FPM, part of the AAB Group is delighted to announce today, Monday 31st October, the expansion of our R&D Tax Credit Services with the acquisition of May Figures Ltd, a leading R&D Tax Credit provider in the UK.
This R&D Tax Credit acquisition complements FPM’s current service offering to clients in Ireland and further enhances and strengthens our team in Northern Ireland and the UK.
Established in 2013, May Figures Ltd has grown across the UK, building a successful track record delivering over 3,500 successful R&D Tax Credit claims. This service includes assessing eligibility, preparing financial and technical reports, maximising tax savings and cash rebates through tax planning initiatives and advising on optimum client supplier and customer contracts. The entire process, from inception to filing with HMRC.
The highly specialised team comprises Oxbridge PhD computer scientists, engineers, chartered accountants and chartered tax advisors, all of whom support a range of clients from tech start-ups to AIM listed groups and multinationals. May Figures Ltd’s specialist tax focus, coupled with its in-house technical and patent law-qualified team, delivers a level of expertise rarely available to SME clients. This year alone the firm has filed R&D claims worth more than £12 million on behalf of clients to date.
Following investment from August Equity 12 months ago, the AAB Group has been building strong regional hubs across the UK and Ireland, with businesses who share the same values and culture. This acquisition is another significant step forward in building a reputation as a diversified business critical services group dedicated to helping clients achieve their goals.
Malachy McLernon, Tax Partner at FPM commented: “We are delighted to welcome May Figures to the team. The group has grown rapidly this year, and with that growth we have seen an increasing number of our clients seeking support and specialist advice in R&D Tax Credits. I know our team will look forward to getting to know everyone at May Figures and welcome them as part of our expanded R&D team here at FPM.”
The AAB Group employs more than 650 people across 10 locations in the UK and Ireland.
(L to R) Derek Gemmell, Partner and Head of Innovations Tax at AAB, Dr Mark Graves and Julia May, founders of May Figures Ltd, and Neil Dinnes, Partner and Head of Corporate & International Tax at AAB