Succession Planning

From One Generation to the Next

Transitioning a business from one generation to the next is a multifaceted and often delicate process. It involves a unique blend of financial, strategic, and interpersonal considerations. Our purpose is to provide you with the expert guidance, knowledge, and unwavering support you need during this pivotal phase.

Our team is dedicated to working closely with you to craft a tailored succession plan that meets your goals whilst providing a fair value for the transition. We understand each business has its unique dynamics, challenges, and aspirations. Whether you seek to preserve a family legacy, optimise financial outcomes, or ensure a seamless transfer of responsibilities, we're committed to helping you achieve these objectives.

With Bellingham Wallace as your trusted partner, you can confidently navigate the complexities of generational transitions. We're here to ensure your business legacy remains strong and that the transition is as smooth and successful as possible, enabling your legacy to flourish in the hands of the next generation.

"Trusted advice, as if you are the only client!"
RL Button and Co Limited

How We Can Help

Strategic Planning

Define your succession goals and objectives, assess your business's current state, and develop a strategic plan for the succession process. We work with you to identify potential successors, evaluate their readiness, and determine the best approach to achieve a successful transition.

Ownership & Management Structure

We'll guide you through options such as transferring ownership to family members, selling to employees or external parties, or implementing a combination of strategies. We can help you design the appropriate ownership and management structure that aligns with your vision for the future of the business.

Financial & Tax Planning:

Succession planning has significant financial and tax implications. At Bellingham Wallace we can work with you to assess the financial impact of the succession plan, evaluate potential tax strategies, and develop a financial plan that supports the transition, maximizing value in the process.

Valuation & Exit Strategy

Determining the value of your business is a critical aspect of succession planning. Our valuation team can assist with valuing your business, taking into account factors such as financial performance, market conditions, industry trends, and growth potential. They can help you understand the value of your business and develop an appropriate exit strategy that aligns with your financial objectives.

Legal & Regulatory Compliance

We can work with you and your legal team to ensure compliance with applicable laws and regulations, review and update necessary legal documents such as shareholder agreements, buy-sell agreements, and employment contracts, and address any legal or compliance issues that may arise during the succession process.

Family Dynamics & Communication

Succession planning often involves complex family dynamics and emotions. We facilitate family meetings, mediate discussions, and help foster open and effective communication among family members. We also provide guidance on family governance, establish decision-making processes, and address potential conflicts or challenges that may arise during the succession process.

Implementation & Transition Support

We don't just help you create the plan, we stand alongside you to implement and manage the transition process. We can help with leadership development, training, and mentoring of successors, and ensure a smooth transfer of responsibilities and knowledge. We also provide ongoing support during the transition period to address any issues or concerns that may arise.