Find out how a relationship that started with R&D tax relief has grown into a solid accounting partnership, giving one of life sciences' most exciting innovators the financial infrastructure to operate confidently across two continents.
SciLogica is a life science business on a mission to change how medical teams access critical information. Their platform enables the continuous monitoring of blood analytes in real time, giving clinicians the data they need to make fast, accurate, life-saving decisions. Behind that vision sits deep expertise across the full product lifecycle: concept inception, prototype development, preclinical and clinical trials, and clean room manufacturing.
SciLogica operates across two continents, with a presence in both the United States and a UK subsidiary based in Abingdon. With significant investment going into research and development at every stage, they needed an accounting partner who understood the setup and could keep pace with the business.
SciLogica first came to Folio Partners looking for support with R&D Tax Relief. For a business investing heavily in innovation, that right is not a minor administrative task. It is a meaningful source of funding that directly supports their work. Claims need to be accurate, well-evidenced, and structured in a way that holds up to scrutiny.
As the relationship developed, so did the scope. With growth came the need for reliable, ongoing financial management: consistent bookkeeping, annual statutory accounts, and corporation tax in the UK. Operating across two jurisdictions also brought a longer-term challenge into view – how to maintain a coherent financial picture across two entities under different legislation and in different currencies.
We started where the need was greatest: R&D Tax Relief. Getting the foundations right meant understanding SciLogica's work in enough depth to build claims that were accurate, robust, and genuinely reflective of the innovation taking place. The results spoke for themselves.
From there, the relationship expanded naturally. We took on the monthly bookkeeping, VAT returns, annual statutory accounts, and corporation tax for the UK entity, building the structured, consistent processes that give growing businesses a clear view of where they stand.
More recently, we have begun work on consolidated accounts for the UK and US entities. That project is progressing in stages, shaped around SciLogica's own priorities and timeline, and reflects the kind where we grow alongside the business rather than pushing a fixed scope.
The Folio Partners team provided an excellent level of support throughout our accounting and HMRC R&D tax credit claim process. They took the time to understand our business, explained everything clearly, and handled the claim professionally from start to finish. As a result, we secured valuable tax relief while saving significant time internally.
Sinéad Matthews, Director
A great accounting partnership does not just support where you are today, it grows with you. If you are a US business establishing a UK presence, we understand the complexity that comes with multi-entity, cross-border operations.
If you want to learn more or have a specific challenge in mind, we would love to hear from you.