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£640k Awarded to Five Companies

Author: Gareth Smyth
  1. Nottinghamshire based cloud-based IT solutions company receives £103k taking total claims to £489k

Founded in 1999, the company provides innovative and flexible Cloud-based IT solutions designed to help mid-size organisations and larger enterprises achieve their business goals, boost productivity, eliminate inefficiencies and drive growth. The company works with a diverse group of clients in wholesale distribution, manufacturing, eCommerce, renewable energies as well as in professional services industries. Typical clients include companies that want to move from costly and labour-draining premise-based IT solutions that are no longer adequate or keeping up with their business growth to cost effective, fully supported, future-proofed Cloud-based solutions.

  1. Hertfordshire based business magazine receives £32k taking total claims to £243k

Established in 1981 and incorporated in 1987, the company publishes a wide range of business magazines and online services for professionals working in the leisure industries. The company has developed relationships with over 20 different trade bodies and over 100,000 key industry contacts. Over the years the publisher has developed their offerings, currently around 40 publications, including the creation of a flow of daily news and jobs, two years before the Guardian and The Times, indicating the business’s appetite for innovation and being at the cutting edge of publishing ideas. In 1999, The company launched its e-zines and in 2007, the Managing Director was awarded an MBE for her contribution to publishing.

  1. Buckinghamshire based accountancy software specialist awarded £377k taking total claims to £640k since 2019

Founded in 2009, the company develops innovative technology for accountants to prepare and manage their work in the accounting practice. The business was originally founded in Australia by experienced accountants, then expanded to the UK market due to a lack of automation. The company has since evolved from its flagship award winning auditing application into a full suite of specialised workpaper packs for all types of engagements. Additional features and functionality have been added along the way to provide a cloud-based paperless workpaper solution to collaborate and manage documents, workflows, tasks, and queries. Due to the challenging and innovative nature of the company’s projects that sometimes, even after a long period of development and many iterations, the company remains unable to produce an adequate solution.

  1. Leicestershire based precision taping and winding machines receives £85k for R&D work with a total of £554k since 2012

Established in 1920, the company has seen a strengthened reputation as a world leading developer and manufacturer of precision taping and winding machines for the electrical and energy industries worldwide. The company’s higher tech approach, ongoing and proactive R&D focus has enabled them to improve their margins, be more competitive and compete with low labour cost producers overseas. The company is closely monitoring developments and tracking information regarding the COVID-19 pandemic. The company are taking proactive measures to support the health and welfare of their customers, employees, and those in their supply chain.

  1. Basingstoke based manufacturing firm awarded £43k in first R&D claim

Established in 1998, the company initially in specialised deep drilling and honing of complex high precisions products but later diversified to include the production of precision forged pistons. The company has developed a relationship with Loughborough University which has helped them develop niche specialist skills such as tribo-dynamic and contact mechanics. The company is also an expert advisor with committee membership to UK engineering science and research council, British Standards Institute (BSI/ISO) and Institute of Mechanical Engineers (IMechE) regarding powertrain and in-cylinder development.

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