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Precor UK
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Duncan Bannatyne takes back the reins at Bannatyne as CEO Justin Musgrove steps down

I'm thrilled to be back at the frontline
– Duncan Bannatyne

Duncan Bannatyne is to return to frontline involvement in the health club, spa and hotel business that bears his name, as current CEO, Justin Musgrove, announces his departure for a new role in the Middle East.

Bannatyne, who will function as executive chairman, said he was "thrilled to be back at the frontline, leading the business at a time of great opportunity and excitement in the UK economy".

He told HCM: "Our CEO, Justin Musgrove, has done a great job in the last five years and we wish him well as he embarks on a new career in the Middle East. He leaves the business in fine fettle and I will enjoy running it again in a more hands-on role."

Bannatyne added that, following this period of investment, the business is expected to maintain its growth and profits. It currently has 210,000 members and employs more than 3,000 people.

Bannatyne Group has a portfolio of 72 health clubs, 47 spas and four hotels, boasting a turnover of £127.5m in the year to December 2018 in its latest results. This figure represents growth of 8.5per cent on its 2017 results (£117.6m). Profit improved slightly, from £14.3m to £14.6m between the two years.

The group has been progressing through a three-year, £50m re-equipping and refurbishing programme, with the final stage of this now starting. It said that new app-based technology allowing members to monitor their fitness using personal electronic wristbands has been rolled out successfully.

Musgrove, who was previously with Center Parcs, has steered the company into safe waters following a serious fraud incident in 2014.

Christopher Watson, the former finance director of the Bannatyne Group, was jailed in 2015 after admitting to defrauding the company out of nearly £8m over a six-year period.

Watson took £7,974,221 from July 2008 to July 2014, which he used to pay off millions of pounds of gambling debts and buy several properties.

Duncan Bannatyne is to return to frontline involvement in the health club, spa and hotel business that bears his name, as current CEO, Justin Musgrove, announces his departure for a new role in the Middle East.
HAF
imagesX/THUMB342328_784601_805602.jpg
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News

Duncan Bannatyne takes back the reins at Bannatyne as CEO Justin Musgrove steps down

I'm thrilled to be back at the frontline
– Duncan Bannatyne

Duncan Bannatyne is to return to frontline involvement in the health club, spa and hotel business that bears his name, as current CEO, Justin Musgrove, announces his departure for a new role in the Middle East.

Bannatyne, who will function as executive chairman, said he was "thrilled to be back at the frontline, leading the business at a time of great opportunity and excitement in the UK economy".

He told HCM: "Our CEO, Justin Musgrove, has done a great job in the last five years and we wish him well as he embarks on a new career in the Middle East. He leaves the business in fine fettle and I will enjoy running it again in a more hands-on role."

Bannatyne added that, following this period of investment, the business is expected to maintain its growth and profits. It currently has 210,000 members and employs more than 3,000 people.

Bannatyne Group has a portfolio of 72 health clubs, 47 spas and four hotels, boasting a turnover of £127.5m in the year to December 2018 in its latest results. This figure represents growth of 8.5per cent on its 2017 results (£117.6m). Profit improved slightly, from £14.3m to £14.6m between the two years.

The group has been progressing through a three-year, £50m re-equipping and refurbishing programme, with the final stage of this now starting. It said that new app-based technology allowing members to monitor their fitness using personal electronic wristbands has been rolled out successfully.

Musgrove, who was previously with Center Parcs, has steered the company into safe waters following a serious fraud incident in 2014.

Christopher Watson, the former finance director of the Bannatyne Group, was jailed in 2015 after admitting to defrauding the company out of nearly £8m over a six-year period.

Watson took £7,974,221 from July 2008 to July 2014, which he used to pay off millions of pounds of gambling debts and buy several properties.

Duncan Bannatyne is to return to frontline involvement in the health club, spa and hotel business that bears his name, as current CEO, Justin Musgrove, announces his departure for a new role in the Middle East.
HAF
imagesX/THUMB342328_784601_805602.jpg

News

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New fitness franchise, Circuit Society, has signed its first London location in Bayswater. The 3,000sq
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The health and fitness industry is eagerly awaiting the return of Elevate, which will take
Active Nottingham, part of Nottingham City Council, has released a children’s book called Can We
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1 - 20 of 12,209
HCM Magazine
Tech
Each health club has its own unique challenges, but the right tech solution can make all the difference. In the first of a two-part series, specialists share how they’ve solved specific issues
HCM Magazine
Q&A
Social media influencers cause harm by raising unrealistic expectations of physical perfection, as Andrea Dearden explains
HCM Magazine
Sponsored
Yate Leisure is one of the largest sites in Circadian Trust’s portfolio, with around 4,000 members. Ben Beasley, director of commercial development, explains why they were an early adopter of Technogym Biocircuit, and how the offer has evolved
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As HCM passed its 300th edition milestone, readers shared their thoughts and feelings on HCM’s contribution to the industry in a very special postbag
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HCM Magazine
Write to reply
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
HCM Magazine
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We want Grndhouse to be everywhere: in gyms, hotels, on holidays, at home – it’s boutique fitness in your hand
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Chief of athletics, F45
Choose consistent over perfect. That’s the long game. It’s never too late to pivot to that mindset
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Featured supplier news
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The health and fitness industry is eagerly awaiting the return of Elevate, which will take place on 15-16 June 2022 at ExCeL London.
Featured supplier news
Featured supplier news: UK health clubs hit by rising cost of energy
Health clubs across the UK are facing huge rises in business energy bills which are forcing difficult decisions.
Featured operator news
Featured operator news: Serco Leisure wins 10-year Mansfield contract
Following a competitive tendering process, Serco Leisure and its partner More Leisure Community Trust Limited (MLCT) have been awarded a 10-year contract by Mansfield District Council to operate three centres in the town, starting 1 May 2022.
Featured operator news
Featured operator news: New partnership delivers swimming support to children with disabilities
A new partnership has been launched to provide inclusive swimming for children with mobility, visual and hearing disabilities.
Video Gallery
Sport Alliance GmbH
Total Vibration Solutions / Floors 4 Gyms / TVS Sports Surfaces
Mindbody, Inc
Company profiles
Company profile: Parkwood Leisure
Parkwood Leisure is a family-owned leisure management company working with local authority partners across England ...
Company profiles
Company profile: Gympass
Gympass is a corporate wellbeing platform that ignites and fuels every journey to feel good....
Supplier Showcases
Supplier showcase - Pulse Fitness: trusted partner
Catalogue Gallery
Click on a catalogue to view it online
Directory
Skincare
Sothys: Skincare
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Wearable technology solutions
MyZone: Wearable technology solutions
On demand
Fitness On Demand: On demand
trade associations
International SPA Association - iSPA: trade associations
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Management software
Premier Software Solutions: Management software
Salt therapy products
Saltability: Salt therapy products
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Spa software
SpaBooker: Spa software
Property & Tenders
Pendine Sands, Carmarthenshire
Carmarthenshire County Council
Property & Tenders
Runcorn
Halton Borough Council
Property & Tenders
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
30-30 Jun 2022
The ICC, Birmingham, Birmingham , United Kingdom
Diary dates
12-13 Sep 2022
Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
Diary dates
25-28 Oct 2022
Messe Stuttgart, Germany
Diary dates
25-28 Oct 2022
Ibiza, Ibiza, Spain
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
17-18 Mar 2023
Tobacco Dock, London, United Kingdom
Diary dates
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