Spotlight on LettUs Grow

Bristol has become a hub for some of the UK's fasted-growing tech businesses; we are proud to act for a number of businesses in this sector, including LettUs Grow.

LettUs Grow was founded in 2015 by three Bristol University graduates, looking to utilise a unique 'aeroponic' irrigation system to tackle core issues surrounding food security, along with decreasing CO2 emissions and ecosystem collapse in the process. They have developed innovative software and hardware solutions that combine efficient aeroponic technology with data collection, automation and operational insights for the indoor farming sector.

 

We have worked with LettUs Grow to assist their fundraising, undertaking the audit of the grant claims needed to secure the relevant payments. They have been successful in raising over £4.5 million in investment and grant funding. We have also advised on beneficial tax reliefs available to the company such as R&D tax credit claims, and helped them to prepare these claims. We advised on the interaction of the grants received and their ability to claim R&D tax relief under both the SME and RDEC schemes.

RnD Tax Credits
Shares
Auditing
Reporting
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We started working with LettUs Grow in 2018, supporting the founders with tax and accounting issues, helping them meet their annual accounting and tax compliance requirements. The company has grown significantly since that time, so we now work with the company's part-time financial director, continuing to provide the annual accounting and tax compliance services but also providing advice in respect of accounting disclosures such as share based payments and income recognition.

 

If you're looking for experienced advisors who will seamlessly guide you to fulfil your company's potential, get in touch. You can also find us providing pro-bono advice as part of several incubators in the Bristol and South West region, including Future Space, Science Creates and Set Squared. We can help you with:

  • Business support services including bookkeeping, payroll, VAT, and management accounting
  • Business modelling and forecasting
  • Statutory financial reports and year end requirements
  • Corporation tax
  • R&D tax credits
  • Tax effective share incentive schemes