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Planning for future generations

By assessing who owns what, and highlighting any debt or borrowing arrangements, long term plans can be better formulated.

Succession planning is vital to ensure the continued success of any business whether it is to identify and develop the next generation or prepare for times of crisis. Every business should have an adequate succession plan in place.

Being from a farming background, YoungsRPS land agents understand that many family-run farming businesses involve several generations of the same family - this can make succession a difficult process.

If business growth and secure family relationships are to be maintained, someone has to raise their head above the parapet to have, what some would consider to be, a difficult discussion, an independent professional can often help this process.

You may not want to consider the worst but you can put into place a series of contingencies which will help your company keep going should the worst happen.

If you feel that you could benefit from the involvement of a third party, we can provide you with an overview of values, potential pitfalls and opportunities.

Contact us today to discuss your needs.

Our Offices

Alnwick

31-33 Bondgate Within
Alnwick
Northumberland
NE66 1SX

Estate Agency
01665 606 800

Land Agency
01665 606 800

Hexham

Priestpopple
Hexham
Northumberland
NE46 1PS

Estate Agency
01434 608 980

Land Agency
01434 609 000

Newcastle

Shakespeare House
18 Shakespeare St
Newcastle Upon Tyne
NE1 6AQ

Commercial
0191 261 0300

Northallerton

80-81 High St
Northallerton
North Yorkshire
DL7 8EG

Estate Agency
01609 773 004

Land Agency
01609 781 234

Sedgefield

50 Front Street
Sedgefield
Co. Durham
TS21 2AQ

Estate Agency
01740 617 377

Land Agency
01740 622 100

Dumfries

Lochar House
Heathhall
Dumfries
DG1 3NU

Land Agency
01387 402 277