Shares in the company behind financial advisory brand Dow Schofield Watts surged after it revealed its full-year results are set to beat market expectations.
Warrington-headquartered DSW Capital, which completed an IPO in December 2021, has reported its expected revenue and adjusted pre-tax profit for the 12 months to the end of March 2022 will be ahead of forecasts.
It added that its expected network revenue will be £18.3m, up from £15.3m and 19.6% ahead of the prior year.
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Following the publication of the company's trading update to the London Stock Exchange, the firm's share price increased by more than 14%.
Chief executive 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 autonomy and flexibility which the DSW model gives to Fee Earners is a true differentiator in our market and we believe that it will continue to attract high quality professionals seeking greater flexibility in a post-Covid world."
