R&D tax credits specialist Jumpstart has been renamed ABGI Group and announced it is opening a new London office.
The company, which was taken over by a French firm earlier, is also recruiting additional people as part of a £250,000 investment to develop its UK business.
Headquartered in Edinburgh, with premises in Birmingham and Manchester, the firm confirmed its Jumpstart brand will be retired and moved under the ABGI UK banner to align it with international group strategy.
Alongside the existing R&D tax credit and Patent Box services it provides for clients, the firm has also expanded its product range to include risk assurance, grant funding, R&D advances and capital allowances.
ABGI UK’s new London premises will be based on New Broad Street in the heart of the capital, whilst the recent recruitment drive has delivered a 25% increase in staff numbers, a doubling of the sales function and more experts to focus on London and the South East.
“The significant investment in our 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,” explained Scott Henderson, CEO of ABGI UK.
“Furthermore, we are seeing companies looking to access our expertise to optimise their R&D claim, experience a better service or to pay a more competitive price.”
“Along with the new London office, this investment enables us to increase our UK presence and leverage decades of experience, in order to expand our service offering for both large corporates and SMEs across ABGI’s footprint.”
“While Jumpstart will now fall under the ABGI brand, the talent, ethos and spirit that made it such 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.”