Les Mills
Les Mills
Les Mills
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

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.
HAF,FIT,IND,PHR
992469_910570.jpg
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The breadth of our offering will be unique and we feel that our wide range of racquet sports will be of particular interest – we’ll be offering badminton, squash and tennis, which fit in with the social and fitness needs of the audience
Features
Social responsibility
A year after the launch of its first outdoor gym made from melted down, confiscated knives, Steel Warriors has won the support of the Co-op, which has pledged to fund the roll-out of a further 20 calisthenics gyms, as Kath Hudson reports
Features
Ask the experts
The UK health and fitness industry has doubled in size since 2000. Will growth continue, or even gather pace? And what does this mean for the European health and fitness market? How big could it grow and what factors will have an impact? HCM asks those who have the most up to date research
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Fitness expert, Matt Roberts, has chosen Pavigym’s PRAMA system to create an immersive, personalised workout experience at his new gym at The Langley hotel in Berkshire
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The Life Fitness entrepreneur and ALS charity fundraiser is returning to the business that made his name
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Human beings were designed to run, jump, lift and carry things. Unfortunately, society has evolved in a way that promotes a sedentary lifestyle, which is creating massive physical, emotional and mental dysfunction on a global scale
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This isn’t about gender. I got the role because I’m absolutely the best person for the job - Sophie Lawler
Job search
POST YOUR JOB
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Professional services
Deloitte UK: Professional services
Management software
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Safe Space Lockers Ltd: Lockers/interior design
Spa software
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Exercise equipment
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Skincare
Comfort Zone - Davines S.p.A: Skincare
Flooring
Total Vibration Solutions Ltd: Flooring
Trade associations
International SPA Association - iSPA: Trade associations
Property & Tenders
Diary dates
05-06 Sep 2019
TagusPark, Oeiras, Portugal
Diary dates
21-22 Sep 2019
Locations worldwide,
Diary dates

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.

Sign up for FREE ezines & magazines
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.
HAF,FIT,IND,PHR
992469_910570.jpg

News

Former Cabinet Secretary Lord Gus O’Donnell and professor Helen Stokes-Lampard, the chair of the Royal
The Singapore government is creating a "comprehensive digital health platform" based on the use of
Enhanced designs have been submitted for a £42m swimming pool and waterpark complex in Derby.
Arvinda Gohil has been appointed CEO of Central YMCA. Gohil joins the health and wellbeing
Health and social care secretary Matt Hancock has launched a review into the NHS Health
ukactive has begun a search for two additional members to join its board of directors.
Hutchison Technologies
Hutchison Technologies
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Boutique fitness franchise Spenga has opened two new locations as it looks to ramp up
Fitness franchise Fit Body Boot Camp has revealed that it has more than 200 new
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Wattbike has secured a deal to supply more than 30 Bupa Health Clinic sites across
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TVS Sports Surfaces
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Inactivity is described by The Department of Health as the ‘silent killer’ of our generation,
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Focus Training
Focus Training
1 - 15 of 11,041
Features
India
The breadth of our offering will be unique and we feel that our wide range of racquet sports will be of particular interest – we’ll be offering badminton, squash and tennis, which fit in with the social and fitness needs of the audience
Features
Social responsibility
A year after the launch of its first outdoor gym made from melted down, confiscated knives, Steel Warriors has won the support of the Co-op, which has pledged to fund the roll-out of a further 20 calisthenics gyms, as Kath Hudson reports
Features
Ask the experts
The UK health and fitness industry has doubled in size since 2000. Will growth continue, or even gather pace? And what does this mean for the European health and fitness market? How big could it grow and what factors will have an impact? HCM asks those who have the most up to date research
Features
Supplier showcase
Fitness expert, Matt Roberts, has chosen Pavigym’s PRAMA system to create an immersive, personalised workout experience at his new gym at The Langley hotel in Berkshire
Features
Body scanning
Will the body image debate define the future of fit-tech? Becca Douglas looks at the evidence
Features
IHRSA Update
The global health and fitness markets reached an all-time high in terms of memberships in 2018. IHRSA’s Melissa Rodriguez highlights the topline numbers for HCM
Features
feature
EMS training is having a major impact on the studio and gym market and being used by athletes, celebrities and also for rehabilitation. We talk to a select group of studio owners to hear how they’re maximising the versatility of this type of training
Features
People
The Life Fitness entrepreneur and ALS charity fundraiser is returning to the business that made his name
People
Human beings were designed to run, jump, lift and carry things. Unfortunately, society has evolved in a way that promotes a sedentary lifestyle, which is creating massive physical, emotional and mental dysfunction on a global scale
People
This isn’t about gender. I got the role because I’m absolutely the best person for the job - Sophie Lawler
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HCM people

Martin Seibold

CEO Life Fit Group
Gathering existing, strong brands under one roof to create the new Life Fit Group made perfect sense
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The business wasn’t getting the numbers needed, so I raised the prices by 25 per cent. It worked and we didn’t skip a beat
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Andrew Grill

Practical Futurist
Your marketing department will have to start writing ad copy for robots, not for humans. These digital agents will be gatekeepers, a bit like a PA. It’s already happening, so get ahead and start using it
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People think we live in terrible times, but actually the world has never been in a better state - Dr Mouna Esmaeilzadeh
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We bought gyms in Brisbane, Queensland, and we were one of the first clubs to put proper air conditioning in – that was the big thing that was needed at the time
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The boxing entrepreneur aims to help people ‘unleash the fighter within’ to better handle life’s challenges, with the slogan, ‘It’s not yours until you fight for it’
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Job search
POST YOUR JOB
Featured supplier news
Featured supplier: Gympass tops 2,000 fitness facilities on its platform
Gympass has reinforced its leading position in the corporate fitness market, topping 2,000 fitness facilities available on its platform across the UK.
Featured supplier news
Featured supplier: Eleiko makes deadlifting more accessible with the Öppen Deadlift Bar
Eleiko, a Swedish weightlifting equipment specialist, is reinforcing its position in the strength and fitness market with the launch of the Öppen Deadlift Bar,
Opinion
promotion
As an industry, we still underestimate the power of a truly varied fitness regime - and the growing appetite for it, especially among emerging customer segments.
Opinion: Collaboration vs aggregation - what’s the difference?
Company profiles
Company profile: Xn Leisure Systems Ltd
Xn Leisure is a provider of cutting-edge health and fitness software, offering an exceptional service ...
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 ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Professional services
Deloitte UK: Professional services
Management software
Fisikal: Management software
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Spa software
SpaBooker: Spa software
Exercise equipment
EXF Fitness Equipment: Exercise equipment
Skincare
Comfort Zone - Davines S.p.A: Skincare
Flooring
Total Vibration Solutions Ltd: Flooring
Trade associations
International SPA Association - iSPA: Trade associations
Property & Tenders
Diary dates
05-06 Sep 2019
TagusPark, Oeiras, Portugal
Diary dates
21-22 Sep 2019
Locations worldwide,
Diary dates
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Les Mills
Les Mills