Northern Conference 19 May 2015, 9am-5pm Yorkshire
Succession or sale? What are the options for Britain’s family-run businesses?
Family Business Place is dedicated to promoting and supporting British family firms. Throughout the UK there is growing recognition of the contribution that family businesses make to the national and global economy, in terms of employment, revenue generation and support for their local communities. To this end we strive to stimulate ideas and dialogue for family businesses around the issues that matter. Governance and succession planning, complex family dynamics, alternative exit strategies and understanding how the family factor can enhance the power of your brand; we’re here to help. Family businesses are unique and as specialists we deal with the tricky and often emotional complexities they face on a daily basis. Delegate rates Family businesses £149 Additional colleagues £99
Non family businesses £299 Additional colleagues £199
BOOK ONLINE
Anita Brightley-Hodges & Amalia Brightley-Gillott
www.familybusinessplace.com/northern-conference
90
% of family businesses
don’t have a governance or succession plan in place for the next generation
Succession or Sale? What are the options for Britain’s family-run businesses? At Family Business Place we are proud to host our
We are delighted to be working with Tennants
very first Northern Conference on 19 May 2015.
Auctioneers who will be hosting the Conference
Based on our recent survey in partnership with
in their newly-refurbished and extended auction
Charles Russell Speechlys, we will be discussing
house in the heart of the Yorkshire Dales. We
topics facing today’s family-run companies:
welcome family businesses from Yorkshire and
• Governance and succession planning - passing the family business to the next generation • Selling the family business to extract maximum value and exploring the ‘Employee Ownership’ model as an alternative exit strategy • The process of creating a Family Charter
the north of England as well as further afield. We are thrilled to be joined by our esteemed Guest Speakers who will be discussing their own experiences of running a family business and how they have overcome these obstacles.
61
% of family businesses
would sell if the price was right
Family Business Place Survey 2014
Our Ourguest guestspeakers speakers SirSir Ken Morrison CBE Ken Morrison CBE
Paul Theakston Black Sheep Brewery Paul Theakston Black Sheep Brewery
In 1957, 2626 year oldold Ken took over thethe reins from In 1957, year Ken took over reins from hishis father’s small grocery store. Today there father’s small grocery store. Today there areare over 500500 Morrisons stores nationwide. It isIt is over Morrisons stores nationwide. thethe largest public company headquartered in in largest public company headquartered Yorkshire. SirSir Ken relinquished overall control Yorkshire. Ken relinquished overall control of the public company in 2008 after 5555 years. of the public company in 2008 after years. www.morrisons.com www.morrisons.com
Born into a brewing dynasty which had been Born into a brewing dynasty which had been brewing forfor 5 generations before it was finally brewing 5 generations before it was finally taken over by by Scottish & Newcastle Breweries, taken over Scottish & Newcastle Breweries, Paul declined a role in the new company. Paul declined a role in the new company. Instead hehe setset upup hishis own brewery founded Instead own brewery founded onon best of his family’s original values. best of his family’s original values. www.blacksheepbrewery.com www.blacksheepbrewery.com
Rodney Tennant Tennants Auctioneers Rodney Tennant Tennants Auctioneers
Jonathan Fry Fry Family Office David Dickson Shepherd Group David Dickson Shepherd Group
Rodney is Chairman at at Tennants, having Rodney is Chairman Tennants, having handed over thethe reins to his three daughters handed over reins to his three daughters a few years ago. 100 years since hishis a few years ago. 100 years since from a tin grandfather started selling livestock grandfather started selling livestock from a tin shed, Tennants is now thethe largest family-run shed, Tennants is now largest family-run auction house in in thethe UK. auction house UK. www.tennants.co.uk www.tennants.co.uk
Theiswide and understanding David aismember ofexperience the Family Assembly and David aranging member of the Family Assembly and of business and family dynamics Jonathan gained Chairman of the Family Business Committee Chairman of the Family Business Committee after founding Jonathan Fry & Co inUK's 1984 led him of the Shepherd Group, one of the UK's leading of the Shepherd Group, one of the leading to set up Fry Family Office in 2014. A specialist privately-owned businesses founded in 1890 privately-owned businesses founded in 1890 family office for high net worth individuals in York. He is also a Senior Partner at at Garbutt in York. He isservice also a Senior Partner Garbutt and private clients with complex financial needs. & Elliott LLP where hehe specialises in family & Elliott LLP where specialises in family www.fryfamilyoffice.com business succession as as well as as holding business succession well holding a Fellowship in family business advice. a Fellowship in family business advice. David A Kerfoot MBE The Kerfoot Group www.shepherd-group.com www.shepherd-group.com David is Chairman of The Kerfoot Group, a Yorkshire-based company he founded jointly with David Johnson Leaders Matter David Johnson Leaders Matter his wife Elizabeth in 1980 using £300David capital After many years at at Whitehead Mann, After many years Whitehead Mann, David and which has now grown to sales of £80 million on a developed hishis own business offering Executive developed own business offering Executive global basis exporting to over 50 countries. He Search, Management Assessment and Board Search, Management Assessment and Board is a passionate social entrepreneur and has a long Advisory with a major focus onon privately-owned Advisory with a major focus privately-owned history of community service. companies, particularly family-owned companies. companies, particularly family-owned companies. www.kerfootgroup.co.uk www.leadersmatter.com www.leadersmatter.com
Judy Bell MBE Shepherd’s Purse Cheeses Judy Bell MBE Shepherd’s Purse Cheeses Judy founded herher award-winning business Judy founded award-winning business in 1987, making cheese by by hand onon thethe kitchen in 1987, making cheese hand kitchen farmhouse table. Since handing over thethe farmhouse table. Since handing over day-to-day running of the business to her day-to-day running of the business to her twotwo daughters, sheshe hashas carved outout herher role daughters, carved role as as Chairman and Ambassador forfor other Chairman and Ambassador other Yorkshire producers. Yorkshire producers. www.shepherdspurse.co.uk www.shepherdspurse.co.uk
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PaulIsobel Theakston BlackUnion SheepIndustries Brewery Schofield BornFormed into a brewing dynasty which hadhusband been in 1972 byUnion IsobelIndustries and her Isobel Schofield brewing for 5 generations before it was Paul Theakston Black Sheep Brewery Paul. Originally repairing tarpaulinsfinally with one Formed in 1972 by Isobel and her husband taken overand by Scottish & Newcastle Breweries, a dog in a shed, Union is now a Bornman into a brewing dynasty which had been Paul. Originally repairing tarpaulins with one Paul declined a role in theengineering new company. £5.5 million turnover company. brewing for 5 generations before it was finally man and a dog in a shed, Union is now a Instead he by set up own brewery founded Isobel willScottish behis sharing her experience of taken£5.5 over & Newcastle Breweries, million turnover engineering company. Morning Workshop on best of his family’s original values. becoming an employee-owned business PaulIsobel declined role in the her newexperience company. of . willaPlanning be sharing Governance and www.blacksheepbrewery.com Succession www.unionindustries.co.uk Instead he set up his own brewery becoming an employee-ownedfounded business . on best of his family’s original values. www.unionindustries.co.uk David Dickson Shepherd Group David Dickson Shepherd Group Andrew Lane Union Industries www.blacksheepbrewery.com David is a member of the Family Assembly and David is a member of the Family Andrew company in Feb 2014 as Andrewjoined Lane the Union Industries Chairman of the Family Business Committee David Dickson Shepherd Group Assembly and Chairman of the Family Managing Director. He has previous experience Andrew joined the company in Feb 2014 as of theofis Shepherd Group, one of theAssembly UK's leading Business Committee of the Shepherd Employee ownership and has guided the David a member of the Family and Managing Director. He has previous experience privately-owned businesses founded in 1890 Group, one of the UK’s leading privatelycompany through the EO process. Now firmly Chairman of the Family Business Committee of Employee ownership and has guided the inowned York. He is also a Senior Partner at presides Garbutt businesses founded in 1890 inShepherd Employee Ownership, of thecompany Group, oneEO ofAndrew the UK's leading through the process. Now firmly & where he specialises in family inElliott York. He is also a development Senior Partner overLLP the cultural asin well as privately-owned businesses founded 1890 in Employee Ownership, Andrew presides business succession as well asof holding Garbutt Elliott LLP where he the financial performance the inatYork. is&cultural also a Senior Partner atcompany. Garbutt overHe the development as well as a Fellowship in family business advice. in family business succession www.unionindustries.co.uk &specialises Elliott LLP where he specialises in family the financial performance of the company. www.shepherd-group.com as well as holding aas Fellowship in family business succession well as holding www.unionindustries.co.uk Lisa Kendal John Lewis Partnership business advice. a Fellowship in family business advice. David Johnson Leaders Matter www.shepherd-group.com Lisa has worked forLewis the John Lewis Partnership www.shepherd-group.com Lisa Kendal John Partnership Afterfor many years She at Whitehead Mann, Davidfunction, 21 years. works in the Registry Lisa has worked for the John Lewis Partnership developed his part own business offering Executive David Johnson Leaders Matter David Johnson Leaders Matter a unique of the business which is for 21 years. She works in the Registry function, Search, Management Assessment andDavid Board is responsible for ensuring the Partnership After many years at Whitehead Mann, After many years at Whitehead Mann, a unique part of the business which is Advisory with major focus on true tohis it’saown principles isprivately-owned compassionate developed business offering Executiveis David developed ownand business responsible forhis ensuring the Partnership companies, particularly family-owned companies. to individual Partners (employees). Search, Management Assessment and Board offering Executive Search, Management true to it’s principles and is compassionate www.leadersmatter.com www.johnlewispartnership.co.uk Advisory with a major focus on privately-owned Assessment and Board Advisory with to individual Partners (employees). companies, particularly family-owned companies. a major focus on privately-owned www.johnlewispartnership.co.uk www.leadersmatter.com companies, particularly family-owned businesses. www.leadersmatter.com
Deb Oxley Employee Ownership Association Director at the EOA and leads the growth Deb is Oxley Employee Ownership Association and development of the EOA membership. For Deb is Director at the EOA and leads the growth many family businesses, employee ownership and development of the EOA membership. For can be an effective model as it can achieve higher many family businesses, employee ownership productivity and greater levels of innovation and can be an effective model as it can achieve higher Morning Workshop are more resilient to economic turbulence. productivity Creating a Familywww.employeeownership.co.uk Charter and greater levels of innovation and are more resilient to economic turbulence. www.employeeownership.co.uk HelenThomas Thomas Westons WestonsCider Cider Helen SinceHenry Henry Weston founded WestonsCider in Since Weston founded Westons Helen Thomas Westons Cider Ciderthere in 1880 been 5 of Westons 1880 havethere beenhave 5 generations Since Henry Weston founded Westons Cider in generations WestonsCurrent spanning the spanning the of business. Managing 1880 there have been 5 generations of Westons business.Helen, Current Director, willManaging be sharingDirector, her challenges spanning the business. Current Managing Helen, will be sharing her challenges of of putting a governance structure and family Director, Helen, will be sharing her challenges putting in a governance structure and family charter place. of putting a governance structure and family charter in place. www.westons-cider.co.uk charter in place. www.westons-cider.co.uk www.westons-cider.co.uk Anita Brightley-Hodges Family Business Place
Anita passionate about working with family Anita Brightley-Hodges Family Business Place Anitais Brightley-Hodges businesses, and asPlace an advisor she strives to Family Business Anita is passionate about working with family help overcomeabout the issues theywith face Anitathem is passionate working businesses, and as an advisor she strives to including succession planning and complex family businesses, an advisor she help them overcomeand the as issues they face family Anita is a highly sought-after strivesdynamics. tosuccession help them overcome the issues including planning and complex speaker around the topic of family businesses . they face including succession planning family dynamics. Anita is a highly sought-after www.familybusinessplace.com and complex family dynamics. Anita is a speaker around the topic of family businesses . highly sought-after speaker around the www.familybusinessplace.com topic of family businesses . www.familybusinessplace.com
Our guest speakers Succession or sale? A5 (L) V4:Layout 1 27/03/2015 16:43 Page 6
Sir Ken Morrison CBE
Afternoon Workshop In 1957, 26 year old Ken took over the reins from Understanding his thefather’s Employee Model small Ownership grocery store.Exit Today there
are over 500 Morrisons stores nationwide. It is theSteve largestParfett Parfetts public company headquartered in Yorkshire. Ken relinquished Steve isSir Chairman of Parfettsoverall Cash &control Carry of the public companyinin1980 2008with after years.Alan which he founded his55father Isobel Schofield Union Industries www.morrisons.com and which has been an Employee Owned Formed insince 1972 2008. by Isobel and her Company Parfetts hashusband grown to Rodney Tennant Tennants Auctioneers Paul. Originally with one achieve sales ofrepairing £309m intarpaulins 2014 selling food, man and a dog in a shed, Union is now a Rodney is Chairman at Tennants, having drink tobacco to16:43 independent Succession or sale? A5 (L) V4:Layout 1 and 27/03/2015 Page 6retailers £5.5 million company. handed over theturnover reinsits toengineering hisdepots three daughters and caterers from six around the Isobel will be sharing her experience of a few years ago. 100 years since his UK. Steve is also a Director of the Employee becoming an employee-owned business grandfather selling livestock from .a tin Ownershipstarted Association. www.unionindustries.co.uk shed, Tennants is now the largest family-run www.parfetts.co.uk auction house in the UK. Andrew Lane Lane Union UnionIndustries Industries Andrew www.tennants.co.uk Andrewjoined joinedthe thecompany companyininFeb Feb2014 2014as Andrew Judy Bell MBE Shepherd’s Purse Cheeses as Managing Director. He has previous Managing Director. He has previous experience Isobel Schofield Union Industries experience of employee ownership andthe of Employee ownership and hasbusiness guided Judy founded her award-winning Formed in 1972 by Isobel and her husband has guided the company through the EO company through theby EOhand process. Now firmly in 1987, making cheese on the kitchen Paul. Originally repairing tarpaulins with one process. Now firmlyhanding in employee ownership, in Employee Ownership, Andrew farmhouse table. Since overpresides the man and a dog in a shed, Union is now a Andrew presidesof over the cultural over the running cultural development asto well day-to-day the business heras £5.5 million turnover engineering company. development as well as the financial financial she performance ofout the company. twothe daughters, has carved her role Isobel will be sharing her experience of performance the company. as www.unionindustries.co.uk Chairman andof Ambassador for other becoming an employee-owned business . www.unionidustries.co.uk Yorkshire producers. www.unionindustries.co.uk Lisa Kendal John Lewis Partnership www.shepherdspurse.co.uk Lisa has worked for Industries the John Lewis Partnership Andrew Lane Union for 21 years. She works in the Registry function, Andrew joined the company in Feb 2014 as a unique part of the business which is Managing Director. He has previous experience responsible for ensuring the Partnership is
£5.5 million turnover engineering company. Isobel will be sharing her experience of becoming an employee-owned business . www.unionindustries.co.uk
Andrew Lane Union Industries Paul Theakston Black Sheep Brewery Andrew joined theUnion company in Feb 2014 as Isobel Schofield Industries Isobel Schofield Industries Born into a brewingUnion dynasty which had been Managing Director. He has previous experience Formed by her husband Paul brewing for 5 generations before was finally Formedin in1972 1972 byIsobel Isobeland and herit husband of Employee ownership and has guided the and originally tarpaulins with one man taken overrepairing by Scottish & Newcastle Breweries, Paul. Originally repairing tarpaulins with one company through the is EOnow process. Now firmly aPaul dogdeclined in a shed, a £5.5 million role in the new company. man and a doga Union in a shed, Union is now a in Employee Ownership, Andrew presides turnover engineering Isobel will be Instead he set up his company. own brewery founded £5.5 million turnover engineering company. over theher cultural development as well sharing experience of becoming anofas on bestwill of his family’s values. Isobel be sharing original her experience the financial performance of the company. Deb Oxley Ownership Association employee-owned business. www.blacksheepbrewery.com becoming an Employee employee-owned business . www.unionindustries.co.uk www.unionindustries.co.uk Deb is Director at the EOA and leads the growth www.unionindustries.co.uk David Dickson Shepherd Group and development of the EOA membership. For LisaKendal Kendal John John Lewis Partnership Lisa Partnership Andrew Union Industries many businesses, employee ownership David is family aLane member of the Family Assembly and Lisahas has workedfor forthe theJohn JohnLewis LewisPartnership Partnership Lisa can beworked an model as it can achieve Chairman ofeffective thethe Family Business Committee Andrew joined company in Feb 2014 as higher for21 21years. years.She Sheworks worksininthe theRegistry Registryfunction, function,a for productivity and greater innovation of the Shepherd Group, onelevels of theofUK's leadingand Managing Director. He has previous experience a unique part of the business which is unique part of the business which is responsible more resilient to economic turbulence. privately-owned businesses in 1890 ofare Employee ownership and founded has guided the responsible for ensuring theisPartnership for ensuring the Partnership true to it’s is www.employeeownership.co.uk in York. Hethrough is also athe Senior PartnerNow at Garbutt company EO process. firmly true to it’sand principles and is compassionate principles is compassionate to individual & LLP Ownership, where he specialises in family inElliott Employee Andrew presides toHelen individual Partners (employees). Partners (employees). Thomas Westons Cider business succession as well asas holding over the cultural development well as www.johnlewispartnership.co.uk www.johnlewispartnership.co.uk Since Henryin Weston founded Cider in athe Fellowship family business advice. financial performance of theWestons company. 1880 there have been 5 generations of Westons www.shepherd-group.com www.unionindustries.co.uk Deb EmployeeOwnership OwnershipAssociation Association Deb Oxley Oxley Employee spanning the business. Current Managing Deb is Director at the EOA and Deb isKendal DirectorJohn atLeaders the EOAMatter andleads leadsthe thegrowth growth David Johnson Lisa Lewis Partnership Director, Helen, will be sharing her challenges and anddevelopment developmentof ofthe theEOA EOAmembership. membership.For For of putting a governance structure and family After many years at Whitehead Mann, David Lisa has worked for the John Lewis Partnership many manyfamily familybusinesses, businesses,employee employeeownership ownership in developed hisplace. ownworks business offering Executive forcharter 21 years. She in the Registry function, can canbe bean aneffective effectivemodel modelas asititcan canachieve achievehigher higher www.westons-cider.co.uk Search, Management Assessment and Board a unique part of the business which is productivity productivityand andgreater greaterlevels levelsof ofinnovation innovationand and Advisory withfor a major focus privately-owned responsible ensuring theon Partnership is are more resilient to economic turbulence. are more resilient to economic turbulence. Anita Brightley-Hodges Family Business Place companies, particularly family-owned companies. true to it’s principles and is compassionate www.employeeownership.co.uk www.employeeownership.co.uk is passionate working with family www.leadersmatter.com toAnita individual Partnersabout (employees). businesses, as an advisor www.johnlewispartnership.co.uk Helen Thomasand Westons Cider she strives to help them overcome the issues they face Since Henry Weston founded Westons Cider in including succession planning and complex 1880 there have been 5 generations of Westons family dynamics. Anita is a highly sought-after
Afternoon Workshop Selling the Family Firm Chris Longman  Challenge Energy Chris has been instrumental in the growth and development of Challenge working alongside the founders Nick and Sue Hooke as well as his own wife. After 17 years of independence and after careful consideration of all the options, Chris and his co-directors decided to sell the business to SLR, the global environmental consultancy group. www.challengeenergy.com Jim Keeling  Corbett Keeling A family business itself, Corbett Keeling has now firmly established itself as a trusted adviser to medium sized companies. Over the past 20 years, Jim has enjoyed building relationships with numerous entrepreneurs and family businesses, advising them on raising funds, restructuring shareholdings, management buy-outs and ultimately on selling their businesses. www.corbettkeeling.com
Tennants Auctioneers The Auction Centre, Harmby Road, Leyburn North Yorkshire DL8 5SG T 01969 623 780
Delegate rates
Family businesses £149 Additional colleagues £99 Non family businesses £299 Additional colleagues £199
We are delighted to be hosting this year’s Northern Conference at the newly refurbished and extended Tennants Auctioneers in Leyburn, Yorkshire. With over one hundred Fine Art, Country
The acclaimed, purpose-built auction house in
House, Antiques & Interiors and Specialist
Leyburn boasts three salesrooms, viewing
Collectors’ sales a year, Tennants Auctioneers
areas, a mezzanine gallery and conference
is well-established as one of the leading
rooms for specialist sales, exhibitions and
regional auction houses in the country. As a
events. There is free parking for six hundred
fourth generation family-run business, based
cars, a restaurant serving throughout the day,
in the heart of the Yorkshire Dales, they are
facilities for the disabled and undercover
extremely proud of both the personal service
loading and unloading areas for deliveries
they offer and the highly skilled and
and collections. There are also offices in
knowledgeable team of specialists who head
Harrogate and Oakham where regular
up twenty-four diverse departments.
valuation days and events are held.
Fine dining and continue the conversations Delegates are also invited to join the Family Business Place team for an exclusive dinner at Tennant’s award-winning restaurant, The Garden Rooms following the Conference.
BOOK ONLINE
Guests can enjoy a special price of 2 courses for
To make a reservation, please contact restaurant
£20 or 3 courses for £25 to be paid at the time of
manager, Belinda Holdsworgh
dining. To view the Garden Rooms Dinner Menu
e-mail: belinda.holdsworgh@tennants-ltd.co.uk
visit - www.tinyurl.com/pux683e
quoting ‘Family Business Place Conference’.
Book tickets at: www.familybusinessplace.com/northern-conference
n T 01732 220 120 www.familybusinessplace.com
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Family Business Place 7 Downderry Way Ditton Aylesford Kent ME20 6PB
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Dedicated to promoting and supporting British family firms