DCW Insights Ltd is 100% owned by Dean Ward who has extensive experience in real estate, acting as an agent and advisor to property developers ranging from SME to national scale.
DCW Insights is a land due diligence and feasibility platform aimed at using technology to speed up the feasibility study on potential development sites whilst also significantly reducing the cost. The platform is subscription based and pulls data in from numerous sources to collate and assess the potential for a development. Using the platform developers of all sizes can quickly and efficiently identify of the the opportunity is commercial viable. It also acts as a communication hub between key stakeholders such as architects, quantity surveyors, consultants etc. allowing for the smooth transfer of information at key stages.
The DCW Insights platform has been built and DCW Insights completed a soft launch in October 2020. The launch was a great success with 328 user singing up to use the platform. Subscription to the platform has two pricing structures 1. £4k + VAT for founder users (rst 100 users) 2. £10k + VAT for normal subscription. A total of circa £2.5m was generated in revenue on launch and the potential users continue to grow.
Before users were 'onboarded' on to the platform DCW Insights undertook some due diligence on its security and identified that there were major issues. Issues identified meant that the platform could not onboard the users as it would have been very easy to compromise their details and 'hack' the platform. As a result a new developer has been instructed to completely rebuild DWC Insights at a cost of circa £260k which has resulted in a requirement for capex funding.
The funding will allow for the completion of the platform ensuring it is fully secure, onboard the clients who have already subscribed and release the c£2.5m in revenue and allow for the platform to attract new users in accordance with the forecasts provided.