Delivering Elite R&D Tax Support for Monk

Monk has developed the world’s first smart ice bath. The company relies on GrantTree to secure its full allowance of R&D Tax Relief while allowing its key people to stay focused on growing the business.

Monk, a healthtech innovator and developer of the world’s first smart ice bath, approached GrantTree for help with their R&D Tax Relief claim. They initially tried to prepare the claim themselves but found the process complicated and time-consuming.

Laura Fullerton, CEO of Monk, said: “We were confident that we qualified for R&D Tax Relief, but putting together our own claim was taking time we, as a growing business, couldn’t afford to spare. We decided to streamline the process by seeking expert help.”

After contacting a number of providers, Monk chose to work with GrantTree because of our significant experience and the quality of our R&D Tax Relief service.

“GrantTree stood out. As soon as we spoke to them, we could tell they knew their stuff and would be a joy to work with,” Laura said.

How Monk Benefits From Our Service

Monk has worked with GrantTree for a number of years since then, and our long-term relationship has provided the ice bath innovator with a range of benefits.

Securing Monk’s full funding allowance

Thanks to our extensive R&D tax knowledge and thorough approach to data collection, we proved that Monk qualified for the more generous Enhanced R&D intensive support scheme, rather than SME R&D Tax Relief, enabling them to claim 45% more relief. “GrantTree’s expertise connected us with additional funding we wouldn’t have received without their help.”

Saving time, giving Monk peace of mind

GrantTree’s R&D Tax service is designed to save our clients as much time as possible without compromising on the quality of our claims. This approach helps ambitious business leaders like Laura stay focused on growth. “GrantTree saves me days, if not weeks, of work. Their process takes just three hours of my time. They do the rest. Knowing our claim is in good hands also frees up a lot of headspace, which I can dedicate to making Monk a success.”

Providing certainty during the R&D Tax reforms

R&D Tax Relief has undergone significant changes in the last few years. During this upheaval, we ensured Monk’s claim was fully compliant with the latest requirements and that Laura and the rest of Monk’s leadership understood how incoming reforms would impact the company’s funding. “GrantTree’s guidance during this period of immense change was both useful and reassuring,” Laura said.

What Monk Said...

“I strongly recommend GrantTree’s R&D Tax service to any innovative business looking to access their important source of funding, but is struggling to find time to file themselves. We have worked with GrantTree for a number of years, and their service is always exceptional: fast, efficient and friendly. Their expertise has made a massive difference to the amount of funding we received.”