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Ryan, a leading global tax services and software provider, has acquired leading research and development (R&D) tax relief consulting firm, Indigo Consulting Group (Indigo).
Based in Hertfordshire, Indigo helps clients in the construction industry secure tax credits, reduce their corporate tax bill, and obtain refunds related to innovative research and development projects.
With more than 50 years of combined construction industry experience, Indigo submits hundreds of claims per year with an average client benefit of more than £200,000. Its team of seven highly qualified professionals will remain with the firm.
Ryan president of European and Asia-Pacific operations, Jon C. Sweet, said: “Our growth strategy throughout Europe is to acquire leading specialty tax firms with strong teams to ensure we offer clients best-in-class service and results. With the addition of Indigo, we did just that.
“We are now even better equipped to serve clients in the R&D tax relief space and add value by offering Ryan’s full suite of industry-leading tax services and innovative software solutions.”
The acquisition of Indigo is the latest in a string of recent strategic acquisitions made by Ryan in the UK. Manchester-based Catax was acquired by Ryan in March 2022, thus further strengthening Ryan’s R&D global market position, presenting new service offerings in the UK, and expanding the firm’s scientific research and experimental development practice in Canada.
Since then, Ryan has acquired grant funding firm Granted and R&D tax relief consultancy Access2Funding to bolster its innovation funding practice in the UK.
Peter Kane, founder of Indigo, said: “All of us at Indigo are grateful to join Ryan’s R&D tax credits team. Our vast R&D experience and success is a perfect complement to Ryan’s innovation funding practice.
“By combining our industry expertise with the full suite of tax services at Ryan, we are able to offer our clients in the construction industry additional tax-saving strategies to help their businesses excel.”
