Accountants who understand the challenges of a family business.
With more than three million family businesses in the UK they form an important part of the economy – accounting for almost two thirds of all private sector businesses, providing more than nine million jobs, a quarter of GDP and more than £80 billion in tax receipts.
However family businesses can face a number of demands, with only around a quarter successfully transferring through to the second generation and little more than 10 per cent following on to a third.
Like any enterprise family businesses have set commercial goals, but unique challenges can sometimes get in the way, such as conflicts and loyalties, especially when it comes to the future of the business.
With all these potential pitfalls it is sometimes best to stand back and appreciate the overall picture of a business.
At Nicklin LLP we can help you see the bigger picture. We have a team with years of experience in advising family businesses of all sizes and across all sectors and can provide advice on a wide range of issues, from day-to-day accountancy and profit improvement, tax planning, succession planning, business structures and remuneration.
Our firm prides itself on being able to offer a holistic, bespoke service designed to guide you through the lifecycle of your business from getting started through to retirement.
Combining our outsider’s perspective with our considerable experience in this sector, we can help you objective decisions based on what is right for your business, rather than family dynamics.
You don’t need to face your financial and business challenges alone. Contact the Nicklin LLP team; specialist in family businesses.
Our family business services include:
- Business development
- Succession planning
- Financial management
- Tax planning
- Debt and cash flow solutions
- Corporate and alternative finance
For more information about Nicklin LLP and our services for family businesses, please contact us.