R and D Tax

What R and D Tax does

R and D Tax (trading as RandDTax; legal entity Terry Toms and Partners Limited) is a UK-based specialist R&D tax credit consultancy that helps British limited companies identify, prepare, and submit claims for R&D tax relief under HMRC's SME and RDEC schemes. The firm operates a no win no fee professional services model, charging a percentage of the tax benefit secured for the client, and additionally provides an HMRC Enquiry defence service for both clients and non-clients. Its underlying technology footprint is modest: a client-facing RandDTax Portal for document and claim management, supported by a proprietary methodology for qualifying-activity identification developed across 7,250+ processed claims generating £221M+ in client benefit (average claim value £145,000+). All work is delivered by 26 in-house regional consultants — no subcontracting — with every shareholder (including Managing Director Terry Toms and multiple regional and principal consultants) actively involved in delivery.

The business is sales-led and distributed through two parallel motions: a direct field-sales team of regional consultants covering every UK region, and a referral channel of over 400 partnered accountancy practices that act as RandDTax's outsourced R&D department. Customer segments are UK businesses undertaking qualifying R&D (predominantly SMBs and startups across fintech, manufacturing, MedTech, engineering, construction, EV, and hospitality) and accountancy practices seeking specialist R&D support for their clients. Revenue is not publicly disclosed and the firm is privately held by its operating shareholders, with no external institutional investors, no parent company, no M&A history, and no disclosed funding rounds. The firm augments its core offering with the Giving Back program — free first-year R&D consultancy for startups and donations to the Fredericks Foundation microfinance charity — and won the SME National Business Innovation Award in 2017.

Name

R and D Tax

Legal name

Terry Toms and Partners Limited

Website

https://randdtax.co.uk

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

R and D Tax (RandDTax) is a UK-based specialist R&D tax credit consultancy that helps British SMBs and startups prepare and submit HMRC R&D tax relief claims on a no win no fee basis, distributed through 26 regional consultants and a network of 400+ accountancy practice referrals.

Ownership category

akta.pro rank

Headquarters

HQ city

Woking

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. R&D Tax Consultancy Fees: Full-service R&D consultancy on a no win no fee basis. Fees are calculated as a percentage of the benefit (tax relief, R&D tax credits, or net RDEC credit). The fee structure is quote-based and not publicly disclosed.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

RandDTax is a UK specialist consultancy that identifies qualifying research and development activity within client businesses, prepares and submits R&D tax credit claims to HMRC under the SME and RDEC schemes, and defends those claims during HMRC enquiries. Services are delivered on a no-win-no-fee basis, supported by a client portal for document and claim-status management, and accessed directly or via referrals from more than 400 accountancy practices.

Product overview

RandDTax is an award-winning R&D tax consultancy offering a unified service focused exclusively on helping UK businesses claim R&D tax credits. The core offering combines R&D Tax Claims Consultancy with a client-facing RandDTax Portal for managing claims. Additional services include a Free Assessment, HMRC Enquiry Service, and the Giving Back Program for startups. The company also serves accountants through a dedicated partner program with resources and webinars. The Knowledge Base provides educational content including video blogs, FAQs, and industry-specific guidance.

Differentiator

Problem solved

Functional benefit

Products and services

• R&D Tax Claims Consultancy End-to-end R&D tax credit consultancy for UK limited companies, covering identification of qualifying R&D activities, cost analysis, preparation of technical justifications, submission of claims to HMRC under the SME and RDEC schemes, and ongoing claim support. Delivered by in-house regional consultants on a no-win-no-fee basis.
• HMRC Enquiry Service

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and supporting.

• Fredericks FoundationcoreOthersCharity providing small business loans to people excluded from mainstream credit. RandDTax is a long-time supporter and makes donations for every new client signed up through Fredericks. In 2020, donated £10,000. Part of the Giving Back program.
• ADISAsupportingOthersAsset Disposal and Information Security Alliance - accreditation body for risk management and data protection in asset retirement. RandDTax helps ADISA members maximize innovation spend through R&D tax claims. Members include companies in biomass energy, cooking oils, catalytic converters, and IT equipment sectors.
• Accountancy Practices (400+)coreChannel Partner/ Reseller/ DistributorOver 400 accountancy practices partner with RandDTax, acting as their R&D department. Accountants refer clients to RandDTax for specialist R&D consultancy while maintaining the client relationship for filing claims.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• BDO UK: Major UK accounting and tax advisory network with an active R&D tax incentives practice. Competes with RandDTax for SME and mid-market R&D claims but as part of a much broader audit, tax, and advisory portfolio.
• RSM UK: Mid-tier UK accounting and consulting network with R&D tax credit capabilities. Targets similar SME and mid-market clients as RandDTax but operates from a broader advisory and audit platform.
• Crowe UK: UK accounting and advisory firm with a dedicated R&D tax credits team. Overlaps with RandDTax on R&D claim advisory for SMEs and mid-market clients but offers a wider suite of compliance and advisory services.
• Grant Thornton UK: Large UK accounting and tax advisory firm serving mid-market companies, with an established R&D tax incentives practice. Comparable on R&D claim work but competes from a much broader service platform.
• KPMG UK: Big Four firm in the UK with a substantial R&D tax incentives practice. Competes with RandDTax primarily for larger and more complex claims, but also for SME clients routed through its wider network.

Direct peers

• Ayming UK: UK arm of a global innovation consultancy that advises on R&D tax credits, grants, and incentives. Comparable to RandDTax in core R&D tax service but with broader international footprint and a wider innovation funding portfolio.
• ForrestBrown: One of the largest independent UK R&D tax credit consultancies. Directly comparable to RandDTax in target market (UK SMEs with R&D activity), service offering (SME and RDEC claim preparation and HMRC enquiry support), and percentage-based fee model.
• RIFT Research & Development: UK specialist in R&D tax credits serving SMEs and mid-market companies. Closely comparable in proposition (claim preparation, HMRC enquiry defence), pricing model, and reliance on accountant referrals.
• GovGrant: UK R&D grant and tax credit consultancy. Comparable in focus on UK innovation funding (both R&D tax credits and grant claims) and similar SME customer base, with overlapping accountancy partner channels.

Emerging players

• Capital Allowance Review Service (CARS): UK specialist focused on capital allowances and certain innovation-related tax reliefs. Adjacent rather than directly overlapping, but competes for similar SME accounts and accountant referrals on property and plant-based tax incentives.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RandDTaxUK
• YouTubeyoutube.com/user/randdtaxuk
• Facebookfacebook.com/RandDTaxUK
• LinkedInlinkedin.com/company/randdtax

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about R and D Tax