Project Fluorite expertly works with clients of all sizes throughout the UK to manage their R&D and capital allowance tax reclaim requirements, delivering an end-to-end service.

Long-standing relationships with accountants throughout the UK facilitate a steady stream of prospective clients.

The highly experienced technical personnel ensure that all claimable processes and assets are included in HMRC submissions, taking time to understand each client’s operations through ongoing contact and site visits.

Our clients are now offering the company for sale to facilitate retirement plans and lifestyle changes. Offers invited.

Key Highlights

– Services are sector-agnostic, enabling the business to operate within industries such as manufacturing, engineering, IT and automotive, amongst others.

– Director wishes to remain operational, post-sale, and can take on many responsibilities currently carried out by the exiting shareholders.

– Two candidates available to support the remaining shareholding Director.

– Operates from shareholder-owned premises, which are leased to the company; however, the business could be relocated.

– Current premises in Northern England present considerable scope for development to expand the business’s capabilities.

– Primed to take advantage of growing spend on R&D processes across the UK.

Financial Highlights

– Generated a YE23 turnover of £1.5m.

– Turnover is projected to increase to £2.1m in YE24, with an adjusted EBITDA of £386k anticipated.

– Approximately 97% of the clients are retained on long-lasting contracts.

– Circa 76% of revenue is derived from existing clients.

– Pipeline of circa 500 clients who are actively discussing their R&D activities.

– Generally, 40 cases are at the assessment stage and a further 20–30 claims are finalised each month.

Financial Commentary

Due to the nature and timing of R&D tax credit claims, the company experienced the effects of the pandemic after the event; this is demonstrated in the downturn from YE21 onwards. However, our clients anticipate that the YE24 figures will begin to show an uplift.