R&D tax credits specialist Jumpstart is rebranding as ABGI UK after it was taken over by a French firm this year.
The Edinburgh-based business's brand has continued alongside Visiativ's ABGI UK brand but both are now to operate under the latter name. Jumpstart had been focussed on the SME market while AGBI targeted larger businesses.
The move is part of a £250,000 investment in the UK business which includes the opening of a new London office and the aim of a 25% growth in staff. ABGI UK provides R&D tax credit and Patent Box services, and has also expanded into include risk assurance, grant funding, R&D advances and capital allowances.
With its headquarters in Edinburgh and existing offices in Birmingham and Manchester, ABGI UK’s new London premises will be in the City of London in New Broad Street.
ABGI UK CEO Scott Henderson, who was managing director of Jumpstart and led its sale to the French parent company, said: “The significant investment into the UK operation comes on the back of strong growth in our business. We are seeing increasing interest from companies looking to address the inherent conflict of interest and risk exposure of using their accountant or audit partner for this type of consultancy. Furthermore, we are seeing companies looking to access our expertise to optimise their claim, experience a better service or pay a more competitive price.
“Along with the new London premises, this investment from our parent company enables us to further build our UK presence and leverage decades of experience to expand our service offering both for large corporates and SME clients across ABGI’s international footprint.
“While Jumpstart will now fall under the ABGI brand, the talent, ethos and spirit that built it into a hugely successful UK-wide R&D tax advisory business remains firmly in place. We now move forward as the leading adviser for accelerating and funding innovation for UK companies.”
In just over 10 years, Jumpstart had made 4,300 successful R&D tax credit claims for its 1,400 clients and expanded from Edinburgh into Birmingham and Manchester.
