Monday, 21 September 2020 07:51

AAB strengthens support for family businesses with dedicated team

AAB strengthens support for family businesses with dedicated team

Anderson Anderson & Brown LLP (AAB), one of the UK’s leading independent firms of chartered accountants and business advisors, is building on the support it already provides to family businesses by establishing a specialist team dedicated to the sector.

AAB currently works with over 1,000 family businesses, which totals 75% of the firm’s SME client base. This dedicated team has been formed to support AAB’s significant client base with a central hub of knowledge and experience of the complex financial and business advisory needs of families, both business and personal.

The team will be headed up by the firm’s Edinburgh Managing Partner Lyn Calder, who will be supported by a team of nine specialists from across the firm including Tax Directors Lynn Wilson and Stuart Petrie, who are based in Aberdeen.

Lyn Calder commented “At AAB our very first client was a family business and for over 30 years we have continued to work with family businesses across multiple sectors ranging from fishing to oil and gas, and from hospitality to construction and property. As a result, we have extensive knowledge and experience in this space across the firm.

Recognising that family businesses are unique, and that they require a considered approach, coupled with a different way of thinking, we are delighted to have established our core family business team. This central resource will ensure that our clients continue to receive a first-class service, aiding day-to-day operations in addition to potential future growth, which goes above and beyond core business compliance. Ultimately our role is to use our experience to add value to their businesses and ensure they succeed and prosper.”

AAB is also a proud member of Family Business United, a voice for the global family business community and an invaluable source of insight into the sector.

Family businesses are the backbone of the UK economy. According to the Institute for Family Business, there are around 5 million family firms in the UK employing around 13 million people. They comprise 85 per cent of all the private sector firms in the UK and contribute 42 per cent of the sector’s annual turnover and 28 per cent of UK GDP.

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