DSW Capital

DSW Capital (“DSW”), owner of the Dow Schofield Watts brand, is a profitable, fast growing, mid-market, challenger professional services licence 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. As of 17 January 2024, DSW operates licensing arrangements with 24 licensee businesses and 108 Fee Earners across 11 UK offices, primarily trading under the Dow Schofield Watts brand.

Enabling finance professionals to run their own business

First executed in 2008, the licence model allows our partners to use the Dow Schofield Watts brand and access the DSW Network. DSW provides start-up funding and can take care of many aspects associated with the running of the “office” which includes:

  • IT,
  • Compliance Guidance,
  • Accounting,
  • Marketing,
  • Recruitment,
  • Banking support.

Attractions of the model;

  • Improved flexibility
  • No billing targets
  • Greater operational freedom
  • No requirement to invest partnership Capital
dsw capital model diagram

Strategic overview

We aim to scale our 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 strong synergistic fit with the existing DSW Network.

The Directors believe a business of increased scale will also benefit DSW’s existing Network of licensee businesses by allowing them to leverage a wider network of professionals and clients driving further cross-selling opportunities.

Our unique challenger model represents a differentiated proposition in a rapidly evolving market.

DSW Capital in numbers




Fee Earners






FY22 Network



Awards Won

Since 2011

Our Brands

Dow Schofield Watts Logo
Pandea Global M&A

Find out more:

Find out more about our Board of Directors

Board of Directors

Advising on areas ranging from corporate finance and due diligence to tax and business recovery.

Our Services

At the heart of our culture is a set of values that bring out the best in our people. These values help us work together and bind us closer as an organisation.

Culture and Values

We have a few simple online tools to help you understand whether joining DSW is the next step for you in your career.

Career Opportunities

The investor relations section of the DSW Capital plc website

Investor Relations