Gamma Communications plc
- Market Cap (£m) 1133.3
- Listing AIM
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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.
Recent Content

AGM update – ticking all the right boxes
17/05/2023 Gamma Communications plc
Today’s AGM trading update confirms that Gamma has continued to show growth across all three business areas. Management […]

Continuing UK growth drives profit and cash
21/03/2023 Gamma Communications plc
Gamma’s results for the year ended 31 December 2022, released today, are in line with expectations and guidance, […]

Confidently following a consistent course
12/01/2023 Gamma Communications plc
Gamma’s trading statement for the year ended 31 December 2022, issued today, confirms that the group will be […]

Quality shining through
06/09/2022 Gamma Communications plc
Gamma Communication’s robust H1 results, released today, contained no significant surprises, following the confirmatory trading update issued at […]

The growth story continues
02/08/2022 Gamma Communications plc
Gamma’s H1 trading update, released today, reaffirms guidance and confirms that, despite wider market concerns, the company is […]

Q1 update – on course for another growth year
19/05/2022 Gamma Communications plc
Gamma has today issued a Q1 trading update, coinciding with its AGM. The update confirms that the year […]

Steady progress over choppy waters
22/03/2022 Gamma Communications plc
Gamma’s results for the year ended 31 December 2021, released this morning, are broadly in line with our […]

Positive trading update
12/01/2022 Gamma Communications plc
Gamma this morning issued a positive trading update for the 2021 period. Revenue is within the current consensus […]

Europe – growth, skills and reassurance
24/11/2021 Gamma Communications plc
Gamma’s Capital Markets Day (CMD) on 9 November focused on its European operations. The proceedings started with a […]

Moving resolutely forwards
07/09/2021 Gamma Communications plc
Gamma continues to produce consistently good results with these interims reflecting a strong business performance in both the […]

Another good half year of growth
13/07/2021 Gamma Communications plc
Gamma’s trading update for H1 2021E notes another good performance, with growth in line with market expectations for […]

CMD underlines strategic progress
17/06/2021 Gamma Communications plc
Gamma’s recent Capital Markets Day (CMD) focused on its market opportunity and product portfolio. There were also demonstrations […]

On track Q1 performance
20/05/2021 Gamma Communications plc
Gamma’s AGM trading update confirms the continued momentum in the business during Q1 2021E as the group sees […]

FY 2020 results confirm another strong year
23/03/2021 Gamma Communications plc
The recent acquisition of Mission Labs was one of strategic importance to Gamma, in our view. It exemplified […]

Acquisition of Mission Labs augments offerings
03/03/2021 Gamma Communications plc
The acquisition of Mission Labs for an initial £40.2m adds recurring revenues from a business which will bring […]

Clear delivery on ‘optionality’
11/01/2021 Gamma Communications plc
Gamma’s trading update for its financial year to the end of December 2020 reflects another strong year for […]
Company Management Team
Andrew Belshaw
Chief Excecutive 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 in 2007. Andrew has a degree in Maths from St John’s College, Cambridge and gained an MBA from Warwick Business School. He is a Fellow of the Institute of Chartered Accountants in England and Wales. Andrew was promoted to CEO in 2022 having formally been Gamma’s Interim CEO and former CFO.
William Castell
Chief Financial Officer
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.