The specialist etailer posted a loss before tax of £0.6m for the 13 months to March 31, 2019 compared with a £1.5m profit for the same period the previous year.

The music retailer’s EBITDA declined 34% to £2.3m despite sales rising 48% to £118.2m during the same period.

Gear4Music attributed the growth to “implementing our core strategy of best-in-class customer service, ecommerce excellence, bespoke platform development, international expansion, and supply chain evolution.”