R&D tax relief consultancy Access2Funding has been taken over by Manchester rival Catax - and its boss says the acquisition will help it to continue growing.
Birkenhead-based Access2Funding will continue to trade under its own name and Catax will be retaining all 32 of the company’s staff, including chief executive Dawn Coker.
Access2Funding was founded in 2014 and has made more than 1,650 R&D tax credits claims for businesses of all sizes, helping to recover more than £54m.
Manchester-based Catax was founded in 2008. Earlier this year it was itself taken over by global tax services and software provider, Ryan.
Dawn Coker, CEO of Access2Funding, said: "I'm thrilled at the opportunity this represents for the business and all of our staff.
"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.”
Catax’s latest acquisition was brokered by FRP Advisory.
Mark Tighe, founder of Catax, said: "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 companies are based not that far away 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."
