Navigating the Tax Landscape to unlock cash in food & drink manufacturing

Our analysis reveals how companies are excelling in the here and now, but need to start thinking longer term. It benchmarks how the updated Code and Provision 29 are being approached in the market, and where action is needed.

UK food and beverage (F&B) M&A activity remained resilient through the third quarter of 2025, even as volumes softened slightly from the highs of Q2. A total of 49 transactions were completed during the period, representing a modest 6% decline quarter-on-quarter but still comfortably above the trailing average of 45 deals and ahead of levels seen in Q4 2024 and Q1 2025.

Overcoming the common missteps for a successful SAR engagement, that delivers real value to both service providers and their customers.