Biotronics

BIOTRONICS

• Biotronics 3D develops and markets innovative software applications for the diagnostic imaging industry. The company provides cutting edge software technologies to improve healthcare by better extracting diagnostic data from biomedical devices and transforming it into usable information available at the point-of-care. The use of medical images to diagnosis disease is one of the central pillars of healthcare.
• “ Without Leyton’s involvement our claim wouldn’t have been nearly as substantial. Their approach has made a fantastic difference to our business. ”
• Haralambos Hatzakis – Managing Director

Issues

Limited resources

Although we knew about the scheme, due to its complexity, we were not able to allocate resources internally to make a claim. We needed someone who understood the accounting side of the business as well as the development and technical side. Furthermore there was also scepticism as to whether or not a claim would be approved as we found it difficult to determine if our activities satisfied HMRC’s criteria.

Solution

A quick & efficient process

Once we engaged with Leyton we realised that we had a very tight deadline to process our claim or we would forfeit a large portion of the available relief. Their team of consultants were able to work quickly and efficiently in drawing up the necessary documentation and immediately understood our case with perfect clarity. Not only were they able to tell us exactly which activities qualified for the scheme but they were able to suggest additional expenditures to incorporate that we hadn’t thought of. When it was submitted we were fully confident that everything was included.

Benefits

Strong communication

Leyton’s team were very diligent in carrying out the work on our behalf. There was a lot of synchronisation required between HMRC and our accountants and it was only after the process was completed that we realised how much work had been involved on their part. This was a massive weight taken off our shoulders and Leyton’s involvement meant that we could focus on our everyday business. Moreover the report that they compiled was very detailed and comprehensive so that all parties were clear as to what could be claimed and why. We believe that this was the key factor in the swift and successful processing of our claim.

An invaluable relationship

Having seen how much more of our costs and activities were eligible than we initially thought we would definitely seek Leyton’s advice in the future. Their resourcefulness and understanding of the scheme was exceptional. The success of this claim has made a significant difference to our business and we are now able to reinvest these savings into other projects.