At HB&O in Leamington Spa and Coventry, we have long experience in working with family businesses across Warwickshire and beyond.
Family businesses are crucial to our economy, with more than three million family firms making up two-thirds of all private sector enterprises in the UK. Yet research suggests only around a quarter of family businesses successfully transfer to the second generation and little more than 10 per cent to a third.
With these key factors in mind, we understand that family firms require the same day-to-day accountancy, business advisory and tax support as any business, as well as bespoke advice on one-off or specific issues that could affect any enterprise.
At the same time, we also recognise that family businesses face unique challenges, including tax complexities created by the interlinking of business and family finances.
Detailed succession and exit planning are also essential to help families move their businesses forward or realise maximum value from a disposal.
Our family business services include:
Download our Family Business Guide