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Manchester-based DSW Capital has reported that revenues rose by a “record” 62% to £25.8m in the year to 31 March, as the firm prioritised M&A activity, productivity and its entry into the legal sector with the acquisition of DR Solicitors.
The DR Solicitors deal, which was completed in November 2024, added to the group’s profitability and helped increase fee earner numbers by 27%, from 107 to 136. Its average revenue per fee earner also rose.
DR Solicitors joined Dow Schofield Watts as one of the business advisory platform’s brands.
DSW Capital has also launched a technology strategy to improve efficiency and client service through artificial intelligence, automation and digital tools.
Earlier this year on 1 April, Shru Morris took over as group chief executive, succeeding co-founder James Dow who remains as executive director. Pete Fendall was promoted to chief finance and operating officer.
Morris said: “Despite a challenging macroeconomic backdrop, this has been a defining year for us. We’ve strengthened our platform, diversified our offering, and delivered record performance.
“The integration of DR Solicitors has given us a powerful entry point into the legal sector, and our focus on supporting ambitious professionals through our challenger model continues to set us apart.”
She added: “We’re entering FY26 with real momentum and a clear strategy for growth. Looking ahead, we expect organic growth to continue, driven by the growth of our existing businesses, and a more focused approach to expanding our mid-market presence, alongside welcoming additional licensees across financial and legal services.
“We’re creating the conditions for entrepreneurial professionals to thrive, and I’m confident in our ability to keep evolving the business, delivering long-term value, and empowering pioneers to start up, scale and succeed.”
