British partner system can help Irish firms

In 1909, a young man fell off his horse on his way to work in his father’s fabric and haberdashery shop in London’s West End. The accident resulted in near-fatal injuries, from which he spent two years recovering.

During his extended recovery period, the man reviewed the shop’s books of accounts, and found that, while he, his father and brother – who jointly owned the business – were taking more than 99 per ...