Richard Tyler writes an interesting article about Samworth Brothers, the Leicestershire chilled food company which makes Melton Mowbray pies and The Ginsters. It is a very tasty business owned by the Samworth family since 1868. Very different from the Active Equity Companies of the Cambridge Cluster. Very clever how the family has kept the business growing and rewarding the highest paid director (likely not to be a family member) with a £1.4m pay package. So many family run companies run into trouble as the shares cascade down the generations and the company remains a Passive Equity Company with no need for a business plan resource.
Hat tip: Daily Telegraph 6 October 2011
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