HLB International

HLB International
Network of independent firms
Industry Accountancy
Founded 1969
Headquarters Executive Office in London, UK
Products Accounting, audit, tax
Revenue $111.9 billion USD (2014)
Number of employees
 19,000
Website HLBI.com

HLB International is an international network of independent professional accounting firms and business advisors, comprising member firms in 230 countries. HLB International member firms offer audit, accounting, tax and business advisory services.

HLB International is a leading mid-tier accounting network. As of 2016 it was the 5th largest network,[1] with total worldwide revenue around US $111.9 billion.[2] HLB International is a member of the Forum of Firms.

History

The network was formed in 1969. The current name was derived from Hodgson Landau Brands, which was based on some of the early members: Hodgson Harris, founded in 1877 by Robert Hodgson (UK), Mann Judd Landau, founded in 1926 as Fred Landau & Co by Fred Landau, (US) and Brands & Wolff (Netherlands). In the course of time, these three names all disappeared through mergers, and the network shortened its name to HLB International in 1990.

Membership

HLB is represented in over 120 countries on five continents. Between them, member firms have 241,900 partners and 17,000 staff in 3600 offices worldwide.[3]

United Kingdom

The founder firm in the United Kingdom, Fuller Jenks Beecroft & Co, merged with Mann Judd in 1975 and then left this network to join Touche Ross,[4] which is now Deloitte. (In Australia and New Zealand, some firms with the name Mann Judd remain members of HLB.)

Hodgson Harris succeeded Mann Judd as the UK member, contributing the name Hodgson to HLB. By successive mergers this UK firm became Hodgson Impey, then Kidsons Impey, and was finally known as HLB Kidsons before leaving the network for Baker Tilly in London (not to be confused with Baker Tilly International) in 2002.[5][6]

HLB then invited the listed company Numerica, an accountancy consolidator, to become its UK member.[6] In 2005 Numerica, in financial difficulty, was mostly taken over by another listed consolidator, Vantis, which replaced it as the UK member of HLB. At the end of June 2010, Vantis also foundered, and was broken up.[2]

Having been dependent for several years on the expansion plans of a public company, the network instead built a federation of local partnerships by the end of 2010, following its model in the US and elsewhere.[7][8] Menzies (ranked 23rd in the UK), Hazlewoods (41st) and Lovewell Blake LLP (42nd) joined HLB from accounting network Praxity,[9][10][11][12] followed by Hawsons.[13]

Management and governance

In February 2010, Minnesota partner Rob Tautges succeeded Peter Frost as chief executive.[14]

Other managing and governing bodies are the Council, the Chairman, and the Executive Committee.

There are also several Technical Committees. The two main international committees relate to tax and audit and financial reporting.

The Executive Office is based in London.

Corporate and social responsibility

HLB Sustainability Programme

HLB member firms are committed to community outreach and "green" initiatives, based on both volunteer efforts and fundraising. Initiatives have so far been taken in various countries including Australia, Austria, Denmark, France, Germany, Japan, Spain, the United Kingdom and the United States.[15]

Women in Accounting - HLB WinA

HLB International recognises that retaining and promoting top talent can be particularly difficult where female staff members are concerned. The Women in Accounting initiative is aimed at sharing knowledge of best practice in order to assist member firms in attracting and retaining talented staff.[15]

References

  1. ↑ International Accounting Bulletin Survey, January 2015
  2. 1 2 HLB International begins search for new UK partner, Accountancy Age, 5 Jul 2010
  3. ↑ International Profile on official website
  4. ↑ Simplified family tree for the firm of Touche Ross, ICAEW
  5. ↑ Kidsons family tree, ICAEW
  6. 1 2 HLB joins Numerica, Accountancy Age, 14 Feb 2002
  7. ↑ HLB still looking for Vantis replacement, Accountancy Age, 5 August 2010
  8. ↑ HLB International to strengthen coverage in the UK, press release, 2 July 2010
  9. ↑ Menzies replaces Vantis as HLB partner, Accountancy Age, 06 Sep 2010. Retrieved 20 September 2010.
  10. ↑ HLB International announces first member of new UK Federation, HLB press release. Retrieved 20 September 2010.
  11. ↑ HLB International announces second member of new UK Federation, HLB press release, 15 September 2010. Retrieved 20 September 2010.
  12. ↑ "The Top 50 in 2010". Accountancy Age. Archived from the original on 2010-12-06. Retrieved 2010-12-06.
  13. ↑ Hawsons added to HLB International network, Accountancy Age, 4 November 2010
  14. ↑ HLB International appoints new CEO, International Accounting Bulletin, February 2010
  15. 1 2 As of HLB International's website and LinkedIn account.

External links

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