Family businesses continue to take the long view, looking ahead
to the next generation and doing what is necessary to ensure that
they pave the way for succession. This is even more important
during tough economic periods.
Family businesses, of which there are a high concentration in
the Yorkshire region, are ideally positioned to fill the gaps that
open up in times of recession. For if the region is to boom again
it will need these businesses to step up to the mark once more.
Many have a fascinating history and some have become international
Businesses in this sector, while not risk averse, have proven to
be adept at building up cash reserves and avoiding reliance upon
high levels of bank borrowing. The problems that exist in all
corporate business environments are magnified in family and owner
managed businesses; operations are intertwined with family
relationships and undoubtedly family problems can affect the
business if they are not properly managed.
Matrimonial issues, death, health and financial problems all
potentially create difficult situations. Rollits can help your
business as a trusted advisor. Using our experience we can help
guide businesses through the challenges and optimise the
opportunities by bringing systematic thinking that cuts through the
problems inherent in this sector and contributing essential
Our sector experience
Rollits represents family businesses working across a whole
range of sectors and our involvement with some clients dates back
to our formation in 1841.
The scale of the businesses we deal with ranges from those with
£5m turnovers to those with turnovers running into hundreds of
millions, with staffing levels from 25 employees up to thousands.
Many have been around for generations and others were established
more recently. As these businesses grow, the breadth of legal
services required increases.
We take great pleasure in forging long-lasting relationships
with these businesses and guiding successive generations through
periods of growth. We have seen businesses change beyond
recognition with the continuum being the family at the helm. Their
legal needs are wide ranging and we have great experience in
succession issues, the establishment of limited liability
partnerships, pensions, trusts, tax planning, inheritance tax,
corporate finance, dispute resolution, exit strategies and
de-mergers. We advise on the creation of trust funds, wills and how
to pass on shares in the most tax efficient way. Our geographical
location has resulted in us building up a client base across a
range of sectors. Our region, known for its entrepreneurial spirit,
is dominated by family-run businesses.
Why use Rollits?
Our expertise in corporate and commercial law and private
capital, in addition to all the other services we offer, really
sets us apart from other law firms. We look after family businesses
in a very pragmatic way. We play a very active role, using our
experience, that helps inform sound business decisions, and work
closely with our clients in order to truly understand their
We are fully aware that many families are often very firm
in their views, with individual family members having their own
visions and goals for the business. We understand that
relationships in family businesses sometimes involve a very
delicate balance of power and we know how to fine-tune companies to
prevent them become disparate entities.
Families businesses view us as trusted advisors who can really
help them manage their affairs, allowing them to focus on business
- Banking and Finance
- Contracts and Commercial Issues
- Dispute Resolution
- Corporate, Corporate Finance, Recovery and Insolvency
- Employment and Pensions
- IT and Information Law
- Planning, Construction and Development
- Succession Planning
- Family Matters
- Regulatory Matters
Get in touch
To discuss our services, please contact us.