Financial due diligence in a Covid-19 world

Financial due diligence in a Covid-19 world Covid-19 has caused sudden and unexpected disruption for businesses. It will bring new challenges for transaction processes. As things stand, it is difficult to assess how and when sectors and businesses will recover and what the ‘new normal’ will look like.   Given these uncertainties, we think robust … Continued

Due Diligence process tips: COVID-19 considerations for vendors

Due Diligence process tips: COVID-19 considerations for vendors DSW Transaction Services acts as a financial due diligence provider to both buyers and sellers. Despite the current environment, we have a number of deals ongoing in resilient sectors. However, the impact of COVID-19 and the UK lockdown is universal and the following is a summary of … Continued

VAT changes to e-books – not the end of the story yet

VAT changes to e-books – not the end of the story yet Recently the government trumpeted the news that they are ‘fast-tracking’ the VAT changes to e-publications by introducing VAT zero-rating on 1st May, rather than on 1st December. However, what is not being reported so widely is that HMRC have been resisting (and I … Continued

Fraud Awareness

Fraud Awareness The current climate will inevitably put renewed pressures on the financial targets of companies and individuals, and may see some previously concealed frauds bubbling to the surface. Our Forensic Accounting team would like to share some valuable advice about how to minimise potential risks and steps to consider if you suspect fraudulent activity … Continued

One Utility Bill raises £1.7m in funding round led by DSW Angels

One Utility Bill – which simplifies utility billing for tenants, landlords and letting agents – has raised £1.7m in a funding round led by DSW Angels, the venture capital business of the Dow Schofield Watts group, and including existing investors the North East Innovation Fund, supported by the European Regional Development Fund and managed by … Continued

New partner appointed in Leeds

Dow Schofield Watts has appointed Jonathan Steed as Partner in its transaction services team in Leeds. Jonathan, who joins from KPMG, has over 25 years’ experience providing financial due diligence to clients in Yorkshire. During that time he has advised private equity firms, lenders and businesses ranging from family firms to many of Yorkshire’s best-known … Continued

Arts club aims to unite nation to create a Wall of Positivity

With the country facing further weeks in lockdown, the arts organisation backed by PHD Equity Partners aims to lift the nation’s spirits with its campaign to create a Wall of Positivity.  The SAA, the international arts club run by our portfolio company Teaching Art. is challenging people of all ages to paint or draw a picture of what makes them feel positive and share it with a message to others. Entry is free … Continued

Dow Schofield Watts Support Available During COVID19

We’re here to support all of our connections during this time of uncertainty. The Dow Schofield Watts Group, comprising 35 partners with an average of over 20 years’ experience, are well-placed to advise on meeting the many and varied challenges presented to your businesses by the Coronavirus pandemic. The attached flyer sets out what we’ve … Continued

RSK Acquires Morrison Falklands Ltd and Nicholas O’Dwyer

RSK, a leading integrated environmental, engineering and technical services business, has announced the double acquisition of construction company Morrison Falklands Ltd (now trading as RSK Falkland Islands) and consulting engineering practice Nicholas O’Dwyer. The businesses, based in Stanley, the capital of the Falkland Islands, and Dublin, Ireland, respectively, are RSK’s second and third acquisitions of … Continued

Dow Schofield Watts expands corporate finance team 

Dow Schofield Watts expands corporate finance team  Advisory firm Dow Schofield Watts has expanded its North West corporate finance team with the appointment of Rachel Green as Executive.  Rachel joins from Deloitte, where she spent six years working in international audit for clients including US listed companies, carrying out financial due diligence for businesses involved in acquisitions and where she qualified as a Chartered Accountant.   At Dow Schofield Watts, she … Continued

DSW Angels hits milestone deal flow at 1,000 applicants for funding 

DSW Angels hits milestone deal flow at 1,000 applicants for funding  DSW Angels, the business angel network, is celebrating a milestone after receiving its 1,000th application for funding within two years of its launch.   The business, which was started in the North but expanded to other regions in recent months, has also become one of the largest in the UK with over 100 investors. Last … Continued

Jackson Lees Group acquired by MAPD Ventures 

Jackson Lees Group acquired by MAPD Ventures Law firm Jackson Lees Group, which has more than 280 staff across six North West offices, has been acquired by MAPD Ventures via a management buyout led by its current chief executive and chief operating officer, Brian Cullen and Joanna Kingston-Davies, for an undisclosed sum. Having received funding … Continued

Top banker joins Dow Schofield Watts to launch new service

Top banker joins Dow Schofield Watts to launch new service  One of the North’s best known bankers has joined Dow Schofield Watts to launch a debt advisory arm.  Phil Tarimo will lead the new service, DSW Debt Advisory, which is aimed at medium-sized companies seeking debt funding of £20m or above. It will initially operate from the firm’s Northern offices but the aim is to roll it out nationally.  Phil, who was the North of England Regional Managing Director for … Continued

a2e Industries secures £25m long-term AS.G funding from Magnetar Capital

a2e Industries secures £25m long-term AS.G funding from Magnetar Capital a2e Industries has secured a £25 million term loan facility for its fast-growing aerospace grouping, Aero Services.Global group (AS.G), with a new funding package provided by Magnetar Capital (Magnetar). Dow Schofield Watts Transaction Services provided financial due diligence. In addition, Close Brothers Asset Finance has … Continued