Business
Asset Purchase & Notice of Results
Asset Purchase & Notice of Results.
About this update from Gear4music (holdings) Plc
[{"type":"text","content":"\n\n\n12 June 2025\nGear4music (Holdings) plc\nAsset Purchase from Competitor in Administration and Notice of Results\nGear4music (Holdings) plc (\"Gear4music\" or \"the Group\") (LSE: G4M), the UK's largest retailer of musical instruments and music equipment, today announces that it has purchased stock with an estimated cost value of up to £2.4 million, together with certain intangible assets including websites, trademarks, and commercial data, for a total consideration of up to £1.2 million.\nThese assets are being purchased from the Administrators of Jamm Co 2019 Ltd and its subsidiaries, including S&T Audio Limited trading as 'PMT Play Music Today' (an omni-channel musical instruments retailer based in the UK). S&T Audio Limited was the UK's fourth largest retailer of musical instruments and music equipment*, with a reported turnover of £43.0 million in its financial statements for the year ended 30 April 2024. For clarity, Gear4music is not acquiring any part of PMT's trading business, nor any other assets or liabilities, and has no current plans to use the PMT trading name.\nNotice of Results\nThe Group will announce its Final Results for the year ended 31 March 2025, including an update on current trading, on 24 June 2025.\n*According to Music Trades\nENDS\nEnquiries:\n \n\n\n\n\nGear4music\nAndrew Wass, Executive Chair\nGareth Bevan, Chief Executive Officer\nChris Scott, Chief Financial Officer\n\n\n+44 (0)20 3405 0205\n\n\n\n\n\n\n\n\n\n\n\n\nSinger Capital Markets - Nominated Adviser and Sole Broker\nPeter Steel/Sam Butcher, Corporate Finance\nTom Salvesen, Corporate Broking\n\n\n+44 (0)20 7496 3000\n \n\n\n\n\n \n\n\n\n\n\n\n\nAlma Strategic Communications - Financial PR\nRebecca Sanders-Hewett\nJoe Pederzolli\nSarah Peters\n\n\n+44 (0)20 3405 0205\[email protected]\n\n\n\n\n \nAbout Gear4music (Holdings) plc\nOperating from a Head Office in York, Distribution Centres in York, Bacup, Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden & Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Fender, Yamaha and Roland, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and the Rest of the World.\n \nHaving developed its own e-commerce plat...