Chartered Accountants
R&D – Engineering
Sector– Engineering
Company Size – £5.2m Turnover
Qualifying Costs – £106,000
Our client is a well-established engineering company based in Dunfermline that has amassed an enviable reputation providing specialist expertise to the highest standard within electrical, control and instrumentation engineering.
What type of work does the company do?
Our client’s R&D projects all related to the pursuit of more accurate measurement of water with the goal of mobilising equipment in complex installations and achieve a low-cost, high-quality, accurate and reliable solution.
What R&D work was completed?
The three projects that the company developed offered a lower-than-market cost solution with an uplift in quality. A further benefit of one of the projects was a reduction in the space required to house the measuring devices. The skill and experience of the team was able to develop solutions to meet the design criteria within the cost constraints to make the products commercially viable.
What was the outcome?
As result of the R&D claim, our client received tax savings of £26,000.
