Chartered Accountants
R&D – Engineering
Sector – Engineering
Company Size – £500k Turnover
Qualifying Costs – £36,308
Our client is a leader in injection moulding technologies. Being founded on continual investment and innovation strategy, their aim is to provide customers with a tailored, yet flexible service for technical thermoplastic and thermoset applications.
What type of work does the company do?
In providing moulding solutions, our client needs to be able to translate a design into something that is capable of being injection moulded. Most products developed are for innovative packaging solutions using new materials to capture the attention of an end-user.
What R&D work was completed?
In the year under review, the company developed a number of new packaging concepts that incorporated new design ideas, which required research into what was possible with injection moulding. Other projects focused on providing a lower-than-market cost solution without compromise on product quality and appearance.
What was the outcome?
As a result of the R&D claim, our client received tax savings of £9,440.
