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/.

For further information please contact:

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.