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NORTHWEST FINANCE NEWS

Friday October 23 2015


Major R&D Tax Consultancy Chooses Warrington as Hub for Northern Expansion




Major R&D Tax Consultancy Chooses Warrington as Hub for Northern Expansion

After just a few years in business, successful tax relief company, R&D Tax Claims Limited have taken the expansion leap, selecting Warrington, as their new regional hub serving businesses across the North West and surrounding areas.

R&D Tax Claims’ Managing Director, Mark Evans, has recently expanded the business building upon their West Midlands base due to unprecedented growth in the North, selecting Pamela Cunliffe to head up the Northern operation.  SMEs right up to Scotland will now benefit from a new, proactive approach to getting often unexpected, tax refunds from HMRC.

Originally operating in the Midlands, R&D Tax Claims launched to assist UK based SMEs in claiming back every pound spent on research and development projects. This government backed scheme was designed to provide companies with the opportunity to further develop their products and processes, typically for manufacturing companies, as well as businesses exploring new products and niche markets.  Over the past 6 and a half years Mark has been involved in generating an incredible £20m in tax savings, which has proven instrumental in enabling SMEs to grow their businesses by reinvesting the relief money back into the companies.

R&D Tax Claims has secured tax savings of £374,384 for Mini Gears (Stockport) Limited over the last 5 financial years.  A portion of this reclaim has been dedicated to the purchase of a Leadwell LTC35C Turning Centre machine which has allowed Mini Gears to manufacture larger car parts (despite what the company name suggests!), as well as for niche classic cars. Keith Martin, joint Managing Director of Mini Gears, comments:

“R&D Tax Claims have helped us to take our company forward. Don’t assume that what you do won’t qualify as R&D.  Meeting with R&D Tax Claims gave us the opportunity to review our projects and discuss our potential. There is nothing to lose from an hours meeting, only the opportunity to get something back.”
 
Driven by R&D Tax Claims’ proven route to achieving maximum refunds for SMEs and their support for the UK economy, the expansion into the North West is providing the opportunity for many more companies like Mini Gears to benefit from the reclaim scheme. 

As many companies are still unaware that they are eligible for such valuable tax refunds, it is with the new Warrington office that R&D Tax Claims can now reach out to more companies and get them the tax saving that is rightfully theirs.

Northern Director, Pamela Cunliffe, concludes: "This is a really exciting time to work with our existing and new customers given the strength of research and development occurring within manufacturing SMEs across the Northern Powerhouse. We have already made some strong connections and I am looking forward to expanding our business further. Being Cheshire born and bred I feel totally at home in Warrington and it is fantastic to be part of the vibrant business community here and across the North West."



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