REG - DSW Capital PLC - Appointment of Deputy CEO

DSW CapitalAnnouncement

11/06/2024 07:00

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RNS Number : 8594R  DSW Capital PLC  11 June 2024

 

11 June 2024

DSW CAPITAL PLC

("DSW Capital", "DSW" or the "Group" or the "Company")

(AIM: DSW)

 

Appointment of Deputy CEO

 

DSW Capital, a profitable, mid-market, challenger professional services
licence network and owner of the Dow Schofield Watts brand, is pleased to
announce that Shrutisha Morris ("Shru") will join the Board as Deputy CEO on 1
August 2024.

 

Shru is a highly experienced finance and business leader, with considerable
experience in M&A. She spent seven years at the law firm Napthens, joining
as FD in 2014 before being appointed CEO in 2017. During her tenure, she was
responsible for setting the firm's overall growth strategy, helping to
increase revenue and profitability, strategic recruitment, increasing the
firm's profile nationally and expanding the firm's services both organically
and through acquisitions. Most recently, Shru was CFO at Pick Everard, a
national multi-disciplinary consultancy working within the property,
infrastructure and construction industry, where she was responsible for
working with stakeholders across the group to drive change, business
performance, and financial governance. Shru is a qualified accountant, having
spent eight years at Bowmans and Baker Tilly (now part of RSM) at the start of
her career.

 

James Dow, Chief Executive Officer, said:

 

"We are delighted to have found such an excellent candidate to fulfil the role
of Deputy CEO. Shru is highly experienced in professional services,
specifically law, which is an area of strategic interest to DSW. Alongside her
proven finance and management expertise, Shru has a passion for recruitment
and a track record of helping people develop their careers. She understands
the importance of empowering people to take charge of their own destiny, which
lies at the heart of our culture.

 

"I would like to welcome Shru to DSW Capital. I am very much looking forward
to working with her, as we continue to build and expand the DSW Network. I am
confident that she will play a vital role in the growth, leadership, and
future development of the Group."

 

Further information relating to Shrutisha Morris:

 

The following information regarding the appointment of Shrutisha Gautum Morris
(nee Chikhalikar), aged 46, is disclosed under Schedule 2(g) of the AIM Rules
for Companies:

 

Current directorships and/or partnerships:

·  None

 

Former directorships and/or partnerships (within the last five years):

·  Afterathena Limited

·  Gradtouch Limited

·  Graduate-Jobs.com Limited

·  Lancashire Searches Limited

·  Napthens Wealth Management Limited

·  Smart Resourcing Solutions Limited

 

There is no further information to be disclosed in relation to the director
appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM
Rules.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed
in accordance with the Company's obligations under Article 17 of MAR.

 

Enquiries:

 

 DSW Capital

 James Dow, CEO                                   Tel: +44 (0) 1928 378 029

 Pete Fendall, COO & Interim CFO                  Tel: +44 (0) 1925 915 034

 Shore Capital (Nominated Adviser and Broker)     Tel: +44 (0)20 7408 4090

 James Thomas / Mark Percy / Rachel Goldstein

 Guy Wiehahn / Isobel Jones (Corporate Broking)

 Belvedere Communications

 Cat Valentine                                    Tel: +44 (0) 7715 769 078

 Keeley Clarke                                    Tel: +44 (0) 7967 816 525

                                                  dsw@belvederepr.com (mailto:dsw@belvederepr.com)

 

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 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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