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Markel Tax

01 Apr 2019

Rocket Engine Inspection

Company intro: Specialists in aerospace and light industrial turbines, the company has over 30 years’ experience acting as a “one stop shop” for turbine component repair. The company offers a range of specialised component repair capabilities, delivering a fast, reliable and cost-effective alternative to new-for-old component replacement.
 
Company turnover: £ 6.5m
 
Technological advance: The advance in technology sought was the production of an improved FAIR (First Article Inspection Report) to allow for improved processes for repair, analysis and improvement of parts and performance of the RB199 Tornado Engine, in order to satisfy a major contract for the company’s biggest customer.
 
Technological uncertainties included: The most significant uncertainties pertaining to this development involved the complex nature of the engine turbine structure. Several components required a not previously seen thermal coating, which needed a unique look at the component geometry so as to ensure optimum application. The complex geometry was only further exacerbated by the nature of the high and low power turbines within the engine, further making it difficult for the company to apply changes.

As a result of the exceedingly complex nature of turbine maintenance, companies which perform it are generally unwilling to share their findings and expertise. As such, in order to create this FAIR report, the company was unable to rely on convention and were required to undergo significant development from first principals.
 
Value of claim: £ 88,702 tax saved
 

Tagged R&D tax reliefs
Next article in series

01 Apr 2019

Aerial Spray System