Concerns are mounting over the future of Gamma Global amid claims that top brass are reviewing strategic options after hitting a financial bump.
Multiple sources told us suppliers are fearful of not getting paid should the worst case scenario materialise for the Manchester-based broker of HP, APC and Cisco kit.
“They owe a lot of people money,” claimed one source who asked to remain anonymous. He claimed creditors are trying to “recover” debts and rivals are looking to “poach staff”.
The website gammaglobalonline.com is currently down, carrying a note that it is “undergoing maintenance”, but a trade customer told us that he was redirected back to it when on signing into gammaglobal.com.
“Our account manager says they are having internal issues and are unable to process any orders. This has been ongoing for the last few days, and they have no ETA for being able to trade again,” said the customer.
The specific nature of the financial problems is unclear at this time but Gamma’s finances point to a shrinking operation.
According to parent company Gamma Global Holdings, revenues slipped from £55.5m in calendar ’10 to £37.1m in 2013 - the last filed accounts at Companies House. It made losses in two of those four full years, with a net loss of £293k in the most recent.
The business, which sprang to life in 1990, claims on its website to trade in more than 50 countries with over 600 suppliers.
It also has UK premises in Surrey, the Midlands and on the continent in Milan, Paris and Warsaw. Only calls directed to Manchester and Birmingham premises were answered since the start of last week.
In addition to kit sales, Gamma also sells maintenance services under the ProTech banner.
The Channel put the concerns to Gamma Global director Mark Winter last week. He refused to comment at the time, saying he’d send us a statement. However, despite further calls, we’ve yet to hear from him. ®