General machine shop with annual sales of about $4.5M employed the services of Northbridge Consultants resulting in a successful claim for SR&ED expenses valued at $1-1.5M/yr for the last 7 years. The annual cash return of $400k and $600k/yr, has been used to maintain the latest state of the art CNC equipment. This process has allowed the company to stave off foreign competition by maintaining their technologically advanced status in an international market.
Client was advised by many other consulting services that their yearly activities would not qualify for SR&ED, as they produced ‘creative’ sculptures and custom thematic components. The engineers at North-bridge identified the companies’ commitment to the development of new processing techniques and composite materials that allowed them to maintain a strong competitive advantage. Northbridge identified, and assisted in development of these projects, leaving the client able to focus on current business while successfully receiving their entitled SR&ED cash return of $150,000.
A nationally recognized printing company had previously experienced limited success by claiming with the assistance of a consulting service. Due to this they began to question the value of such an exercise due to the large time commitment required to identify projects, research project details, write technical narratives, and assemble supporting documentation. Northbridge managed all aspects of the claim process and successfully achieved a claim return three times the size of the previous claim, in what the owner regarded as a ‘slower year’, in comparison. The owner of the company vows to retain services of Northbridge Consultants on a continual basis due to the breadth of value-added assistance he received, and the large amount of time he is now able to focus on his business.
Manufacturer of home renovation tooling with annual sales of $4M was experiencing aggressive competition from the Far East, resulting in 30% loss in sales and a non-profit position. With Northbridge, the company claimed $750k of SR&ED expenses each year, allowing for government refunds totaling over $300k/year. With the successful SR&ED claims, management decided to take on more challenging projects and increased the amount of SR&ED being claimed. This has allowed the company to not only avoid closure, but to build sales numbers and become profitable once again.
Tool & Die shop, serving the automotive industry, with annual sales of $3M. The company has suffered over the last few years due to market decline in the North American Auto industry. In order to survive, the company refocused its energy on an alternate sector. By working with Northbridge Consultants, many of the development expenses and risk costs were successfully claimed through SR&ED. The company submits SR&ED claims of more than $750k in expenses, resulting in a cash return of over $300k/yr.
Manufacturer of material handling conveyor systems with annual sales of approximately $7M was skeptical and hesitant when Northbridge Consultants first approached them. After discussing the program and Northbridge’s full service approach the company decided to go ahead with a claim. Their first SR&ED claim with Northbridge was for a 2 year period and amounted to $2.5M. The result was federal and provincial refunds totaling over $1M. The company used the cash to pay down debt and add new equipment to support continued growth. The company continues to submit successful SR&ED claims each year.
