Signbox uses R&D tax credit incentive scheme to help launch is eshop

Signbox’s new eshop has gone live, offering off-the-shelf sign and display solutions.

“We’re known for our bespoke, high-end graphic interior and external signage solutions,” said MD Mark Bartlett, “but we also supply simple off-the-shelf signage for a variety of business sectors and we have been working for some time on a solution to streamline that offering and make it as accessible and efficient as possible. “As any business owner knows, the two great challenges with getting a project like this off the ground are time and money. Key to finding the finances for the project was an R&D tax credit incentive scheme that we were made aware of through our association with Fespa. There is explicit regulation within UK company tax law designed to ease the tax burden on businesses that are investing heavily in R&D, and two years ago we decided to explore this as an avenue to find the necessary funds to grow and adapt our business. Like any tax regulation it is a highly complex process, so we were grateful for the assistance of Kene and Partners whose services we employed to walk us through this regulatory minefield and help us to maximise our business growth opportunities. “With Adam Kene and his team’s help, over the course of the last two years, we’ve managed to save a six-figure sum off our corporation tax bill which we have been able to invest back into the business: training and up-skilling staff, purchasing a new Zund precision cutting device to automate production, a new Trotec laser and of course investing in the digital infrastructure which has made our attractive fresh, user-friendly eshop a reality.”