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DSW Capital (DSW)

DSW Capital (DSW) Half Year results presentation - November 2024

02 December 2024

DSW Capital CEO, James Dow, CEO Designate, Shru Morris and CFO & COO, Pete Fendall present the group’s results for the six-month period ended 30 September 2024, followed by Q&A.

James Dow, CEO
00:16 – Introduction
01:39 – H1 FY25 highlights
03:15 – The DSW licence model
05:47 – Current service lines

Pete Fendall, CFO & COO
06:25 – H1 FY25 financial highlights
08:48 – Income statement
10:21 – Balance sheet
11:08 – Cashflow
12:01 – Network KPI’s
14:15 – Recriutment

Shru Morris, CEO designate
15:51 – Growth opportunities
18:39 – Acquisition of DR Solicitors Limited

James Dow, CEO
21:45 – Management changes
23:19 – Summary & Outlook

26:17 – Q&A

DSW Capital, owner of the Dow Schofield Watts and DR Solicitors brands, 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, Dow Schofield Watts is one of the first platform models disrupting the traditional model of accounting professional services firms. DSW Capital operates licensing arrangements with its businesses and has over 130 fee earners across 12 offices in the UK. These businesses trade primarily under the Dow Schofield Watts and DR Solicitors brands.

DSW Capital’s vision is for our brands to become the most sought-after destinations for ambitious, entrepreneurial professionals to start and develop their own businesses. Through a licensing model, DSW Capital gives professionals the autonomy and flexibility to fulfil their potential.

Being part of the DSW Capital group brings support benefits in recruitment, funding and infrastructure. DSW Capital’s challenger model attracts experienced, senior professionals, predominantly with a “Big 4” accounting firm or “Magic Circle” legal background, who want to launch their own businesses and recognise the value of DSW Capital’s brands and the synergies which come from being part of the network.

DSW Capital aims to scale its agile model through organic growth, geographical expansion, additional service lines and acquisitions. The Directors are targeting high margin, complementary, niche service lines with a strong synergistic fit with the existing network.

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