Yacht Design Case Study
A yacht design company located on the south coast with a turnover of £2m
Part of the activities of the business were to design new and bespoke or unique yacht parts. This is often where nothing already exists that would meet the design requirements or the identified problem. They decided to research and develop solutions for each of the identified problems and successfully developed solutions in most of these situations. Even the research and development activity for the projects which were unsuccessful formed part of the claim as these were eligible for R&D tax relief too.