Family Businesses

According to the Harvard Business Journal, around 70% of family businesses do not survive more than one generation; a worrying statistic when it is estimated that 8 out of 10 businesses across the world are family-owned. A lack of succession planning, strategy and financial audits are all listed as key reasons why.

Many family businesses across Shropshire choose Harvey Telford & Bates as their Chartered Accountant as we understand the unique challenges these businesses face.

We’re able to complement our client’s skills and experience levels with our own to ensure the ongoing success of the business.

Offering services in succession planning can ensure a smooth transition of the family business to the next generation or, in other cases, the sale of the businesses.

Our Family Business services include:

  • Managing, monitoring, and reporting on all financial matters
  • Provide advice and guidance on business strategy, succession planning and more.