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You are here: Home » About Lambert Roper & Horsfield Limited » Testimonials » Wetherby Building Systems Limited

Wetherby Building Systems Limited

A decade after Wetherby Building Systems started life, the Warrington-based business is going from strength to strength. The same is also true of the company’s relationship with Lambert Roper & Horsfield.

Launched in 1998 by a team of business partners with vast experience in the trade, Wetherby specialises in manufacturing and distributing a wide range of external renders for new build and refurbishment construction projects. With climate change putting energy efficiency into sharp focus, its insulated renders are particularly popular with clients ranging from large private developers to local authorities seeking environmentally-sustainable building solutions.

As for any business, carving out a niche in a competitive marketplace can be challenging at times. Lambert Roper & Horsfield have shared Wetherby’s journey to success from the start, following a recommendation of the firm to Wetherby by a professional contact, and that’s something director Steve Smith appreciates.

He said: “We are approached by accountants all the time, offering us quotes for their services, but we’re not interested. Lambert Roper & Horsfield understand our business and understand what we’ve been through, including the trials and tribulations.

“They understand our market too and the way that it fluctuates – after all, any accountant would understand that if you made Christmas trees, you’d be busy in November and December, but our business is a bit more complex than that.”

Steve looks after the day-to-day bookkeeping and finance for the company, which has grown to a workforce of 40, with Lambert Roper & Horsfield’s Nick Frost and his team providing specialist support.

That includes supplying management accounts and dealing with wide-ranging tax matters, from corporation tax and personal tax for some of the directors to benefits and expenses returns and VAT. The firm also assists with forecasting and cash flow projections and carries out Wetherby’s annual audit.

Steve values the confidence of being able to call on Nick’s advice when specialist advice is needed – “It’s ideal knowing he’s there, as and when we need him,” he says – which is complemented by Lambert Roper & Horsfield’s proactive approach.

He cites an example from three or four years ago, when Wetherby’s directors were growing increasingly unhappy with the approach of their existing bank. Steve says: “Our bank just wasn’t interested but Nick could see where our business was going and introduced us to Lambert Roper & Horsfield’s own bank and relationship manager, whose forward-thinking approach is perfect for us. That has worked very successfully.”

Wetherby also reaped the financial rewards of a referral by Nick to a tax specialist when they moved premises around a year ago, who was able to secure them a tax rebate on fixed assets running into several thousands of pounds.

Steve sums up: “We appreciate the fact that Lambert Roper & Horsfield go a bit further than just looking at the numbers. They do what they’re good at – and that helps us to do what we’re good at.”

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

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Latest News

Only a few days are left to submit applications for the third SEISS grant

January 22nd, 2021

Any applications for the latest round of the Self Employment Income Support Scheme (SEISS) must be submitted by the deadline on 29 January 2021.

This grant offers a taxable support payment equal to 80 per cent of the average of three months’ trading profits (up to a maximum of £7,500) to eligible individuals.

If you believe that you are eligible for this grant, you should apply immediately.

Many of those who have previously used the scheme may still be eligible, as long as they are a self-employed individual or a member of a partnership, have trading profits of no more than £50,000 per year and meet the following criteria:

You must have traded in both tax years:

  • 2018/2019 and submitted your Self-Assessment tax return on or before 23 April 2020 for that year
  • 2019/2020.

You must also either:

  • Be currently trading but are impacted by reduced demand due to Coronavirus; or
  • Have been trading but are temporarily unable to do so due to Coronavirus.

You must also declare that:

  • You intend to continue trading; and
  • You reasonably believe there will be a significant reduction in your trading profits.

Further clarification on what constitutes reduced demand or a significant reduction in trading profits can be found on the GOV.UK website here.

You cannot claim the grant if you trade through a limited company as a director or you operate through a trust.

To confirm your eligibility and to make an application, please use the link below:

Click here to apply for the SEISS grant

Those who have used the scheme previously or intend to apply for the latest grant should be aware that all SEISS grants are taxable in the 2020/21 tax year.

This means that no element of the SEISS grants should be reported on a 2019/20 Self-Assessment tax return, which should be filed by 31 January 2021.

Funding via a fourth grant should be available soon, which will cover the period from February to April 2021. The details of this fourth grant, including its launch date and the amount of financial support available through it, are yet to be confirmed.

Claims for the SEISS have to made by the taxpayer themselves and cannot be made by agents, such as accountants.

However, if you need support preparing a claim for the SEISS, we can assist you.

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