Jumpstart sees leap in orders

By SCOTT REID
Published on 05/08/2012 00:00

TAX credit specialist Jumpstart is winning orders at the rate of more than £1.2 million a month, putting it on track for a ten-fold rise in turnover.

The Edinburgh-based firm has also recruited 20 business analysts in the past fortnight, adding to its team of 24 as it grows its UK footprint.

Managing director Brian Williamson said he expected to see the monthly new order rate double from £1.25m to some £2.5m by early 2013.

The firm – which has won clients including BrewDog, Clyde Blowers and Lees Foods – expects to be turning over £30m by 2014, a ten-fold increase in two and a half years.

Jumpstart specialises in presenting “detailed, accurate and compliant” research 
and development (R&D) tax credit submissions to HM Revenue & Customs. Fees are based on results, with the firm claiming a success rate of “almost 99 per cent”.

Williamson estimates the company has a 40 per cent slice of the Scottish market for R&D tax credit claims and just below 6 per cent of a UK market that is worth almost £90m but growing at about 30 per cent a year.

“We are gaining this new business because of our extraordinary success rate in R&D tax credit submissions to HMRC – significantly boosting the bottom line of companies across the UK,” added Williamson.

Recently the firm has forged “strategic” alliances with accountancy firm Campbell Dallas, legal practice Harper Macleod and advisory network Peak Performance.