Bolton -headquartered professional services group K3 Capital has acquired a London-based specialist tax firm for an undisclosed sum.
Established in 2013, inTAX is a specialist tax investigations and tax enquiries boutique.
The nine-strong team deals with various tax issues including disclosure facilities, tax fraud investigations – whether conducted by HMRC or the National Crime Agency – and tax avoidance schemes, such as film schemes, employee benefit trusts (EBTs) and contractor loans.
The team will continue to be led by the founder Jacqui Fleming under the inTAX brand, based in Holborn.
The deal is K3 Capital’s fifth acquisition since the first Covid-19 pandemic lockdown.
Recent acquisitions have included bolt-ons for Quantuma including Essex-based insolvency practice, Aspect Plus earlier this month and Cayman-Island based Alchemy in January 2021.
K3 Capital bought Quantuma Advisory in August 2020 and R&D tax credits specialist Randd UK a month prior to this.
The acquisition was announced after K3 Capital revealed its results for the first half of its financial year.
Sign up for your free BusinessLive North West newsletter
BusinessLive is your home for business news from around the North West- and you can stay in touch with all the latest news from Greater Manchester, Liverpool City Region, Cheshire, Lancashire and Cumbria through our email alerts.
You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we’ll send out breaking news alerts for any stories we think you can’t miss.
By bringing together North West coverage with that from across Reach’s titles in England and Wales, BusinessLive will shine a spotlight on the entrepreneurs, the stars of the future and the small firms that are the backbone of our economy.
Visit our email preference centre to sign up to all the latest news from BusinessLive.
Mrs Fleming said: “I have watched K3 and the ways in which it has grown both organically and through acquisition over the last eight years.
“This acquisition marks the beginning of a new and exciting era and I am delighted to be joining the group at this time and in doing so, adding tax investigations to the group’s impressive portfolio of services.”
K3 Capital’s chief executive John Rigby added: “It has been a strategic ambition of the K3 Group to develop a diversified tax advisory practice to complement our well-developed M&A, restructuring and forensic accounting practices.
“That ambition was initially realised by the acquisition of R&D tax credit specialists, Randd UK Ltd in the summer of 2020, and has been further developed by our acquisition of inTAX today.
“We look forward to working with Jacqui and the team, to embed them into our growing group and to their contribution to the ambitious growth we are targeting in the coming years.”