We’ve been developing for a long time and hadn’t heard about the R&D Tax Credit funding until our client in the rail industry told us about the scheme and about Vantage. John came highly recommended and had an extensive and impressive knowledge of hydraulics.John Reeves General Director Chainings Ltd
About Chainings Ltd
Chainings manufactures and supplies a unique range of cutting-edge bypass filtration products, custom made oil conditioning and fuel flushing units to large industrial companies. Other ancillary products include the hugely successful range of high visibility fluid level gauges.
Innovation
Chainings develops innovative fuel and oil filtration systems for a range of industries including rail, construction, marine, agriculture and oil and gas. Chainings supplies a global market, both for manufacturers and ends users.
Why Vantage?
“We’ve been developing for a long time and hadn’t heard about the R&D Tax Credit funding until our client in the rail industry told us about the scheme and about Vantage. John came highly recommended and had an extensive and impressive knowledge of hydraulics. This made it much easier for us to explain the projects and for him to know which questions to ask, to extract the correct data for the claim. John also worked extremely well with our accountants, providing them with all the correct information and progressing the claim to ensure it was submitted to HMRC” says John Reeves, General Director of Chainings Ltd.
The reward
John continues, “we’ve already managed to claim just over £20,000 in tax credits from HMRC in two years. We can’t believe how much we’ve missed out on over the years, but we’re so pleased to be working with Vantage going forward. We’re able to reinvest the money into the business, which is great for us as we’re working on more R&D projects, which may have been delayed if it were not for the scheme.”
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