Vistra Insights

Creating Wealth: Supporting the next generation of entrepreneurs

Client profile: A London-based entrepreneur with a family business in food and beverage in Europe 
 

Challenges: Our client wanted to focus on the creative side of the business and needed support when it came to the practicalities of establishing and running a business.
 

Vistra services provided: Setting up of business, ongoing administration – legal, banking, tax and HR support and advice, UK investor visa application, virtual CFO

One of the most fascinating aspects of our work with families is the emergence of the next generation and how they choose to move forward in the world. Whether they become involved in philanthropy, join the family business or choose to branch out on their own, we provide support and advice no matter what route they take.

We recently advised the eldest son of a family with an extensive food and beverage business in Europe, who wanted to set up his own chain of restaurants in London. As someone who was passionate about food and had a business partner in place to provide the financing, he was less confident when it came to the practicalities of establishing and running a business. 

He simply wanted to focus on the business itself – including the creative side, such as design and marketing – while the set-up of the business and ongoing administration was put into expert hands. This included full legal, banking and tax advice as well as help with obtaining a UK investor visa for his business partner.

We were able to help him with these requirements. Not only did we introduce him to and co-ordinate lawyers, tax specialists and property agents, we took responsibility for employment and payroll services, stock control and cash flow monitoring, statutory reporting and tax compliance. We also co-ordinated the UK visa process and put a virtual CFO in place to provide financial oversight. 

As a result of Vistra taking care of the back office, our client was able to put all his energies front of house – and in only two years managed to open multiple locations for his new venture.

If you would like to discuss how Vistra can help you create, preserve or transfer your wealth, please contact one of your local experts:

Location Name and title Phone number
UK Chris Marquis
Global Head of Private Wealth
+44 203 872 7325
China     Sherrie Dai
Managing Director, North Asia
+86 21 6085 6188
Hong Kong SAR Yumei Zhang
Executive Director, Head of Private Wealth, Greater China
+852 2848 7580
India     Navita Yadav
Managing Director, India & Mauritius
+91 22 2659 3882
India     Neeraj Aggarwal
Director, Private Wealth, India
+91 22 2659 3659
United Arab Emirates Heba Al Emara
Managing Director, Middle East
+971 4 278 3600
Singapore Chris Burton
Managing Director, South East Asia
+65 6854 8010
Singapore Christine Tan
Managing Director, South East Asia
+65 6854 8061
Jersey     Clive Wright
Managing Director, Jersey
+44 1534 504560
Malta Dr. Anthony Galea
Managing Director, Marine & Aviation
+356 2258 6400
Switzerland     Sascha Züger
Managing Director, Switzerland
+41 44 296 68 70
UK David Rudge
Managing Director, Corporate & Private Wealth UK
+44 203 872 7334
UK Julius Bozzino
Director, Private Wealth, International
+44 203 872 7384
Cyprus Nick Terry
Managing Director, Cyprus
+357 25 817 411
Luxembourg Joost Knabben
Commercial Director, Luxembourg
+352 422 229 530
Luxembourg Farabi Zakaria
Commercial Director, Luxembourg
+352 422 229 398
USA Raúl Markos
Director, Private Wealth
+1 305 978 1742

 

This article was written based on a current client of Vistra in the UK. 

 

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