Bangor company gains 'Momentum' after 'strong' year of results
26.10.17 Article Taken the Irish News Online
Research and Development tax credit specialist company, the Momentum Group, has expanded its operations with a £200,000 investment.
The Bangor-based company has experienced strong results, with overall turnover up 146 per cent in the last 12 months and up 700 per cent over the past two years.
This has been fuelled by a number of new contract wins from companies in diverse sectors including manufacturing and engineering, construction and technology.
Despite punching well above its weight in leading innovation, Northern Ireland is one of the lowest claiming regions in the UK for R&D tax credits, according to Momentum managing director and founder, Tom Verner.
"Over the past few years, Momentum has gained significant credibility within the marketplace," he said. "New contracts with well-known companies and successes with existing clients have contributed to another strong year of trading.
"This in turn has led to us making a significant investment in new, specialist staff and top-of- the-range office space."
To find out more about R&D Tax Credits contact Momentum on 028 9140 4030 or send an email to firstname.lastname@example.org