Gamma notches growth in first year under Belshaw

Gamma has seen revenue and gross profit rise 8% to £484.6m and £247.7m respectively in its first year under the leadership of Andrew Belshaw.

For the year ended 31st December 2022, Gamma’s UK Indirect Business saw revenue grow by 10% to £295.9m and gross profit increase by 9% to £155.6m.

The company’s Direct Business grew through new customer wins with revenue increasing by 10% to £115.5m and gross profit increasing 9% to £57m.

Belshaw said: “Gamma remains well placed to navigate any macro-economic headwinds that may occur. We have a high degree of recurring revenue and expect to continue to be strongly cash generative.

“We have a healthy balance sheet that will allow us to continue investing in the business as well as supporting organic growth with acquisitions.”

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