Matrix Fitness UK
Matrix Fitness UK
Matrix Fitness UK
Health Club Management

Health Club Management

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Health Club Management

Health Club Management

News

Duncan Bannatyne ‘betrayed’ by former employee

TV Dragon and leisure entrepreneur Duncan Bannatyne has said he feels ‘betrayed’ over revelations of fraud and money laundering by former staff at The Bannatyne Group.

Newly-published accounts show Bannatyne Fitness profits dropped from £10m to £3m in the past year. The accounts make clear what is believed to be the cause: “During the year, the directors identified that misappropriation of the company and the group’s assets had been occurring for a number of years by former employees.”

Former Bannatyne Group finance director Christopher Watson is expected to confess next week to charges of fraud and money laundering when he appears for a plea hearing, according to the Northern Echo.

Prosecutors say electronic cash transfers from Bannatyne company accounts to Watson’s personal accounts and those of his businesses between July 2008 and July 2014 totalled almost £8m, although he is reportedly due to dispute the amount. A spokesman for the Crown Prosecution Service said previously: “These sums of money were allegedly used to gamble, settle personal debts and buy and renovate properties.”

Watson has not been the only former Bannatyne employee to face police scrutiny recently. In December 2014, former chief executive and MD of the company Nigel Armstrong, was arrested on suspicion of fraud and bailed.

Armstrong has since been cleared of any wrongdoing over the case, and is reportedly planning to take Bannatyne – who was best man at Armstrong’s wedding – to court, seeking a £10m payout for unfair dismissal. Bannatyne has indicated he will strongly contest the claims of his former friend.

Bannatyne Fitness – the health club chain started by Bannatyne in 1997 – now comprises more than 60 health clubs across the UK, with many also featuring a Bannatyne Spa.

Bannatyne says changes to his top team, which have included the appointment of Justin Musgrove as Bannatyne Group MD and Ken Campling as finance director of Bannatyne Fitness, mean that the business is now in “great shape” to move forward and expand.

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TV Dragon and leisure entrepreneur Duncan Bannatyne has said he feels ‘betrayed’ over revelations of fraud and money laundering by former staff at The Bannatyne Group.
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News

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Alliance Leisure
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Features
Analysis
Features
Research
New research from Deloitte China and IHRSA shows the market for health and fitness in India is starting to grow, as Kirsten Walsh reports
Features
HCM Celebs
Being a touring musician can be tough on your wellbeing, so country music star, Tim McGraw, developed his own workouts to stay fit. Now he’s collaborating with Snap to launch a gym brand
Features
Strength
Do you need strength training kit that fits a smaller space? Julie Fisher takes a look at the options
Features
Software
New technology is transforming the way the health and fitness industry functions and interacts with customers. Liz Terry catches up with operators around the industry for an update
Features
Cycling
What does the big data around group cycling show? What’s hot, who’s most engaged and what’s up and coming for the year ahead?
Features
Research
Leisure-net’s annual Health and Fitness Omnibus Survey (HAFOS) is now in its 15th year. We talk to Leisure-net’s Mike Hill about what’s changed, and what hasn’t, since 2002
Features
Functional
Having good functional fitness is a lifetime requirement. We speak to operators taking functional fitness back to its roots to aid rehabilitation
Features
Research
The fitness industry in China is growing fast according to The IHRSA Greater China Health Club Report, produced in November 2018 in collaboration with Deloitte China. Kristen Walsh reports
Features
ukactive
The sector’s challenge is to focus its collective efforts on the pillars of public life, delivering a beneficial impact for children and young adults, workers and older people, says Steven Ward
Features
Conference Report
The recent Power Plate RISE event (Retention, Insights, Solutions, Engagement) brought together research, expertise and practical solutions, supported by industry speakers Dr Paul Bedford, retention specialist and David Minton, CEO of The Leisure Database Company (TLDC)
Features
People
It’s inspiring to be part of a company and an industry that positively empowers people to change their lives. It means I can show up and be my best self, and in turn I hope I can lead and inspire people to be their best too
People
Fitness is cool, but sport is also a significant growth market for the health club industry and it’s important for us to share what we’ve learned through our Olympic contracts
People
I feel stronger in training, daily life tasks are easier and I’ve gained greater confidence that I can take on these challenges
People
We’ll soon be starting work on a mega club, called Eden RAW, which will have four boutique offerings under one roof and is expected to launch in the first quarter of 2020
People
We’re focused on society and existing trends, as well as constantly setting new trends
People
Say you want to open a cycling studio. You might know SoulCycle and Flywheel, but you can’t open one. The only thing you can open is a CycleBar
People
We help people break bad habits and change their lifestyles for better health. By monitoring our members’ progress and keeping in touch via our app, we guarantee results
People
The amount of change in just the past five years has been enormous. The make up of the top 10 brands is unrecognisable: some of those who considered themselves the market leaders are now gone, replaced by challengers
People
In every class, we invite participants to unleash their inner rockstars, let themselves go and rock out with a community of like-minded friends. They can healthily release their aggression and feel a sense of freedom
People
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Promotional feature
In just a one-month period, we saw a 77 per cent uplift in revenue
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Featured supplier news
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Wattbike will launch two new products that offer a complete indoor cycling solution.
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Video Gallery
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DFC
DFC are a leading direct debit collection company, providing cash flow solutions to happy clients from all over the UK. Read more
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Company profiles
Company profile: Wattbike
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Company profiles
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Fitness equipment
Miha Bodytec GmbH: Fitness equipment
Architects/designers
Zynk Design Consultants: Architects/designers
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Wearable technology solutions
MyZone: Wearable technology solutions
Professional services
Deloitte UK: Professional services
Member access schemes
Move GB: Member access schemes
Locking solutions
Ojmar: Locking solutions
Exercise equipment
Matrix Fitness: Exercise equipment
Skincare
The Tides Wellness: Skincare
Property & Tenders
New Brighton, Wirral, Merseyside
Wirral Borough Council
Property & Tenders
Various Sites
Porters Commercial
Property & Tenders
Diary dates
24-25 Apr 2019
Business Design Centre, London, United Kingdom
Diary dates
05-10 May 2019
Gold Coast Convention and Exhibition Centre, Queensland, Australia
Diary dates
Matrix Fitness UK
Matrix Fitness UK