Mungo Dunnett Associates: Management and Marketing Consultancy

Succession Planning

Background

A machinery wholesaler and franchise holder, who over 40 years had built a network of depots and a respected local business operating across 3 counties

No future planning having been undertaken for many years; management always too busy to break away from ongoing fire fighting

Management team all approaching retirement, with no succession plan in place

Senior management requiring exit strategy which released capital for their retirement

Uncertainty as to the options and viability of entering the venture capital market

Uncertainty as to the options for restructuring the balance sheet to release capital