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Dividend tax-free allowance cut ‘risks family businesses’

May 12, 2017

Family business specialists are calling on the British government not to reintroduce plans to cut tax breaks on dividends but some observers say the measures are likely to be brought back after the forthcoming general election.

As part of a wider downsizing of an unusually lengthy piece of legislation, the British government put aside proposals in its 2017 Finance Bill to cut the dividend tax-free allowance from £5,000 to £2,000 ($6,468 to $2,587).

UK family business policy recommendations issued ahead of next year’s election

November 5, 2014

A list of 12 policy recommendations to support British family businesses has been published by a national sector organisation, ahead of the country’s elections next year.

A list of 12 policy recommendations to support British family businesses has been published by a national sector organisation, ahead of the country’s elections next year.

Notable family businesses in the UK include construction machinery manufacturer JCB, famed for its yellow diggers, and Associated British Food, which is controlled by the Weston family and owns discount retailer Primark.

UK family firms thump public companies when it comes to trust

July 25, 2014

The UK public is more than twice as likely to trust a company if it is family owned than if it is publicly listed, new research from the Institute for Family Business (IFB) reveals.

The UK public is more than twice as likely to trust a company if it is family owned than if it is publicly listed, new research from the Institute for Family Business (IFB) reveals.

A poll, conducted by international market research firm YouGov for the family business organisation, found 55% of the population thinks family ownership is important to business trustworthiness. Only 26% thought this for public companies.

Rallying for a cause

June 24, 2014

From Brussels to Berlin and Westminster to Washington, family businesses are making themselves heard in the halls of power. But how much influence is enough and how much is too much?

New chair appointed at UK family business organisation

May 1, 2014

The non-family chairman of an international facilities management company has been appointed chairman of the Institute for Family Business (IFB).

The non-family chairman of an international facilities management company has been appointed chairman of the Institute for Family Business (IFB).

Peter Armitage, who has been the chairman of OCS Group since 2005, will take up the IFB chairmanship in June. He joined the company in 1979, and became managing director of OCS International in 2001.

During that time the company has transformed from a largely UK-based business to a group operating in 40 different countries.

Interests not just skills matter for next-gens

February 29, 2012

Next-generation members need to realise that it is not just their skills that matter when it comes to joining the family business, according to a British lobby group.

Commenting as the Institute for Family Business launched a new initiative to stimulate growth in the UK’s family business sector, the organisation’s director general, Grant Gordon, said next-gens should seek outside work experience to figure out if they are suited to their family’s company or other businesses.

Gauke: UK govt won’t remove inheritance tax relief for family businesses

February 8, 2012

The British government doesn’t plan on changing inheritance tax support for family businesses, despite a recent report from one of the country's top universities recommending the removal of business property relief.

IFB launches programme to support mid-sized family business

January 10, 2012

Maintaining an entrepreneurial approach, integrating non-family members and planning succession are the main challenges UK mid-sized family businesses face, but a new initiative promises to unlock growth at these firms and boost the country’s economic development.

That’s what lobby group the Institute for Family Business told CampdenFB.

IFB: UK govt needs to support family firms

December 14, 2011

The British government must get behind family firms and avoid policy changes that would have a “severely detrimental” impact on the family business sector.

That’s according to the lobby group Institute for Family Business, which recently contacted UK business minister Mark Prisk about its concerns.

UK’s oldest family businesses, a history of longevity

October 21, 2011

They were all founded between 1535 and 1728, but the UK's 10 oldest family businesses are showing no signs of ageing, such as slowing down.

Instead, companies like RJ Balson and Son show impressive levels of stability and longevity, according to a study by the Institute for Family Business.