Active IQ
Active IQ
Active IQ
Health Club Management

Health Club Management

Follow Health Club Management on Twitter Like Health Club Management on Facebook Follow Health Club Management on Google+ Join the discussion with Health Club Management on LinkedIn Subscribe to Health Club Management Get RSS alerts from Health Club Management magazine
Get the latest news, jobs and features in your inbox
Health Club Management

Health Club Management

News

Boosting membership at The Gym Group helps revenue grow by a quarter

Growth in membership helped revenue at The Gym Group rise to £36.1m in the first six months of 2016 from £28.9m in the same period in 2015, representing a year-on year increase of 25.1 per cent.

In its interim report for the half year to 30 June, results showed that pre-tax profits stood at £3.4m, against a £3.3m loss in the same period in 2015.

The increase in revenue was mainly a result of the 22.8 per cent growth of members in the half-year period to 420,000, from 342,000 in the same period in 2015. Average revenue per member per month has increased by 1.6 per cent to £14.31, from £14.08 last year.

The Gym Group has 80 sites nationwide, with six gyms opening so far this year and more scheduled before the end of the year to meet the 2016 target of 15-20.

With 450 low-cost gyms in the UK, the business believes there is substantial opportunity for growth in the market.

The company expects to rollout out more gyms at an overall cost of between £1.3m and £1.4m per site. The interim report said: “We have substantial firepower from which to fund and develop the business, with a total of £40m of available financing facilities.”

Commenting on the results, John Treharne, The Gym Group chief executive, said: “Excellent progress has been achieved so far in 2016 as demonstrated by the growth in membership. Our rollout is on track with six sites opened in H1. We remain on target for 15-20 for the year and have a strong pipeline for 2017.

“Our existing sites are performing well which has contributed to the group’s strong growth in profitability. We are confident that our low cost, disruptive positioning in the market place, our well-developed roll out plans and our strong financial position bode well for further rapid and measured profitable development and progress, whatever the economic environment.”

Sign up for FREE ezines & magazines
Growth in membership helped revenue at The Gym Group rise to £36.1m in the first six months of 2016 from £28.9m in the same period in 2015, representing a year-on year increase of 25.1 per cent.
HAF,FIT
The Gym Group CEO and founder John Treharne said excellent progress had been achieved so far in 2016
Dyaco International
Dyaco International

News

DW Fitness First is introducing a new water-based HIIT class in order to cater to
Speaking at the annual Legend customer day at the NEC today, Sport England’s executive director
Fitness operator Equinox will move further into the lifestyle space with the launch of bespoke
Health and social care secretary Matt Hancock has published a new technology masterplan for the
US fitness brand Peloton has launched into the UK, marking the occasion with a three-week
The ukactive Research Institute has announced plans to make all academic research it conducts available
SportSoft UK Ltd
SportSoft UK Ltd
DW Fitness First is introducing a new water-based HIIT class in order to cater to
Water safety charity The Royal Life Saving Society UK (RLSS UK) has named Jo Talbot
Group fitness classes and adrenaline sports are among those benefiting from increases in interest, as
Meadowbank Stadium and sports centre in Edinburgh, which hosted the Commonwealth Games in 1970, is
Exeter City Council has published a new corporate strategy and 'emerging vision' for 2040, with
New research into the mental health benefits of swimming has been released by Swim England,
More than six million people in the UK could be living or contemplating a life
MyZone
MyZone
DW Fitness First is introducing a new water-based HIIT class in order to cater to
Leisure Media, publisher of business to business magazines for the global leisure industries, such as
Space Cycle, the boutique cycle brand in China which received backing of US$15m (£11.5m) from
An online platform has been launched that enables health and fitness operators to access quotes
Dyaco International
Dyaco International
1 - 15 of 10,489
Features
Report
We investigated the typical day for young offenders in prison and found they were typically locked up and inactive for 22 hours a day - Dr Phillip Lee MP
Features
feature
How far is the health club industry from completing its evolution from a niche sector to a mass mainstream movement?
Features
feature
Calisthenics: is it just for hardmen, or is it an alternative activity that could appeal to your crossfitters or those in your free weights area? Kath Hudson reports
Features
feature
The IHRSA European Congress, which takes place next month in Lisbon, Portugal, is a must-attend, must-experience event for industry leaders doing business in Europe says IHRSA’s Kristen Walsh
Features
Supplier showcase
GoCardless & Speedflex
Features
Floatation
Scientists believe floatation therapy could be a shortcut to meditation and much more than just a relaxation amenity for health clubs. Niamh Madigan dives in to find out more
Features
New trends
A combination of being hunched over desks and dynamic workouts have led to a new trend in assisted stretching studios. Is this the next big thing and should health club operators be adding it for their members? Kath Hudson reports
Features
News report
A disused tower block in central São Paulo has been converted into a vibrant fitness, sport and leisure destination for the city, as Kim Megson reports
Features
Cycling
A new age of indoor cycling is upon us, characterised by a more diverse range of bikes and consumers. Steph Eaves breaks down the options in this two-part series
Features
IHRSA update
Kristen Walsh, associate publisher at IHRSA, reveals the top performing health club operators in the US, Canada and Latin America
Features
Tech
Body composition analysers are an excellent way to differentiate your club, as well as help your members get results. Kath Hudson reports
Features
People
People profile
Bear Grylls has bought into BMF – formerly British Military Fitness – now rebranded as Be Military Fit and with its sights set on international expansion through franchising
People
People profile
We've incorporated mental health and wellbeing into the whole Mindset experience
People
Profile
We’ve positioned ourselves as a premium concept with affordable prices. MyFitness is a full-line operator with modern facilities and top-of-the-line equipment and technology
People
People profile
We don’t sell the transformational dream: our core message to people is the importance of creating a new lifestyle and being fit for life
People
people
The drive behind everything we do is to help our patients get better. Whether that means climbing Everest, or climbing the stairs
People
people
Physical activity needs to be recognised as a ‘vital sign’ that health professionals ask people about at every medical consultation
People
people
We’re offering members the convenience of having a workout and a chance to shop in a lively, welcoming environment
People
people
With the EXOS programmes, I can guarantee vitality. Our goal is to upgrade people’s lives by finding their true purpose
People
Interview
In Islington, there’s a strong demand for family facilities and we’re building our first Little Space – a dedicated kids’ training area
People
Catalogue Gallery
Click on a catalogue to view it online
Featured suppliers
Featured supplier: Virtuagym and Glofox offer next gen Direct Debit via GoCardless
Online direct debit provider, GoCardless, has teamed up with membership management software platforms Virtuagym and Glofox to give their customers access to next generation, flexible Direct Debit.
Featured suppliers
Featured supplier: EXF chosen by Third Space to supply storage and functional rig solutions
EXF has been awarded a new contract with luxury London Health Club group, Third Space.
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: Keiser UK LTD
Keiser began its history of visionary sports science leadership over 37 years ago, rejecting the ...
Directory
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Clothing/promotional merchandise
Taylor Made Designs: Clothing/promotional merchandise
Flooring
Total Vibration Solutions Ltd: Flooring
Fitness equipment
Dyaco International: Fitness equipment
Trade associations
International SPA Association - iSPA: Trade associations
Computer solutions
EZ-Runner Systems Ltd: Computer solutions
Exercise equipment
Origin Fitness: Exercise equipment
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Locking solutions
Ojmar: Locking solutions
Audio visual
Lightmasters UK Ltd: Audio visual
Property & Tenders
White Rocks, Hastings
GVA
Property & Tenders
Diary dates
31 Oct - 01 Nov 2018
NEC, Birmingham, United Kingdom
Diary dates
27-27 Nov 2018
Harrogate Convention Centre, Harrogate, United Kingdom
Diary dates
Job search
Active IQ
Active IQ