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institute for family business

Sir James Wates: ‘Integrity underpins everything we do’

December 12, 2022

Coming from a family-run business that dates back to the end of the 19th Century and having worked his entire career in the construction industry, Sir James Wates CBE has built a reputation for respecting legacy and looking to the future. In an exclusive interview with Campden FB, Sir James talks about preparing the next generation and construction’s need for total disruption…

UK family business sustainability underwritten by inheritance tax

June 7, 2019

Sustainability, growth and jobs are at stake when the issue of UK family businesses and inheritance tax flares up, say sector experts.

Sustainability, growth and jobs are at stake when the issue of UK family businesses and inheritance tax flares up, say sector experts.

Tax Justice UK’s new research released this week said the British government was handing out up to £666 million ($849 million) a year in inheritance tax reliefs on land and business property to families who were already well off.

Lack of women in boardrooms holds back UK family business

May 24, 2019

Britain’s biggest family businesses are stymied in entrepreneurialism by their older and less diverse boards of directors compared to their public company rivals.

Britain’s biggest family businesses are stymied in entrepreneurialism by their older and less diverse boards of directors compared to their public company rivals.

The average female representation on a UK family board was as low as 12%, much lower compared to all FTSE 100 companies at 23%, according to a new report out this week on the corporate governance arrangements of the country’s largest family firms by turnover.

Employee ownership offers alternative for family business successions

May 16, 2019

Business principals looking to secure their legacy, but missing a family successor, could take inspiration from the founder of Richer Sounds who is transferring the bulk of his shares worth $4.4 million into an Employee Ownership Trust.

How families can keep one foot in the past but an eye on the future

May 9, 2018

Recognising tensions between family tradition and innovation is the first step towards managing those tensions and making strategic decisions to power the business forward, says new research.

Recognising tensions between family tradition and innovation is the first step towards managing those tensions and making strategic decisions to power the business forward, says new research.

Global family businesses predict volatile aftershocks after Brexit earthquake

June 24, 2016

Britain has rejected its 43-year-old membership of the European Union despite severe warnings to remain from global family business leaders.

Britain has rejected its 43-year-old membership of the European Union despite severe warnings to remain from global family business leaders.

An exclusive survey of the Campden Wealth community of family businesses worth more than $100 million revealed this week a decisive 75% of owners, chief executives and advisers called for the United Kingdom to remain in the EU.

Law firm warns of UK impact from German IHT ruling

December 22, 2014

A court ruling in Germany making tax breaks and exceptions on inheritance for family businesses illegal may cause concern in the UK, a British law firm has warned.

A court ruling in Germany making tax breaks and exceptions on inheritance for family businesses illegal may cause concern in the UK, a British law firm has warned.

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.

Hi ho hi ho – UK employees happiest in family firms, research

June 5, 2013

Employees in UK-based family businesses are happier than those of non-family firms, research from the Institute for Family Business has found, and this human capital could be giving family businesses a competitive advantage.

UK businesses lack long-term vision, report

January 18, 2013

Many business owners in the UK are driven by short-term priorities like selling the company to make money and do not pay enough attention to longer-term strategic objectives, according to a new report.

Research carried out by the Economist Intelligence Unit for Ernst & Young found that as many as 85% of business owners in the UK plan to accelerate their divestment plan over the next two years. Of the total, 32% of UK corporations are in the process of, or are planning to divest in the next two years.