London Stock Exchange welcomes DSW Capital plc to AIM
The London Stock Exchange today welcomes DSW Capital, a profitable, fast growing, mid-market, challenger professional services network. The Company has successfully raised £5 million through a placing, giving it a £21.4 million market capitalisation. The majority of the net proceeds of the Placing will be used to fund geographical and service line expansion and drive the recruitment strategy with £0.8m being used to pay down the Group’s outstanding bank debt
DSW Capital, which owns the Dow Schofield Watts brand, has 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 currently operates licensing arrangements with 19 licensee businesses with 82 fee earners across six 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.