Client Overview
Our client is part of a group with over 50 years of experience in delivering sophisticated testing solutions to the UK’s defence sector. They specialise in applying cutting-edge testing technologies to mission-critical defence programmes and offer unrivalled support throughout the entire aircraft lifecycle. Their extensive suite of bespoke test products is recognised globally and utilised by major aerospace organisations. Additionally, they invest heavily in developing advanced simulation tools, testing systems, and Electrical Ground Support Equipment (EGSE) to optimise both space and ground operations.
Problem Statement
The client's operations were divided between two separate entities sharing common resources, creating a complex cost-sharing scenario. Furthermore, due to the confidential nature of their work, there were numerous projects they were involved in that required an intricate analysis to accurately determine their R&D elements. They sought ResearchQX's expertise to help understand the potential R&D claims they could make, effectively assess each project's eligibility, and appropriately articulate their cutting-edge research and activities in a claim report.
Our Process
With the intricacies of the client's work and the dual-entity structure in mind, ResearchQX began the claim process with detailed discussions with the client to establish a clear understanding of their operations, projects, and shared resources. As their work was divided between two entities, it was imperative to precisely attribute costs and link them with R&D projects, which necessitated the development of a detailed costing model. Further technical meetings were held to deeply comprehend the complexity and innovative aspect of their confidential projects. After rigorous discussions, the client's various technological advances were categorised, ensuring the R&D activities that they were undertaking were recognised and effectively mapped.
The intricacies of their work required a precise understanding of the R&D eligibility criteria as specified by HMRC. ResearchQX provided clarity and guidance on these, facilitating a deeper understanding of the potential qualifying activities within their operations. ResearchQX team prepared detailed technical reports, meticulously outlining the nature of their R&D activities and demonstrating their conformance with eligibility criteria.
Key Metrics
The client successfully secured cash credits through the R&D incentives scheme, a significant financial boost that recognises their commitment to technological advancements. The streamlined, robust methodology implemented by ResearchQX for preparing the claim not only maximised the claim value, but also established an analysis model that can be used to efficiently identify and assess areas of R&D going forward.
