The Business Succession Timebomb Report
Can employee ownership help defuse the business succession time bomb in Wales?
A business succession time bomb could be about to damage the Welsh economy unless innovative forms of exit strategy are promoted to, and employed by, Welsh businesses. This is the key message of a new report published by the Wales Co-operative Centre.
Employee Ownership: Defusing the business succession time bomb in Wales.
The report highlights the dangers facing the Welsh economy of an ageing population of business owners. Owners generally do not prioritise time for succession planning and have a very low awareness of the probable pit-falls of their available business succession options in the current economic environment. The report examines the opportunities afforded by different forms of employee ownership, as a form of exit strategy that has strong benefits for both the owners and the employees.
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