Phil Dudderidge floated his business on Aim in 2014, since then the business has done well and so it could be argued that this has been a successful transaction.
But this may not be the case for all family firms and this article looks at some of the pro's and cons of this route.
The article includes some great comments from Elizabeth Bagger from the Institute for Family Business.
The IPO route does not appeal to all family business owners, however. They can be reluctant to dilute family ownership, because of the potential loss of control, and stock market investors sometimes worry that the families might be too self-interested to ensure good stock performance.