INDUSTRY NEWS
Have you invested in component cleaning machines? There’s now less than a year to take advantage of Rishi Sunak’s “superdeduction” policy. Graham Fraser, MD of Fraser Technologies, discusses why now is the right time to invest in equipment. Announced in March 2021, the “superdeduction” policy allows companies to claim 130% capital allowances on plant machinery investment. For those who are unfamiliar with the policy, businesses are able to deduct 130% of an initial investment when computing taxable profits between April 2021 and March 2023. This means that, for every pound a company invests under the super-deduction, their taxes are cut by up to 25p. It may not have been front-page news but it can make a huge difference to your business. Previously, special rate (including long life assets) qualified for a 6% special rate writing down allowance. Now with the super-deduction policy, there is a 50% first-year allowance for the same assets. Combined, these new policies are a great reason for your business to make further investments and super charge your planned investment journey. Plus, as energy bills continue to soar, a simple switch can have a significant impact on energy usage, without affecting
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cleanliness levels. In many cases, reconsidering cleaning solutions can deliver higher quality results, while also minimising time, cost, and your environmental impact. Using the super deduction policy to explore our range of component cleaning technology is a financial investment that benefits both your balance sheet and your carbon impact. Fraser Technologies’ solvent cleaning systems are not only cost-effective but an environmentally friendly solution for your precision cleaning needs.
Why Fraser Technologies? Fraser Technologies has been supplying equipment and chemical solutions to the UK manufacturing industries for almost 50 years. Our partnership with global leaders in precision cleaning equipment means we’re able to supply our clients with the latest range of aqueous and solvent cleaning systems and component cleaning machines. Our solvent cleaning systems offer an environmentally friendly and cost-effective solution to your precision cleaning needs. We’re proud to be able to supply the UK with the latest range of solvent cleaning systems. A key advantage of our solvent equipment is the auto-sealing compression lid which, along with the unique vapour control system, increases solvent retention. We are able to offer standard, single and multi-stage
systems with semi or full automation to fully bespoke options. This reduces costs and emissions significantly, enabling you to be confident in a superior cleaning product that is friendly to your balance sheet and the environment. We also offer a diverse range of aqueous component cleaning systems. From single, multi-stage and fully automated aqueous ultrasonic systems, which feature unique swept-wave ultrasonics, as well as single chamber, multi-stage spray wash units, we will find a system that meets your exact application requirements. We use our expertise to assess your individual business needs and work with you to select a component cleaning machine, or a solvent or aqueous cleaning system which will suit your business and make the most of this policy. Not only are our products industry leading but our customer care packages will ensure that we can support you through your purchase. Businesses will only be able to claim super deduction for qualifying expenditures incurred between April 2021 and March 2023, so make sure you don’t miss out! For more information about the products we offer and how we can meet your business needs with regards to the super deduction policy, get in touch at sales@frasertech.co.uk.
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