As an innovation-led organisation, ChestPal recognised the importance of tax relief to support their cash flow. Investing heavily in R&D but lacking the in-house tax expertise to navigate the complex R&D Tax Relief process, ChestPal sought a specialist partner. Given HMRC’s increased scrutiny around R&D claims, Bonham & Brook was recommended to the client as a reliable advisor who placed a strong focus on compliance.
Our team worked closely with ChestPal’s CFO and R&D lead to clearly identify qualifying R&D activities. Via a streamlined process, and high technical literacy from the B&B side, we submitted a robust claim with a high degree of confidence in HMRC approval. Taking over the admin burden of the claim, the B&B team allowed the client to stay focused on core operations.
With our support, ChestPal successfully received substantial R&D tax credits on two rebates, providing financial relief that was directly reinvested back into the business. The company noted they would not have been able to manage the application without Bonham & Brook’s expertise.
“The R&D Tax Relief process can be complex and time consuming. Working with Bonham and Brook saved our business significant time and effort, enabling us to focus on our business.”
Steve Atkinson, CEO, ChestPal Ltd
Bonham & Brook stood out with a strong proposal, transparent pricing, and a team that included ex-HMRC inspectors. This gave the client immediate confidence. The client also highlights our team’s ability to quickly grasp their technical work and hold high-level conversations with their engineers, as a crucial advantage.
Bonham & Brook was recommended to ChestPal for our strong reputation in the innovation space. Even before engaging with us, they were impressed by our proven track record & technical credibility of our team. ChestPal were on the lookout for a partner who could simplify a complex process & Bonham & Brook stood out as the most capable and trusted partner to do just that.
“Applying for R&D tax credits is too complex and time consuming to manage alone. We will definitely be using Bonham and Brook again”
ChestPal views Bonham & Brook as a trusted partner and intends to continue working together as they grow and scale their innovations in healthcare.
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