We are life science industry accounting experts
With aging populations in Western countries, the life sciences industry is poised to become one of the fastest-growing sectors globally. As a key part of the UK economy and a cornerstone of scientific advancement, the industry benefits from strong government support, a world-class research base, and access to international markets.
However, the life sciences sector is also complex and capital-intensive. Precision and strategic business planning are critical in this field. We specialise in providing financial expertise that understands your challenges such as long product development cycles, grant funding, R&D tax credits, intellectual property management, and complex regulatory compliance.
Our services are designed to help your business navigate these challenges including financial oversight of medical research projects and cost tracking for R&D activities and product development, financial modelling for funding rounds, grant and tax incentive applications, and customised financial strategies. We are committed to supporting your long-term success.
Our life science accounting services
- Your own dedicated chartered accountant with industry specific advice and support
- Financial business support
- Access to our accounting software
- Tax and advisory service
- Accounts and statutory compliance
- Payroll setup & management
- VAT returns setup & management
- R&D tax credits
We provide provide specialist services for life science businesses including:
- Biotech
- Genetics
- Medical equipment
- Pharmaceutical
- Travel agencies
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What challenges does the life science industry face?
Life sciences businesses operate in a unique environment with specific financial and operational challenges, including:
- Extended R&D timelines – Long product development phases and clinical trials delay revenue generation, requiring robust cash flow planning.
- Access to funding – Raising capital through grants, venture capital, or equity markets demands clear financial forecasting and investor-ready reporting.
- Tax & R&D relief – Navigating the complex landscape of R&D tax credits and incentives requires detailed technical and financial documentation.
- Regulatory compliance – Businesses must comply with strict standards from the MHRA, EMA, and other bodies, which influence accounting and reporting obligations.
- Intellectual property valuation – Accurate valuation and protection of IP is vital for investment, licensing, and acquisitions.
- Global operations & trade – International partnerships and exports introduce complexities in VAT, customs, and cross-border tax compliance.
- Scalability & growth planning – Rapid expansion, particularly after product approval or funding rounds, demands robust financial infrastructure.
How do we meet these challenges?
Our specialist services for life science businesses offer tailored solutions to meet these challenges and maximise financial returns including:
- R&D tax credit claims – Assisting with the preparation, submission, and optimisation of R&D tax relief claims in line with HMRC guidelines, helping reduce costs and extend runway.
- Grant & funding support – Advising on and managing grant applications (e.g. Innovate UK), investor reporting, and budgeting for funded projects.
- Financial modelling & forecasting – Building detailed models to support funding rounds, scenario planning, and investor presentations.
- Regulatory & audit readiness – Ensuring that accounting systems and financial records meet the standards required for clinical trials, grant audits, and regulatory inspections.
- IP & asset valuation – Providing valuations for intellectual property, licences, and patents for reporting, fundraising, or M&A activity.
- International tax & VAT advice – Supporting cross-border operations with advice on transfer pricing, VAT treatment of goods and services, and local tax obligations.
- Outsourced finance function – Offering part-time CFO services, bookkeeping, payroll, and management reporting for start-ups and growing businesses without in-house finance teams.