A company in Darlaston, West Midlands received a total of £70k in R&D tax credits with a second claim of £38,000. The company supply steel products, particularly joist work and offer a wide range of services within the steel based construction industry including a one-stop shop design & build element for the steel used within a building.
A team of trained professionals are able to meet all client requirements and carry out projects that are technologically cutting-edge within the industry sector. Research and development is vital for one-off, specialist and bespoke jobs that require significant levels of development work to be carried out in many areas including logistics, development of new fixings, erection methodologies and forming complex parts. Adding steelworks to existing buildings also leads to the need for innovation, particularly if the host building is either old, of an unusual design or it features exotic materials.
Previous R&D tax credits claims have enabled the employment of a new CAD (Computer Aided Design) programmer and operator which allows the company to carry out more projects that require complex development work without having to rely on third parties in this area.