TVS Sports Surfaces
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Health Club Management

Health Club Management

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Health Club Management

Health Club Management

News

Bannatyne profits up 57 per cent as CEO Justin Musgrove predicts “further growth”

Health club operator Bannatyne Group has posted a 57 per cent increase in profits, thanks to a record turnover of £117.6m.

Announcing its results for the year up to 31 December 2017, the group reported overall profits of £14.3m.

It acquired four new sites during the year and spent £14m modernising its portfolio of 71 premium health clubs.

Following customer demand for a more holistic approach to wellness, Bannatyne also opened nine new spas during the year, taking the total number of spas in its portfolio to 46.

As a result, spa revenue reached £16.5m for the year – an increase of more than 13 per cent on the year before.

According to CEO Justin Musgrove, the group is operating in a marketplace “that has strong fundamental growth drivers” and said that there will be “significant further growth” during 2018.

“We are seeking to expand further through both organic growth – as our current reinvested estate potential is realised – and by careful acquisition,” Musgrove said.

“We are excited about prospects for 2018, a year which has started well with more than 19,000 new members, another record, signed up to date."

He added that during the year the company successfully absorbed a number of “cost headwinds”, such as the increases in national and living wage and the apprenticeship levy.

At the end of December 2017, Bannatyne employed more than 3,000 people, up 10 per cent on 2016 figures.

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Health club operator Bannatyne Group has posted a 57 per cent increase in profits, thanks to a record turnover of £117.6m.
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News

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Features
Retail
Years ago, gym retail meant a small selection of basic products sold behind a counter. Now retail can turn more profit more than anywhere else in the gym, with opportunities in activewear, supplements and specialised gym equipment. We look at what’s working according to three industry experts
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People
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People profile
I think we’ll start to see more pay-as-you-go concepts, as they offer better value for money and flexibility. HIIT will stay popular and we will see more use of data in workouts to engage people
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People profile
You can do lots of great stuff, but find there are still large numbers of people who don’t engage. If you can start to understand why, then you’re onto something
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Promotional Feature
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It became fairly obvious that the interactive nature of riding a bike meant that with THE TRIP, we could literally take our guests on a wild ride - Mike Mizrahi, director, Inside Out
Directory
Trade associations
International SPA Association - iSPA: Trade associations
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Ojmar: Locking solutions
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SportSoft UK Ltd: Computer solutions
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Kemitron GmbH: Hydrotherapy / spa fragrances
Audio visual
Lightmasters UK Ltd: Audio visual
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Fitness equipment
Dyaco International: Fitness equipment
Skincare
Clarins: Skincare
Member access schemes
Move GB: Member access schemes
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Catalogue Gallery
Click on a catalogue to view it online
Featured suppliers
Featured supplier: Myzone launches new features to enhance user experience for operators
Myzone, delivers a wearable and digital technology solution for the fitness industry. With the intent to amplify facility owner experiences, Myzone has released new features.
Featured suppliers
Featured supplier: Dates revealed for Reebok Les Mills Live 2019
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Video Gallery
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Tracking your workout effort just became effortless. Read more
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22-24 Jan 2019
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TVS Sports Surfaces
TVS Sports Surfaces