Supporting Research and Development across your innovation funnels from ideation to commercialisation and exploitation
Cooden – R&D Experts specialize in supporting innovative companies:
- Access grant funding to explore their proof of concept and scale it up
- Claim Patent Box where a company has been granted a patent
- Claim Research and Development Tax Credits to support further growth and innovation
- Claim some of the Creative Industry tax reliefs that focus on technological innovation such as Video Games Tax Relief and Animation Tax Relief
Our team of R&D experts include tax consultants and grant writers to provide you with a seamless, supported process that helps you to secure innovation funding, whether that’s’ grant funding, R&D Tax Credits, Creative Industry Tax Reliefs or Patent Box.
Why does the government offer R&D Tax Credits?
I have an accountant, why haven’t they told me about this?
Does my business qualify for the R&D Tax Credit?
How far back can I claim?
Is it only for specific industries?
Is it too good to be true?
How long does it take? Is it worth it?
I’ve already claimed, why should we look at it again?
We are a start-up and pre-revenue, does that affect our ability to claim?
What is the “twilight zone”?
We’re bootstrapping our start-up, will that affect our claim?
Dev Subatra - Founder, Fidel
Fidel Limited – Fintech Loyalty Rewards Technology – saved £50k+
This was a complex development project that involved an extensive and expensive collaboration with Visa and Mastercard to connect to their data feed. The API needed to be compliant with the PCI framework – the Payment Card Industry Data Security Standard.Read the Full Case Study
Max Windheuser - Director, Evinox Energy Ltd
Evinox Energy Ltd – Heating Systems – Saved £140k+
There were several separate projects making up claims for R&D tax relief. One of these was the development of an improved heat interface unit. It was designed to be a combined boiler and tank, with connections to a wider system for heating multiple occupancy accommodation.
In its new design the company sought to improve the efficiency and unit cost of manufacture by introducing a new efficient pump, developing new (and less) control valves, as well as an intuitive ViewSmart Room Controller, that incorporated their own PaySmart pre-payment technology, to allow for centralised reporting and billing.Read the Full Case Study
Ben Turney - CEO, Teathers
Teathers Financial Software Limited – Fintech Investment App – saved £79k
Teathers research and development work was based around innovative software development (Software as a Service – SaaS) and a new private investor experience concept.
The Teathers App is an execution-only platform. When an AIM-listed company raises money, “onboarded” users of the Teathers App have the opportunity to get involved.
Users are onboarded by downloading the iOS or Android app and completing an account application process. This sets up an execution-only brokerage account with Shard Capital.Read the Full Case Study
Richard Moore - MD, The Source
The Source – Subterranean Skatepark – saved £26k
The skate park build was very complex and needed a great deal of scientifi c construction research before it could go ahead.
The site dates back to the 1800’s and had been derelict for approximately 18 years. It was originally a swimming pool that also had (and still does have) a full basement of water. The whole footprint of the building is part of a natural stream and water from the roads drain down into the space.
This creates a marine environment. Calculations were required for understanding how timber ramps would expand and contract with the humidity, for example.Read the Full Case Study
Andy Johnson - Director, Cosmarida Limited
Cosmarida Limited – Cosmetics Manufacturer – Saved £49k
Cosmarida work in an industry where formulation development is an ongoing R&D process. The skincare and toiletries products are constantly being refreshed with new fragrances and
Despite working to a “brief” from their customer for most product developments, the company were able to qualify for the SME tax relief scheme because the brief was vague. Cosmarida had to experiment with different combinations of fragrances and ingredients to produce a number of samples and make multiple changes to get customer approval. Even then the R&D work isn’t finished.
Scaling up from a small 100ml pot to a 1,000 litre test batch and then a 10,000 litre first production batch, still represent significant challenges. As well as the product manufacturing, the company has also designed and built machines for unique packaging requirements.Read the Full Case Study
Could your SIC Code land you in hot water with HMRC?
Over the last 12 months, there has been significant focus at HMRC on a company’s SIC Code in determining whether they should open an enquiry into a Research and Development…