Prime Accountants assists The Alan Nuttall Partnership in R&D

Midlands accountancy firm, Prime Accountants Group, has assisted its “long-standing” client, The Alan Nuttall Partnership, in claiming research and development (R&D) tax reliefs, resulting in a 230% uplift in innovation funds. 

It is reported that the Leicester-based food service equipment manufacturer will use this tax relief to further advance its “world-renowned” research and innovation practices. 

In addition, the firm also helped the business to claim 10% corporation tax reliefs via the government’s patent box, an initiative that reportedly allows companies to apply a lower rate of corporate tax to profits earned from its patented inventions. 

Claire Lea, director and head of advisory tax at Prime Accountants, said: “The Alan Nuttall Partnership has been a valued client of ours for more than three decades and we feel both privileged and honoured to have been a part of their journey for so long, and now a part of this world-class product.

“Flexeserve’s products are second to none, with quality and innovation at their core. We are proud to have assisted with securing funds that will help the business continue to advance its pioneering research and innovation for the benefit of customers, new markets and new territories.”

Darren Emms, financial director of The Alan Nuttall Partnership, added: “Innovation is central to the ethos of our firm and we are proud to have designed and developed unique, industry-leading products that have transformed how our customers serve and sell hot food.”