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

Xercise4Less secures £42m in private investment to fund expansion plans

Budget chain Xercise4Less has secured growth investment worth £42m from Swedish credit provider Proventus Capital Partners.

The funding will allow Xercise4Less to press forward with its aggressive expansion plans, which will see the operator open another 10 gyms by the end of 2018.

In total, the Leeds-based firm plans to open 40 gyms over the next two years, after setting itself a target of having 100 gyms by the end of 2020.

Launched in 2009, the company will open its 50th club in June this year and currently has more than 300,000 members – 30 per cent of whom have never previously been members of health clubs.

Jon Wright, founder of Xercise4Less, said the growth capital will allow the firm to tap into the growing demand for fitness.

"Unlike other budget operators we are not selling on price," Wright said.

"We thrive on changing lives, and feel this ability to offer more than the consumer imagined they could receive is what will help us to continue disrupting the budget model and maintain the clear water between traditional and low-cost clubs.”

Proventus Capital Partners specialises in medium-sized companies and it has invested in a wide range of industries, including the leisure sector, where it had a significant stake in travel giant Thomas Cook during its financial and strategic transformation.

CEO of Proventus Capital Partners, Daniel Sachs, said: “The core of our strategy is working with entrepreneurs and helping them grow their business by providing them access to bespoke capital that suits their unique situation.

"The fitness industry has long been a focus area for us and we are delighted to become a strategic financial partner to Xercise4Less in their continued development.”

Sign up for FREE ezines & magazines
Budget chain Xercise4Less has secured growth investment worth £42m from Swedish credit provider Proventus Capital Partners.
HAF,FIT,IND,PTS
Xercise4Less founder Jon Wright said the growth capital will allow the firm to tap into the growing demand for fitness.
 / Xercise4Less
Fitness On Demand
Fitness On Demand

News

Rhyl Leisure Centre in north Wales has become the latest publicly-owned fitness facility to focus
Corporate health and wellbeing services provider Westfield Health has appointed David Capper as its CEO.
Boutique studio operator Space Cycle has revealed plans to conquer the Chinese fitness market with
Boutique fitness operator The Third Space will open its sixth club in Islington, north London
Australian fitness franchise F45 has opened European headquarters in Central London, as it looks to
Fitness industry analyst Ray Algar has taken up a non-executive strategic advisory role at fitness
Taylor Made Designs
Taylor Made Designs
Rhyl Leisure Centre in north Wales has become the latest publicly-owned fitness facility to focus
Edel Wigan, co-founder of aerial fitness operator Flying Fantastic, has revealed plans to take the
Twenty-four-hour gym franchise Snap Fitness has continued its UK expansion by securing its first club
Xponential Fitness has acquired US-based boutique chain Yoga Six for an undisclosed sum – making
Budget club operator Buzz Gym has opened its fourth club in Oxford. The 18,000sq ft
Emerging evidence suggests that beyond its use for leisure, sauna bathing may be linked to
Budget operator Xercise4Less has named fitness industry veteran Peter Wright as its new CEO. Wright
Active IQ
Active IQ
Rhyl Leisure Centre in north Wales has become the latest publicly-owned fitness facility to focus
Alex Smith, founder of Cares Family and a fellow at the Obama Foundation, will give
Indoor cycling specialist Wattbike has teamed up with Loughborough University (LU) in order to explore
Retailer Debenhams and fitness operator Sweat! have unveiled the opening date for the first of
Fitness On Demand
Fitness On Demand
1 - 15 of 10,423
Features
IHRSA update
Topping the latest IHRSA Global 25 rankings in terms of the number of facilities it runs is US business Fitness International – which trades as LA Fitness – with a portfolio of 675 clubs
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
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
Tech
Body composition analysers are an excellent way to differentiate your club, as well as help your members get results. Kath Hudson reports
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
People
People profile
Aerial is tough initially, but people get addicted because of the results they see and because it makes you completely switch off
People
Interview
In five years’ time, I see us being closer to 500 clubs than 400 and there’s opportunity internationally too –possibly in the US - Rebecca Passmore
People
People profile
There’s no doubt in my mind that training outdoors is a huge mood booster, and a better mood will always result in a better workout
People
Interview
Ultimately, people don’t need a place to exercise; if that’s what they want, they’ve got their front room. What people really need from us is the inspiration and motivation to exercise – and that’s the DNA of Third Space
People
Interview
I want to build a social lifestyle brand that combines music and wellness to create something that inspires people. I want to change the way people think of working out, so it’s like going to a club or a concert
People
People profile
We develop a community feel by partnering people up in classes and running social events and monthly challenges
People
Profile
We’ve strategically positioned ourselves as mid-market, with a more premium offering than many of our competitors
People
Interview
We believe the world becomes a better place when more people exercise, which is why we need The Mirai as a beacon – to motivate millions of people to enjoy exercising and moving more
People
People profile
I love that CycleBar encourages a community while not taking itself too seriously. We want our riders to have a great time while they’re making positive choices for their fitness
People
Catalogue Gallery
Click on a catalogue to view it online
Featured suppliers
Featured supplier: Welcome to The Salon & Spa Owners’ Club & Restaurant
The Salon & Spa Owners’ Club Restaurant is a beautiful silver service restaurant on the show floor.
Featured suppliers
Featured supplier: Dyaco & Johnny G to pioneer Ride of Truth training programme
Dyaco has partnered with Spinning® inventor Johnny G to manufacture the new Johnny G by Spirit bike and is aiming to revolutionise group exercise.
Video Gallery
Welcome to Active IQ
Active IQ
Active IQ is an awarding organisation recognised and regulated by Ofqual within the Active Leisure sector designing qualifications that support clear career pathways. Read more
More videos:
Company profiles
Company profile: Legend Club Management Systems (UK) Ltd
Legend provides the leading software solution for driving improvements in leisure operations. We deliver savings ...
Company profiles
Company profile: Rephouse Europa Ltd
Rephouse is a leading manufacturer of high-performance fitness flooring systems. With its state-of-the-art production technology ...
Directory
Lockers
Fitlockers: Lockers
Finance
Portman Asset Finance Limited: Finance
Spa software
SpaBooker: Spa software
Clothing/promotional merchandise
Taylor Made Designs: Clothing/promotional merchandise
Trade associations
International SPA Association - iSPA: Trade associations
Audio visual
Lightmasters UK Ltd: Audio visual
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Member access schemes
Move GB: Member access schemes
Exercise equipment
Technogym: Exercise equipment
Flooring
Total Vibration Solutions Ltd: Flooring
Property & Tenders
White Rocks, Hastings
GVA
Property & Tenders
Diary dates
28 Aug - 01 Sep 2018
tbc, Sao Paulo, Brazil
Diary dates
22-23 Sep 2018
Worldwide,
Diary dates
Job search
Active IQ
Active IQ