Why Succession

Why sell to the employees?
It is estimated that almost one third of European enterprises will face the problem of succession in the next 10 years – an average of 600,000 small and medium sized enterprises will be changing hands each year potentially affecting 2.4 million jobs.
• Many thriving businesses disappear when an owner wants to move on or retire because they can find no buyers to take the business on.
• Many successful units of larger businesses disappear when these want to divest or downsize.
Jobs are lost and irreparable damage done to the local economy.
Selling the tangible assets may only realise a fraction of the going concern value and a trade sale opens up the intimate details of a business to competitors.

"Preparing for the future is important for any business, especially small or medium sized businesses. This website will give business owners clear help and support in securing a stable foundation for their business before retiring, or embarking on their next venture. This idea will allow companies to thrive, by placing employees at the heart of the business, with a solid motivation to succeed".
Rt Hon Nigel Griffiths MP - Parliamentary Under-Secretary
of State for Small Business & Enterprise at the DTI