Yorkshire manufacturing R&D tax creditsA North Yorkshire manufacturer has just received it’s first R&D tax credit claim of just over £152,000 for its last two financial years (2016 & 2017).

The family owned business provides high quality metal products to a range of industries across Europe and the Americas.

By making an in-depth technical analysis of the work they have undertaken TEQ Group were able to identify that their skilled team of engineers carried out R&D to streamline their production processes and improve efficiency. The work has enabled the Company to ensure their customers receive a quality product at competitive prices. The continuing Research and development will enable the business to grow quicker and stand out against its competitors through technical and innovation excellence.

If you are wondering whether your business qualifies for R&D tax relief, or whether your current advisors aren’t maximising your claim due to a lack of technical understanding, contact the technical team at TEQ Group on 01423 815299 for a free no obligation assessment, or take a look at our R&D Tax Credit Page.

 

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