Northamber bolsters UC position with Tempura buy

Planned moves

Phillips indicated this was the first of a few planned moves to further bolster the channel player’s position in the AV market.

“The Board believes that there is significant opportunity for further suitable acquisitions in the sector, which should generate additional value for Northamber’s shareholders in the medium term,” he said.

The plan is to keep the current leadership at Tempura at the helm to ensure the two firms are able to take advantage of the tie-up.

Matthew Light, managing director of Tempura, said there were already areas that it had identified would benefit from being part of the Northamber Group.

“We see a great many synergies with Northamber, including its culture, products and services, and I am pleased to be joining the senior management team of a founder-friendly business and to become a shareholder in Northamber,” he said.

“By becoming part of the Northamber Group, we will be able to reinforce and broaden our offering to existing and new customers, driving growth of both Tempura and the current Northamber business, together with continued gross margin improvement, aided through shared best practices and general economies of scale linked by a common ethos and goal focused around service,” said Light.

For the full year ended 30 June 2023, unaudited management accounts showed Tempura had revenues of £14.61m, EBITDA of £0.96m and profits before tax of £0.81m. Net assets were £3.02m. Similarly, for the six months ended 31 December, Tempura had revenues of £6.11m, EBITDA of £0.91m and profits before tax of £0.81m. Net assets were £3.78m.