Working with Vantage was fluent and very professional. John was very good at understanding my business and explained in detail what qualified for R&D and what didn't.Lee Hardy Team Owner
About Lee Hardy Racing Limited
Lee Hardy Racing is a professional motorcycle race team competing in a range of domestic and international championships. Primarily, they are a race winners in the British Superbike Championship but they also compete at the NW200, Isle of Man TT and the Macau GP.
Motorsport Innovation
The rules for the superbike class in both the BSB and IOM dictate that the principal components (namely the engine, air box and bike frame) must be retained from a homologated road going version. This means that almost all other components such as wheels, radiator, swing arm, fuel tank, front and rear suspension have a large degree of development freedom, providing that the original bodywork of the bike retains its shape and ‘silhouette’.
Lee says "This means that development of all aspects of the bike are required, just to remain competitive. Simply buying 'off the shelf' upgrades will not turn you into a race winning team, so we are constantly designing and trailing new components to increase the performance of the bike."
Why Vantage?
"R&D Tax Credits had been mentioned to me before through a friend of the sport. I was not aware if I could qualify as my business is quite small compared to most. Vantage were recommended to me and word of mouth recommendation means a lot to me. Working with Vantage was fluent and very professional. John was very good at understanding my business and explained in detail what qualified for R&D and what did not."
The reward
"R&D tax credits have massively helped my business to move forward. Due to the confidence I have in Vantage R&D, I can plan the R&D credits as part of my cashflow forecasting. I am always investing in my business to either help the team or ultimately improve the performance of the motorcycle. I would definitely recommend Vantage R&D simply because they are excellent at what they do!"
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"R&D tax credits have massively helped my business to move forward. Due to the confidence I have in Vantage R&D, I can plan the R&D credits as part of my cashflow forecasting.."
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"Vantage were recommended to us by another team in the Superbike paddock that we've worked with on chassis development. There was an instant synergy with the consultant, John."
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"We knew about the scheme in general terms but never considered a motorsport business might be eligible, despite our significant budget for development work.."
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"I had never heard of R&D Tax credits before, but we contacted Vantage after they were highly recommended to us. We weren't disappointed. Not with the process, the service or the results."
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"As a motorcycle race team, the business is primarily involved in road racing, but we're always working on new ways to make our bikes faster and ultimately, for the team to improve."
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"Research and development is at the heart of the business and R&D tax credits have provided valuable funding worth over £150,000 in the past two years."
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"R&D Tax Credits proved to be a big benefit to our business and really helped the team with finances to move forward and stay at the top of our game."
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"We've actually been developing since the early '80s, but we had no idea we'd been able to claim some of this spend back until we got talking to the people at Vantage. "
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“We’ve already managed to claim just over £20,000 in tax credits from HMRC in two years."
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"Working with John and the team at Vantage has been a fantastic stress-free process, which allows us to continue pushing our engineering boundaries."
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Vantage made it very straightforward for us, even going through hundreds of invoices manually to make sure every cost was correctly allocated. Nothing was too much trouble, and the levels of diligence
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