Hussle (formerly PayAsUGym)
Hussle (formerly PayAsUGym)
Hussle (formerly PayAsUGym)
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Profit and revenues up at Pure Gym

The opening of 20 new sites and membership growth in its existing clubs has helped Pure Gym record a 24 per cent increase in revenue.

Reporting its results for the year ending 31 December 2017, the budget club operator announced revenues of £198m, following a £32m investment in new sites and upgrading existing clubs.

Membership numbers increased by 13 per cent to 927,000 – a third of whom have no previous gym membership.

The group has also now converted all 31 gyms that it acquired from LA Fitness in 2015 to the Pure Gym format.

As well as the new sites, there has also been growth in its mature estate.

In a statement, the group said: "As well as strong growth in revenues and profits, we delivered an 8 per cent point improvement in EBITDA margin from 25 per cent to 33 per cent, a result of the maturity of new site openings from 2015 and 2016 – especially former LA Fitness gyms.

"At the end of 2017, 69 per cent of the gym portfolio was mature compared to 49 per cent in 2016. The 63 per cent increase in Group EBITDA was, in large part, due to the strong performance from the maturing sites and the successful launch of new commercial products such as multi-gym membership and off-peak membership."

Humphrey Cobbold, CEO, revealed that more than £7m was invested in refurbishing existing gyms.

"We delivered on the full promise of the sites acquired or opened in 2015-16 and continued to invest in technology that drives both better experiences for our members and delivers higher revenues and great profit growth to the business," Cobbold said.

"We believe firmly that the positive structural trends in our market will continue to intensify and we’re confident that we have the right processes, systems, and capabilities in place, to remain at the forefront of our industry in the years to come.”

PureGym was acquired by private equity firm Leonard Green & Partners in November 2017 and in January refinanced its debt, placing £360m of bonds in an offer that Cobbold described as "heavily over-subscribed".

Earlier this year, Pure Gym opened its 200th location.

Sign up for FREE ezines & magazines
The opening of 20 new sites and membership growth in its existing clubs has helped Pure Gym record a 24 per cent increase in revenue.
HAF
THUMB26317_224166.jpg
Latest News
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Features
Retention
There’s no one thing that will fix your member retention, but clarity of mission, a strong culture and an eye for data will drive significant change. Kate Cracknell reports from this year’s Retention Convention
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HCM Celebs
In the name of work, Australian actor Chris Hemsworth has undergone impressive physical transformations for film roles such as Thor in The Avengers and Marvel films. Inspired by the public’s interest in his workouts, he’s now created a health and fitness app called Centr that utilises the expertise of his team of world-class experts
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Statistics
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Are you optimising HIIT for your members, or are they put off by the pain? Abigail Harris looks at research into ways to better support members towards a positive outcome
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Flooring
With the increase in popularity of functional training, the floor is increasingly becoming a piece of equipment in itself. Kath Hudson investigates
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Innovation
Silicon Valley hacker Dave Asprey used his tech skills to gather the latest fitness kit to create a bio hacking boutique. Kath Hudson investigates cusapero
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The older people get, the more likely they are to have a long term health condition. But getting ill is not an inevitable consequence of getting older, so targeting the over 50s market could bring about multiple wins. Kath Hudson reports
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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
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New research from Deloitte China and IHRSA shows the market for health and fitness in India is starting to grow, as Kirsten Walsh reports
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Analysis
Features
People
We estimate that we have 110,000 children in primary schools that have introduced the Daily Mile as part of the everyday school day. That’s 400 schools, and the feedback is great. It’s been a real success
People
With two instructors per class – one devoted to correcting form – we fix people, and this creates clients for life
People
Much of the fitness industry branding is based on a no pain, no gain philosophy, but we didn’t want to present Rabble like that, even though a session is ridiculously tiring!
Promotional Feature
Promotional feature
EMS training is a great opportunity to differentiate your offering in a crowded fitness market. The kit requires very little space and the business model can be extremely lucrative - Phil Horton, miha bodytec
Job search
POST YOUR JOB
Featured supplier news
Featured supplier: Variety and flexibility for the customer is the key to retention, says MoveGB
What really drives customer retention in 2019? Is it proactive customer care? Frequency of attendance? Added value provision? Community building? Across the industry, debate on this topic never stops. And neither does market change.
Featured supplier news
Featured supplier: Fitness trends have changed, it’s time qualifications caught up
EMD UK, the national governing body for group exercise, has been working with Active IQ to improve industry qualifications.
Opinion
promotion
Member retention is a growing problem for long-established gym chains, who are battling the growing budget and boutique gym market.
Opinion: Are you trying to beat budget gyms at their own game?
Company profiles
Company profile: Technogym
Founded in 1983, Technogym is a world leading international supplier of technology and design-driven products ...
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Company profile: Jordan Fitness
Jordan Fitness have been at the forefront of premium gym design, with a strong reputation ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
EXF Fitness Equipment: Exercise equipment
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Fitness equipment
Dyaco International: Fitness equipment
Spa software
ResortSuite: Spa software
Member access schemes
Move GB: Member access schemes
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Architects/designers
Zynk Design Consultants: Architects/designers
Lockers/interior design
Fitlockers: Lockers/interior design
Flooring
Total Vibration Solutions Ltd: Flooring
Property & Tenders
Will to Win
Property & Tenders
Diary dates
26-27 Jun 2019
Villa Park, Birmingham, United Kingdom
Diary dates
06-07 Jul 2019
Monte-Carlo, Monaco
Diary dates

News

Profit and revenues up at Pure Gym

The opening of 20 new sites and membership growth in its existing clubs has helped Pure Gym record a 24 per cent increase in revenue.

Reporting its results for the year ending 31 December 2017, the budget club operator announced revenues of £198m, following a £32m investment in new sites and upgrading existing clubs.

Membership numbers increased by 13 per cent to 927,000 – a third of whom have no previous gym membership.

The group has also now converted all 31 gyms that it acquired from LA Fitness in 2015 to the Pure Gym format.

As well as the new sites, there has also been growth in its mature estate.

In a statement, the group said: "As well as strong growth in revenues and profits, we delivered an 8 per cent point improvement in EBITDA margin from 25 per cent to 33 per cent, a result of the maturity of new site openings from 2015 and 2016 – especially former LA Fitness gyms.

"At the end of 2017, 69 per cent of the gym portfolio was mature compared to 49 per cent in 2016. The 63 per cent increase in Group EBITDA was, in large part, due to the strong performance from the maturing sites and the successful launch of new commercial products such as multi-gym membership and off-peak membership."

Humphrey Cobbold, CEO, revealed that more than £7m was invested in refurbishing existing gyms.

"We delivered on the full promise of the sites acquired or opened in 2015-16 and continued to invest in technology that drives both better experiences for our members and delivers higher revenues and great profit growth to the business," Cobbold said.

"We believe firmly that the positive structural trends in our market will continue to intensify and we’re confident that we have the right processes, systems, and capabilities in place, to remain at the forefront of our industry in the years to come.”

PureGym was acquired by private equity firm Leonard Green & Partners in November 2017 and in January refinanced its debt, placing £360m of bonds in an offer that Cobbold described as "heavily over-subscribed".

Earlier this year, Pure Gym opened its 200th location.

Sign up for FREE ezines & magazines
The opening of 20 new sites and membership growth in its existing clubs has helped Pure Gym record a 24 per cent increase in revenue.
HAF
THUMB26317_224166.jpg

News

Women's fashion magazine Stylist has entered the fitness market by opening a female-only boutique studio
Creating opportunities for older people to get physically active represents a major driver for growth
Australian fitness franchise F45 has secured deals to open sites in emerging markets across the
The Bannatyne Group has completed a £750,000 redevelopment of its latest acquisition, the historic Cookridge
Corporate fitness sales specialist Gympass has secured additional financial backing believed to be around US$300m
Three-time National Basketball Association (NBA) Champion Draymond Green has opened his first Blink Fitness gym
Les Mills
Les Mills
EMD UK, the national governing body for group exercise, has been working with Active IQ
Ukactive has set out on a membership consultation, asking for views on how the not-for-profit
Northumbria University (NU) has set out to uncover in detail the important role that structured
A majority of mothers do not exercise because it makes them feel guilty about not
Fitness giant Les Mills has launched three new studio spaces at its iconic Auckland City
Wellness industry technology platform Mindbody has appointed Phil Coxon as managing director of Mindbody Europe.
Low-cost gym operator EōS Fitness has acquired five former Gold's Gym locations in Utah –
Dyaco International
Dyaco International
Revolutionary cross trainer manufacturer and franchise, PowerWave, is experiencing the dizzying heights of success, having
Health club operator Total Fitness has completed a turnaround of its fortunes, reversing a "steady
CoachAi, a virtual companion that interacts with members through their smartphones, has been declared the
The Gym Group has launched a marketing campaign targeting teenagers who are in the midst
Servicesport UK Limited
Servicesport UK Limited
1 - 15 of 10,972
Features
Retention
There’s no one thing that will fix your member retention, but clarity of mission, a strong culture and an eye for data will drive significant change. Kate Cracknell reports from this year’s Retention Convention
Features
HCM Celebs
In the name of work, Australian actor Chris Hemsworth has undergone impressive physical transformations for film roles such as Thor in The Avengers and Marvel films. Inspired by the public’s interest in his workouts, he’s now created a health and fitness app called Centr that utilises the expertise of his team of world-class experts
Features
Statistics
The fitness market in Europe is entering a new phase of growth according to the European Health & Fitness Market Report 2019 by EuropeActive and Deloitte. HCM reports
Features
Retention
Are you optimising HIIT for your members, or are they put off by the pain? Abigail Harris looks at research into ways to better support members towards a positive outcome
Features
Flooring
With the increase in popularity of functional training, the floor is increasingly becoming a piece of equipment in itself. Kath Hudson investigates
Features
Innovation
Silicon Valley hacker Dave Asprey used his tech skills to gather the latest fitness kit to create a bio hacking boutique. Kath Hudson investigates cusapero
Features
Active ageing
The older people get, the more likely they are to have a long term health condition. But getting ill is not an inevitable consequence of getting older, so targeting the over 50s market could bring about multiple wins. Kath Hudson 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
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
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
Analysis
Features
People
We estimate that we have 110,000 children in primary schools that have introduced the Daily Mile as part of the everyday school day. That’s 400 schools, and the feedback is great. It’s been a real success
People
With two instructors per class – one devoted to correcting form – we fix people, and this creates clients for life
People
Much of the fitness industry branding is based on a no pain, no gain philosophy, but we didn’t want to present Rabble like that, even though a session is ridiculously tiring!
People
We want to develop the next generation of health and wellbeing centres, offering a mix of clinical, physical and emotional wellbeing services
People
As clubs with swimming pools and health and beauty facilities, the low cost model wasn’t going to work for us, but the clubs weren’t as high-end as David Lloyd clubs either. Our first intervention was to win over the staff and encourage them to act as though it was a high-end club
People
The founders of F45 Training have done an incredible job building a global brand, and with this partnership, we hope to continue to disrupt the fitness industry
People
So, the competition is now here… and who’s to say it always has to be at a premium price point? Why shouldn’t someone also come in with a cheaper at-home option?
People
BXR on Chiltern Street is our headquarters. It’s where the brand is nurtured, where the community is built, where we hold our beautiful celebrity events. It’s a great place to spend time and meet like-minded people
People
Technogym has helped us ensure that every facility has the same selection of equipment. It’s part of the commitment we’ve made to deliver a top quality service for every community
People
Promotional Feature
Promotional feature
EMS training is a great opportunity to differentiate your offering in a crowded fitness market. The kit requires very little space and the business model can be extremely lucrative - Phil Horton, miha bodytec
Job search
POST YOUR JOB
Featured supplier news
Featured supplier: Variety and flexibility for the customer is the key to retention, says MoveGB
What really drives customer retention in 2019? Is it proactive customer care? Frequency of attendance? Added value provision? Community building? Across the industry, debate on this topic never stops. And neither does market change.
Featured supplier news
Featured supplier: Fitness trends have changed, it’s time qualifications caught up
EMD UK, the national governing body for group exercise, has been working with Active IQ to improve industry qualifications.
Opinion
promotion
Member retention is a growing problem for long-established gym chains, who are battling the growing budget and boutique gym market.
Opinion: Are you trying to beat budget gyms at their own game?
Company profiles
Company profile: Technogym
Founded in 1983, Technogym is a world leading international supplier of technology and design-driven products ...
Company profiles
Company profile: Jordan Fitness
Jordan Fitness have been at the forefront of premium gym design, with a strong reputation ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
EXF Fitness Equipment: Exercise equipment
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Fitness equipment
Dyaco International: Fitness equipment
Spa software
ResortSuite: Spa software
Member access schemes
Move GB: Member access schemes
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Architects/designers
Zynk Design Consultants: Architects/designers
Lockers/interior design
Fitlockers: Lockers/interior design
Flooring
Total Vibration Solutions Ltd: Flooring
Property & Tenders
Will to Win
Property & Tenders
Diary dates
26-27 Jun 2019
Villa Park, Birmingham, United Kingdom
Diary dates
06-07 Jul 2019
Monte-Carlo, Monaco
Diary dates
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Hussle (formerly PayAsUGym)
Hussle (formerly PayAsUGym)