Unissu's R&D claim maximised by £32,000
Unissu is the number one source for PropTech data, content and research. Their marketplace offers professionals within the real estate industry an opportunity to gain new information and insights into the ever-growing world of PropTech.
The R&D Situation
After working with Claim Capital for their 2020 R&D tax credit claim Unissu were concerned that they had underclaimed for previous years. Unissu asked us to review their previous claims where our team of experts discovered they had underclaimed by £32,000.
Claim Capital have now completed three R&D tax credit claims for Unissu. Initially, Unissu only came to Claim Capital for their 2020 R&D claim, but later asked the team to review their 2019 claim. This is when we discovered a £32,000 shortfall in the claim that their accountants had missed. Since then, our team of R&D specialists have also completed Unissu’s 2021 R&D tax credit claim.
How will Unissu re-invest the R&D claim money?
The money Unissu has been reimbursed for their R&D tax credit claims has been very beneficial to the business, as they significantly impact cashflow. This cashflow is money that they have used to accelerate their growth through bringing on new members of the team or developing products, as well as improving and expanding upon their marketing efforts. It's fair to say that R&D tax credits have made a significant difference to the progress that Unissu have made in the past three years.
Why did Unissu choose Claim Capital?
Previously, Unissu had accountants advising them on their R&D claims but after being concerned that they had been underclaiming they was seeking specialist advice. Claim Capital were recommended to Unissu by the UK PropTech Association as both companies are members. Having now worked with Claim Capital for three R&D claims Eddie Holmes, co-founder of Unissu, said he would certainly be happy to recommend their services and urges UK PropTech companies to reach out for their expert advice.
What advice would Unissu give to companies who aren’t claiming R&D tax credits?
Unissu encourages any technology company who is not claiming R&D tax credits to explore the possibility. Eddie also urges anyone who is currently using a traditional advisor, like an accountant, to seek specialist R&D advice to ensure that their claim is maximised.
I'd certainly be happy to recommend Claim Capital! We can certainly vouch for the services they provide!