One of the country’s leading CCTV installation and maintenance companies.
About the company
Videcom Security Ltd is one of the country’s leading CCTV installation and maintenance companies. The company supplies and installs a wide range of audio door and electronic access control systems to control access through a single door or multiple doors, multiple sites, vehicle barriers, gates and turnstiles. The company’s product ranges include conventional hard wired systems, as well as dedicated network based IP products working over TCIP networks. To find out more about VideCom Security Ltd, visit www.videcom.co.uk.
The Challenge & Solution
In addition to manufacturing CCTV hardware, the company undertakes substantial Software Development, which enables it to provide an ever increasing diversity of product.
We worked with the company director and the senior technical staff to understand the nature of the technological uncertainties and to identify the R&D projects. We established that the company’s developments represented advances in the capability of technology to deliver solutions to address their customers’ needs, where no existing alternative was available.
We then set about reviewing the qualifying expenditure which, in this case, included employee staffing costs, consumable supplies and subcontracted R&D activities. We prepared a formal claim, which was submitted to HMRC and accepted without query.
We have now submitted two R&D claims to HMRC for Videcom Security Ltd, and the company has received R&D tax credit repayments in excess of £51,000.
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