The next generation of family business leaders

Whether you're a next gen working for or running the family business, becoming an educated shareholder, or getting ready to start doing either, we get it can be challenging.

Having worked with thousands of family firms we’ve learned a lot about what makes them successful. And on the flipside, we’ve also seen and heard where the potential problems are. 

That’s why we’re bringing together the next generation of family business leaders across the world in a network designed for you, and by you. As you take on the management and ownership of some of the most exciting, dynamic and important companies in these markets, PwC is here with advice and support from others who’ve been through it, and are going through it.

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Our insights

Unpacking the importance of legacy for family businesses

Unpacking the importance of legacy for family businesses

Legacy is defined as something that is left to someone, typically a gift, assets or money left in a will. In family businesses, it has a much deeper meaning as legacy goes far beyond tangible assets: history, toil, the resilience to endure the test of time and reinvent become intrinsic parts of the legacy.

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Why exporting is important for UK family firms

Why exporting is important for UK family firms

With more than five million family firms across the UK and a large majority of them taking a long term view, it is no surprise to see them looking to export markets to secure new opportunities to grow. Family firms that do export take the necessary steps to investigate opportunities fully prior to embarking on the decision to export, but with the current uncertainty prevailing around the brexit negotiations and potential US trade tariffs, it is likely that we will see more British family firms seeking to make the most of their opportunities overseas.

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Next Gen interviews

Keeping it fresh: New ideas and a new generation

Keeping it fresh: New ideas and a new generation

Reynolds’ strapline is ‘more than just a greengrocer’. These days it’s one of the UK’s biggest suppliers of fruit, vegetables, and dairy products to restaurants, hotels, schools and caterers, though the business started from a single barrow in an East End fruit market just after the Second World War (and that very same barrow is still there in Reynolds’ reception).

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From scrap metal to compostable wiping cloths: 125 years of history at Harrison Wipes

From scrap metal to compostable wiping cloths: 125 years of history at Harrison Wipes

In 2016, the Harrison Wipes family business celebrated its 125th anniversary. What started in Great Yarmouth in 1891 as a textile rag and scrap metal business is now one of the world’s leading suppliers of high-performance non-woven wipes. “Even a hundred years ago, we were an international business,” says Stephen Harrison, the current MD and great-grandson of the founder. “You only have to look at my great grandfather’s passport in 1925 to see that we were trading in countries as far away as Japan at that time.”

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The luxury of the long-term view: Past, present and future

The luxury of the long-term view: Past, present and future

The Johnstons of Elgin textile business dates back eight generations and 220 years, making it Scotland’s second-oldest family firm. In that time, changing customer tastes and the advent of new technology have transformed both the product and the production. As Chris Gaffney, Finance Director says, “People sometimes say family businesses can struggle to reinvent themselves over time, but to survive successfully for over 200 years you have to reinvent yourself several times over.

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‘Changing the way Britain eats’: Distribution and disruption

‘Changing the way Britain eats’: Distribution and disruption

RH Amar started life 70 years ago, when Raoul Amar started importing continental foods and selling them in the UK, at a time when food was still rationed. As the founder’s grandson, Rob Amar, says, “He was a real entrepreneur – he spotted an opportunity, and borrowed a couple of thousand pounds to set himself up. That’s the only money the company has ever needed to borrow.”

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From doorstep milk deliveries to ambitious foodservice company

From doorstep milk deliveries to ambitious foodservice company

Business survey often explores is the interaction between the personal and the professional in the family firm. It can be a challenge working with your relations, and it can blur the boundaries between work and life and make achieving the right balance even more difficult. Not so at Medina Dairies.

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Baker’s cousins: Five generations at Roberts Bakery

Baker’s cousins: Five generations at Roberts Bakery

There are few sectors so closely aligned to our traditional idea of a ‘family business’ than baking, and few more mature markets than sliced bread.  The Roberts Bakery company is both, and it’s also a great example of how a family firm can turn resilience and longevity into competitive advantage.

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The ‘family factor’: Building for the future

The ‘family factor’: Building for the future

The Wates Group is over a century old, and one of the country’s most prominent family firms. Over that time, it’s evolved to match the evolution of the construction industry, moving from building suburban terraced homes in the 1930s, to developing construction services in the ‘50s, to volume house building in the 70s and 80s, to the business model it has today, which spans construction, property investment, and housing maintenance.

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‘Changing the way the world sleeps’: Innovation and reinvention in the UK

‘Changing the way the world sleeps’: Innovation and reinvention in the UK

The Harrison Spinks bed business is now into its fifth generation with three generations still involved in the business. Harrison Beds spent the majority of the 20th century as a mid-range mattress manufacturer, with a solid reputation and solid returns, though very little real growth. Then the ‘90s recession hit and the business suddenly found itself in trouble.

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Contact us

Sian Steele
Family Business leader, PwC United Kingdom
Tel: +44 (0)122 355 2226
Email

Maria Villax
Next Gen driver, PwC United Kingdom
Tel: +44 (0) 207 213 4868
Email

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