Dow Schofield Watts Reading advises on £50m total deals in first year
Dow Schofield Watts’ Reading office has advised on deals valued at £50 million, in, what it described as a ‘buoyant’ first year.
Steve Holmes, who leads the financial diligence service in Reading, said: “Our first year has surpassed all our expectations, which is due in part to the buoyancy of the market and the strength of the local economy.”
“Reading has always been seen as a gateway between London, the Midlands, Wales and the West Country. The launch of the Elizabeth line, which connects Reading directly with Heathrow Airport, the City of London and Canary Wharf, is making a big difference though.
“The Reading skyline is testament to the investment pouring in, and we are seeing increasing commitment from PE and VC firms as well as banks.
“While there are obviously concerns about economic headwinds, there is little sign as yet of any impact. The Thames Valley has always been a very resilient market with a wealth of high-quality SMEs in the region and I believe UK and foreign investors will continue to want to work with them.
“Our high-quality due diligence reports help ensure that those investors can complete their deals with confidence.”
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Known as a ‘challenger brand’ in the professional services sector for its ambitions to challenge the ‘big four’ accountancy firms, DSW was ranked as one of the UK’s top ten most active corporate financial advisers in Experian's Market IQ report for the first half of 2022.
Established in September of 2021 by spouses Steve and Carla Holmes, the office provides financial and tax due diligence plus tax advisory services, working alongside the Gavin Harrison-led DSW Debt Advisory service.
The firm now boasts a network of more than 80 professionals across the country, most of whom have either held senior roles in banking or worked for these ‘big four’ accountancy firms.
Carla Holmes, said: “Our aim is to make high-quality advisory services more accessible to SMEs and their investors. We look forward to continuing to build our presence in the year ahead and establishing ourselves as trusted advisers in the local market.”
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Featured image: Dow Schofield Watts/Turquoise PR
