Credit Crunch: Family Business Succession

A well established family business had gone through a succession change and suffered the resultant challenges. The Managing Director needed an independent source of advice and guidance to enable the company to avoid decisions being influenced by family or emotive issues.

We mentored them through this transition. We provided pragmatic advice and solutions, such as a pricing model, which enables the directors to sustain and improve the business.

The results are encouraging. New investment has also contributed to the confidence in the future. The business has strategies in place for successful development and suitable performance management tools to maximise profitability. Sales and bottom line improvements have provided a solid foundation to plan with confidence for future generations.