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DSW Capital PLC on Thursday said trading remained resilient and in line with management expectations throughout the six month period to the end of September. The Warrington, England-based professional services provider via the Dow Schofield Watts and DR Solicitors brands said adjusted earnings before interest, tax, depreciation and amortisation multiplied to £700,000 from £100,000. The firm said this reflects a full six-month contribution from DR Solicitors, which was acquired in November 2024. Network revenue in the first half increased 32% to £10.3 million from £7.8 million, driven by the acquisition and growth within existing DSW licensee businesses. Cash at the end of the half-year was in line with management expectations at £2.2 million, compared to £2.3 million a year prior. DSW Capital noted that its results are typically weighted towards the second half of the financial year, due to the timing of profit share income recognition and heightened activity ahead of the end of the tax year. ‘Whilst the business is currently trading well, the board is mindful of the well documented geo-political and economic uncertainties, particularly in relation to the autumn budget,’ the firm said. Chief Executive Officer Shru Morris said: ‘The integration of DR Solicitors is progressing well. We continue to experience strong demand for our services across key sectors, with annual consultant growth exceeding 30% and the recruitment of a new Corporate Legal team specialising in Dental and Pharmacy work.’ The firm will report its half year results on November 24. Shares in DSW Capital closed up 10% at 55.00 pence in London on Thursday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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