R&D tax relief case studies > Hone-All Precision Ltd
Industry: Manufacturing
Founded in 1979, Hone-All Precision Ltd has successfully extended its remit to become a leading single source manufacturer of precision-machined components.
Hone-All Precision Ltd wanted to make their production line quicker, more cost effective and more efficient. They identified that the production of their own in house boring tubes would help achieve this.
Hone-All Precision Ltd undertook a process including design, re design and testing before creating new boring tubes that met their stringent requirements.
This R&D work created greater efficiency within the business and also allowed for an increase in production and supply volume. But more than that we supported the client in making a claim to recover tax relief.
The client was initially dubious about being able to claim for internal process improvement, but GovGrant’s knowledge and expertise reassured them. The claim was successful.
“Being able to claim money back from the taxman for work we did to advance our internal manufacturing processes as well as the end customer experience is very welcome.”
Andrea Rodney | Director,
Hone All Precision Ltd
