Family Businesses

Family run businesses require specialist advice, a considered business approach and a different way of thinking. You also need an expert team of family business advisors to guide you in the right direction.

In the UK, the number of family-run businesses is on the rise, with approximately 75% of all businesses in the private sector now being family-owned.

Growing and running a family business presents unique challenges and requires a considered business approach and a different way of thinking. A number of family businesses do not survive the transition to later generations which is why you need specialist advice and assistance from experienced family business accountants.

This is where accountants for family-run businesses can help. Alexander & Co’s family business accountants have a wealth of experience and are here to give you the specialist knowledge to help you utilise opportunities to keep your business growing.

“The last two years have provided plenty of unforeseen challenges for family businesses. It has also brought succession planning to the forefront of many owner’s minds. Even the most successful businesses can come unhinged if they do not have a solid succession plan in place.” Gary Kramrisch, Partner

Knowing how to manage family businesses can be difficult. As decision-making processes tend to be more informal and unstructured, there may be succession dilemmas and shareholder disagreements that arise. As well as this, there is the difficulty of creating a solid work-life balance for your family and structuring a family share-ownership. 

Our family business accountants are here to help you meet these challenges and ensure that you and your family overcome the problems that you may face. Our team works hard to understand the needs of your business and all of the members in it so that we can build a bespoke plan to suit everyone’s needs.

When you choose Alexander & Co as your accountants, we’ll keep you up-to-date with the latest regulations, including tax regulations from HMRC, liabilities and challenges that may affect your family business. From life science and healthcare to the creative industries, we are proud to support businesses across diverse business sectors, and offer a wide range of services to provide everything our clients need to grow their businesses.

To get started or for more information on how we can support your business, call our family business experts on 0161 832 4841 or email info@alexander.co.uk. Alternatively, complete the online enquiry form on this page and a member of our team will be in touch shortly.

With offices in Manchester City Centre and London we are ideally placed to help family businesses in across the UK.

Our family business webinar is available to view below, and covers topics such as planning for the future of family businesses, the mitigation of inheritance tax for family businesses, and structuring and restructuring in a tax efficient manner.