The Dains Group has acquired TBAT Innovation, a leading independent consultancy that helps businesses access research and development (R&D) tax incentives, grant funding, and innovation support.
Founded in 2002, TBAT has built a strong reputation for delivering advice across engineering, software, AI, and health and life sciences - underpinned by deep sector knowledge in high-growth, technology-related industries.
TBAT’s collaborative, client-first approach closely aligns with Dains’ values. Its expertise in unlocking funding, optimising R&D claims, and navigating complex innovation incentives will enhance Dains’ existing tax and advisory services, strengthening the Group’s ability to help clients realise their ambitions.
The TBAT team - based primarily in Castle Donington with consultants working remotely across the UK - will continue to operate under the leadership of Ryan Mouncy, Managing Director, Sam Stephens, Founder and Commercial Director and Elaine Williams Finance Director.
Richard McNeilly, CEO of The Dains Group said: “TBAT’s leadership team shares our client-centric mindset and commitment to delivering valuable advice.
“Its expertise in R&D tax incentives, grant funding, and innovation support will not only strengthen our specialist tax and advisory services, but also open new opportunities for clients to access funding that fuels growth.
“With a proven track record, deep sector knowledge, and a strong partner network, TBAT provides an exciting platform for expansion across the UK.
“Together, we can deliver exceptional value, unlock new opportunities for businesses, and champion the innovation that drives our economy forward.”
Sam Stephens, Founder and Commercial Director said: “Joining the Dains Group marks an exciting new chapter for TBAT. We’ve always been passionate about helping businesses unlock funding and maximise the opportunities that come from innovation.
“Dains allows us to bring that expertise to even more clients, supported by the strength and reach of a respected national advisory firm.
“Both teams share a commitment to building lasting relationships, delivering clear, pragmatic advice, and putting clients’ ambitions at the heart of everything we do. Together, we’re in a stronger position than ever to support businesses across the UK in turning ideas into successful, sustainable growth.”
Advisors on the deal:
Dains were advised by DSW (Financial and Tax Due Diligence), PDW (Customer Referencing), Cyber Crowd (IT Due Diligence), Mercia (Technical Due Diligence).
TBAT were advised by PKF Smith Cooper (Corporate Finance) and Smith Partnership (Legal).