The Lamp Room claimed £19751 R&D Tax Credit with the support of Julie Skevington of Sincero
Melanie Wood meeting with Julie of Sincero in the newly refurbished Lamp Room
Seaham restaurant, The Lamp Room, claimed £19,751 R&D Tax Credit with the support of Julie Skevington of Sincero
Owner of The Lamp Room Russ Wood and his wife Melanie first met with Sincero to discuss a loan to refurbish their bistro restaurant. Julie also advised the couple about claiming for R&D Tax Credit; this cash injection helped go towards the refurbishment and meant the business could take on a much smaller loan.
R&D Tax Credits are a Government incentive designed to reward UK companies for investing in innovation. And this restaurant is definitely pushing the boundaries of food innovation!
The Lamp Room restaurant opened its door back in 2013, overlooking the sea in Seaham, giving the perfect location for head chef Josh Palmer to serve fresh lobsters, octopus and steak, their menu is truly unique. The Lamp Room are known for quality and service and have excellent reviews on TripAdvisor and achieving ‘Three Best Rated’ fish food restaurant in Sunderland based on food, service and ambiance.
Russ said “We didn’t think creating new ways to make food would qualify as an R&D Tax Claim but Julie showed us we did. Reduced work during the Coronavirus has been difficult for most businesses and I would recommend speaking to Sincero, in a ten minute conversation you will find out if you can claim.”
As with any Limited business who innovate solutions or create something new to the market, The Lamp Room qualified for an R&D Tax claim because of the time, man power and wastage involved in solving problems.
Sincero are experts in commercial funding. They are committed to helping businesses source the very best funding for whatever a business needs, thereby saving the customer valuable time and money.
Julie commented “There’s perfection in every seam of the restaurant. The Lamp Room really cares about the whole dining experience and great care has been taken from the decor to the menu, and the friendly waiting staff help to make this place a real gem on the seafront of Seaham.”
If you would like to speak to Julie Skevington regarding business loans and R&D Tax Credits, please call on 07850 751 703 or julies@sincerltd.com