Essex Commercial Finance

Local and National Coverage
Based in Chelmsford

01245 979100
Commercial Finance

Mon - Fri :08.30-17.30
Remote Meetings Available

Commercial Finance
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Helping Businesses fund the purchase of Offices, Land and Property for Investment

Raising Capital?
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Keeping your Business Performing with Cash Flow funded by your Assets and Invoice Value

Property Development
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Keep your Property Development Plans on-Track with the right Finance to support your Project

Growing Business ?
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With a number of Funding Options, Let us discuss your plans and show you how to raise money to expand and improve your business

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Research and Development (R&D) Tax Relief Scheme

Essex Commercial Finance work with tax specialist partners to enable us to help clients that are eligible for R&D Tax Credits to claim for relief or refunds that can add vital funds back into the company to support your ongoing business activities.


Eligible Limited Companies can claim a reduction in their corporation tax or a refund for ‘innovation’ in the work that they conduct – and the work does not have to have been successful or completed to qualify.


What is eligible ‘innovation’?


You don’t have to employ ‘men in white coats’ necessarily to be eligible – though they would probably qualify if you did!


Some examples of qualifying activities:

·      Projects involving design and/or implementation elements

·      Overcoming sector or industry problems in your work

·      Achieving your goals by changing processes, materials, design, services or devices

·      Your processes show you getting from starting to finishing points in your work

·      An element of trial and error to achieve a positive outcome

·      Employing technical staff in your business


Is my sector eligible?


The majority of companies don’t consider themselves eligible for R&D Tax Relief – talk to our expert partners and they can quickly assess if you have the basis for a claim.


The following are areas that companies commonly claim from – but this is NOT an exclusive list so please talk to us about your eligibility:

·      Manufacturing, Sciences, Automotive and Engineering

·      Construction, Demolition and Waste Services

·      Technology, IT and Software

·      Hospitality and Food & Drink


What can be claimed for?


You can claim for any qualifying project costs from the company’s last two financial years, including:

·      Your related staff costs, including some tax and benefits

·      Contract staff – % limits apply here

·      Utilities directly used in the R&D activities

·      Computer software – some % of sub-contracted R&D costs

·      Materials directly used in the R&D process

·      Wastage


How do you confirm if you are eligible and claim?


Whether we are already talking about commercial finance, or if you start talking to us specifically about R&D Tax Relief – ECF will take some outline details about your business and activities and make an introduction for you to our tax specialist partners.


If you are uncertain about your eligibility – let us make sure for you!


We do not charge you in relation to R&D Tax Relief at any stage, regardless of the outcome of your claim.


Our partners only levy a charge if you are successful in achieving tax relief or tax credits, so there is no cost and no risk to the company in exploring if you are eligible, or proceeding with a claim.


The R&D Tax scheme is an opportunity for eligible companies to add vital funds and value back into their business at a crucial time for everyone in the UK economy.

Please contact us today – it really isn’t a day too soon to get this assessment started for you. Call or complete the form below.

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Essex Commercial Finance Limited  is a company registered in England and Wales with Company number 12610135
Registered Office : Suite 3, 8 Kingsdale Business Centre, Regina Road, Chelmsford, Essex, CM1 1PE

Data Protection Registration : ZA759800

(c) Essex Commercial Finance Limited 2020