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Emergent Crown


Emergent Crown may not be a household name to most of us, but the company is a major player in the world of office furniture. Across the UK, its desks, chairs and storage units can be found in thousands of offices, including medical centres and police stations.

The business can trace its history back to 1945, when metal and woodworking specialists Ernest Gill and Son began life in the village of Northowram, near Halifax. Emergent Crown itself was formed in 1988 in a collaboration between The Crown Suppliers (TCS), a government body supplying office furniture to the public sector, and Ernest Gill, to offer TCS goods and services to the private sector. Today clients include leading purchasing organisations, acting on behalf of consortia of Police Authorities, Health Authorities and Universities.

The two Halifax-based companies, which employ a total of around 80 people and have a combined turnover of several million pounds, are still family-run. That continuity also applies to their relationship with Lambert Roper & Horsfield.

Philip Gill joined Emergent Crown in 1988 and for as long as he can remember, the accountancy firm has been part of the business, dating back to the days when he recalls his father, Ronald, working with Keith Roper, father of David Roper, who deals with their affairs today.

With the day-to-day finances handled in-house, it is for expert advice and support on issues including accounts, audit and tax that Emergent Crown and Ernest Gill turn to Lambert Roper & Horsfield. Philip says: “We speak regularly, probably on a monthly basis, and there is always something to discuss or refine.

“For example, our accounting system is part of an integrated package based on manufacturing software, which also deals with issues like stock control. As a result, we can get variations that need a degree of interpretation and we will use David’s expertise to ensure that the information we have extracted is correct.”

David’s specialist knowledge is also useful in technical areas. For example, following a substantial investment of hundreds of thousands of pounds in a new piece of equipment, he will advise on setting cost recovery rates for the machine as well as its depreciation and overheads rates.

Lambert Roper & Horsfield’s advice is also called on when new business opportunities are under consideration. A few years ago, Emergent Crown was considering the acquisition of a competitor firm and although the company eventually decided not to proceed, David’s support was in the process was valuable.

Philip says: “Working with Lambert Roper & Horsfield means we benefit from the personal touch. They have an in-depth knowledge of our companies and the unique set of circumstances that make us different from the next business.”

To find out more about how we can help you, please contact LRH accountants in Halifax.

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Is 2025 your year to incorporate? Here are our top tips

January 16th, 2025

Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared to 2023. More entrepreneurs are recognising the benefits of limited companies.

The advantages of limited companies include limited personal liability, mitigated taxation and greater exposure to investment opportunities.

To help you start your journey towards limited company status, here are our top tips:

Research

Taking the first steps towards incorporation should not be taken lightly. Whilst it limits liability if things go wrong, it does come with some strict compliance requirements in regard to regular reporting to Companies House, which you need to prepare for.

Paying yourself

As a director, you can pay yourself via salary, dividends, or both to maximise your take-home pay.

The most efficient approach is often to pay yourself a lower salary, so you are not liable for Income Tax or National Insurance Contributions (NICs), but still contribute enough towards your state pension, and take the rest as dividends, which is subject to a lower tax rate.

Be aware that it may not always be possible to pay a dividend if your profits aren’t sufficient.

Structuring your company

When considering the distribution and management of share rights in a limited company, several key aspects must be carefully planned and managed. You will need to define how dividends are paid, voting rights and share structure.

At this stage, you may also need to discuss a future exit, including transfer, drag-along and tag-along rights.

As part of this process, you will need to address how the shares and shareholder rights align with the company’s Articles of Association.

Open a business bank account

Open a separate bank account for your business as soon as possible. Some founders make the mistake of thinking they can mix personal and business finances at the beginning, but it makes applying for reliefs and paying taxes more complicated as you have to declare what each transaction is for and when it was made.

Treat your business like a separate entity (because it is)

If you plan to inject personal funds into your company or take money out, do it properly through a Director’s Loan Account.

Make sure to detail each transaction going in and out of the business and never take out excessive amounts of money, as this can attract attention from HM Revenue & Customs (HMRC) and lead to fines.

If you are considering incorporation, you should seek professional advice and ongoing support to reduce the potential for errors and non-compliance with Companies House regulations.

Ready to take the next step? Contact us today for expert advice on incorporating your business.

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