Award winning restaurant stabilises after the pandemic and anticipates growth, thanks to R&D Tax Credits

An award winning restaurant who specialises in creating seasonally - influenced dishes; combining modern and traditional Spanish flavours and techniques while taking inspiration from closer to home.

Have you tried to claim R&D before? 
No, R&D was something that had never crossed our minds. We had no idea that this was available to us until Recoup approached us. It turned out to be a great source of cash to put into the business.

Were you aware you could claim being in the hospitality sector? 
No. We had no idea R&D could be claimed for the restaurant sector, although our knowledge of R&D in the first place was very poor, we didn’t really know how it could apply to us.

The problem is, R&D isn’t widely publicised by the government and as such it’s very much under the radar.

How good was the communication through-out? 
Excellent. The service is first rate, fast, efficient and streamlined. The team at Recoup made the journey extremely easy for us, helping us throughout the process and doing most of the heavy lifting.

This meant we were not getting bogged down with the paperwork and were free to continue to run the business. That was one of the major bonuses of working with the Recoup team, they did all the work for us.

How will R&D help the businesses moving forward? 
We now understand what constitutes R&D and will gather the information on a monthly basis to ensure we do not miss any costs that could qualify.

As we can claim R&D every year moving forward and we now have the knowledge, the process will be a lot easier. The additional benefit to the business is the ongoing R&D claims, something that will continue to help the business as it grows.

What will the credits be used for? 
The credits will assist cash flow and will certainly encourage us to carry out future R&D.

As we come out of the pandemic, this extra boost of cash has definitely helped the business stabilise itself and put us in a strong position moving forward.

Would you recommend working with Recoup? 
Absolutely. The team has been great from start to finish.

It could be a daunting prospect, but Recoup made the whole process seamless and they were a joy to work with.

“Initially we were reluctant to submit an R&D claim as we thought it would be complicated and time consuming. Fortunately, Recoup guided us step by step through the process which was surprisingly easy.”