Family business accountants in Birmingham
One of the main attributes of our firm is its ability to deal with family businesses
Why choose Barnett Ravenscroft as your family business accountants?
We represent many well-established family companies, some of which are now onto their third and fourth generation of owners.
One of the main questions that we are asked is “What do other family businesses do in similar situations?”
We are in an optimum position to be able to offer assistance and advice as we have seen many family businesses over the years and can advise accordingly on the route taken and the best way for your business to deal with similar issues.
Such areas have included:
Salary discussions for the various family members
When to give shares down to generations, when not to and the pitfalls of doing so - such as potential future matrimonial issues that can result in shareholdings moving outside of the family
Selling your business externally or if there are more family members coming through the business to take over in later years
Family issues that come about when children and grandchildren start to enter the family business and the financial planning of such
Advice around school fees
“The goal of Barnett Ravenscroft is to ensure the success of your family business. This includes the generation of profits and distribution of such together with ensuring that all wealth is maintained and protected within the family."
— Ben Eley, Partner
Barnett Ravenscroft have been looking after family businesses for over 45 years.
We are on hand to provide expert advise to improve your business and increase its longevity.
We can provide advice and guidance around inheritance tax and estate planning, how to hand your business down not only in the most tax efficient manner but also in the best manner to reward and motivate the various family members.
Estate planning with family businesses can be a minefield, not only the tax implications but the implications for the family itself, particularly where some family members are involved in the business and some are not. We have a wealth of experience in these areas to help you make the fair and correct decisions.
Hear from our family business clients
“I have worked with Barnett Ravenscroft for a large number of years now, and I am actually the second generation in my family to use this excellent accountancy firm. Being large enough as a company to deal with the big stuff, they have not lost the small company attitude, which means they truly support their customers with a friendly personal service. Unlike other companies, they come up with support you need, without you actually asking, which has proved to be invaluable to a busy company owner like myself. Through the pandemic, the information they have provided has been incredibly useful to my company, and I would class them as second to none.”
- Mark Bennett, Company Director of Caramba Marketing Ltd
“We have used Barnett Ravenscroft as our accountant for many years. We have always been pleased with their exceptional professional standards and efficient service. We value their understanding of our business and input from an accounting perspective. An accountant to be thoroughly recommended.”
- Sandra Ralston, Ralston Developments Limited
“Simply the best accountants any business could have! I met Phil Barnett about 25 years ago when he assisted my bank and myself to get a grip on my expansion plans for my firm and have been with them ever since and could not think of a better firm to look after you and your business. I have heeded Phil’s advice and I am still going strong after nearly 40 years !
They provide an excellent efficient service and, as any decent firm of accountants should do, they add value to your business with timely and sensible advice. I feel safe in their hands and the current owner Ben Eley is a credit to the firm and a great successor to Phil.”
- Brendan Fleming, Brendan Fleming Solicitors
We can help.
Increase family wealth
Some of our clients are now in to their third generations of family and we have worked with them all.
Provide expert advice
As your family business accountants, we are on hand to provide expert advice to improve your business and increase its longevity.
Plan the future
We can advise how to hand your business down not only in the most tax efficient manner but also in the best manner to reward and motivate the various family members.
