Peter Rayney shares a succession planning story (anonymised, of course).
On a sweltering bank holiday Monday, Kylie was having a rare moment in her deckchair. She would be 64 next week and this led her to think about the future of ‘her’ civil engineering business, particularly who would ‘take the reins’ when she was unable to carry on.
She owned 100% of the shares in her company – Padam Padam Ltd (PPL) – which was currently worth some £8m. She had been living with her life partner, Jason, for over 16 years. She also had a daughter, Dannii (from her earlier marriage), who is now 35 years
