REG - DSW Capital PLC - Appointment of COO and Interim CFO

DSW CapitalAnnouncement

02/04/2024 07:00

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RNS Number : 7604I  DSW Capital PLC  02 April 2024

 

2 April 2024

DSW CAPITAL PLC

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

(AIM: DSW)

 

Appointment of COO and Interim CFO

 

DSW Capital, a profitable, mid-market, challenger professional services
licence network and owner of the Dow Schofield Watts brand, is pleased to
announce that it has today appointed Peter Fendall ("Pete") to the Board as
Chief Operating Officer.

 

Pete joined DSW Capital in September 2021 to help facilitate the IPO and is
currently the Business Development & Operations Director and Company
Secretary. He has led several initiatives to enhance the Group's unique
licensee platform model and actively engages with licensees to help them
identify ways in which DSW can add value and support their growth ambitions.
His most recent projects include the development of the Group's ESG strategy
and recruiting new teams and individuals into the DSW Network.

 

Pete will continue to oversee IT, Recruitment, Facilities Management,
Compliance and People Development in his new role as COO, whilst also
supporting on Marketing, Investor Relations and stakeholder engagement.

 

The Board is also pleased to announce that Pete will be appointed to the role
of Interim CFO on 17 May 2024, when Nicole Burstow, Deputy CEO and CFO, leaves
the business. Pete qualified as a Chartered Accountant at Deloitte in 2017,
and spent eight years at Deloitte in their NW Audit team, working on large and
complex audit engagements. He was also an active member of the Deloitte NW
Assurance team, delivering Accounting Advisory and Reporting Accountant
projects.

 

 

James Dow, Chief Executive Officer said:

 

"Pete has been a key member of the senior management team since IPO, working
closely with the directors to grow and expand the DSW Network. I am delighted
to formally welcome him to the Board, as COO. He has already demonstrated the
significant people and operational skills needed to fulfil this role and I am
confident he will add even more value in his new areas of responsibility.

 

"I am also delighted to announce his future appointment as Interim CFO, having
been heavily involved in the finance function since he joined.  By stepping
into this role, Pete will ensure stability and consistency in the finance
team, while we conclude a board structure review and the recruitment process
to find Nicole's replacement."

 

Further information relating to Peter James Fendall Amaro

 

The following information regarding the appointment of Peter James Fendall
Amaro, aged 32, is disclosed under Schedule 2(g) of the AIM Rules for
Companies:

 

Current directorships and/or partnerships:

·  None

 

Former directorships and/or partnerships (within the last five years):

·  None

 

There is no further information to be disclosed in relation to the director
appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM
Rules.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

Enquiries:

 

 DSW Capital

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

 Nicole Burstow, Deputy CEO                       Tel: +44 (0) 1928 378 039

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

 James Thomas / Mark Percy / Rachel Goldstein

 Guy Wiehahn / Isobel Jones (Corporate Broking)

 Belvedere Communications

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

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

                                                  dsw@belvederepr.com

 

Notes to Editors 

 

About DSW Capital

 

DSW Capital, owner of the Dow Schofield Watts brand, is a profitable,
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 operates
licensing arrangements with 25 licensee businesses with 107 fee earners,
twelve offices across the UK. 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.

 

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