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Brainwave Drinks

Case Study

Background

Brainwave Drinks Ltd’s business is innovative, healthy functional drinks.  They created, developed and launched in the UK the Brainwave range of drinks, which are unique – helping maintain brain health and cognitive performance.  Similarly, their ProWater range of drinks – high protein, low calorie, great tasting and refreshing (not chalky).  The protein is fully soluble – again unique in their markets.

DataFox approached them towards the end of last year and met with them to discuss making an R&D tax credit claim on their behalf. The two directors, Richard Baister and Nik Hristic, had invested a significant amount of money in developing the products – functionality, ingredients, taste, mouth feel and branding, etc. DataFox was confident that it could get back a cash payment from HMRC for some of the expenditure.

 

R&D Tax Relief – Substantial Cash Payment

Brainwave Drinks had not yet made a profit and DataFox informed them that they could get a cash back payment of 33.35% from HMRC on the qualifying R&D spend. This was potentially great news for them and a welcome boost to cash-flow.

DataFox’s R&D Claim Service

DataFox handled the claim for Brainwave Drinks from start to finish. We ensured that the claim was submitted correctly, with appropriate narrative supporting the numbers and that the claim was maximised to its fullest potential. We provided a very high level of service to them.

Brainwave Drinks could clearly see the amount of work involved in making a tax credit claim and that it was and is a very specialist area. This is why most accountants do not offer this service and why you need a company like Datafox to handle your claim for you.  There is no risk involved.  We take on the risk and don’t charge you in the event that your claim is declined.  Brainwave Drinks could understand why we have had 100% success on all claims handled to date!

Successful Claim and Fast Payment

DataFox submitted the claim for Brainwave Drinks in early January and this was approved first time and in full by 1st February.  They were very happy with the cash back payment received from HMRC.

They felt that DataFox offered great value for money and were impressed!

Why Datafox?

  • 100% of all claims the team has handled to date have been approved first time and in full by HMRC – without challenge.

  • Over £6 million pounds has been recovered by the team for UK businesses in the last 12 months.

  • Experts in R&D tax relief

  • All industry sectors covered – specialists in each area

  • Hassle free – risk free service

  • Fast turnaround and quick payment of cashback or tax relief (average of 4-6 weeks)

  • Specialist knowledge of what qualifies as R&D, what can be claimed for and the claim process

  • Fully qualified and award winning team

  • Hundreds of satisfied customers throughout the UK

  • Four point checking process to ensure claims are correctly prepared and maximised

  • Excellent value for money service – no win no fee, no charge

Ready to apply?

If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.

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