Haverhill-based tax credit adviser Fiscale to expand following move to larger premises
- Credit: Archant
Haverhill-based Research and Development (R&D) Tax Credit advisers firm Fiscale has relocated to larger premises due to strong demand for its services.
Fiscale was established in 2014 by John Mayhew and Stephen Bunting to help companies in the East of England claim back money invested in R&D activities from HM Revenue and Customs (HMRC) under the Government Research & Development Tax Credit scheme.
The company has now taken over a floor of Smithfield House in Rookwood Way, Haverhill, after outgrowing its previous offices at the Menta Business and Training Centre in the town.
Mr Mayhew, executive chairman, said: “We outgrew our offices at Menta some time ago. Not having the physical space for extra members of staff was actually constraining the company’s expansion. Our only option was to find larger premises.”
Fiscale has invested around £25,000 in renovating the 2,250 square feet of space to suit its requirements. There are two conference rooms, an open plan office for up to 22 people, two offices, a kitchen/break out room and new toilet facilities.
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Local suppliers were used wherever possible, with furniture purchased from STP and flooring from Glasswells, while Paul Trinder Building Services managed the renovations, from painting and decorating to plumbing and electricals.
Fiscale employs a team of 10 and is currently recruiting for two additional roles with three more jobs to follow by the end of the year.
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Mr Mayhew added: “There is a real need for the specialised services we offer and I believe that is what underpins our success.
“We have won over £4.1m in R&D Tax Credit relief for our clients with an average first claim value of £67,000. That’s not an insignificant injection into any company’s cashflow.”