John makes the submission process really smooth. He is always able to get the best responses from the accountants in an easy, timely manner. He makes it easy for them…Now our accountants know him and know what to expect.Matt Wood, Partner, CAB Studios
About CAB Studios
CAB Studios is a full-service marketing agency, providing top-end digital platforms and applications to a diverse range of businesses. Partner, Matt Wood, describes it as a “high-paced and fun” place to work. Since 2011 CAB Studios has grown significantly from 15 employees to 37, with further expansion planned.
Software Innovation
As with many businesses, 2020/2021 was a difficult year for CAB Studios, with their biggest challenge ultimately being cashflow. Many of their clients are in hospitality, which has meant that the flow of work has been very stop start. Throughout the year, they have needed to invest a lot more than ever in supporting their staff through the lockdowns and furloughs. Unfortunately they were not eligible for any grants or additional support, so R&D tax credits have provided a valuable boost to their cashflow.
CAB Studios is always striving to provide innovative ways to help their clients communicate to end-customers. Utilising the latest web technologies is key and has been a major factor in its growth and establishment as a premier digital marketing agency.
Why Vantage?
CAB Studios had been frustrated with the service from previous suppliers, but working with John was, “like a breath of fresh air” says Matt Wood. Matt puts this down to John’s, “exceptional knowledge of software” and his ability to expertly facilitate the conversation to extract the pertinent pieces of information relevant to the claim.
Matt told us that he and his technical director no longer dread the process and that they only want to work with John in future. "The advantage is that you will always get to work with John…He could make so many people happier through this process and I’ve told so many other business owners about him and how easy it is."
The reward
"In the better years, R&D Tax Credits have allowed us to grow and in the poorer years, they've stopped us shrinking, which is equally as important...We started with a technical director and one other. We now have a full team of six developers and a continued focus on getting much bigger projects over the line" says Matt.
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"Vantage were recommended to us by another team in the Superbike paddock that we've worked with on chassis development. There was an instant synergy with the consultant, John."
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"I had never heard of R&D Tax credits before, but we contacted Vantage after they were highly recommended to us. We weren't disappointed. Not with the process, the service or the results."
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"As a motorcycle race team, the business is primarily involved in road racing, but we're always working on new ways to make our bikes faster and ultimately, for the team to improve."
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"Research and development is at the heart of the business and R&D tax credits have provided valuable funding worth over £150,000 in the past two years."
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"R&D Tax Credits proved to be a big benefit to our business and really helped the team with finances to move forward and stay at the top of our game."
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"We've actually been developing since the early '80s, but we had no idea we'd been able to claim some of this spend back until we got talking to the people at Vantage. "
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“We’ve already managed to claim just over £20,000 in tax credits from HMRC in two years."
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"Working with John and the team at Vantage has been a fantastic stress-free process, which allows us to continue pushing our engineering boundaries."
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Vantage made it very straightforward for us, even going through hundreds of invoices manually to make sure every cost was correctly allocated. Nothing was too much trouble, and the levels of diligence
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