Chartered Accountants
R&D – Design and Manufacturing
Sector – Design & Manufacturing
Company Size – £1m Turnover
Qualifying Costs – £86,815
The company is an existing client of EQ and are world leaders in motor testing technology for the automotive aftermarket.
What type of work is the company carrying out?
The company design and and manufacture professional garage servicing equipment, mainly brake fluid testing equipment which is often unique to each model of car due to the way different cars are built.
What R&D work was completed?
The company undertook further developments to their existing brake fluid tester to ensure it continues to be a market leading product, and made reductions to the size and cost of the existing brake fluid tester as well as improving functionality. They also researched coolant changers and lifting equipment for electric vehicle battery packs.
What was the outcome?
As a result of the R&D claim, our client received tax savings of £15,320.
