R&D tax reduction consultancy Access2Funding has been taken over by way of Manchester rival Catax – and its boss says the purchase will lend a hand it to proceed rising.
Birkenhead-based Access2Funding will proceed to business underneath its personal identify and Catax will probably be maintaining all 32 of the corporate’s team of workers, together with leader government Dawn Coker.
Access2Funding was once based in 2014 and has made greater than 1,650 R&D tax credit claims for companies of all sizes, serving to to get well greater than £54m.
Manchester-based Catax was once based in 2008. Earlier this yr it was once itself taken over by way of international tax services and products and device supplier, Ryan.
Dawn Coker, CEO of Access2Funding, stated: “I’m thrilled at the opportunity this represents for the business and all of our staff.
“Catax is likely one of the maximum relied on names within the tax reduction sector and this funding will let us leverage their experience to extend supply for our shoppers and keep growing Access2Funding at tempo.”
Catax’s newest acquisition was once brokered by way of FRP Advisory.
Mark Tighe, founding father of Catax, stated: “Access2Funding has been a growing force in the R&D tax relief space and we’ve been impressed by the expertise of the company’s team and the quality of their work for some time. Their client roster is a reflection of that.
“Our two corporations are founded no longer that some distance clear of each and every different, so it’s the tip of what has been a little bit of a neighborhood derby and we’re extremely joyful to welcome them to the fold. They’re now a part of a trade that has an impressive popularity around the world.”