HLB International
Encyclopedia
HLB International is an international network of accountancy
firms.
it is ranked 12th largest accounting network, with total worldwide revenue around US $1.7 billion. HLB is represented in over 100 countries. Between them, member firms have 1,700 partners
and 14,000 staff in 450 offices worldwide.
, Fuller Jenks Beecroft & Co, merged with Mann Judd in 1975 and then left this network to join Touche Ross, 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 2002.
HLB then invited the listed company Numerica, an accountancy consolidator, to become its UK member. 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.
In August 2010 HLB was still seeking a new member firm for the UK. Having been dependent for several years on the expansion plans of a public company
, the network aimed instead to build a federation of local partnership
s, following its model in the US and elsewhere.
In September 2010 two regional UK firms, Menzies and Hazlewoods, joined HLB from accounting network Praxity. These firms are ranked 23 and 41 of the UK's 50 largest accounting firms. Hawsons, based in the north, became the third UK member of HLB in November.
partner Rob Tautges succeeded Peter Frost as chief executive.
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...
firms.
it is ranked 12th largest accounting network, with total worldwide revenue around US $1.7 billion. HLB is represented in over 100 countries. Between them, member firms have 1,700 partners
Partner (business rank)
A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position. Originally, these businesses were set up as legal partnerships in which the partners were entitled to a share of the profits of the enterprise. The name has remained even though many of these...
and 14,000 staff in 450 offices worldwide.
History and Membership
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 (UK), Mann Judd 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. It now also explains the HLBI brand as “Helping Local Business Internationally”.United States
HLB's largest member firm is Clifton Gunderson, the 14th largest accounting firm in the US. Several other US firms are also members of the HLB network.United Kingdom
The founder firm in the United KingdomUnited Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, Fuller Jenks Beecroft & Co, merged with Mann Judd in 1975 and then left this network to join Touche Ross, 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 2002.
HLB then invited the listed company Numerica, an accountancy consolidator, to become its UK member. In 2005 Numerica, in financial difficulty, was mostly taken over by another listed consolidator, Vantis
Vantis
Vantis plc was an accountancy firm based in London, England, providing accounting, tax and business advice to owner-managed businesses, listed companies, not for profit organisations, high net worth individuals and other professionals...
, which replaced it as the UK member of HLB. At the end of June 2010, Vantis also foundered, and was broken up.
In August 2010 HLB was still seeking a new member firm for the UK. Having been dependent for several years on the expansion plans of a public company
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
, the network aimed instead to build a federation of local partnership
Partnership
A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace...
s, following its model in the US and elsewhere.
In September 2010 two regional UK firms, Menzies and Hazlewoods, joined HLB from accounting network Praxity. These firms are ranked 23 and 41 of the UK's 50 largest accounting firms. Hawsons, based in the north, became the third UK member of HLB in November.
Management
In February 2010, MinnesotaMinnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
partner Rob Tautges succeeded Peter Frost as chief executive.