Engineering Client

This engineering client has been in operation for almost 40 years, offering welding machine parts and supplies. They have now become one of the UK’s largest welding suppliers.

About the Claim

This engineering client (name withheld due to privacy regulations) have had to adapt over the years to the fact that their market has fast become saturated with competitors offering the same materials and services at discount prices.

As such, it has been imperative that they adapt and expand the business to offer specialised and unique solutions to issues faced by the company’s clients.

What We Did

The R&D team at Cowgills visited this client to gain a better understanding of the company’s activities and highlight the potential benefits that a claim for R&D tax relief could offer.

Given the company’s long history within the welding industry, our team here at Cowgills identified that the client could meet the criteria for R&D tax relief due to the company’s work on large scale, unique projects.

The cost of the projects undertaken spanned multiple years and are significant, due to the challenging nature of the solutions being developed and the constant requirement for improvement within the industry.

Cowgills lodged claims for a couple of years, with the main qualifying expenditure being the staff costs of the specialists working on the projects and certain consumable items used up during the process.

Following the submission of the claim, this client received an average benefit of £40,000 per annum.

 

R&D tax relief claims for 2017*:

Total Claimed £3.5bn
Average Claim Value £53,786
*HMRC statistics

What the Client Said…

“We had been discussing our business with Stuart (Stead) who raised R&D as a possible opportunity to explore as it wasn’t something we had previously considered.

As a practical bunch, we were just ‘doing our job’. What we hadn’t appreciated was that whilst we were creating unique and innovative solutions to keep ahead of our industry, that those solutions would be eligible for R&D Tax Relief. Cowgills have saved us around £40k a year.”

Read More Case Studies Like This

Eventura Limited

Total R&D Tax Saving: £10k per year
Read More...

Esterchem Limited

Total R&D Tax Saving: £150k over 4 years
Read More...

Bow Tie Construction

Total R&D Tax Saving: £12k per year
Read More...

R&D Tax Relief Guides

R&D tax relief explained

When it comes to understanding R&D tax relief, it is important that you are fully aware of a few key factors…

Read More…

The benefits of R&D claims

There are a range of potential benefits on offer from exploring R&D tax relief for your business, including…

Read More…

How to check your eligibility

We help businesses around the UK to explore their eligibility for R&D tax relief, with qualifying factors being…

Read More…

The R&D claim process

As you pursue a possible R&D tax relief claim, it is important that you proceed with expert guidance, ensuring that…

Read More…

R&D tax relief FAQs

There are a range of key questions we are asked by clients around the UK regarding their R&D tax relief, such as…

Read More…

R&D sector specialities

We have helped businesses across a variety of industries to make R&D tax relief claims, in sectors such as…

Read More…

R&D Tax Relief Calculator

Receive an estimate on your possible claim value with our calculator tool

Simply drag your slider across to your annual R&D spend and you’ll be able to see your potential claim value

£

Your claim value estimate

£50000
£1000000
Your spend estimate
£