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Finance Industry News

R&D Tax Claims help Baker Bennett launch own brand ranges


R&D Tax Claims help Baker Bennett launch own brand ranges


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Specialists in securing SMEs with research and development tax relief, R&D Tax Claims (North) Limited have once again proven the benefits of the HMRC backed scheme, and successfully secured in excess of £60,000 for Baker Bennett run by award-winning North West entrepreneur, Julie Bowmer.

The recently launched North West division of R&D Tax Claims Ltd headed up by Pamela Cunliffe has quickly grown its portfolio of regional clients with the most recent success story being well-known supplier to the supermarket ‘high end’ own brand ranges, Baker Bennett, a specialist ambient bakery product developer and distributor.

Baker Bennett have so far had a successful 21 years in business creating recipes and products for some of UK’s primary retail outlets, including the likes of Asda, Tesco and Waitrose; for the latter, they’ve been behind the Christmas range for Heston Blumenthal.

To facilitate their business, the company invested in the development of a revolutionary portal two years ago in order to provide research and testing analytics into consumer behaviour, demographics and trends for all involved in the supply chain. The system holds all the key information required for the business to provide an unrivalled service to their customers, including commodity prices, exchange rates and packaging. A great deal of time and money has been spent on developing the programme and is now invaluable to their customers with real-time reactions to market changes.

CEO of Baker Bennett, Julie Bowmer who is by profession a qualified Chartered Accountant, was aware of the reclaim opportunities available but was seeking the right tax experts to work alongside her.  

“Having invested so much into our portal software, it was a welcomed discovery which wouldn’t have been possible if we didn’t take the leap of faith in the scheme. 2015 has been a positive year for myself and my businesses and Pamela’s impressive service from start to finish means we’ll start 2016 on a high.”

It was Baker Bennett’s National Account Manager for Baker Bennett, Stephen Steele, who introduced Pamela to the business after a networking meeting. With Pamela’s expertise and close relationship with the regional branch of HMRC, within eight weeks of the meeting, Baker Bennett secured over £60,000. With the funds reinvested back into the company, Baker Bennett now have the resources to launch their ‘own label’ brands including ‘Bakers Delight’ and ‘MyHI’ offering a tasty and unique high-protein and gluten-free product range to the supermarkets.

Northern Director, Pamela Cunliffe comments: “We take great satisfaction in helping our clients secure funds to reinvest back into their businesses, enabling them to grow further. However, there are still too many businesses unaware of the opportunities available with 90% of SMEs who qualify, not claiming their R&D tax relief. It was a pleasure to work with Julie and her team at Baker Bennett. This is a really exciting time for SMEs across the Northern Powerhouse, and I hope we are able to impart our 100% success rate on more local businesses in the future.”

This Government backed scheme was designed to provide companies with the opportunity to further develop their products and processes.  

For more information about R&D tax relief visit www.rdtaxclaims.co.uk

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Ten Times Ten

Analytics, Modelling & Business Intelligence Specialists