Working with business families over the last 20 years we have developed the skills and knowledge needed to help families plan for a successful and rewarding long term future for both the business and the family.
Call +44 (0)141 222 2820 for more information
FBS is the consulting arm of Wright, Johnston & Mackenzie LLP
Family Business Consultants
A large number of the world’s most successful businesses are family owned and run, and as a business model, the family business has huge strengths. Family members tend to have long term investment horizons and bring levels of loyalty, trust and commitment that are the envy of non-family businesses.
However, the high rate of family business failures, particularly during periods of transition when two or more generations are involved, highlights the fact that working with family can be extremely challenging, puts relationships under pressure, often in very subtle ways, and ultimately impacts adversely on the business.
Unfortunately, so often when family issues are causing business problems, the tendency, for a number of reasons, is for the business leaders, the family and their professional advisors to focus on solving the "business problem". The advisors because that is what they are trained to do; the family because it is too complex and emotional to address the family issues; the family leader because it is almost impossible to be accepted by all as being objective and impartial and of course he/she may actually be the problem!
Our Client Feedback
Our planning for the future had become stuck in lots of technical detail and it felt that we were not making enough progress. The way FBS went about their work guided the family firmly but sensitively through the process of making key decisions; the big picture ones that then make it easier to deal with the detail. Their process for doing this kind of work is markedly different from the way other advisers operate and we can vouch for the advantages of getting both generations involved in the process.Morris Hamburger Searchlight Electric Ltd
I finally realised that unless we could first address family issues we would never solve our business problems. Through contacting the Scottish Family Business Association, I was put in touch with Family Business Solutions. I cant speak highly enough about the contribution from FBS.
Over the last 3 years, they have clarified our shared purpose as a family and a business. Profitability has increased substantially. Thanks to FBS we have in place Governance and Management structures that are fit for purpose and a next generation that are better informed, understand the vision and shared purpose for Hendersons and are clear about what part they will play as future owners of the business.Oliver Henderson
I have known FBS since their inception and have watched them develop and hone their expertise for over a decade. Aside from their outstanding consulting services, they have an amazing depth of knowledge and experience that they share generously with the family business world through training and publishing.Martin Stepek, Chief Executive, Scottish Family Business Association
FBS is a world-class resource.
FBS worked with both generations of our family and the board of directors to help us develop a Family Constitution. This now helps guide us in many areas of importance to the family and the business. There’s a lot of work involved in creating a constitution and it was essential for us to have the right information and advice to ensure that ours would last for a long time.Jim Walker – Walkers Shortbread Ltd
The work FBS did with the next generation of our family was hugely helpful.
Family Business Solutions was asked to advise on constituting the family interests in a much-loved landed business. The prospect of greater financial success, and the passing of interest through the generations, required a more formal structure. It was a long, detailed and sometimes tense process -but FBS guided us through it with great skill, patience and discretion. Without that guidance, it would not have happened. And now the family governance is on a completely different level.Artordinsh Estate company Ltd and Raven family
Family Businesses are complex and emotional organisations. It is amazing how many professional advisors try and separate the business from the family and fail to comprehend the many layers of power and control involved. It is refreshing and comforting to know that there is a truly world class expert available in the FBS team who can understand and deal with the complexities of family businesses and also calmly and logically work out solutions . Their knowledge of family business is outstanding and enlightening and their approach is very professional, amiable and ultimately achieves outcomes. They are able to keep the process on track and that is important. I have a great deal to thank the FBS team for and will be back to see them when it is time for the succession planning in the future.Jane Wylie-Roberts