Manufacturer quids in after credits advice

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A WIGAN accountants have assisted a North West manufacturer in claiming more than £57,000.

Fairhurst Accountants helped Expac Preston Ltd to take advantage of the Governments Research and Development (R and D) Tax Credits scheme.

The scheme, aimed at small businesses, allows companies to recover the costs of developing innovative products and manufacturing processes.

Expac Managing Director, Mark Langtree, said: “Since Fairhurst starting advising us in 2007 we have been very impressed with the pro-active advice they have provided. This has been essential to a growing company such as ours.

“Examples include obtaining access to new funding lines, assisting with Capital Allowances claims on commercial property as well as identifying the opportunity to utilise the R and D Tax Credit scheme.

“This resulted in a significant tax refund which has allowed us to drive the growth of the business through investment into new product lines.”

Picture shows Mark Langtree of Expac (Preston) Ltd and Gary Edgerton of Fairhurst.