Business succession

bloemveiling2

Profile

Flower export business, founded more than 25 years ago, developed from a one-man business to its current size: turnover around 50 million euro. Children in business, eldest son aimed to be successor as CEO.

Issue at hand

The company booked losses during the last two years. No plan for management succession.

KwikGielen

In consultation with the board of directors, numerous reorganisation measures were implemented:

  • Strategic reorientation;
  • Higher profit margins;
  • Efficiency improvements in logistics processes;
  • Improvement of internal organisation by strengthening of financial management;
  • A plan for management succession was developed, a new legal structure was set up, coaching and guidance of the eldest son;
  • Installation of an advisory board.

Project time

Two years.

Result

The liquidity position and profitability improved significantly. Responsibilities for father and son are clarified. Management succession under the guidance of the advisory board.

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