tile

CASE STUDY

Ming Foods

How GrantTree Helped Ming Foods Feast on Tax Credits Dough

Leading Chinese food manufacturer Ming Foods approached GrantTree to file an R&D Tax Credits claim for experimental work it had conducted developing an additive and gluten-free food product, and a new cooling system for its production line. Here is how our tax and technical experts helped them maximise their windfall.

The Innovation Challenge

Gluten-free foods aren’t new. Still, challenges remain replicating the elastic strength of wheat-braced proteins in gluten-free doughs. Some food producers have solved this problem by turning to additives and preservatives. But Ming Foods CEO Sam Duong wanted to develop a new dough that was suitable for his pastries and free from gluten and artificial additives. At the same time, Sam’s team wanted to devise an energy-efficient way to cool pastries quickly.

The Proof is in the Pastry

Ming Foods faced a number of technical uncertainties in creating the new dough and cooling system. For the dough, the team experimented with different natural ingredients to replicate the elasticity of a glutinous mixture. After trialling many variations, the team discovered a certain combination of ingredients that provided the needed resilience without adversely impacting the taste.

Cool Solution

To develop a new cooling system, Sam's team tried various ways of making alterations to the existing, on site cooling system. After experimenting with a number of new set-ups, the team found a way to use the inbuilt cooling system to cool its pastries in a small area and a short space of time. This increased the baseline technology and just couldn’t be done using off-the-shelf equipment.

GrantTree's Value

Calling on our deep technical expertise, we scoured Ming Food’s development work and uncovered £579,000 worth of expenditure that was eligible for R&D Tax Relief.

Leveraging the tax credits scheme’s surrenderable losses facility, we then converted this sum into a payable cash credit, delivering a cash payout worth over £125,000.

Ming Foods reinvested this money in additional R&D and a second manufacturing line predominantly used for experimental products.

Identified £579,000 of eligible expenditure

Secured £128,000 R&D Tax Credit payout

Tax credit reinvested in new products and R&D

"GrantTree was the perfect tax credits partner. They really understood our technology and R&D, which helped us claim for every penny possible. We received the credit as a cash lump sum, which we immediately invested in new employees and equipment. This has helped us scale and enter new markets."
Sam Duong
Sam Duong
CEO

Ready to Maximise Your R&D Claim?

GrantTree’s team of tax credits experts will make sure you’re claiming for every penny possible. Unlike our competitors, we invest in people who understand both policy and your technology. That’s how we’re able to maximise your claim size while ensuring you stay 100% compliant.

If you want to make sure you’re receiving every penny possible, give us a call. Our experts are standing by to help.