DSW Capital Plc (GB:DSW) has released an update.
DSW Capital Plc, a mid-market professional services network, reports FY24 network revenue of £16.0m and an adjusted pre-tax profit of £0.5m, reflecting a decrease due to subdued M&A activity and increased provisions for licensee balances. Despite the challenging market, fee earners and partners have grown, and the firm has expanded with new licensees and acquisitions, maintaining a healthy cash balance. The company remains optimistic about long-term growth and has announced a reduced final dividend amidst current market conditions.
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