Family Businesses & Owner Managed Businesses

Thomson Snell & Passmore advises on MBO of Kent Fresh Produce Distributor

Thomson Snell & Passmore has advised on the management buy out of a Kent based fresh produce storage and distributor.

Thomson Snell & Passmore advise long-standing client on family transfer of shares

Thomson Snell & Passmore corporate team recently acted for long-standing client in relation to the transfer of shares between family members. 

Thomson Snell & Passmore advise the UK’s leading knife sharpening supplier on a second asset acquisition of the year

Following a successful asset acquisition in early 2018, we advised our existing family business client in relation to a second acquisition of the year.

Thomson Snell & Passmore advises £25 million family run tyre-dealer business

We advised Kent based family-run tyre dealer and autocentre company, Watling Tyre Service Limited, in connection with a share purchase and restructuring transaction. The purchase involved the buy out of the minority shareholder.

Thomson Snell & Passmore advise UK's leading & longest established knife sharpening and food processing equipment supplier

We acted for and advised the UK’s leading & longest established knife sharpening and food processing equipment supplier in relation to the purchase of shares and group restructure transaction.

Purchase of organic farming company

We have acted for a longstanding individual client in connection with a recent business venture - the purchase of the entire share capital in a private family company involved in organic farming

Acting for longstanding client motor trade dealer group

Thomson Snell & Passmore has acted for the Motorline Group, a long-standing client of the firm in respect of its recent acquisitions of various dealerships across the South East, South West and the Midlands. 

Young couple taking over the farming family business

We have recently helped a young couple who have taken over the farming business set up many years ago by the husband’s family in East Sussex.

Motorline further expands its range and geographical base

In March 2015 Motorline acquired a Maserati dealership in Cardiff. The business was acquired from the Arrow Automotive Group and will be the second Maserati dealership in the Motorline Group.

UPDATED: COVID-19: Understanding how the business interruption loan scheme can help your organisation

What happens to a family business in divorce?

We look at some of the ways in which the courts in England and Wales approach the family business within divorce proceedings.

Navigating Family Business Politics

Family businesses have their own internal dynamics and complexities - this article examines some of the pitfalls and challenges both for family members, and those on the outside.

Avoiding disputes in Family businesses

For any business litigation is an expensive and time consuming process. For small to medium sized businesses (SMEs),  where time, money and staff are at a premium, the resolution of disputes in an efficient and cost effective way is essential.

How family business can stay entrepreneurial

Every business needs to remain entrepreneurial. However, a family business faces unique challenges as growth and changing needs of the business will often come at the same time as the family grows and the involvement of family members in the business changes.

How to survive your family business

Family businesses are the backbone of the UK economy. Two thirds of UK businesses are currently family owned, which generate over a quarter of the UK’s GDP. It is therefore somewhat surprising that only around 30% of family businesses survive the transition to the second generation, with only 12% making it to the third.

Handing over the reins: Tips for planning succession

For the founder of a business, putting in place a succession strategy and exiting the business can be a difficult process. Where some of the founder’s family are also involved in the business, that process can be further complicated by competing interests and differing visions. 

Exit on the horizon? 5 reasons to sell to a management team

Working with family businesses and SMEs, we know that succession planning is a common headache for owners.

Succession planning ‘vital’ for family business

Family businesses are central to the UK economy, accounting for approximately a quarter of the UK’s GDP and employing over 12.2 million people. However, in a recent PwC survey, 43 per cent of these family business owners confirmed that they do not have any sort of succession plan in place.

How would your business cope without you?

What would happen if you went under a bus tomorrow? It is not a question most of us consider but if most of your wealth is in your business your family’s future might depend on the answer.

Family Business - Planning for the future

For those in family businesses, planning for the future is not only important individually, but also for their family business. Whilst many people have there own will in place, those individuals must also consider these in the context of their business and whether they reconcile with the future plans of their business.

Motorline acquires Hereford Hyundai

Thomson Snell & Passmore have assisted the Motorline Group with its acquisition of Hereford Hyundai from Stirling of Hereford.

Giving away shares in the family company

Giving away shares in the family company

Family Investment Companies – an alternative to trusts

A Family Investment Company can be very beneficial for inheritance tax planning, asset protection and wealth accumulation.  Nicola Plant, Partner in our Tax Planning team, gives an outline of the Family Investment Company and its uses.

Thomson Snell & Passmore completes sale of shares in industrial tyre business

Thomson Snell & Passmore’s corporate team has advised new clients in connection with the sale of their family business for an undisclosed sum to a US buyer.

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