Bristol-based R&D tax credit consultancy ForrestBrown has been named the UK’s Best Independent Consultancy Firm in recognition of its phenomenal growth and high quality of service since it launched in 2013.
The accolade came at the Taxation Awards – the biggest night in the taxation calendar. ForrestBrown took home the prestigious title having seen off competition from three other finalists from around the UK.
Judges praised the firm’s “high-quality team in a niche area” and “very impressive growth”. The firm recovered more than £25.5m in R&D tax credits for its clients in 2015, as well as recording an impressive growth of 166% – some 66% above its target.
Since 2013, it has recovered more than £50m for businesses across the UK.
Its strong financial growth has led to a significant increase in staffing, with a further 10 new hires over the past 12 months – six of them tax advisers or chartered accountants, and one a former HMRC R&D unit inspector.
A further two qualified tax advisers joined in the first quarter of 2016, taking the total headcount to 24.
Managing director Simon Brown has this week been listed as a finalist in the South West Director of the Year Awards and with around 40% of the company’s business based in London, ForrestBrown has also opened an office in the capital at WeWork in Moorgate.
Commenting on the Taxation Awards win, Simon Brown said: “It’s a huge achievement and really puts into perspective the hard work and dedication the entire team has put into the company over the last couple of years.
“Every year we set ambitious targets, and each time we hit them and more. We know the market potential for growth is there, and as long as we continue to apply hard work and a creative approach, we will carry on growing rapidly.”
The Taxation Awards were held at the London Hilton on Park Lane.
Pictured: The ForrestBrown team
