Latest
issue
GET HCM
magazine
Sign up for the FREE digital edition of HCM magazine and also get the HCM ezine and breaking news email alerts.
Not right now, thanksclose this window I've already subscribed!
Technogym
Technogym
Technogym
Follow Health Club Management on Twitter Like Health Club Management on Facebook Join the discussion with Health Club Management on LinkedIn Follow Health Club Management on Instagram
FITNESS, HEALTH, WELLNESS

Latest news

Blok reveals new fund-raise and ambitious growth plan

Boutique operator, Blok, targeting a £500k fundraise to finance the development and rollout of an elevated hybrid digital platform
The high-end club has launched a new Crowdcube campaign ahead of a possible Series A funding round next year
Founder and CEO, Ed Stanbury told HCM the company plans to expand both its physical and digital operations
Blok aims to more than double its physlcal footprint in the next two years

Blok has launched a fundraising campaign on Crowdcube. The company’s goal is to reach £500,000 – ahead of a possible funding round in 2023.

The investment is earmarked to accelerate the devleopment of Blok's hybrid digial platform and fund the construction of additional clubs in the UK.

The raise is currently only open by private invitation on the Crowdcube platform but will be open to the public in December.

Since launching in 2016, the company has opened three studios – two in London and one in Manchester – as well as launching digital platform, Blok TV.

Founder and CEO Ed Stanbury is now aiming to fast-track the company's physical and digital offering to capitalise on the changing market for high-end hybrid offerings, as the online fitness industry is expected to grow in value from US$16.15bn in 2022 to US$79.87bn in 2026.

Along with introducing a new digital product, Blok is also planning to double its physical footprint across London and the UK over the next two years.

“By leveraging the power of our tech, we can build a far superior and significantly more engaging customer experience than either physical gyms alone or digital platforms could ever offer,” said Stanbury.

In 2018 Blok raised over £891,000 from 571 investors on Crowdcube. It launched another campaign in 2020 raising £457,445 – 182 per cent of its £250,000 target.

In February and March 2022 Blok raised £2.75m of a £3.75m raise in pre-Series A bridge funding, led by ACF Investors, to drive business growth, which included hybrid studios and a digital fitness platform. This round was left open at the time to accommodate the current raise, which is being carried out on the same terms.

Blok’s financials show yearly increases in revenue, with £2.4m this year, £5.3m projected for 2023, £8.4m in 2024 and £23m estimated for 2026. EBITDA has not been disclosed at this time.

As well as VOD (video on demand), virtual studios and live streams – which are offered by competitors in the market – Blok intends to launch two-way live streams, which it claims few fitness brands are currently offering.

Stanbury told HCM the aim is to increase the lifetime value of each customer by driving memberships, with members yielding a lifetime value approaching £3k, versus sums in the £100s for pay-as-you-go, class-pack and Classpass customers.

However, Blok is among Classpass's top operators in Europe and Stanbury says this relationship will also continue.

The company expects to significantly reduce its central overheads and marketing costs as a percentage of revenue by 2026.

Recurring memberships are increasing at a rate of 4.6 per cent per month — with 50 per cent of new members joining as a result of word of mouth. It has a monthly reservation average of 9.6 visits and customer acquisition costs of £56.

Since launching in 2016, the company has recorded 1m in-person bookings, nearly 300,000 digital classes have been taken and over 400 in-person classes are registered each week.

Blok offers workouts and classes around ten disciplines: barre, boxing, yoga, strength, high intensity, dance, Pilates, mobility, restorative and calisthenics.

This story was updated to remove EBITDA, rollout specifics and overhead details at the request of Blok @2 December 2022

See Ed Stanbury's pitch for Blok below:

Blok has launched a fundraising campaign on Crowdcube. The company’s goal is to reach £500,000 – ahead of a possible funding round in 2023.
PTS,HAF,FIT,IND,PHR,TEC
2022/THUMB350502_599122_506021.jpg
Latest News
Planet Fitness has become the subject of a hate campaign by certain groups of consumers ...
Latest News
Recovery, social wellness and longevity were talking points at PerformX recently, tipped by many speakers ...
Latest News
Industry experts are gathering in Cologne for today's European Health & Fitness Forum (EHFF), followed ...
Latest News
Jason Worthy has been appointed group CEO of Myzone to lead the 'next stage of ...
Latest News
John Kersh has announced he is leaving boutique franchisor, Xponential Fitness, after eight years with ...
Latest News
Oxygen Consulting is about to launch its first UK Padel Report, which investigates this fast-growing ...
Latest News
Global publishing outfit, Leisure Media, has announced details of its new annual conference for decision-makers ...
Latest News
Portugese footballer, Cristiano Ronaldo, has launched a health and wellness app that harmonises advice on ...
HCM promotional features
Sponsored
Nuffield Health has 8,300 assets that are outside the original manufacturer’s warranty and are now being maintained by ServiceSport UK
HCM promotional features
Sponsored
Epassi, a provider of workplace wellness benefits, is creating a fitter and more productive workforce, one membership at a time 
HCM promotional features
Sponsored
Operators, prepare to revolutionise the way members connect with personal trainers in your club, with the ground-breaking Brawn platform.
HCM promotional features
Sponsored
The New Keiser M3i Studio Bike brings ride data to life to engage and delight members
HCM promotional features
Sponsored
University of Sheffield Sport has opened the doors of its flagship Goodwin Sports Centre following a major refurbishment
HCM promotional features
Sponsored
D2F had updated its brand styling to keep pace with business growth. MD, John Lofting and operations director, Matt Aynsley, explain the rationale
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
Sponsored
GymNation is pioneering the future of fitness with software specialist Perfect Gym providing a scalable tech platform to power and sustain its growth
HCM promotional features
Sponsored
Francesca Cooper-Boden says health assessment services can boost health club retention
HCM promotional features
HCM magazine
Basic-Fit – which has been scaling rapidly across Europe –  is considering franchising to ramp up growth further afield
HCM magazine
New research has found BMI to be a highly inaccurate measure of childhood obesity, leading current thinking and policy based on it into question
HCM magazine
HCM People

Dr Jonathan Leary

Founder, Remedy Place
It was as though the whole world woke up at the same time
HCM magazine
HCM People

Cristiano Ronaldo

Footballer and entrepreneur
Taking care of your physical and mental health is essential for a fulfilling life
HCM magazine
Go Fit’s value proposition is overwhelming. It makes us very attractive to a lot of people
Featured supplier news
Featured supplier news: Study Active acquires Premier Global name and select branding assets
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the US.
Featured supplier news
Featured supplier news: Sibec EMEA to blend fitness with luxury at Fairmont Monte Carlo
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn.
Company profiles
Company profile: Core Health & Fitness
Core Health & Fitness creates dynamic fitness experiences for the global market with products and ...
Company profiles
Company profile: Keepme
Keepme is the industry innovator delivering AI-integrated sales and membership solutions to fitness operators globally....
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Greenwich Leisure Limited press release: ‘Better’ managers get a ‘taste’ for volunteering
The management team from ‘Better’ leisure centres in the Lewisham area is looking for local projects that need a helping hand.
Featured press releases
KeepMe press release: Gymnation appoints Keepme CEO Ian Mullane to board of directors
The fastest growing gym chain based out of the GCC has appointed Keepme’s CEO, Ian Mullane to its board of directors.
Directory
Lockers
Fitlockers: Lockers
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Cryotherapy
Art of Cryo: Cryotherapy
Snowroom
TechnoAlpin SpA: Snowroom
salt therapy products
Saltability: salt therapy products
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
Property & Tenders
Diary dates
22-24 Apr 2024
Galgorm Resort, York,
Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates

Latest news

Blok reveals new fund-raise and ambitious growth plan

Boutique operator, Blok, targeting a £500k fundraise to finance the development and rollout of an elevated hybrid digital platform
The high-end club has launched a new Crowdcube campaign ahead of a possible Series A funding round next year
Founder and CEO, Ed Stanbury told HCM the company plans to expand both its physical and digital operations
Blok aims to more than double its physlcal footprint in the next two years

Blok has launched a fundraising campaign on Crowdcube. The company’s goal is to reach £500,000 – ahead of a possible funding round in 2023.

The investment is earmarked to accelerate the devleopment of Blok's hybrid digial platform and fund the construction of additional clubs in the UK.

The raise is currently only open by private invitation on the Crowdcube platform but will be open to the public in December.

Since launching in 2016, the company has opened three studios – two in London and one in Manchester – as well as launching digital platform, Blok TV.

Founder and CEO Ed Stanbury is now aiming to fast-track the company's physical and digital offering to capitalise on the changing market for high-end hybrid offerings, as the online fitness industry is expected to grow in value from US$16.15bn in 2022 to US$79.87bn in 2026.

Along with introducing a new digital product, Blok is also planning to double its physical footprint across London and the UK over the next two years.

“By leveraging the power of our tech, we can build a far superior and significantly more engaging customer experience than either physical gyms alone or digital platforms could ever offer,” said Stanbury.

In 2018 Blok raised over £891,000 from 571 investors on Crowdcube. It launched another campaign in 2020 raising £457,445 – 182 per cent of its £250,000 target.

In February and March 2022 Blok raised £2.75m of a £3.75m raise in pre-Series A bridge funding, led by ACF Investors, to drive business growth, which included hybrid studios and a digital fitness platform. This round was left open at the time to accommodate the current raise, which is being carried out on the same terms.

Blok’s financials show yearly increases in revenue, with £2.4m this year, £5.3m projected for 2023, £8.4m in 2024 and £23m estimated for 2026. EBITDA has not been disclosed at this time.

As well as VOD (video on demand), virtual studios and live streams – which are offered by competitors in the market – Blok intends to launch two-way live streams, which it claims few fitness brands are currently offering.

Stanbury told HCM the aim is to increase the lifetime value of each customer by driving memberships, with members yielding a lifetime value approaching £3k, versus sums in the £100s for pay-as-you-go, class-pack and Classpass customers.

However, Blok is among Classpass's top operators in Europe and Stanbury says this relationship will also continue.

The company expects to significantly reduce its central overheads and marketing costs as a percentage of revenue by 2026.

Recurring memberships are increasing at a rate of 4.6 per cent per month — with 50 per cent of new members joining as a result of word of mouth. It has a monthly reservation average of 9.6 visits and customer acquisition costs of £56.

Since launching in 2016, the company has recorded 1m in-person bookings, nearly 300,000 digital classes have been taken and over 400 in-person classes are registered each week.

Blok offers workouts and classes around ten disciplines: barre, boxing, yoga, strength, high intensity, dance, Pilates, mobility, restorative and calisthenics.

This story was updated to remove EBITDA, rollout specifics and overhead details at the request of Blok @2 December 2022

See Ed Stanbury's pitch for Blok below:

Blok has launched a fundraising campaign on Crowdcube. The company’s goal is to reach £500,000 – ahead of a possible funding round in 2023.
PTS,HAF,FIT,IND,PHR,TEC
2022/THUMB350502_599122_506021.jpg

Latest news

Planet Fitness has become the subject of a hate campaign by certain groups of consumers
Recovery, social wellness and longevity were talking points at PerformX recently, tipped by many speakers
Industry experts are gathering in Cologne for today's European Health & Fitness Forum (EHFF), followed
Jason Worthy has been appointed group CEO of Myzone to lead the 'next stage of
John Kersh has announced he is leaving boutique franchisor, Xponential Fitness, after eight years with
Oxygen Consulting is about to launch its first UK Padel Report, which investigates this fast-growing
Elevate
Elevate
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets
Global publishing outfit, Leisure Media, has announced details of its new annual conference for decision-makers
Portugese footballer, Cristiano Ronaldo, has launched a health and wellness app that harmonises advice on
Disturbing new research has found BMI completely fails as an accurate measure of obesity in
A new urban city centre in Gothenburg, Sweden is in development with the aim of
The first annual Private Sector Benchmarking report was released today (27 March). A collaboration between
Egym, has signalled its intention to become a dominant force in the corporate wellness sector
Questex/McLean Events (Spatec/SIBEC)
Questex/McLean Events (Spatec/SIBEC)
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set
With a new master franchisee on board, the rollout of Anytime Fitness in the Middle
Total Fitness has released results for its most recent financial year (to June 23), which
Enjoy building your business because the journey can be as good or better than the
Myzone is now available on smart watches, allowing Android and AppleWatch wearers to record workouts
Egym, which raised €207 million last year in new investment, continues to build its top
Having announced its intention to open 50 low cost gyms in the next three years,
Panatta will consolidate its global presence throughout 2024 by attending a host of major industry
The team behind TRIB3 has launched a reformer Pilates studio concept called PILAT3S, which will
Wello Works, a new concept which mixes a wellness centre and a co-working office, has
1 - 20 of 12,300
HCM promotional features
Sponsored
Nuffield Health has 8,300 assets that are outside the original manufacturer’s warranty and are now being maintained by ServiceSport UK
HCM promotional features
Sponsored
Epassi, a provider of workplace wellness benefits, is creating a fitter and more productive workforce, one membership at a time 
HCM promotional features
Sponsored
Operators, prepare to revolutionise the way members connect with personal trainers in your club, with the ground-breaking Brawn platform.
HCM promotional features
Sponsored
The New Keiser M3i Studio Bike brings ride data to life to engage and delight members
HCM promotional features
Sponsored
University of Sheffield Sport has opened the doors of its flagship Goodwin Sports Centre following a major refurbishment
HCM promotional features
Sponsored
D2F had updated its brand styling to keep pace with business growth. MD, John Lofting and operations director, Matt Aynsley, explain the rationale
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
Sponsored
GymNation is pioneering the future of fitness with software specialist Perfect Gym providing a scalable tech platform to power and sustain its growth
HCM promotional features
Sponsored
Francesca Cooper-Boden says health assessment services can boost health club retention
HCM promotional features
HCM magazine
Basic-Fit – which has been scaling rapidly across Europe –  is considering franchising to ramp up growth further afield
HCM magazine
New research has found BMI to be a highly inaccurate measure of childhood obesity, leading current thinking and policy based on it into question
HCM magazine
HCM People

Dr Jonathan Leary

Founder, Remedy Place
It was as though the whole world woke up at the same time
HCM magazine
HCM People

Cristiano Ronaldo

Footballer and entrepreneur
Taking care of your physical and mental health is essential for a fulfilling life
HCM magazine
Go Fit’s value proposition is overwhelming. It makes us very attractive to a lot of people
HCM magazine
Imposter syndrome about a promotion taught the CEO of SATS that behaving authentically is the most important part of leadership. He talks to Kath Hudson
HCM magazine
Will Orr has been talking to HCM about the company’s new strategy for 2024, as Kath Hudson reports
HCM magazine
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
HCM magazine
Egym has announced deals designed to position it for growth acceleration, as Kath Hudson reports
HCM magazine
Dr Paul Bedford talks to Jak Phillips about the double-edged sword of the strength training trend and his ambitions for the sector
HCM magazine
HCM People

Esther Fairfax

Founder, The Lotte Berk Foundation
My mother was the first person to take dance and create an exercise programme out of it
HCM magazine
Featured supplier news
Featured supplier news: Study Active acquires Premier Global name and select branding assets
Study Active has legally acquired the name “Premier Global” and select Premier Global branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the US.
Featured supplier news
Featured supplier news: Sibec EMEA to blend fitness with luxury at Fairmont Monte Carlo
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn.
Company profiles
Company profile: Core Health & Fitness
Core Health & Fitness creates dynamic fitness experiences for the global market with products and ...
Company profiles
Company profile: Keepme
Keepme is the industry innovator delivering AI-integrated sales and membership solutions to fitness operators globally....
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Greenwich Leisure Limited press release: ‘Better’ managers get a ‘taste’ for volunteering
The management team from ‘Better’ leisure centres in the Lewisham area is looking for local projects that need a helping hand.
Featured press releases
KeepMe press release: Gymnation appoints Keepme CEO Ian Mullane to board of directors
The fastest growing gym chain based out of the GCC has appointed Keepme’s CEO, Ian Mullane to its board of directors.
Directory
Lockers
Fitlockers: Lockers
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Cryotherapy
Art of Cryo: Cryotherapy
Snowroom
TechnoAlpin SpA: Snowroom
salt therapy products
Saltability: salt therapy products
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Grantham, Leicestershire
Belvoir Castle
Property & Tenders
Diary dates
22-24 Apr 2024
Galgorm Resort, York,
Diary dates
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
Diary dates
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
Search news, features & products:
Find a supplier:
Technogym
Technogym
Partner sites