Today Bioscience is as profitable as it is important.
Recent estimations suggest over 325 million people across the world have benefited from the 200 new therapies and vaccines that have been created by an increasingly fast growing international Biotech industry (source).
If this level of growth is to be maintained, you need to be able to take the time you need to focus on your next innovation. This means you need your advisors to take the hassle of managing your accounts, payroll and funding incentives away from you.
You can leave all that to us. We advise a number of Biotech and Bioscience companies so we know your industry well. This means we can help you navigate the nuances of the Biotech sector so your business runs efficiently and you are able to claim all of the incentives you are eligible for.
It is the fact we operate solely within clearly defined sectors that makes us different from our competitors. As all of the partners in our Central London and Guildford, Surrey offices are allowed to become experts in their chosen sectors you will enjoy more concentrated and more relevant advice than a more generalist ‘jack-of-all-trades’ could ever offer you.
Before starting your venture you need to make sure that you set it up correctly. There are a number of options available but we can help you make the right decision.
Creating the right structure for your entity is the next step, this is crucial when looking to attract investors. In order to protect everyone involved, we can help you put a shareholders agreement in place.
The UK government offers a number of incentive schemes to new ventures. We have helped our clients claim money and secure investment using the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS).
Having set up your venture in the most efficient way possible we can continue to assist you with keeping it running smoothly. Leave us to deal with time consuming company matters such as; VAT, P11d, Human Resources management, Payroll, Tax Advice, PAYE, Audit.
One of the reasons the UK is excelling in the Bioscience sector is due to Research & Development (R&D) Tax Credits, which we can help you claim. We have already claimed thousands in tax credits for companies just like yours.
Chances are that any product you develop will need to be patented, the government offers a scheme that enables you to pay less Corporation Tax on all income that these patented innovations generate, called UK Patent Box – and yes, we can help with this too.
Once your venture is successfully up and running you may decide that it is time to acquire another business, or even sell yours. Fortunately we are not just accountants; we are business advisors and have a dedicated in-house corporate finance team. This integration means we can take care of your venture throughout its entire lifecycle.
As a mid-tier firm, we are big enough to have the experience and skills you require, but small enough to offer you the personal service that deserve.
Our partner led approach means you will have direct contact with not just any partner, but with a dedicated specialist partner whenever you need them. If your venture has an international flavour we are able to replicate our services in over 70 countries through 170 firms thanks to our membership of the Alliott Group (of which we are founding members.)
If you would like help from specialist advisors for your Bioscience venture, please contact our specialist bioscience business advisor Chris Cairns.