Innovation advisor ABGI UK is seeking new acquisition opportunities after completing the integration of Hereford-based R&D tax relief specialist, MSC Associates.
ABGI UK, part of the ABGI Group, one of the world’s leading tax incentive and innovation management advisors, advises clients across the UK through its network of regional offices. Earlier this year the company acquired MSC, a firm established in 2012 by Mick Merrick, Steve Crooks and Chris Pinches, exclusively focused on managing clients’ R&D tax relief claims.
With MSC’s operations, including the seamless transition of client services, now integrated into its new owner’s business, ABGI UK has announced it is looking at further acquisitions to fuel its growth plans.
Scott Henderson, Chief Executive of ABGI UK said: “ABGI UK continues to go from strength to strength. Following our successful acquisition and integration of MSC, whose founding directors worked closely with us before exiting the business, we are seeking new opportunities for growth across the UK.
“In addition to drive further organic growth – we’ve generated a 100% increase in new business over the last year – we are also interested in businesses like MSC which share our solid infrastructure as well as high service standards and close client relationships. Where we find an ideal fit and close cultural alignment, we will be looking to make further acquisitions going forward.
“At a time of economic uncertainty, more and more UK businesses will need to focus on innovation and also ensure they secure the many support measures that are available to help them in that process. This funding for innovation is now critical to businesses emerging from the pandemic and facing a potential impact from Brexit at the end of this year. This challenging environment creates significant growth opportunities for high quality advisory businesses like ours.”
About ABGI Group
ABGI UK is part of the ABGI Group, sharing a heritage going back over 30 years. ABGI Group secures over £1bn in tax credits and grant funding every year for many of the world’s best-known brands including Hermes, one of the UK’s largest parcel delivery firms, automotive giant Fiat and global digital industrial company General Electric.
ABGI Group is the consulting division of Visiativ Group, a French-listed company specialising in innovation and digital transformation.
Operating throughout the entire value chain of innovation, ABGI Group is dedicated to helping clients accelerate innovation and business expansion around the world from our regional headquarters in the United Kingdom, France, Brazil, Canada, and the United States.
ABGI UK is the latest chapter in that story, combining an international perspective with local experience and expertise for the benefit of UK-based clients.