Result of AGM
18 September 2023
DSW CAPITAL PLC
("DSW Capital", "DSW" or the "Company")
Result of AGM
DSW, a profitable, mid-market, challenger professional services licence network and owner of the Dow Schofield Watts brand, announces that all resolutions put to shareholders at the Company's AGM held today were duly approved.
Details of the votes received are available on the Company's website at:
James Dow, Chief Executive Officer
Nicole Burstow, Chief Financial Officer
Tel: +44 (0) 1928 378 029
Tel: +44 (0) 1928 378 039
Shore Capital (Nominated Adviser and Broker)
James Thomas / Mark Percy / Rachel Goldstein
Guy Wiehahn / Isobel Jones (Corporate Broking)
Tel: +44 (0)20 7408 4090
Tel: +44 (0) 7715 769 078
Tel: +44 (0) 7967 816 525
Notes to Editors
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 now operates licensing arrangements with 23 licensee businesses with 105 fee earners, across nine 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.