UK family businesses Shepherd Neame Limited, the fifth-generation brewer, and Day Lewis Plc, the second-generation pharmacy chain, have been presented with the regional awards at the Coutts Prize for Family Business.
Shepherd Neame, which was founded in 1698, is the UK's oldest traditional brewer and has an annual turnover of £110 million, was named "Best UK Family Business, Southern England and Wales Region".
Jonathan Neame, chief executive of Shepherd Neame and fifth-generation family member, said he was "extremely pleased" to win the award. "Shepherd Neame remains a proudly independent family company. It brings together the best of modern, efficient production and distribution methods with traditional standards which stem from our family values," he added.
Day Lewis was awarded the same honours for the London and Greater London Region. As Europe's largest, privately-owned local pharmacy chain, the second-generation business has grown rapidly since it was founded in 1975 and has an annual turnover in excess of £150 million.
Kirit Patel, Day Lewis CEO and founding family member, said: "We are extremely pleased to receive the Coutts Prize for Family Business in recognition of the hard work of all our managers and staff and our family unity."
Both businesses were recognised for their successful corporate governance, innovation and family values that run through the company. Juliette Johnson, Head of UK Family Business, Coutts & Co said: "What really shines through is the strength of the families' values. These influence how and why things get done and act as the glue binding the family and business together. These strong values, coupled with their conservative approach and long-term planning, should give them the best possible chance to weather this current economic downturn."
The Coutts Prize is now in its fifth year and recognises UK-based family businesses that illustrate best practice in several areas particularly important to family business including the separation of ownership and management, next generation development and conflict management. (Click here to read more about the prize)
Shepherd Neame and Day Lewis will both go on to compete in the national finals of the prize, which will be held on 8 June 2010. (Click here to read our exclusive interview with last year's winner)
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