Geographic location: Lancashire
Qualifying R&D expenditure identified: £182,330
This included costs for:
R&D tax credits cash refund: £45,660
EC Chemical Productions is one of the UK’s market-leading odour and foam control specialists.
With a national client base spanning a range of specialist sectors including wastewater, landfill, nuclear and food processing, the company strives to remain at the forefront of its industry and continuously develops new and improved bespoke formulations from its in-house facility in Blackpool.
Having never submitted an R&D tax relief claim previously, we were able to make a backdated claim for the company’s last two tax years, identifying an overall R&D investment of £182,330 and a cash benefit of £45,660.
“Improving our products year-on-year, whether that’s in response to changing regulations or a new client problem, is a big part of what we do.”
“Lots of companies would love to be in a position to invest more in R&D yet finances often hold them back and that’s why incentives like this will definitely encourage more British manufacturers to prioritise innovation.”
Jason Reid, management accountant at EC Chemical Productions
Champion Accountants has so far helped SMEs across the UK claim more than £15m in R&D relief – with a 100 per cent success rate.
To see what you could claim, contact David Herd on:
T: 0161 703 2500
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