
Toolrite are a precision engineering and toolmaking business who specialise in the design, manufacturing and build of production machinery, with particular expertise in the healthcare sector.
Their service-led approach sets them apart as they ensure that every client’s needs are met, from maintenance and repairs of bespoke items to complete tooling sets. Innovation is also at the heart of what Toolrite do with a key focus on continuous improvements and finding solutions to improve their customers’ packaging lines.
“It’s what we classify as a continuous improvement project as over the last few years we have been building a new breed of machinery for the new business start-up/sub-contract sector. Our project was innovative due to its simplicity and tailored nature towards a mid-market entry point.
Currently the market has 2 options, older (dated) previously used equipment or expensive high-tech options from main OEM’s in Germany & Italy. Our focus is to create a product somewhere between the two, that allows companies to enter the market with minimal technical & commercial risk.”
“It was simple to be honest. And when you’re busy, that’s what you need. It was quick and simple, of course we had to do some work, but what was requested of us was clear and concise.”
“One of the major benefits of our R&D claim was that it opened the door to new claim possibilities. We work on so many innovative projects that we didn’t realise we could claim for.
The financial return of the claim has been extremely motivating for our team, as they continue to innovate, we now know we will be able to claim in the future and receive compensation for these projects.”
Our in-house team of highly experienced scientists, engineers, tax consultants and attorneys would love to answer all your questions and help you make the most out of your R&D efforts.
Contact our R&D Tax Experts