14 Mar, 2022

Client Video: Planning and Preparing for Family Succession

By cmc

Whilst experiencing steady business growth and preparing for family succession, the business owners recognised they needed expert help to guide them through a successful generational transition.


Business: Ground Solutions UK Ltd – Managing blocks of apartments, areas of open space and commercial developments.

Having founded the business in 2006, the business owners of Ground Solutions Ltd wanted to continue building their expanding business, whilst handing it over to their son and daughter-in-law. But their focus soon diverted away from the business to family relationships.

Enlisting the help of their local Business Advisers, Richard Lloyd, he was able to act as an arbitrator, refocussing their attention on making sound business decisions and helping them develop a planned approach which resulted in a smooth transition and a successful buy-out.

Watch this video to hear more.

“Richard’s advice is always professional and objective and that really helped us with the buy-out situation.”

“We have monthly meetings with Richard which has a big impact on helping us plan.”

“The work Richard does behind the scenes is really useful. It’s not just a case of him coming to a meeting every month and bringing nothing to the table, he brings useful information we can take away to use.”

“There are just the 2 of us running the business, we don’t always agree on ever decisions, so Richard sometimes comes to meetings and puts an opinion forward which is clear and concise. That helps us come to a decision.”

Mike Pett, Managing Director

Are you planning for family succession in your business?

Here’s an interesting family succession article for you to read. You can also contact us today for a free confidential meeting.