Research & Development Claim Settled!
In our experience, Research & Development (R&D) refunds are often used to reinvest for growth and preserve cash flow. At a time when businesses must do all they can to survive, it is critical to consider all options available to maintain cash inflow.
Recently, our Taxperts completed a R&D claim for a textiles client, resulting in a client saving of £101,351!
The company specialises in the design of products utilising specialist weaving techniques to produce innovative products for a whole series of markets including military, health and oil & gas.
This claim marked the company’s fourth R&D claim and in the year under review, they developed a series of products within twenty or more projects. Amongst the diverse uses of the innovative products were :
- A flexible pipe cover ensuring a durable, much more corrosion resistant product.
- Development of robust, industrial multi use face masks.
- Protective covers for multiple sectors.
- Bullet proof armour.
The company used its tax savings to invest further into new looms and weaving equipment as well as bolstering its high level design team.
Our dedicated R&D team have saved over £22 million for our clients. Claims may require only 3 to 5 hours of your time and can be done largely over the phone with the likely result of significant tax refunds. We do not tie you into contracts and will do as much or as little as required to help businesses, the important point being to make a claim to generate cash flow.