Scots family firms reveal ravages of the recession
Nearly half of the owners of small and medium-sized family businesses in Scotland are making personal sacrifices to keep their firms afloat and more than one-quarter have had to change their succession plans.
The survey of 75 Scottish family-owned firms, by Glasgow-based business consultant Craig Corporate, also shows more than three-quarters of these firms have not seen any significant improvement in their bottom line since the recession ended late last year.
