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This document is based on research conducted with approx 1200 businesses in the South East.
It measure business owners attitudes towards Succession Planning, such as;
29% of owner managers currently have no plans relating to what they will do with their
business on retirement. However, 7% intend to close the business.
In all other age groups, anticipation of transfer of ownership is more common than
anticipation of closure and the difference is particularly significant for the 55-64 and 45-54
age groups. These findings suggest a need to target support for succession planning
towards these age groups.