Innovation tax specialist, MPA Group has announced the acquisition of tax specialist business, Venture 4th, as part of its strategic growth plan.
The acquisition will see the all current Venture 4th employees retained as part of the agreement, with career opportunities within the broader MPA Group available to existing Venture 4th staff.
With a strong client-focused reputation, Venture 4th is an ideal fit for the MPA Group as it seeks to supplement its strong annual organic growth with strategic acquisitions.
Mike Price, Director of MPA Group, comments:
It’s great to have Venture 4th on board. We are like-minded businesses and look forward to the opportunity this presents to support more businesses in funding their growth, so that they can continue to be successful and drive UK Plc forward. MPA Group is continuously expanding and developing a suite of services to meet the needs of innovative businesses.
As the only professional services firm that specialises in the technology sector, including engineering, manufacturing, high tech processing, life sciences and pharmaceutical, we remain uniquely placed to ensure that the companies that are taking the risks that come with innovating are rewarded via the funds available to help them grow. Venture 4th have the skills, professional experience and client portfolio to ensure that together we can support even more of the UK’s most innovative and dynamic businesses.
Mike Fagan, Founder of Venture 4th, says:
Venture 4th has grown rapidly over the past two years and MPA Group has a culture and values that are similar to ours. I am confident that our clients will continue to thrive with the expertise and specialist services that MPA can deliver and we look forward to an exciting future working together.
MPA Group supports innovating companies by helping them access funds made available through various HMRC funding schemes. The business has enjoyed a sustained period of growth over recent years, with an increase of 38% in R&D Tax Credit claims from businesses in the technical sector in 2017 against the previous year.
With the Government keen to encourage more companies to innovate, schemes such as R&D Tax Credits and Patent Box are designed to reward organisations of all sizes with funding that can be used to fuel further investment in UK Plc, take on more staff and, ultimately, grow.
Venture 4th, founded in 2004 by Mike Fagan, provides specialist tax advice to its client portfolio, including efficient employee share schemes, Enterprise Investment Schemes, Entrepreneur relief schemes, as well as R&D tax credits.
For further information about MPA Group and its services, please visit www.thempagroup.co.uk