{"id":16696,"date":"2024-09-24T11:02:07","date_gmt":"2024-09-24T11:02:07","guid":{"rendered":"https:\/\/leyton.com\/uk\/?post_type=case_study&p=16696"},"modified":"2025-01-13T15:19:21","modified_gmt":"2025-01-13T15:19:21","slug":"tanridge-capital","status":"publish","type":"case_study","link":"https:\/\/leyton.com\/uk\/insights\/case-study\/tanridge-capital\/","title":{"rendered":"Tanridge Capital"},"content":{"rendered":"
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About the client<\/h2>\n

Tanridge Capital is an asset management company specialising in foreign exchange (FX) investment and hedging strategies founded by entrepreneur and financial expert Moises Portillo, whose high-profile career includes working at JP Morgan, Goldman Sachs, and Citibank.<\/p>\n <\/div>\n <\/div>\n

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The Benefit <\/h2>\n

Tanridge Capital uses data-driven, algorithmic models to make trading decisions systematically, taking the emotion out of decision-making based on market data and risk management. These systematic models are constantly refined and enhanced, requiring a constant development process to ensure they\u2019re up-to-date and competitive.
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Relying on tax credits for funding investment in R&D, they were looking for help with navigating HMRC\u2019s new rules after the R&D Tax Credits scheme was updated. The problem was that HMRC also lacked a thorough understanding of the technology behind systematic trading, so they needed a partner who could explain their work and demonstrate how their projects qualified for R&D relief.
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That\u2019s why they turned to Leyton. Leyton’s team of technical and accounting experts put together several robust claims, bridging the gap between HMRC\u2019s complex rules and Tanridge Capital\u2019s innovative technology.
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What attracted you to working with Leyton UK?<\/strong>
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\n \u201cOur work is complicated, so one of the biggest things we\u2019ve needed support with is educating HMRC on what we do and our R&D projects. Leyton has been very helpful. They understand very well what we do and has been able to put our case in front of HMRC.\u201d
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What did you think of the Leyton UK team who supported you?<\/strong><\/h2>\n
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\n “Nabeel and the team have been great. Leyton has very capable people, and the team has clearly defined roles, from technology to accounting experts. Everything we do relies on our technology, so having technical experts that understand the finance sector is so important. They\u2019re all very precise, which means the claims process becomes very simple. They\u2019ve helped me get all the documents together, we\u2019ve been able to answer each other\u2019s questions, and there\u2019s always follow-up.\u201d <\/p>\n <\/div>\n<\/div> <\/div>\n <\/div>\n<\/div>\n\n<\/section>\n\n

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Do you have a highlight from working with Leyton UK?<\/strong><\/h2>\n
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\n “Leyton has created a very comfortable working relationship. I\u2019m very busy, always dealing with people in different time zones and Leyton has really understood this.
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I like the fact that I\u2019m able to reach out to the team, even on WhatsApp if needed. Coming from large banks, I\u2019m used to formalities, but Leyton\u2019s people are very efficient, and their way of working makes a lot of sense. It\u2019s made things very flexible for me and has helped to move things quickly. That\u2019s a huge benefit.\u201d <\/p>\n <\/div>\n <\/div>\n <\/div>\n

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What would you describe as the main benefit of working with Leyton UK?<\/strong>
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\n \u201cThey\u2019ve helped me be able to navigate the new framework with which HMRC is working with.
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Leyton is a one-stop-shop. Whether it\u2019s putting together the R&D claim, talking to HMRC, helping with mediation, or whatever it might be, I know that I\u2019ve got a partner steering me towards success.
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And Leyton understands us, and they believe in us as well. That\u2019s really important.\u201d

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What would you say to convince others about the benefits of R&D Tax Credits?<\/strong><\/h2>\n
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\u201cIf you\u2019re going through the hassle of doing all the R&D, you may as well reap the tax benefits. There are lots of new companies coming in who are working in software development within finance and building new infrastructures into their technologies for this new world that we have \u2013 and they\u2019re not aware of the R&D benefits available. But if you\u2019re putting the investment in, you need to maintain cash flow somehow, and Leyton can help walk you through everything to get you started.\u201d
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Would you recommend Leyton UK?<\/strong><\/h2>\n
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\n \u201cAbsolutely! I already have and I\u2019ll continue to.
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Without R&D Tax Credits I wouldn\u2019t be doing research and development, so having the right partner is key.
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Leyton has the talent and the resources, and that makes them a well-run operating machine. Their relationship with HMRC is also very valuable. They\u2019re a member of HMRC\u2019s consultative committee, and they\u2019re completely on top of the new framework. They\u2019ve always been able to provide solutions when HMRC comes back with queries.
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And they\u2019re so easy to work with. It’s like having a plugin to help me communicate with HMRC. Our partnership has freed me up so that I\u2019m not just dealing with the R&D claim, I also have more time to manage the company.\u201d <\/p>\n <\/div>\n<\/div> <\/div>\n <\/div>\n<\/div>\n\n<\/section>\n\n

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Strengthen your claim<\/h2>\n

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.\n\n<\/p>\n

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  1. Global experience<\/li>
  2. Maximise your claim<\/li>
  3. Audit Support<\/li>
  4. Team of Experts<\/li> <\/ol>\n <\/div>\n <\/div>\n
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    Contact our R&D Tax Experts<\/p>\n

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