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(Alliance News) - DSW Capital PLC on Tuesday said annual revenue is expected to be ahead of market expectations.
The UK-based business advisory services provider said it expects network revenue in the year ended March 31 to be GBP18.3 million, up 20% from GBP15.3 million in 2021.
The average revenue per fee earner increased by 16% to GBP227,000, from GBP196,000 in financial 2021.
Fee earners totalled 88, a 14% increase on the previous year.
All in all, it expects revenue and adjusted pretax profit to be "ahead of market expectations".
Chief Executive Officer James Dow said: "I am delighted to announce a strong performance for FY22 with the group expected to report results ahead of expectations both in terms of revenue and adjusted profits. These results are underpinned by the significant market demand for DSW's expert service lines and our performance illustrates the considerable benefits of our platform model, which empowers ambitious professionals to seize the opportunities in the market."
The company, founded by James Dow, Jon Schofield and Mark Watts in 2002, provides advice on disposals, acquisitions, buyouts, private equity and fundraisings.
DSW Capital shares were up 17% at 124.80 pence each on Tuesday morning in London.
By Xindi Wei; xindiwei@alliancenews.com
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