Data from Family Business UK tells us 90% of private firms in the UK are family businesses - that’s 4.8 million. They employ 13.9 million people and generate £1.7trn in turnover. Yet their contribution can sometimes be overlooked.
Among our customers are some extremely innovative and fast-growing family businesses. We understand how effective the family business model can be, but also recognise the unique challenges leaders face as they shape the future for the next generation.
One of the perennial issues facing family businesses is the transition between generations of leaders. This year’s Family Business UK (FBUK) Family Business Summit focused on the next generation.
According to Family Business UK’s 2023 State of the Nation report, family businesses represent 90% of all private sector businesses and employ 13.9 million people. “One out of every two customer conversations we have is with a family business,” said Catherine van Weenen, our Regional Managing Director, Commercial Mid-Market, London and the Southeast.
