA service also demonstrates how careful planning can help avoid problems in the future, which often happens in instances where businesses neglect to deal with the people issues in the management of the family business, and PRIMA can also provide you with practical and effective long-term solutions to address any issues that you are faced with.

Contact us about Family Businesses