Published on: June 22, 2021
Annus mirabilis… …and flexed for future growth
Gear4music (G4M) has delivered a superlative set of results against the extraordinary backdrop of the past year. Profit measures are up at all levels, with the company swinging from a net debt to a net cash position at the year end. G4M has also announced plans to open two new European distribution centres and the strategic acquisition of two music brands to support its own brand offer. With a new £35m revolving credit facility (RCF) agreed, G4M is well placed to develop new complementary initiatives and make further acquisitions to strengthen its long-term growth prospects.
