Profile view of Limburg Castle in front of the Limburg city facade

Compa­ny succes­si­on in Limburg is a chall­enge accor­ding to the IHK

More than 500 compa­nies are facing compa­ny succes­si­on in Limburg and Weilburg in the next five years. Succes­si­on planning is started too late and the search for a succes­sor turns out to be diffi­cult. These are the main findings of a survey on the subject of compa­ny succes­si­on by the Limburg Chamber of Commer­ce and Indus­try among entre­pre­neurs in the econo­mic region of Mittel­as­sau. This confirms a trend in the Limburg and Weilburg region that is causing concern nationwide. 

Demogra­phic change meets decli­ning interest in successors

Due to demogra­phic change and the decli­ning interest in setting up a business, there are fewer and fewer poten­ti­al succes­sors in the Limburg CCI district compared to the growing number of businesses to be sold. Around 75 percent of entre­pre­neurs who are conside­ring giving up their business say that they have started too late with the succes­si­on (50 percent) or that they have not found a succes­sor at all (25 percent).

Compa­ny succes­si­on in Limburg: Active search decisi­ve for success

Final­ly, the survey also confirms the widespread behaviour of many entre­pre­neurs not to start a syste­ma­tic search for a succes­sor in time. In the vast majori­ty of cases, succes­sors are only sought in the entrepreneur’s immedia­te environ­ment. Only 9 percent of the survey parti­ci­pan­ts stated that they actively search for an exter­nal succes­sor. In contrast, the experi­ence of the consul­tants from K.E.R.N ? Die Nachfolge­spezialisten that an early, well-prepared and supra­re­gio­nal search for an exter­nal succes­sor is crowned with success in most cases. The free infor­ma­ti­on event organis­ed by the Limburg Chamber of Indus­try and Commer­ce (IHK) as part of the nation­wi­de IHK Action Day on Compa­ny Succes­si­on on 21 June 2017 is inten­ded to show what entre­pre­neurs need to pay atten­ti­on to and how mista­kes can be avoided so that the search for a succes­sor in one’s own compa­ny is successful. Thomas Dörr, partner of K.E.R.N ? Die Nachfolge­spezialisten in Frank­furt presents typical pitfalls and mista­kes in the search for a successor.

500 entre­pre­neurs in Central Assau affected

Accor­ding to an analy­sis by the consul­ting firm K.E.R.N - Die Nachfolge­spezialisten, around 500 entre­pre­neurs over 55 in the Limburg-Weilburg district will have to deal with the issue of succes­si­on in their own compa­ny in the next five years. “The evalua­ti­on shows the high importance of the succes­si­on issue for the econo­mic region of Mittel­as­sau,” says Thomas Dörr, partner at K.E.R.N.

Source Photo: City of Limburg an der Lahn

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