IoD wales and Finance Wales host successful succession planning business breakfast
Business leaders are being invited to attend an enlightening
and informative Business Breakfast hosted by IoD Wales and Finance
Wales. The event will discuss concerns and answer questions around
the topic ‘Succession planning - putting your house in order.’
On Thursday, 3 November, a panel of leading local experts will
host talks at Cardiff’s Park Plaza Hotel to emphasise the
importance of planning for the sale of a business, as well as the
need to identify and develop potential future leaders or senior
Business owners considering their next strategic move or
considering retirement may benefit from the event. Aspiring
management teams may also pitch questions to the panel and hear
first-hand from business owners who have been through the
The panel will discuss many of the aspects of selling or buying
a business, and look at how to develop the management team or deal
with the sensitivities of running a family business. Chris
Griffiths from Finance Wales; Fiona McAllister from Beaufort
Research; James Williams from Blake Morgan; Succession
consultant Mervyn Ham and Seamus Gates from Broomfield &
Alexander will discuss both short and long-term succession options
as well as the implications of training and development activities
on succession planning.
Chris Griffiths, Fund Manager of Finance Wales’ New Investments
Team, said: “Succession is a vitally important consideration for
business owners which rarely gets the attention it deserves.
We are delighted to be teaming up with the IoD to provide practical
insights for owner-managers to consider.
“It’s never too early to start thinking about succession.
Proper planning allows business owners to expand their options,
maximise value and ensure a smooth transition. This event
will be useful to business owners and aspiring management teams
alike. The quality of the panel will undoubtedly provide food
for thought as we hear from advisers and owners who have first-
hand experience of selling their business.
“Our advice to management teams and business owners is to get in
touch as soon as possible. We can talk confidentially to companies
about all their options.”
Robert Lloyd Griffiths, Director IoD Wales, who will be hosting
the breakfast, added: “Wales benefits from a wide variety of
exemplary and successful businesses, both large and small, and
succession planning is vital to their continued success. I speak
regularly with our members up and down Wales and succession
planning is a much-discussed topic. Wales’ directors and business
leaders are aware of its importance and are endeavouring to find
the time to put comprehensive and seamless plans in place.”
Finance Wales makes commercial investments in small and
medium-sized businesses (SMEs) based in Wales or willing to
relocate. The £25m Wales Management Succession Fund launched
earlier this year provides funding to buy established businesses
when their current owners retire or sell up. Finance Wales can also
structure funding packages for management teams to purchase shares
in a business and work with business owners on vendor-initiated
Investment ranges from £1,000 to £3 million per round with a
total investment of £5 million in any one SME.
IoD Business Leaders Breakfast - In partnership with Finance
Wales is on Thursday 3 November 2016 and runs from 8am-10am at the
Park Plaza Cardiff.
Tickets are available by emailing: email@example.com