DSW Capital PLC on Wednesday said it has expanded its presence in the Midlands, England with the launch of a new corporate finance team based in Leicester.

The Warrington, England-based owner of the Dow Schofield Watts brand, a financial advisory firm, said the addition takes the total licensees to 24, fee earners to 104 and total offices to 10.

It said the new team are ‘the first take advantage of DSW’s ’breakout incentive’, which was launched in February this year and offers teams of three or more an additional cash injection to start their own business’.

DSW Capital said this team is led by Harry Walker and includes Fahim Kassam and Daniel Choucino, who have all joined from FRP Corporate Finance.

Their arrival comes ‘just weeks’ after DSW entered the Midlands market with the addition of Nottingham-based corporate recovery firm Bridgewood Financial Ltd to the network, DSW Capital said.

‘Dow Schofield Watts offers an alternative to traditional accountancy firms by enabling professionals to run their own business as part of the network and we are delighted to welcome Harry and his team,’ said Chief Executive Officer James Dow.

‘Corporate finance is a core area of expertise for us, and the arrival of this award-winning team further strengthens our offer to clients and expands our local presence in the Midlands. It is also in line with our goal to attract new teams of high quality people into the network.’

Shares in DSW Capital closed up 1.9% to 63.70 pence each in London on Wednesday.

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