Source Advisors - R&D Tax Credit Specialists
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Welcome to Source Advisors specialists in all things R&D tax relief and innovation in the UK

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What we do

We create value for our clients by fully recognising their R&D and maximising the value of their Intellectual Property. With a 60 strong team in the UK, Source Advisors will help you view your innovation holistically as we are able to see the whole of the R&D ecosystem. Clients and accounting partners that involve us early are able to commercialise innovation at every step.

R&D tax credits

In the UK companies are able to claim tax relief for their R&D activity. With our thorough understanding of the R&D ecosystem, our technical capability and our compliance led approach, we create value to our clients by identifying their R&D and creating a robust claim.

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Intellectual Property consultancy services​

We see your IP through a commercial lens – to look both inside your business and externally at your industry and competition. Our services include Patent Box which allows innovative UK businesses to benefit from a reduced Corporation Tax rate on profits related to their patented technology.

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Contact us
to find out how you can make the most of your claim

01727 738600
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What makes Source Advisors different?

£300m+

of claim benefit delivered by Source Advisors for our UK clients

90%

of our UK clients* who made a claim in 2020 continue as a Source Advisors client today

250

specialists available globally

*The remaining 10% includes clients who no longer carry out R&D, ceased to trade, or have been acquired.

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How can we help?

I want to...

See our work in action with our UK client success stories

R&D tax credits

Source Advisors are easy to talk to and you’ll be surprised by how easy, and valuable the exercise will be for your business.

Roly Holt | Managing Director, R&L Holt

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R&D tax credits

Our experience with Source Advisors has been fantastic. Having previously worked with another specialist within the industry, I can honestly say that Source Advisors go above and beyond for their clients and the results speak for themselves.

Angus Elphinstone | CEO and Founder, AnyVan Ltd

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R&D tax credits

Identifying exactly what qualifies as R&D is not easy. We’d claimed ourselves twice before, but the experts almost doubled the value of what we received.

Stanley Wilson | CEO, Urban Cottage Industries

R&D tax credits

I liked the way my analyst understood our company’s activities and which ones qualified for the R&D scheme.

Paul Riley | Managing Director, Computer Controlled Solutions Ltd

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R&D tax credits

…extremely efficient and able technical analyst, who asked the relevant questions…

Sue Goodchild | Managing Director, Goodchild Marine

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R&D tax credits | Patent Box

Source Advisors skilled IP professionals have subsequently identified patentable elements around process developments which will ultimately enable us to broaden the scope of revenues that go into our annual Patent Box claim.

RL Hartshorn | Managing Director, HL Plastics Limited

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R&D tax credits

Being able to claim money back from the taxman for work we did to advance our internal manufacturing processes as well as the end customer experience is very welcome.

Andrea Rodney | Managing Director, Hone-All Precision Ltd

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R&D tax credits

Source Advisorsinvestigative work is impressively thorough and in depth. I would highly recommend them.

Paul Mousley | Project Manager, Quartz Technical Services Ltd

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R&D tax credits

We are so pleased with the Source Advisor service that we now introduce companies within our network.

Andrew Maley | Managing Director, Tracware Ltd

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R&D tax credits | Patent Box

…we were able to “relax”, knowing their Analyst’s technical knowledge gave us the best chance for successful IPO patent grant…

Clive Paul | Managing Director, TES Ltd

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R&D tax credits

My words of advice would be; you may think that only scientific or manufacturing type companies qualify for R&D tax credits but that couldn’t be further from the truth.

Martyn Jupp | CEO, Veriserv Ltd

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R&D tax credits

The information they gave us and support along the way was excellent. They are a very good partner.

Mark Barrett | Managing Director, Warden Plastics

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R&D and Patent Box tax relief is available to companies in many sectors

Technology, information and communication

Technology, information and communication

Companies in this sector are focussed on telecommunications, computer programming and consultancy, as well as information service activities including data processing, hosting and related activities.

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Professionals and science

Professionals and science

When we think of R&D activity it could well be that scientific or engineering firms come to mind. This sector includes pharmaceutical and biotech activity, alongside many other  businesses that have R&D at their core.

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Manufacturing

Manufacturing

Their R&D activity in Manufacturing companies stretches from product development, production line speed and resource improvement, quality control and compliance.

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Construction

Increasingly construction businesses are innovating in their use of green or sustainable methods. R&D often leads to an improvement in existing construction techniques to solve site specific or environmental issues.

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Agriculture, forestry & fishing

Agriculture, forestry & fishing

In this sector innovation can come from process improvements, production improvement and scalability and quality control. Many agricultural businesses are building new processes to reduce waste or reuse waste products in novel ways.

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Finance and Insurance

Innovative businesses in this sector include financial service activities such as insurance, reinsurance and pension funding activities, and business activities to support financial services.

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Can the UK win the global R&D race?
A general election is a defining moment for the nation's future policy direction. With a new government comes responsibility, our reputation on the global stage is on the line and policy choices will affect the lives of many across the next parliament.
More about our focus on key technologies
Innovate UK report
Government is certainly bold in its ambition when it comes to the UK R&D agenda. This report focuses on one deployment mechanism in particular, Innovate UK, and asks the question, how good is Innovate UK as an investor? Where it is working, how do we deploy more. And if it's not - should it change?
More about our Innovate UK report
Universities spinout report
We know that universities play a key role in transforming innovations into commercial success. Here we have identified which UK universities have the best track record of supporting new business, which are the most successful spinout companies founded at UK universities and which industry attracts the most investment.
Read our Universities Spinout report
HMRC statistics – our commentary
Each year HMRC provides information on the number of companies claiming tax relief through R&D tax credits and Patent Box. Here we detail the latest stats and what the tell us about the state of innovation in the UK today.
HMRC Statistics 2024
Innovation Nation​

- The Uk SME Innovation Survey
We engage with businesses to find the best ways to reward innovation in the UK. We aim to influence policy by representing the innovative businesses we work with. As part of this ongoing dialogue, and at this critical time for SME businesses in the UK, we carried our Innovation Nation survey 2020.
More about our Innovation Nation Survey
A focus on key technologies – how does the UK compare to other global leaders?
More about our focus on key technologies
Innovate UK report
More about our Innovate UK report
Universities spinout report
Read our Universities Spinout report
HMRC statistics – our commentary
HMRC Statistics 2024
Innovation Nation​

- The Uk SME Innovation Survey
More about our Innovation Nation Survey

Find out what is going on with our latest thinking

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