This award is open to first generation family owned companies, multi-generational businesses and publicly owned firms in which founding families still hold a significant stake.
Applicants will be judged on how the profitable business has increased its potential over the last financial year; the size and age of such the business will be considered against its financial performance.
The judges would also like to know how the business has demonstrated best practice in aspects such as working with non-family members, developing younger family members/future leaders, and implementing successful generation transitions.
All submissions must be 1000 words or less
No additional attachments, insertions or images allowed except for accounts.
Please be sure to answer all the questions in full on the entry form
Please enclose a copy of your company’s latest accounts with your submission. Annual accounts can be submitted or other internal documents such as management accounts.
- Why should your business be the winner of Family Business of the Year?
- Briefly outline how the development and growth of your business from the start and any factors that prompted his launch. Please provide the date that the business was established.
- Please provide an outline of each of the following aspects of your business background:
- Its products/services
- Your markets/customers
- The competition
- The organisation/personnel
- Outline any systems that are in place to monitor financial performance, how does this compare to your business plan? Provide as much information regarding the growth, turnover and profit.
- Please provide details regarding your current share in the market and your performance compared to your competitors in this market. Please include any details relating to achievements in export as well as the development within ‘new’ markets.
- Please give details of new product/service developments, new production methods and any research or development procedures planned for.
- Please provide your company structure criteria and outline how the business measures successes in the following areas:
- Management, leadership and working with non-family members
- The development of young family members and future leaders
- Implementing successful generational transitions
- Mitigating against conflict in the family
- Financial, stock and production controls
- Particular Achievements over the last 12 months
- Any other matters of significance