The company said it expected to generate at least £8 million from the listing on the London Stock Exchange’s international market for smaller, growing companies.
The funds were to help expand Gear4Music’s ecommerce platform, establish a new flagship showroom in London, and increase investment in marketing and the product range.
Gear4Music’s then-chief executive, Andrew Wass, said at the time: “Over the last 12 years, we have established ourselves as one of the largest UK-based online retailers of musical instruments and music equipment and are well placed to build on the positive momentum we have generated to date, particularly over the last two years, which have seen our revenues almost double and our European business expand significantly.”
He added: “We are very excited about this next stage in our development, with our forthcoming flotation on AIM enabling us to develop further our bespoke ecommerce platform, invest in additional marketing initiatives, extend the range of products we stock, and open a flagship showroom in central London.”
Gear4Music was founded in 2003 after starting life in 1995 as a recording studio off Heslington Road.
The company received £3.4 million worth of investment from Key Capital Partners in 2012.
It moved to its Clifton Moor premises in 2013, having previously operated from a warehouse in Shipton by Beningbrough.
Today (2025), Gear4Music’s head office is in Holgate.
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