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Forvis Mazars

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Mazars
Company typeSociété cooperative à responsabilité limitée, based in Belgium
IndustryProfessional services
FoundedRouen, France (1940)
HeadquartersParis, France
Key people
Patrick de Cambourg, Current CEO
ServicesAudit
Chartered Accountant
Consulting
Taxation
Corporate Finance
Financial advisory
Legal
RevenueIncrease€767 millions euro (2008)
Number of employees
10,500 (2008)
Websitewww.mazars.com

Mazars is an international accounting and audit firm, with its head office based in France.

Mazars employs 10,500 professional workers in 50 different countries in 2008[1]. Additionally Mazars has a network of correspondent partners and joint ventures in a further 12 countries. Mazars is also a member of the Praxity alliance which brings together 24,000 professionals in 72 countries with a global turnover of over 2,3 bn euros ($ 3.2 bn) for 2008.

Mazars is ranked as the fifth largest accountancy firm in Europe. Mazars operates as a single entity as a fully integrated partnership. This is still unusual for an accounting firm, and as such Mazars is the largest integrated partnership in the world. Some of the Big Four firms are moving towards a fully integrated structure, which may eventually mean they are larger.

In 2008, the global revenue of Mazars is of € 767 million euro.

History : France

The original Mazars firm was formed in Rouen, Normandy in France in 1940, by Robert Mazars. Mazars stayed a local firm until 1980s when the new CEO Patrick de Cambourg started to internationalize the firm growing the business from 33 employees in 1977 to the global firm of today.

Mazars merged with accounting firm "Guérard Viala" to form "Mazars & Guérard" in 1995.

United Kingdom

On 1 September 1998 "Mazars & Guerard" merged with the British accountancy firm "Neville Russell" and traded, in the UK, for a number of years as "Mazars Neville Russell". In 2002, "Mazars Neville Russell", as well as its counterpart firms across Europe, changed the name to become simply Mazars. Mazars currently employs 1,000 people in 18 offices[2] in the UK and turnover is around €100m.[3]

In April 2007 Mazars merged with the London office of MRI Moores Rowland which will create a firm with turnover in the UK exceeding £90million. [4]

Mazars, prior to the MRI Moores Rowland merger, was listed as the 14th largest accountancy firm in the UK with about £65 millions fee income[5], however following the merger and with the merger between Grant Thornton and RSM Robson Rhodes in the summer of 2007, Mazars was listed as 12th[6] with an estimated fee income of £90.3m.

"Neville Russell" was founded in 1900 by Charles Neville Russell to work principally with the insurance sector of the economy. Neville Russell developed a reputation in London of being specialists in this area.

Mazars is a keen advocate of a more open audit market and notably of joint audit.


Netherlands

In 2000 Mazars integrated "Paardekooper Hoffman" (of the Netherlands), which employed 800 people. In the Dutch audit market Mazars ranks as the sixth largest firm and contributes more than 15% of the total global turnover.

Jan Paardekooper founded "Paardekooper & Hoffman" in 1927. The firm worked with large clients involved in the maritime and harbour businesses of Rotterdam.

Germany

In April, 2007 Mazars and RSM Hemmelrath announced their merger which united about 400 professionals and €50 millions of turnover in the German market. Today (2008), MAZARS Hemmelrath has eight offices in German metropolitan areas offering a range of audit, tax, and legal consulting services.[7][8]

Turkey

Mazars Denge was founded by two partners as Denge Denetim YMM A.S. in 1977. Today Mazars Turkey operates in six offices Istanbul (3 offices), Ankara, Izmir and Bursa with more than 200 persons workforce.


Mazars Turkey, is among the top 5 Audit & Accounting firms in Turkey and serve a portfolio of more than 500 clients in various sectors from which 50% are foreign companies with 19 partners.

Mazars Turkey Won The Tax Firm Of The Year Award in 2008 [9]

Management

References

  1. ^ details of employees and countries
  2. ^ Detail of UK offices
  3. ^ Mazars expansion
  4. ^ Announcement of merger with MRI Moores Rowland/
  5. ^ Top50 Accounting firms in the UK 2006
  6. ^ http://www.accountancyage.com/resource/top50%7CSummer 2007 Top 50 UK accounting firms
  7. ^ [1]
  8. ^ [2]
  9. ^ [3]
  1. History of Mazars
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