FBUK delivers inaugural Ownership in Family Business Masterclass

A successful and insightful day of knowledge share, benchmarking, and exchange of best practice on the thorny topic of Ownership in a family business, was kindly hosted by our partners NatWest in Bishopsgate, London on the 15th April 2024.

Moderated and skillfully led by subject matter experts from our carefully selected Corporate Partners Deloitte Private, Farrer & Co and NatWest, proceedings were attended by a truly collaborative and interactive cohort of Family Business leaders and owners, openly sharing their experiences, in a reciprocal, safe-space Chatham House environment.

Family Business Ownership Panel 

Thanks must go to our esteemed family business member panellists: Alexander Bradford from Bradford and Sons and Geoffrey Bibby from Bibby Line Group Ltd.

Alexander and Geoffrey openly discussed their personal experiences of exploring the different models of ownership, highlighting benefits, challenges and their personal accounts of transitioning, and managing change.

Shares, Trusts, Tax, External Management, and Succession

The programme’s morning session covered topics such as Structuring Shares, Trusts and Tax, External Management and Ownership Succession, ably facilitated by subject matter experts: Stuart May from NatWest, David Simarro from Deloitte, Anthony Turner, Richard Lane and Sonal Shah from Farrer & Co.

Following an excellent lunch and a welcome opportunity to connect with fellow delegates in a relaxed and convivial atmosphere, the afternoon session reprised with a workshop on the subject of ‘Becoming an Owner’.

Delegates enjoyed splitting into groups, idea storming, and working collaboratively to tackle subjects such as:

  • Roles and Responsibilities: what does it mean to be an owner?
  • What does it take for a family member to become owner of the business?
  • Developing Next Generation development plans, responsible stewardship, and governance?
  • Differences between 1st/2nd and multi-generational business?
  • Choosing Trustees: Family and non-Family.
  • Interaction between trustees and the board.

Fireside Chat with Rupa Patel, Executive Director at Day Lewis Pharmacy

The programme ended with an extremely well received Fireside Chat with FBUK member Rupa Patel, 2nd generation Executive Director of Day Lewis Pharmacy, on the subject of – ‘When ownership is passed on: challenges and generational dynamics.’

Rupa captured the attention of the audience with a frank, insightful and emotional account of her personal experience of living and working in a multigenerational family business.

Delegates ended the day with another opportunity to meaningfully connect over drinks, exchanging views on the day’s programme, and what they shall takeaway & implement from today’s learnings, whilst getting to know one another.

Masterclass Programme & Member Resources

Find out more about the Family Business Masterclass programme  covering topics of material import to Family Businesses, including Ownership, Succession, Governance and Non-Executive Directors (neds).

FBUK members can  log into the FBUK Member Resources Centre to access an exclusive host of resources to help your family business, with Succession, Governance and understanding the unique life stages of the family business journey, including:

Further Ownership Resources:

  1. Challenges Of Running a Family Business
  2. What type of Owners do you want?
  3. Fostering Responsible Ownership
  4. Ownership Wealth and Transfer
  5. Employee Ownership Trusts


FBUK Launch 2024 Programme of Family Business Masterclasses

Following on from the successful Autumn 2023 launch of Family Business UK’s expert-led Masterclasses, we are delighted to announce our expanded 2024 programme of Masterclasses for family business.

The FBUK Masterclass programme is a series of comprehensive, family business focussed one-day courses designed to support family business owners, family members, operational directors, shareholders, non-family executives and NEDs, to navigate the complexities and nuances of managing, directing, and owning a family business.

Launching in 2023 with hugely successful sessions on Succession in association with sector experts at Alembic Strategy, Farrer & Co, and KPMG and Governance in association with the experts at Boodle Hatfield and PwC,   the 2024 programme has been expanded, to meet demand.

Including Masterclasses on Ownership, NEDs, Succession and Governance, ensuring there is a session of material import for everyone, no matter your role in the business or family.

The Masterclass series is delivered in collaboration with leading family businesses and industry experts, combining a mix of facilitated learning, peer discussion and knowledge share, “live” family business case studies and shared experiences, and tailored workshops. Providing the opportunity to further best practice, amongst families, and specifically tailored to the unique needs of family enterprise.

The Masterclass series features the rare opportunity to hear real-world case studies from family business owners, including, in 2023, representatives of:

  • William Jackson Food Group
  • The Clancy group
  • Dormole Ltd
  • Sigma Pharmaceuticals
  • NG Bailey
  • Bettys & Taylors of Harrogate
  • Wates Group
  • Laithwaites Wines.

And are facilitated by Family Business UK and experts from:

  • Alembic Startegy
  • Boodle Hatfield
  • Deloitte
  • Farrer & Co
  • KPMG
  • Natwest
  • PwC
  • Saxton Bampfylde

2024 Masterclass Line-up

  • 16th April 2024 – Ownership Masterclass: Exploring ownership structures, the role of trusts, the implications of share-structures, building a tax effective business, and responsible stewardship.
  • 14th May 2024 – Non Executive Director Masterclass : Exploring readiness to recruit our first non-family NED? Finding and onboarding NEDs, the role of the NED (family and non-family) seeking ROI, and maintaining family values and culture.
  • 27th September 2024 – Succession Masterclass: Exploring the choice to be a family in business? And the purpose of the family business, managing family dynamics, engaging the next generation, different roles in the succession planning process, and succession planning – structures, tips and shared peer experiences.
  • 6th November 2024 – Governance Masterclass: Exploring the role of family governance. Corporate and family governance models, roles and practical action to fill skill gaps, finessing  governance for your family business.

To learn more about the 2024 Masterclass series for family business Download the Masterclass Programme here.