This industrial machinery company operates across seven divisions, including access equipment, automation, engineering, lifting and handling, seals and hydraulics, timber engineering, and timber incising.
As an industrial machinery manufacturing company, the business undertakes ongoing industrial research and development to improve machinery performance, efficiency, and production capabilities.
Industrial research and development challenges
With operations spanning multiple technical divisions, the business faces ongoing challenges in developing and improving complex machinery systems. Its industrial research and development activities involve addressing technical uncertainties across design, engineering, and manufacturing processes.
This work enables the company to enhance machinery performance, improve operational efficiency, and meet the evolving needs of its customers.
randd’s support for R&D Tax Credits
The company selected randd to manage its R&D Tax Credits, ensuring claims were prepared and submitted in line with R&D claim deadlines. A specialist approach was essential to fully optimise the relief available. The randd team combined a deep understanding of R&D legislation with an appreciation of the company’s complex technical processes.
The Finance Director explained:
“Accountancy practices are very common but not every high-street accountancy practice can manage the R&D side of it, so randd come to the table in terms of understanding the tax side of things but also taking the time to understand what we do as well.”
He continued:
“I think randd are fantastic in having that balance – it’s very rare, and we have a great deal of confidence in that relationship.”
The company’s long-term partnership with randd has ensured consistent, compliant R&D claims year after year.
Result of the claim
Through its partnership with randd, the industrial machinery company has maintained consistent, compliant R&D Tax Credit claims year after year.
This has enabled the business to reinvest in its industrial research and development, supporting the development of new machinery and the expansion of its production capabilities.
Qualifying R&D activities
As an industrial machinery manufacturing company, the business undertakes a range of qualifying work as part of its research and development activities, including eligible costs like materials and consumables. This work focuses on improving machinery design, performance, and production processes across its divisions.
The company’s R&D activities involve addressing technical challenges and uncertainties in engineering and manufacturing, in line with HMRC’s criteria for R&D Tax Credit eligibility.
Need support with your R&D tax claim?
You could be eligible for R&D Tax Credits if your business is actively investing in research and development.
Our experienced R&D tax advisers understand the complexities of engineering and manufacturing environments and work closely with your team to ensure all qualifying activity is identified and fully supported. understand the complexities of engineering and manufacturing environments and work closely with your team to ensure all qualifying activity is identified and fully supported.
Speak to our team to see how we can prepare your claim with confidence.
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