DSW Capital Plc

DSW Capital Plc

LLSE:DSW
45.50
GBX
0.00
(0.00%)
1.13BMarket Cap
Nov 30Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.06
0.08
0.11
0.16
0.13
0.11
0.21
0.25
- -
Basic EPS, GAAP
0.03
0.04
0.06
-0.02
0.02
- -
0.04
0.02
- -
Free Cash Flow per Basic Share
0.03
0.03
0.04
0.05
0.05
-0.01
0.06
0.05
- -
Dividend per Share
0.04
0.04
0.02
0.02
0.06
0.03
0.02
0.03
- -
Book Value per Share
0.07
0.06
0.1
0.37
0.36
0.35
0.4
0.4
0.4
Tangible Book Value per Share
0.06
0.03
0.07
0.33
0.33
0.31
0.12
0.13
0.13
Basic Weighted Avg Shares
21
21
21
17
21
21
23
25
25
Sales/Revenue/Turnover
1
2
2
3
3
2
5
6
- -
Operating Margin (%)
77.8
58.67
69.07
-12.57
12.82
-2.29
22.62
12.72
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
1
- -
Net Income, GAAP
1
1
1
- -
- -
- -
1
1
- -
Effective Tax Rate (%)
22.76
20.78
20.63
- -
32.17
59.42
24.37
29.95
- -
Profit Margin (%)
54.81
46.71
53.44
-12.46
17.87
3.63
20.27
9.06
- -
Working Capital
1
1
1
6
6
4
4
3
3
LT Debt
- -
1
1
- -
- -
- -
3
2
2
Total Equity
1
1
2
8
8
8
10
10
10
Return on Invested Capital (%)
- -
37.18
38.55
- -
5.23
0.6
9.17
5.16
- -
Return on Capital (%)
- -
37.18
40.09
- -
6.01
1.13
10.61
6.15
- -
Return on Common Equity (%)
- -
56.62
71.09
-6.55
6.11
1.09
11.18
5.6
- -

Capital Structure

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
3
2
2
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
13
14
11

Working Capital

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
6
5
5
Cash, Cash Equivalents & STI
3
2
2
Accounts Receivable, Net
1
1
1
Inventories
- -
- -
- -
Total Current Liabilities
2
1
2
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
57.47%
-0.61%
Free Cash Flow
- -
-170.61%
-4.89%
Net Income, GAAP
- -
114.76%
-43.19%
Sales/Revenue/Turnover
- -
27.5%
27.13%
Total Cash Common Dividend
- -
- -
93.61%

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2
2025
- -
- -
5
2026
- -
- -
6

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
0.04
2026
- -
- -
0.02

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
0.02
2026
- -
- -
0.03

Company Description

CEO
Shrutisha Gautum Morris
Full Time Employees
26
Sector
Miscellaneous
Industry
Investment trusts
Address
7400 Daresbury Park Daresbury WN United Kingdom WA4 4BS
IPO Date
Dec 16, 2021
Business
DSW Capital plc operates as a challenger mid-market professional services network in the United Kingdom, licensing the Dow Schofield Watts and associated brand names to affiliated businesses in exchange for royalties based on fee income while providing legal services under the DR Solicitors brand. The company offers a comprehensive suite of services including asset-based lending risk management covering pre- and post-lend due diligence on receivables, inventory, plant and machinery, and trade finance; business planning and recovery encompassing financial modelling, business cases, infrastructure finance, and procurement due diligence; corporate finance advice such as company sales, acquisitions, and technology deals; debt advisory; equity finance; financial due diligence; tax advisory including R&D tax credits; DSW Ventures; wealth advisory; forensic and valuation services; and legal services targeted at professionals, mid-market corporates, owner-managers, private equity firms, and high net-worth individuals. Founded in 2002 and headquartered at 7400 Daresbury Park, Warrington, England, WA4 4BS, DSW Capital serves clients primarily across England and Scotland through a network of 144 fee earners and 49 partners as of September 2025. In recent developments, the company completed the transformational acquisition of DR Solicitors Limited in November 2024, which enhances diversification, broadens niche professional services, reduces reliance on M&A revenue from 67% to about 32%, and contributes to upgraded FY25 guidance with expected consolidated network revenue of approximately £23.0 million and adjusted pre-tax profit of £1.45 million; this follows strong half-year results to September 2024 with network revenue up to £7.8 million and an outstanding October 2024 performance driven by elevated M&A activity ahead of the UK Autumn Budget. For the half-year ended September 2025, network revenue rose 32% to £10.3 million, reflecting full contributions from DR Solicitors and organic growth, alongside a 29% increase in fee earners to 144, robust cash reserves of £2.2 million, and an interim dividend declaration of 1.2 pence per share, up 20% year-on-year, underscoring confidence in medium-term growth through organic expansion, geographic reach, additional service lines, and selective acquisitions.