24th Nov 2025 13:18
DSW Capital PLC - professional services under Dow Schofield Watts and DR Solicitors brands - Pretax profit more than doubles to GBP237,000 in the six months that ended September 30 from GBP100,000 a year before, as revenue multiplies to GBP2.8 million from GBP1.1 million. The big increases in the top and bottom lines follows the acquisition of DR Solicitors in November last year. Adjusted earnings before interest, tax, depreciation and amortisation leaps to GBP700,000 from GBP100,000.
DSW declares an interim dividend of 1.2 pence per share, up 20% from 1.0p a year before, noting that it has GBP2.2 million cash in the bank.
Chief Executive Officer Shru Morris notes that the company's results are typically weighted towards the second half of its financial year, partly due to increased mergers and acquisitions activity ahead of the tax year-end in April. For all of financial 2025, which ended March 31, DSW reported pretax profit of GBP1.3 million. "While mindful of geo-political and economic uncertainties, particularly around the upcoming [UK government] budget, the group remains financially strong, with robust cash generation, a scalable model, and a limited fixed cost base," Morris says.
Current stock price: 50.00 pence in London on Monday for GBP12.6 million market capitalisation
12-month change: down 28%
By Tom Waite, Alliance News editor
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