Gear4Music.com, an online retailer of musical instruments and equipment, is set for 50 per cent growth this year, with an increase in turnover from GBP12m to a forecasted GBP18m at the end of the financial year.
The Yorkshire-based company, which employs 100 staff, was founded in 2003 and has continued to grow at a rapid pace since receiving a GBP3.4m investment by Key Capital Partners (KCP) in 2012.
As well as a growth in sales, the company has moved into larger 135,000 sq ft premises on the outskirts of York to further expand its logistics capabilities in the UK market and continental Europe. The company has also launched an updated responsive design website, to optimise customers’ viewing experience. The site works across mobile and desktop devices and operates in 16 languages to better cater for its international customers.
Gear4Music.com has continued to grow sales through the development of its own range of branded products including guitars, pianos and drums. The company is also a well-known retailer of leading market brands such as Fender, Gibson, Yamaha and Roland.
Managing director Andrew Wass, says: “This is an incredibly exciting time for us here at Gear4music.com and the 50 per cent growth we’ve achieved this year feels like it is just the beginning. We are already set for more success in 2014 as we expect the international side of our business set to grow very quickly. The updated, efficient design of the website will definitely support our growth and it’s great to see it go live in time for Christmas.
“It just goes to show that even in challenging times, if you have all the right ingredients you can still grow successfully – fantastic staff, appropriate finance and a good vision are all you need.”