Tag: Family Business

How Succession can Make or Break a Family Business – FBUK in the FT.com

Posted on by Abbie-Louise

Family Business UK, and a number of our Family Business members, were delighted to be quoted, and featured in an article in today’s (9th April 2024) Financial Times article:
How Succession can make or break a family business.

To read the article, please log into the Financial Times.com, using your FT.com account, at –  https://on.ft.com/3vz9VWl

Non-members of FBUK, and interested parties, can access our complimentary guide to Succession here, to help you with your succession planning.

FBUK members can  log into the FBUK Member Resources Centre to access a host of resources to help your family business, with Succession, Governance and understanding the unique life stages of the family business journey here.

 

FBUK Announce strategic partnership with Saxton Bampfylde

Posted on by Abbie-Louise

Family Business UK are delighted to announce a new corporate partnership with executive search and leadership advisory experts Saxton Bampfylde launching today, Thursday 28th March 2024.

FBUK has established partnerships with carefully selected and highly respected organisations, that provide compelling professional services to family businesses.

They are critical allies and supporters of our work with family businesses, to ensure generations to come inherit a more prosperous, inclusive and sustainable future.

And we are delighted to announce the launch of our corporate partnership with Saxton Bampfylde.

For nearly 40 years Saxton Bampfylde has worked in partnership with some of the UK’s leading family businesses, bringing the most talented, innovative and strategic leaders to their clients’ organisations.

As a founder-led business, with second generation family members working in the organisation today, Saxton Bampfylde are uniquely placed to advise businesses that have a distinct and unique structure and culture.

Taking an approach that combines their expertise in different ownership, having transitioned from their original founders to being the UK’s first employee-owned search firm – with complementary sector experience, from consumer & retail, professional & financial services to manufacturing & construction, and every sector in between.

The Saxton team harness decades of experience in supporting family businesses through key points of transition – partnering with businesses on key leadership appointments, succession planning, board reviews, assessment and leadership development.

Kate Ludlow, Managing Partner said: “Saxton Bampfylde are delighted to partner with FBUK. As a privately owned search firm we take a long-term view in our business, and this translates into the way that we work and the relationships we build with clients”.

“Over the past 35 years we have developed a strong track record partnering with family owned businesses; as a result we bring a clear understanding of the challenges and opportunities they face”.

“It’s a fascinating sector, that makes a significant contribution to the UK’s economy. We look forward to working with FBUK members, and hope that we will be able to play a role in ensuring the ongoing success of their businesses and the sector.”

Neil Davy, CEO at FBUK said ““We’re delighted to welcome Saxton Bampfylde as our newest Corporate Partner, and are excited to be working closely with them in the years ahead, to help support family business thrive and prosper, both through the challenging times businesses are facing at the moment, and the longer term.”

Contact the Saxton Bampfylde team today, for further information as to how they can support  your family business at: www.Saxbam.com

 

END.

FBUK announces strategic partnership with Redgrave

Posted on by Abbie-Louise

Family Business UK are delighted to announce a new corporate partnership with executive search and leadership advisory experts, Redgrave Search launching today,
Wednesday 27th March 2024.

Family Business UK has established partnerships with carefully selected and highly respected organisations, that provide compelling professional services to family businesses.

They are critical allies and supporters of our work with family businesses, to ensure generations to come inherit a more prosperous, inclusive, and sustainable future.

And we are delighted to announce the launch of FBUK’s new corporate partnership with Redgrave.

Redgrave, a leading executive search, interim, and leadership advisory firm supporting business owners, families, investors, and leaders, recognise the immense contribution family businesses make to the UK’s economic landscape and beyond.

Redgrave and Family Business UK share a deep understanding of the specific challenges faced by family-owned enterprises, including navigating leadership transitions, strategic decision-making, and ensuring a smooth generational handover.

Redgrave offer a comprehensive range of services tailored to the needs of family businesses, including:

  • Executive Search and Interim Support
  • Leadership and Board-level Recruitment
  • Talent Assessment and Leadership Development
  • Leadership Transition Planning and Strategic Advisory

Through this partnership, Redgrave will leverage its expertise to provide tailored support for the family business community, including talent acquisition, leadership development, interim support, and governance across generations.

This collaboration signifies a further step in strengthening the support framework for family businesses, helping ensure these businesses flourish for generations to come.

David Angel, Managing Partner at Redgrave said

“Our partnership with FBUK highlights our commitment to empowering family businesses through their unique challenges and opportunities. Driven by a dedication to partnering with family businesses, we advocate for their business with the same passion they have”.

“Whether it’s navigating generational transitions, leadership assessments or supporting family businesses in times of immediate need for talent, Redgrave’s expertise ensures every decision aligns seamlessly with both the family’s vision and the business’s needs”.

Neil Davy, CEO of FBUK added – “We are delighted to welcome Redgrave as our latest Corporate Partner, further enriching our network of leading service providers working to support family businesses in navigating family business governance, family dynamics, and multi-generational change and succession”.

“Redgrave’s approach and track record in helping family business identify and attract leading talent will be invaluable to the growing body of family businesses, who are supported and represented by FBUK.”

Find out more about Family Business UK’s support to the sector, and our carefully selected corporate partners, providing meaningful services to UK family businesses at www.familybusinessuk.org

Redgrave for News page

About Redgrave

Redgrave is a global executive search, interim, and leadership advisory firm with a relentless passion for people.

We help leaders shape the future of businesses by delivering solutions that complement their culture and ambition.

Redgrave connects organisations with exceptional talent to drive their growth and success. The firm offers a range of services, including search, executive assessment, executive interim, and talent consulting. Find out more at https://redgravesearch.com.

Contact the Redgrave team for further information as to how they can help your family business, with executive’s and board search, talent assessment and strategic advisory, at: redgravesearch.com/family-business

 

 

Family Business UK Joins New Small Business Council

Posted on by Abbie-Louise

Family Business UK attended the first meeting of the new Small Business Council in Downing Street today, as the Government looks to remove barriers to growth faced by SMEs.

Chaired by Small Business Minister, Kevin Hollinrake, the Council will work alongside the PM’s Business Council to tackle the key issues facing smaller firms. The Council will include Family Business UK, Small Business Britain, and the Federation of Small Businesses.  The Council also includes SMEs themselves, with firms representing all corners of the UK covering sectors including manufacturing, construction, food and drink.

The Council will be a powerful voice for small businesses within Government and has been tasked with overseeing three key areas for small firms – Access to finance, skills and support as well as removing barriers.

Small Business Minister Kevin Hollinrake said:

“Small firms are at the heart of our communities and the engine of our economy – which is why the work of this council is so important. My own experience of working in a small business has given me crucial insights to the problems that SMEs face on a daily basis, from barriers to growth or access to finance.

“We’re giving small firms a big voice, so they can directly air their concerns to government without delay – only when we work together can we tackle some of the burning issues SMEs are facing – only then can we help boost jobs and grow the economy.”

Neil Davy, CEO of Family Business UK, said: 

“We are delighted to be part of the new Small Business Council, representing family businesses from across all regions and communities of the UK to highlight the unique challenges they face and the practical new ideas we have for generating economic growth. It is great to see this group reflect the different models of business that make up the UK economy.

“Family firms offer a unique perspective due to their long-term view, and we look forward to working with the Council to deliver support and advice to help SMEs learn, thrive and grow.”

You can find out more about the Council, including the full list of members here https://www.gov.uk/government/news/sme-council-membership-revealed-ahead-of-first-meeting

FBUK Launch 2024 Programme of Family Business Masterclasses

Posted on by Abbie-Louise

Following on from the successful Autumn 2023 launch of Family Business UK’s expert-led Masterclasses, we are delighted to announce our expanded 2024 programme of Masterclasses for family business.

The FBUK Masterclass programme is a series of comprehensive, family business focussed one-day courses designed to support family business owners, family members, operational directors, shareholders, non-family executives and NEDs, to navigate the complexities and nuances of managing, directing, and owning a family business.

Launching in 2023 with hugely successful sessions on Succession in association with sector experts at Alembic Strategy, Farrer & Co, and KPMG and Governance in association with the experts at Boodle Hatfield and PwC,   the 2024 programme has been expanded, to meet demand.

Including Masterclasses on Ownership, NEDs, Succession and Governance, ensuring there is a session of material import for everyone, no matter your role in the business or family.

The Masterclass series is delivered in collaboration with leading family businesses and industry experts, combining a mix of facilitated learning, peer discussion and knowledge share, “live” family business case studies and shared experiences, and tailored workshops. Providing the opportunity to further best practice, amongst families, and specifically tailored to the unique needs of family enterprise.

The Masterclass series features the rare opportunity to hear real-world case studies from family business owners, including, in 2023, representatives of:

  • William Jackson Food Group
  • The Clancy group
  • Dormole Ltd
  • Sigma Pharmaceuticals
  • NG Bailey
  • Bettys & Taylors of Harrogate
  • Wates Group
  • Laithwaites Wines.

And are facilitated by Family Business UK and experts from:

  • Alembic Startegy
  • Boodle Hatfield
  • Deloitte
  • Farrer & Co
  • KPMG
  • Natwest
  • PwC
  • Saxton Bampfylde

2024 Masterclass Line-up

  • 16th April 2024 – Ownership Masterclass: Exploring ownership structures, the role of trusts, the implications of share-structures, building a tax effective business, and responsible stewardship.
  • 14th May 2024 – Non Executive Director Masterclass : Exploring readiness to recruit our first non-family NED? Finding and onboarding NEDs, the role of the NED (family and non-family) seeking ROI, and maintaining family values and culture.
  • 27th September 2024 – Succession Masterclass: Exploring the choice to be a family in business? And the purpose of the family business, managing family dynamics, engaging the next generation, different roles in the succession planning process, and succession planning – structures, tips and shared peer experiences.
  • 6th November 2024 – Governance Masterclass: Exploring the role of family governance. Corporate and family governance models, roles and practical action to fill skill gaps, finessing  governance for your family business.

To learn more about the 2024 Masterclass series for family business Download the Masterclass Programme here.