Quest Saved £1,000's in Fees
About Quest Precision Engineering
With over 150 years of experience, Question Precision Engineering is at the forefront of the subcontract engineering sector, working across a diverse range of sectors including Oil & Gas, Aerospace, Electronics and Automotive industries.
The R&D Situation
Although Quest Precision Engineering had been claiming R&D tax credits for a number of years, they came to Claim Capital for their 2021 R&D claim as a fixed fee model was significantly more cost effective.
In the past, Quest had worked with R&D advisors who charged on a percentage basis, meaning that their fee was based on the claim size and consequently they wouldn’t know the fee cost until after the R&D claim was submitted.
How will Quest Precision Engineering re-invest the R&D claim money?
Quest have ambitious plans to grow their business over the next 18-24 months. The money they have been reimbursed in the form of R&D tax credits, as well as the £15,000 they saved in fees, will go a long way in helping them achieve their goals.
Their plans involve investing £1.5 million into plant machinery as well as taking employment levels from 24 up to 40. This includes hiring additional apprentices, which would not have been possible without the cash influx from the R&D tax credit claim.
Why did Quest Precision Engineering choose Claim Capital?
With some R&D advisors charging up to 30% of the claim size, knowing that Claim Capital’s fee would be a flat £3,000 at the end of the R&D claim process was a huge benefit for Quest. Due to the size of Quest’s 2021 R&D tax credit claim this resulted in savings of over £15,000 in fees!
Overall R&D claim experience with Claim Capital
Speaking of their experience throughout the R&D claim Managing Director of Quest, Gordon Deuchars, said the support they received from Claim Capital made the process seamless from start to finish and wouldn’t hesitate to recommend their R&D service.
Claim Capital are currently working with Gordon on Quest’s 2022 R&D tax credit claim and look forward to an ongoing relationship with the business.
First Class service from start to finish. We saved £1000's on fees from previous claims. I would highly recommend their services!