Latest Success Stories – £564k awarded to four clients

£564k awarded to four clients

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Lincolnshire based firm receives a first claim worth £210.8K

One of the largest suppliers and retailers of triathlon and cycling equipment in the UK, has been awarded £210.8k. The company provide the development of custom sporting equipment and accessories with a focus on environmental sustainability.

Due to the fast-changing retail industry the company has implemented R&D to enable the development of custom IT systems that support the unique requirements of the triathlon and racing bicycle industries.

In addition to this R&D permitted the development of custom applications to improve the performance of their staff, product specification and bespoke product design and inventory platform.

Barnsley based business is awarded £9.3K from the tax man making their claim total £54.7K        

A well-established motorsports business based in Barnsley has been awarded an additional £9.3k.

The company supplies and services rare race winning suspension to all levels of motorsport.

In order to stay at the forefront of the industry and carries out R&D daily. The company is always innovating in order to R&D projects required individual attention to achieve solutions that have included trials, prototypes, and problem solving.

Catering supply company are awarded £44K making their total claim £321.7K  

A leading independent wholesalers and distributors of fresh and frozen food products with over 30 years of experience in the catering supply industry, has received £44k.

R&D is vital in order to develop solutions using creative thinking from food-handling to systems and processes. In addition to this the company’s excellent customer service and flexible approach means they meet customer demands and R&D techniques such as intense trialling and problem solving have been used to grow the business.

A recent claim of £4.3K brings this Leicestershire firm’s claim total to £22K  

Leicestershire based business specialises in industrial laminated products, working mainly in plastics and polymers which is a very niche offering in the wider market.

The company regularly create bespoke materials, which requires a team of multiple specialists from many areas of expertise.

Innovation is at the heart of the business and they have advanced their own technology and provided advanced engineering solutions and used R&D used to overcome technical problems.

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!