REACH

4 October 2023

DSW CAPITAL PLC

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

(AIM: DSW)

DSW adds a further new geographic location

DSW Capital, a profitable, mid-market, challenger professional services licence network and owner of the Dow Schofield Watts brand, is pleased to announce that has expanded its presence into a new geographical area with the launch of a new corporate finance team based in Cardiff. The addition takes the total licensees to 25, Fee Earners to 106 and its total offices to 11.

The new team will be led by Koo Aseeley and Michael Dunn and will support businesses across Wales and the South West.

James Dow, CEO of DSW Capital, said:  

"We are pleased to welcome Koo and Mike to the DSW network. Their arrival gives Dow Schofield Watts a presence in Wales for the first time and comes hot on the heels of our launch of a new corporate finance team in the East Midlands.

"Dow Schofield Watts is offering a highly attractive alternative career path to traditional accountancy firms by enabling professionals to run their own business as part of the network and the addition of these two quality teams further strengthens our reputation as a leading force in corporate finance in the UK."

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 106 fee earners, across 11 offices in the UK. These trade primarily under the Dow Schofield Watts brand. It also operates Pandea Global M&A, an international corporate finance network covering 33 different countries.

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.