DSW Capital PLC Expansion of service lines
January 25 2022 - 2:00AM
RNS Non-Regulatory
TIDMDSW
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 t wo 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/ .
For further information please contact:
DSW Capital Tel: +44 (0) 1928
James Dow, Chief Executive Officer 378 029
Nicole Burstow, Chief Financial Officer Tel: +44 (0) 1928
378 039
Shore Capital (Nominated Adviser & Sole Broker) Tel: +44 (0)20 7408
Hugh Morgan / James Thomas / John More 4090
Guy Wiehahn (Corporate Broking)
Belvedere Communications
Cat Valentine Tel: +44 (0) 7715
Keeley Clarke 769 078
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, 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.
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