Business Succession

Many businesses in Wales face problems when one or more of the owners want to leave the business. Without a new buyer, the business and jobs can be lost.

The Wales Co-operative Centre’s Business Succession service helps businesses survive by supporting a management buy-out or an employee buy-out – this means transferring business ownership to the workers.

For many companies, particularly family owned businesses, succession planning is vital. Planning ahead to sell the business to workers or employees, avoids a hostile business takeover, avoids redundancies and safeguards jobs.

Transferring business ownership to workers or employees also ensures staff control and is the best way to guarantee that the business continues to prosper.

The Centre can also install an Employee Share-Scheme (using EBT, CIP or EMI models) so that ownership can be transferred gradually and in a structured way. It is the only agency in Wales with expertise in this area.