Hazelwoods

Background Summary

This accountancy firm has been based in Cheltenham for over 100 years, with a long history of advising local businesses of all sizes from start-ups through to corporate organisations. Currently, Hazlewoods employs over 520 members of staff across three locations in Gloucestershire. 

As part of its efforts to support its local community, Hazlewoods work alongside the Gloucestershire Growth Hub, a government-led organisation that encourages an improvement in growth and wealth in the county’s business community. The hub provides support to over 2,500 local businesses at various stages of their development.

Furthermore, Hazlewoods is a partner of HLB International, a global network of independent professional accounting firms and business advisers. Founded in 1969, HLB now has 2,195 partners and 32,000 staff in 159 offices around the world. In the past year, the group generated around 3.28bn in revenue among all of its affiliate partners.

Hazlewoods provides a variety of services, ranging from offering business advice to accountancy work. Among the firm’s accounting services are financial reporting, audit and assurance work, financial planning and accountancy solutions.

In terms of business-related services, Hazlewoods offers business recovery and insolvency advice to clients, payroll solutions, management information. 

Financials

In its financial results for the year ended 30 April 2023, Hazlewoods posted an annual turnover of £34m, which was in line with the previous year. The company also posted an operating profit of £14m.

Recent Coverage

Recently, Hazlewoods advised on the successful £18.1m management buyout of Smart Numbers Ltd by YFM Equity Partners. The YFM backed buyout secured the future of this fast-growing Southampton-based communications company.

Initially, the company provided small business owners with trackable inbound phone numbers that could be placed in advertising. Smart Numbers has since evolved into an Ofcom-registered telecoms reseller and Google Partnered digital marketing business.