RCS - DSW Capital PLC - Expansion of service lines

DSW CapitalAnnouncement

25/01/2022 07:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220125:nRSY3877Za&default-theme=true

RNS Number : 3877Z  DSW Capital PLC  25 January 2022

Reach

 

25 January 2022

 

DSW CAPITAL PLC

("DSW Capital" or "DSW" or the "Group")

 

Service line expansion with addition of two Asset-Based Lending Specialists

 

DSW Capital, a profitable, fast growing, mid-market, challenger professional
services network, is pleased to announce that, in line with the Group's stated
growth strategy, it has expanded its service lines with the addition of two
leading asset-based lending ("ABL") specialists, providing due diligence and
risk management services for ABL clients.

 

Hazel Lomas and Martin Ellison have over 60 years' experience between them,
during which time they have worked with most of the major names in the ABL
industry.

 

The new business, titled DSW ABL Risk Management, is based at DSW's Daresbury
office. The focus of the business is to provide asset-based lenders with
specialist due diligence and risk management services across multi-asset
classes to support their lending decisions and ongoing support and advice to
advisers, investors and their portfolio companies.

 

James Dow, CEO of DSW Capital said:

 

"We are delighted to announce the addition of a new service line to DSW
Capital, so soon after the Group's successful IPO in December last year, and
welcome Hazel and Martin to the DSW Network.

 

"Expansion of service lines is a key element of the Group's growth strategy.
We are continuing to seek to add complementary service lines to support our
clients, as we are unrestricted as a non-audit firm. Specialist expertise
areas, such as ABL due diligence, are of particular interest and focus.

 

"Attracting entrepreneurial specialists, like Hazel and Martin, who want the
autonomy which comes from running their own business, is key to our growth
plans and we see material growth opportunities for our licence fee model and
platform in these significant non-audit markets."

 

Details of the Group's growth strategy are available in the Admission
Document, published on 13 December 2021, via https://dswcapital.com/investors/
(https://dswcapital.com/investors/) .

 

For further information please contact:

 

 DSW Capital

 James Dow, Chief Executive Officer                   Tel: +44 (0) 1928 378 029

 Nicole Burstow, Chief Financial Officer              Tel: +44 (0) 1928 378 039

 Shore Capital (Nominated Adviser & Sole Broker)      Tel: +44 (0)20 7408 4090

 Hugh Morgan / James Thomas / John More

 Guy Wiehahn (Corporate Broking)

 Belvedere Communications

 Cat Valentine                                        Tel: +44 (0) 7715 769 078

 Keeley Clarke                                        Tel: +44 (0) 7967 816 525

                                                      dsw@belvederepr.com (mailto:dsw@belvederepr.com)

 

Notes to Editors 

 

About DSW Capital

 

DSW Capital, owner of the Dow Schofield Watts brand, is a profitable, fast
growing, mid-market, challenger professional services network with a cash
generative business model and scalable platform for growth. Originally
established in 2002, by three KPMG alumni, DSW is one of the first platform
models disrupting the traditional model of accounting professional services
firms. DSW now operates licensing arrangements with 20 licensee businesses
with 84 fee earners ("FEs"), across seven offices in England and one in
Scotland. These trade primarily under the Dow Schofield Watts brand.

 

DSW's vision is for the DSW Network to become the most sought-after
destination for ambitious, entrepreneurial professionals to start and develop
their own businesses. Through a licensing model, DSW gives professionals the
autonomy and flexibility to fulfil their potential. Being part of the DSW
Network brings support benefits in recruitment, funding and infrastructure.
DSW's challenger model attracts experienced, senior professionals,
predominantly with a "Big 4" accounting firm background, who want to launch
their own businesses and recognise the value of the Dow Schofield Watts brand
and the synergies which come from being part of the DSW Network.

 

DSW aims to scale its agile model through organic growth, geographical
expansion, additional service lines and investing in "Break Outs" (existing
teams in larger firms). The Directors are targeting high margin,
complementary, niche service lines with a strong synergistic fit with the
existing DSW Network.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUSRARUKUAUAR