Chartered Accountants
R&D – Technology
Sector – Technology
Company Size – £436k Turnover
Qualifying Costs – £165,187
The client operates within the technology sector, as the leading company within the convenience wholesale and retail market. This company was an existing EQ client, with the R&D opportunity being identified through the Engagement team’s knowledge of the company’s activities.
What type of work does the company do?
The main focus of the client’s R&D claim primarily focussed on the development of a suite of software which incorporated data analytics and artificial intelligence into the convenience wholesale e-commerce market. This was a reinvention of the existing systems with the aim of increasing efficiency both in-store and throughout the supply chain, and improving on-shelf availability and stock management.
Why was the R&D work was done?
The company had identified significant outdated processes within the wholesale and convenience market. Arbitrary methods were still being used where other industries had moved on. The company built software from the ground up to automate processes and information. Data analytics were developed to predict stock levels and movement. This increased efficiency and maximised likelihood that products were always on the shelf.
What was the outcome?
As a result of the R&D claim, our client received tax savings of £60,000.
