Telecoms

Gamma Communications plc

Market Cap (£m) 1066.8
Listing AIM

Company Description

Gamma is a leading provider of Unified Communications as a Service (UCaaS) into the UK, Dutch, Spanish and German business markets (having built its European operations through acquisition), supplying communication solutions via its extensive network of trusted channel partners and also directly. Its combination of network investment, a digital-first approach and in-house development skills has enabled Gamma to develop a comprehensive portfolio of communications services with a significant amount of intellectual property. It offers flexible solutions and enjoys a collaborative culture with specialist expertise of business communications. Its connected communications offering relies on sophisticated, dependable and secure products and services. Gamma provides end-to-end control and technical integration of network services.

Investment Summary

Gamma is active in an exciting growth area of the telecoms market and its strategic positioning allows it to compete strongly. The group has now made six acquisitions that have established its presence in the Netherlands, Spain and Germany. We note that, together, the Cloud PBX markets in Spain, Netherlands and Germany represent an opportunity more than three times the size of that of the UK, representing ideal opportunities for Gamma. We also anticipate that the group will further expand its European presence via more acquisitions. Meanwhile, we expect Gamma to continue to benefit from its resilience in the current operating environment through a range of growth opportunities in both the UK and European unified communications markets.

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Company Management Team

  • Andrew Belshaw

    Chief Executive Officer

    A Chartered Accountant by background, Andrew has worked in both audit and corporate finance at Deloitte LLP and Ernst & Young, specialising in providing advice to a wide range of clients in the technology sector. After leaving private practice, Andrew worked alongside the Commercial Director in a new business development role at Xansa plc before joining Gamma. Andrew has a degree in Maths from St John’s College, Cambridge and gained an MBA from Warwick University Business School. He is a Fellow of the Institute of Chartered Accountants in England and Wales.

  • Bill Castell

    Finance Director

    Bill joined Gamma in 2022 from OVO Energy, where he held the role of Chief Financial Officer. Before joining OVO Energy in 2020, Bill spent three years at Virgin Media which he joined as Deputy Chief Financial Officer and later became acting Chief Financial Officer. From 2005 to 2017, Bill was at Barclays Bank where he held a number of senior finance roles including Chief Financial Officer at Barclays Corporate Bank and Chief Financial Officer of Barclaycard Europe. Bill started his career as an Officer in the British Army and, as a qualified accountant (FCA), has worked in the technology, media and telecom sector as an auditor at Deloitte and investment banker with Goldman Sachs. Bill is also a Non-Executive Director of the Financial Ombudsman Service.

Key Dates

Jan 2020
15th
Q4 TU
Actual
Mar 2020
17th
Finals
Actual
Jun 2020
5th
Q1 TU
Actual
Jul 2020
20th
Q2 TU
Actual
Sep 2020
8th
Interims
Actual
Jan 2021
11th
Q4 TU
Actual
Mar 2021
23rd
Finals
Actual
May 2021
20th
Q1 TU
Actual
Jun 2021
10th
CMD
Actual
Jul 2021
14th
Q2 TU
Actual
Sep 2021
7th
Interims
Actual
Nov 2021
8th
CMD
Actual
Jan 2022
12th
Q4 TU
Actual
Mar 2022
22nd
Finals
Actual
May 2022
19th
Q1 TU
Actual
Aug 2022
2nd
Q2 TU
Actual
Sep 2022
6th
Interims
Actual
Jan 2023
12th
Q4 TU
Estimate
May 2023
19th
AGM
Estimate
Aug 2023
2nd
Q2 TU
Estimate