Innovation Funding Specialist Catax, a Ryan Company, Acquires R&D Tax Relief Consultancy Access2Funding
LONDON–(BUSINESS WIRE)–Ryan, a leading global tax services and software provider, today announced that innovation funding specialist Catax, a Ryan company, has acquired research and development (R&D) tax relief consultancy Access2Funding.
Access2Funding, headquartered in Birkenhead, Merseyside, United Kingdom, will continue to operate under its own name, with Catax retaining all 32 of the company’s staff, including CEO Dawn Coker. Since being founded in 2014, Access2Funding has made more than 1,650 R&D tax credit claims for businesses of all sizes, recovering in excess of £54 million.
The deal is just the latest in a string of acquisitions that Catax has made since it was founded in 2008. Catax operates not only in the R&D tax credits arena but also specialises in capital allowances, patent box, grants, and remediation of contaminated land.
“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,” said Mark Tighe, founder of Catax. “Our two companies are based not far from each other, so it’s the end of what has been a bit of a local derby, and we’re delighted to welcome them to the fold. They’re now part of a business that has a formidable reputation around the globe.”
“I’m thrilled at the opportunity this represents for the business and all our staff,” said Dawn Coker, CEO of Access2Funding. “Catax is one of the most trusted names in the tax relief sector, and this investment will allow us to leverage their expertise to increase delivery for our clients and continue to grow Access2Funding at pace.”
Manchester, UK-based Catax was itself acquired by Ryan in March this year, further strengthening Ryan’s R&D global market position, presenting new service offerings in the UK and expanding the Firm’s scientific research and experimental development (SR&ED) practice in Canada.
“The acquisition of Access2Funding by Catax perfectly aligns with Ryan’s strategic goals,” said Ryan President of European and Asia-Pacific Operations Jon C. Sweet. “By creating one of the largest R&D practices in the UK, we are better able to serve clients with an incredibly deep bench of R&D expertise, as well as offer Ryan’s full suite of tax services to further enhance their tax functions.”
Access2Funding is an award-winning team of tax relief specialists and experienced business growth experts working with organisations to uncover hidden funds. It has teams across the UK, including England, Scotland, and Wales, with a head office in Merseyside. It is an ACCA-approved employer with an annual turnover of £4.5million. For more information, please visit www.access2funding.co.uk.
Catax, a Ryan company, is the UK’s leading expert in specialist tax relief. Since launch, it has recovered more than £444m of tax relief for its clients in the areas of research and development, capital allowances, the patent box, and the remediation of contaminated land. The company also specialises in grant applications for all sectors. For more information, please visit www.catax.com.
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. The Firm provides an integrated suite of international tax services on a multijurisdictional basis, including cost management, compliance, consulting, and technology services. Ryan is a 10-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognised as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 3,500 professionals and associates serves over 18,000 clients in more than 60 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com/europe. “Ryan” and “Firm” refer to the global organisational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.