Established in 2019 by Anthony Doran (pictured above), Recoup Capital has successfully claimed thousands of rebates for businesses across a wide range of sectors, including construction, manufacturing, and engineering. 

One North West property developer with a headcount of 50 and turnover of £50m saved over £370,000 over two years, while a contractor company with a headcount of 19 and turnover of £35, saved £615,211 over two years.

“There’s no denying that 2020 has been an incredibly tough year for most businesses, so we’re particularly proud to have claimed back £10m in R&D tax credits for our clients,” said Anthony.

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“It's been incredibly rewarding to help our clients thrive this year by helping them access the funds they are owed to fuel cash flow at such a difficult time, and also provide the foundations for future growth.”

The R&D tax credit incentive was introduced for SMEs in 2000 by HMRC.

It is designed to encourage greater R&D spending, leading in turn to greater investment in innovation. 

Between 2000-01 and 2018-19, over 300,000 claims have been made, and £33.3bn in tax relief claimed, according to the latest HMRC data.

 “So many businesses miss out on what they’re entitled to because they don’t think they qualify or don't have the knowledge of the tax system to understand what they’re owed,” Anthony added.

“The next couple of years are going to still be tough for UK businesses, that's why our next target is to help UK businesses claim £75m by 2022.”