The company provides a specialised service that enables its clients to maximise innovation funding from various Government schemes, including R&D tax relief, R&D allowances, grants, patent box tax relief, and land remediation tax relief.
With extensive sector knowledge and experience, particularly in healthcare technology and construction, the company is able to provide a more in-depth understanding of the specific requirements of these industries, helping its clients to identify and unlock the financial benefits inherent in their operations.
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At present, the company caters to over 250 clients, including several blue-chip organisations, benefiting from a 95% retention rate and client relationships spanning over six years.
The business is being offered for sale to facilitate its expansion under new ownership.
Offers invited.
Key Highlights
– An award-winning company with an excellent industry reputation for the quality and professionalism of its services and the added value brought by its knowledgeable team.
– Has submitted over 800 individual R&D tax claims during its time in operation, none of which have been retracted following a challenge from HMRC, as well as successfully defending many claims even up to first-tier tribunal.
– Clients include several well-known organisations run by respected industry professionals, with the calibre of the company’s portfolio increasing the credibility and eligibility of the claims it submits.
– Shareholders are willing to remain with the business post-sale, allowing a new owner to benefit from their significant expertise of a range of sectors and facilitate the growth of the company.
– Operates from leasehold premises in Central London, with scope to be relocated to any location, should a client prefer.
Financial Highlights
– Turnover of £1.2m for YE23, with an adjusted EBITDA of £665k.
– Turnover of £1.1m for YE24, with an adjusted EBITDA of £530k.
– Projected turnover of £1.35m for YE25, with an adjusted EBITDA of £815k.
– Pipeline of confirmed and ongoing work (already signed) expected to generate £1.35m in revenue (£455k of R&D already delivered as of July 24, £59k of grants already delivered, £220k planned for grants, and the remainder planned for R&D). This could be increased further with several opportunities that are currently under negotiation with clients in the sports science, waste management and healthcare sectors, amongst others.
– Considerable scope to increase turnover through the exploration of cross-selling opportunities, one of which could generate up to £1m in additional revenue.
