Ming Foods Case Study
Ming Foods, a leading Chinese food manufacturer, approached GrantTree to file an R&D Tax Credits claim for experimental work developing an additive and gluten-free food product and a new cooling system for its production line. Here is how GrantTree’s tax and technical experts helped the company maximise its R&D Tax windfall.
Ming Foods R&D Tax Relief Case Study
Ming Foods, a leading Chinese food manufacturer, approached GrantTree to file an R&D Tax Credits claim for experimental work developing an additive and gluten-free food product and a new cooling system for its production line. Here is how GrantTree’s tax and technical experts helped the company maximise its R&D Tax windfall.
The Innovation Challenge
The Proof is in the Pastry
Cool Solution
GrantTree's Approach
Calling on our deep technical and sector-specific expertise, we scoured Ming Food’s development work and were able to uncover nearly £600,000 worth of expenditure that was eligible for the R&D Tax Relief scheme, including staff time, raw materials, consumables, machinery investments, and utilities.
Our specialists then converted the identified expenditure into a payable cash credit, leveraging the tax credits scheme’s surrenderable loss facility. This yielded a cash payout of over £125,000.
Ming Foods reinvested this substantial windfall in additional R&D, building a second manufacturing line predominantly used for experimental products.
The Results
Costs Identified
GrantTree identified £579,000 of eligible expenditure
Windfall Maximised
Our work yielded an R&D Tax Credit worth over £125,000
R&D Accelerated
Ming Foods reinvested their tax credit into further development work
Expert support for your claim
Looking for help on your upcoming R&D Tax Relief claim? GrantTree’s specialists are standing by. Just drop us a line and we’ll be back in touch shortly.
