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New research has found that family businesses in the UK are no longer being passed down to the third generation, according to the 'Second Generation Family SMEs in the UK' report compiled by Barclays and CEBR.
The report states that three in five UK adults would want to pass on a family business to the younger generation in their family if they had the opportunity, however 23% of those over 55 feared that the younger generation would not want to inherit it.
(ref: The Telegraph http://www.telegraph.co.uk/finance/festival-of-business/10913013/Family-businesses-on-the-wane.html) |