Showing posts with label patent. Show all posts
Showing posts with label patent. Show all posts

Friday, December 20, 2019

News: Gala Tent tightens grip on industry

By

Rotherham-based Gala Tent has acquired an important patent which relates to the fixings used on its marquees and gazebos.

Founded in 1999, Gala Tent is one of the UK's leading producers of marquees, tents and gazebos. It has grown to sell over 15,000 tents and marquees each year, along with around 100,000 event accessories and furniture products. It grew from a table top operation in Grimethorpe to a company with a turnover of £10m having moved into new 53,000 sq ft headquarters at Fairfield Park in Manvers in 2011.

The patent relates to the manufacture and use of new type of fixing known as Spirotite. This type of fastener has all the advantages of threaded fasteners – without the disadvantages of the thread. Whereas thread can work loose under vibration and makes maintenance difficult and sometimes costly, this innovative fastener works on compression, so it is not affected by vibration, and will not work loose.

Spirotite fittings are seen as safer and more secure than traditional threaded fittings and offer a faster set up and lower maintenance of a product. It is also much more effective than a traditional nut and bolt system, which is less secure, less durable and can easily become loose. Due to the faster production process, Spirotite fasteners are also lower cost to produce, so are more affordable for the end user.

Advertisement

Jason Mace, group CEO at Gala Tent (pictured, right), said: "We are really excited about this innovation, which is suitable for a wide range of applications, from automotive to tool manufacturing to engineering. As well as being an extremely effective and user-friendly product, Spirotite is produced to the highest quality standards here in the UK.

"The grant of these key patents strengthens Gala Tent's position as a consolidator of IP in this space and provides our customers with access to a wider range of opportunities and potential development of further applications."

Mark Thompson, CEO at Gala Tent (pictured, left), added: "We have developed an innovative fastener that is set to revolutionise the way fasteners are used in industry.

"The idea for Spirotite was originally developed for Gala Tent for its marquee joint and it means that all the company's structures are easier and safer to erect. The fixing can also be scaled for the larger commercial modular structures, which will also enhance the security of the marquee, and speeding up the erection time in the process."

Gala Tent website

Images: Gala Tent

Read more...

Thursday, March 28, 2013

News: Rotherham firms see inside the Patent Box

By

Enterprising Rotherham firms have been taking advice on how they can develop innovative new products and save on their tax bills at the same time.

A recent seminar at RiDO's Moorgate Crofts Business Centre focused on The Patent Box - the Government's new regime of tax relief on company profits from patented products, which is set to be introduced in April 2013. Companies that choose to develop products with a patent will be eligible for tax relief of up to 60 per cent in the tax year 2013-2014, increasing up to 100% relief in four years' time.

The seminar was a collaboration between Atkinson & Co patent attorneys, based in Rotherham, Hart Shaw Chartered Accountants of Sheffield, RiDO's ERDF-funded Growth and Prosperity in Rotherham (Soft Landing Zone) and UKTI (UK Trade & Investment).

Steve Vickers, Tax Partner at Hart Shaw Chartered Accountants and Business Advisers, explained how HMRC is introducing a reduced level of corporation tax – down to 10% – on profits attributed to patents and other types of intellectual property. As the Patent Box applies to worldwide income from existing and new patents, it opens up the opportunity for local businesses to export into overseas markets.

Steve discussed how SME companies can take advantage of this new tax relief on patents. This includes navigating the complexities of the Patent Box and how to calculate the tax saving.

Steve Vickers said: "The Patent Box is a great incentive for businesses to invest in developing patents on a national and international basis, whilst recouping the corporation tax benefits. It is good news for businesses locally looking to work on more of an international level."

Ralph Atkinson, European Patent Attorney at Atkinson & Company Patent in Rotherham, explained the legal considerations regarding patents and how it will have positive commercial implications.

Ralph Atkinson said: "It is a great time to take advantage of the Patent Box, but essential for companies to make sure they have the proper legal protection in place from the outset, when targeting both domestic and international markets."

Amanda Parris, Business Development Manager for RiDO, added: "This was a very well attended seminar and was a chance for delegates to ask questions directly of experts in their field. There are some really exciting opportunities for companies within our local area to take advantage of the Patent Box, both in the UK and overseas and there is all the support available to help them do this."

Nathasha Leach, International Trade Adviser at UKTI, discussed the support for companies that are looking to export, which is available through UKTI. Martyn Benson, the business co-ordinator from RiDO, explained how the Growth and Prosperity in Rotherham – Soft Landing Zone – works, offering support to Rotherham companies with accessing international markets and helping foreign inward investors who choose to locate to RiDO's business centres.

RiDO website
Hart Shaw website
Atkinson & Co. website

Images: RiDO

Read more...
Members:
Supported by:
More news...

  © Blogger template Newspaper III by Ourblogtemplates.com 2008

Back to TOP