R&D puts DC Electronics in pole position
09 Jul 2018
David Cunliffe, co-founder and Managing Director of DC Electronics has a wealth of experience in the engineering and motorsport sector, serving his apprenticeship in the RAF before moving to Nissan Motorsports Europe. During his time at Nissan, David noticed a gap in the market that resulted in the creation of DC Electronics (DCE) in 1997.
Today, DCE manufactures custom-built electrical systems for the motorsport industry, as well as offering a range of unique Electric Power Assisted Steering (EPAS) suitable for motorsport and road use. Having opened a second facility in the United States in 2012, DCE has global reach, supplying products to every genre of the sport, from national-level club competition to Formula 1, NASCAR and WEC.
The array of products on offer, and the company’s broad customer base, is testament to the hard work and devotion to quality running through everything that DCE does. It’s because of their commitment to research and development that they remain at the forefront of the motorsport sector.
Claiming under the SME scheme, DCE really feels the benefit of R&D tax credits, which they choose to reinvest into the business.
“The motorsport industry and design technology behind it has changed drastically over the years, and it’s the way we’ve evolved and continued to develop our products that keeps us ahead of our competitors. MPA’s Technical Analyst understands how we work and we can trust them to identify those areas of activity which qualify for R&D tax credits.” David Cunliffe, Managing Director at DC Electronics.
DCE prides itself on being an innovator rather than an imitator, which is an ethos supported at tax specialist company, MPA Group. If you’re innovating like DCE, get in touch with MPA Group to find out how R&D tax credits could be contributing to your business.
About MPA Group
MPA Group is a firm of tax specialists, passionate about supporting the UK’s most innovative businesses through government funding options such as R&D tax credits and Patent Box, as well as advising on business planning. They support over 700 UK businesses and have secured over £145 million in financial benefits for our clients to date. This success has come as a result of having the right mix of people who can cater specifically to the business needs of our clients.
MPA employs industry experts who really understand the technical activity undertaken by businesses across a variety of sectors and have tax experts who understand the complexities of government funding schemes. Working together, MPA guides businesses through claims processes, advising them on both current and future benefits from the government relief available to them.