A claim worth £159,500 for a firm brings their total claim to date £487,300.
The West Midlands based company manufacture ferrous and non-ferrous centrifugal castings which are used in the marine, defence and renewable energy sectors. Investment into innovative solutions is required to ensure they meet their customer demands.
They have also invested in new machinery and technologies to ensure they are at the forefront of the industry and maintaining their competitive edge. R&D is used to create bespoke solutions through intense trialling and problem solving.
A firm receives £167,400 bringing their total to a significant figure of £502,700.
This company specialises in the development of spice, herb and seed products for flavour enhancing. They transform first class raw ingredients into concentrated and bespoke seasoning. The Leicester-based company are a complete manufacturing solution and their quality has earned them reputation of the top name in the spice industry worldwide.
The company’s R&D projects include prototypes and their team overcoming technical uncertainties to create bespoke solutions through intense trialling and problem solving. Their culture of innovation allows them to continually develop their production facilities as well as invest in staff and expertise.
A claim worth £75,800 brings a firm’s total claim to £432,900.
Based in Lincoln, the world class technology leading company provides systems to test and validate almost every semiconductor chip product range. They have worked to advance the development of a variety of solutions for semiconductor clients across the globe to increase productivity.
Constant investment in training enables the company stay ahead in the constantly advancing electronics industry. The company’s R&D projects include trials, prototypes, and problem solving to satisfy customer needs through technological breakthroughs.
A company is awarded £86,700, earning them a total figure of £166,800.
The Dorset-based precision engineering company specialises in the manufacture of components for the aerospace industry. They provide trusted machining services and undertake design, manufacture, machining and assembly all in house.
The business continually invests in the latest engineering equipment meaning ever more complex products. The firm have also adopted several R&D projects to create bespoke solutions, trials, prototypes, and problem solving.
Could you be eligible for an R&D Tax Credits claim?
During these turbulent economic times, businesses across the country are looking for solutions to their cash flow problems. Many companies are looking for grants and loans and overlook that fact they could be eligible for R&D Tax Credits. By successfully claiming R&D Tax Credits, your company could receive a cash injection from HMRC in as little as four weeks.
Call our experts today on 01332 477 070 for a free, no obligation eligibility consultation. Your business could be our next success story!