Understanding Numis Securities' innovative systems helps secure substantial R&D tax relief
“Our innovative systems help to set Numis apart from the crowd and enable us to offer unique services to our clients. Whilst we view this development as an essential part of our day to day operations, Ayming UK are able to understand the advances we have made in the terms of HMRC’s R&D Tax Relief scheme. As a result we have been able to secure significant financial benefits in the form of tax relief”
- Simon Bailey, Head of IT & Operations, Numis
Numis has worked on several software development projects, to support the improvement to its trading and trade support software.
Innovations were found across numerous projects within our client's portfolio, including:
Identifying & Claiming Eligible R&D Tax Benefits
Compliance monitoring tools, enabling the automation of specific regulatory monitoring tasks e.g detection of suspicious transactions and prevention of market abuse in line with FCA guidelines.
Trading tools assisting with the particular challenges of order execution via ‘lit’ and ‘dark pools’.
A bespoke technology solution helping Numis maintain competitiveness in the RSP market.
A bespoke CRM system helping to optimise communications within the Numis team.
An automated decision making system harnessing the combined trading and research knowledge in the Company.
And How We Helped...
The Ayming UK R&D tax team successfully compiled and submitted four claims for Numis Securities, identifying:
2011: £364,761 of eligible R&D
2012: £205,924 of eligible R&D
2013: £222,020 of eligible R&D
2014: £304,460 of eligible R&D
Numis Securities is a leading independent investment banking and institutional stock-broking business. They provide a full range of research, execution, corporate broking and corporate finance services.