DSW Capital PLC Expansion of DSW Tax Advisory capabilities
September 29 2023 - 2:00AM
RNS Non-Regulatory
TIDMDSW
DSW Capital PLC
29 September 2023
REACH
29 September 2023
DSW CAPITAL PLC
("DSW Capital", "DSW" or the "Group")
(AIM: DSW)
Expansion of DSW Tax Advisory capabilities
DSW Capital, a profitable, mid-market, challenger professional
services licence network and owner of the Dow Schofield Watts
brand, is pleased to announce that it has supported DSW Tax
Advisory's acquisition of STS Europe Ltd ("STS") to bring new,
complementary capabilities to the business.
STS advises clients, including UK-resident non-domiciles, on
matters such as inheritance tax, trusts and offshore structures,
and also assists offshore banks and trust companies throughout
Europe with UK tax issues and is one of the leading firms of its
type in the North.
STS will be integrated under the DSW Tax Advisory brand, taking
its Fee Earners to three.
The acquisition of STS takes DSW's total Fee Earners to 105,
operating from 10 locations across the UK.
James Dow, Chief Executive Officer, said:
"I am delighted to welcome Andrew Robinson to DSW. Tax advisory
is a target area of expansion for the Group, enabling enhanced
cross referral, particularly for Corporate Finance and Wealth
Advisory where tax advisory is highly relevant. Referrals are a key
element behind of the success of our network and help to drive the
organic growth of the Group. Referrals in FY23 comprised 14.2% of
Network Revenue and we expect this to grow as we focus on
strengthening the depth and breadth of our services."
Dave Waddington of DSW Tax Advisory said:
" STS has built a strong reputation for its work with high-net
worth clients and offshore trusts. The acquisition brings new
expertise to DSW Tax Advisory and enables us to expand the range of
services we offer our clients."
Enquiries:
DSW Capital
James Dow, Chief Executive Officer Tel: +44 (0) 1928
Nicole Burstow, Chief Financial Officer 378 029
Tel: +44 (0) 1928
378 039
Shore Capital (Nominated Adviser & Broker) Tel: +44 (0)20 7408
James Thomas / Mark Percy / Rachel Goldstein 4090
Guy Wiehahn / Isobel Jones (Corporate Broking)
Belvedere Communications
Cat Valentine Tel: +44 (0) 7715
Keeley Clarke 769 078
Tel: +44 (0) 7967
816 525
dsw@belvederepr.com
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 24 licensee businesses with 105 fee
earners, across ten offices in England and two in Scotland. 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.
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END
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