Dow Schofield Watts adds Bridgewood to network

Dow Schofield Watts has announced that it is expanding into the Midlands after adding insolvency and restructuring specialist Bridgewood to its network.

DSW Capital, the company which owns the Dow Schofield Watts brand, has backed a management buy-out of Bridgewood, which employs a team of 14 in Nottingham.

The deal gives control of the firm to founder Robin Tarling and insolvency practitioners Andrew Smith and Tom Grummitt, whilst also providing an exit for its original investors.

It will now operate as a member of the Dow Schofield Watts network under the name of DSW Bridgewood.

Tarling said: “The buy-out is an ideal scenario for all concerned. It enables Andrew and Tom, who are key members of the leadership team, to take a stake in the business and gives us the autonomy to pursue our growth plans going forward, while providing a return for our seed investors.

“Being part of the Dow Schofield Watts network will also give us access to a strong support team and bring opportunities to expand our services, including into other types of advisory work and commercial financial broking.

James Dow, CEO of DSW Capital, said: “Expanding into the Midlands has been a key focus for DSW and we are delighted to have attracted such a high quality team. The arrival of Bridgewood demonstrates our ambitions to expand our services and geographical presence.

“We believe the increasing scrutiny and regulation facing some of our larger competitors, in combination with the current market conditions, will enable us to attract more high-quality professionals to support our future growth.”

DSW now has 107 professionals in ten offices in the North West, Leeds, Reading, London, Scotland as well as the Midlands.