DSW Capital (DSW) Full Year 2024 results presentation - July 2024
Manage episode 426981610 series 2686645
James Dow, CEO
00:16 - Introduction
01:54 - Overview of DSW
02:57 - Investment case
Pete Fendall, COO & Interim CFO
04:10 - Current service lines
06:38 - The DSW license model
12:00 - Central initiatives
13:47 - FY24 highlights
16:15 - Income statement
17:56 - Balance sheet
18:50 - Cash flow
James Dow, CEO
19:58 - Network KPI's
22:07 - Growth Opportunities
24:11 - Target acquisition service lines
Pete Fendall, COO & Interim CFO
26:15 - Recruitment stats
27:38 - ESG
James Dow, CEO
29:44 - Summary & outlook
32:06 - Q&A
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 107 fee earners, eleven offices across the UK. 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.
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