Succession Planning Protects Future for Ironmongers

The client are a successful third generation retailer, specialising in ironmongery, hardware, homeware and china. They had identified the need to have in place all the necessary legal documentation to protect its owners, management and the future of the current business.

Our consultant reviewed the business, with particular emphasis on the structure and capabilities of the current management. We then provided a fully financially viable plan for the future of the business and agreed necessary arrangements with the involved family.

The business has a plan that can take them forward on a secure basis with a firm management foundation. It has processes to put in place those legal foundations to enable the plan to be achieved to the satisfaction of the involved family.