Lucy Cohen is the Co-founder of Mazuma – the UK’s first subscription-based accountancy service. Founding the company in 2006 at the age of 23, Lucy spotted a gap in the market for low cost, hassle-free accountancy services.
Mazuma was created drawing on Lucy’s childhood experiences of seeing the stress and anxiety that tax can cause for people. Growing up in a family of self-employed creatives she noticed that they were fantastic at what they did, but not so great with the tax and accounts side of their businesses. Spotting a gap in the market for low cost, subscription-based accountancy services, Mazuma was born.
She created an unconventional business model in a traditional service industry and has been at the forefront of revolution in the accountancy industry ever since.
Since 2006 the company has become one of the largest providers of small business accountancy services in the UK and in 2011 Mazuma was launched in the USA. Now the Mazuma brand services clients all across the UK and USA and Lucy remains committed to and passionate about innovation and technology within the service business sector.
She loves small and micro businesses and strives to be ahead of the curve in an industry that has historically been resistant to change.
Lucy’s role in Mazuma is to lead the company forward through innovation, marketing and business development.
With over 13 years at Mazuma, and 17 years in total in the accountancy industry, Lucy is widely recognised as an industry expert and regularly called upon to contribute to trade publications and industry discussions. Her debut book, The Millennial Renaissance was released in 2017 and met with acclaim. She is a columnist for Accounting Web.
Lucy is proud to have been shortlisted for Director of the year (Innovation) by the Wales Institute of Directors in 2019 and to have been crowned Disruptor of the Year at the GBEA Wales Region in 2019.
In her spare time she is involved in the sport of Powerlifting. Lucy has competed in powerlifting internationally for both Wales and Great Britain and nowadays sits on the board of the Welsh Powerlifting Association along with coaching the Welsh Powerlifting team.
Lucy has been a volunteer for the Princes Trust since 2011 where she mentors and coaches start-up businesses.