Claim Value: £90,000
"Engineering Firm Secures a £90k cash injection."
This firm secured a £90k cash injection from the R&D tax credit scheme with the guidance and support of randd.
The business is a UK-based engineering company that develops innovative aerospace solutions including UAV rotary engine and wing technologies for the global defence and civilian markets. The firm had previously been advised that their work would not qualify for R&D tax credits. Randd’s experts then began the process of fully understanding the company’s operations to ensure every eligible project was considered within the claim.
Following a face-to-face visitation to the firm’s premises and an in-depth review of their projects and bookkeeping, randd believed the company would be eligible for the scheme.
The expertise of randd made the process very easy, taking only a matter of hours. Within one month the business had secured a cash sum of £90k, which they used to help continue the development of their product offering, secure greater value for money from their investments and employ new members of staff.
As featured in the parliamentary review, randd are R&D tax credit experts that have a 100% success rate and an average claim size of £50K. Since starting in 2008, randd have helped win nearly £150 million back for their clients and have been recognised as industry leaders.