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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

Pure Gym plans further expansion following double-digit growth

Expansion remains a key focus for the year ahead
– Humphrey Cobbold

Budget operator Pure Gym achieved double-digit growth in revenue and profitability during 2018, cementing its position as the UK's largest gym chain.

Announcing its annual results for the year to 31 December 2018, the group reported revenues of £228.4m – an increase of 15 per cent on 2017 figures. Group earnings before interest, tax, depreciation and amortisation jumped 14 per cent during the year to £73.1m.

Alongside continued strong financial performance, PureGym set a new UK record for gym membership numbers and successfully integrated Soho Gyms following the acquisition of 10 fitness clubs in June 2018.

It now has more than one million members following a 9 per cent increase in memberships, driven by the addition of 30 clubs during 2018 – taking the number of clubs in its portfolio to 222.

Of the new sites, 26 were organic openings and four were Soho Gym conversions.

Humphrey Cobbold, Pure Gym CEO, said there will be continued expansion in 2019 – adding that of 24 April there were already 235 PureGym sites open.

"We’re seeing a great demand for new sites as people become increasingly aware of the importance of leading healthy lifestyles," Cobbold said.

"As well as continued innovation, expansion remains a key focus for the year ahead, and with our new formats, we can welcome more people than ever to our gyms.

"Since January we have already opened 13 new and converted gyms and we’re confident that 2019 will be a strong year for new site opening performances."

During the year, Pure Gym also tested its new ‘small box’ format successfully and now plans to roll it out nationwide.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Budget operator Pure Gym achieved double digit growth in revenue and profitability during 2018, cementing its position as the UK's largest gym chain.
HAF,FIT,IND,PTS
imagesX/THUMB341610_818506_178797.jpg
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News

Pure Gym plans further expansion following double-digit growth

Expansion remains a key focus for the year ahead
– Humphrey Cobbold

Budget operator Pure Gym achieved double-digit growth in revenue and profitability during 2018, cementing its position as the UK's largest gym chain.

Announcing its annual results for the year to 31 December 2018, the group reported revenues of £228.4m – an increase of 15 per cent on 2017 figures. Group earnings before interest, tax, depreciation and amortisation jumped 14 per cent during the year to £73.1m.

Alongside continued strong financial performance, PureGym set a new UK record for gym membership numbers and successfully integrated Soho Gyms following the acquisition of 10 fitness clubs in June 2018.

It now has more than one million members following a 9 per cent increase in memberships, driven by the addition of 30 clubs during 2018 – taking the number of clubs in its portfolio to 222.

Of the new sites, 26 were organic openings and four were Soho Gym conversions.

Humphrey Cobbold, Pure Gym CEO, said there will be continued expansion in 2019 – adding that of 24 April there were already 235 PureGym sites open.

"We’re seeing a great demand for new sites as people become increasingly aware of the importance of leading healthy lifestyles," Cobbold said.

"As well as continued innovation, expansion remains a key focus for the year ahead, and with our new formats, we can welcome more people than ever to our gyms.

"Since January we have already opened 13 new and converted gyms and we’re confident that 2019 will be a strong year for new site opening performances."

During the year, Pure Gym also tested its new ‘small box’ format successfully and now plans to roll it out nationwide.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Budget operator Pure Gym achieved double digit growth in revenue and profitability during 2018, cementing its position as the UK's largest gym chain.
HAF,FIT,IND,PTS
imagesX/THUMB341610_818506_178797.jpg

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Butt, bottom, booty, bum – whatever you call it, working the backside is a vital part of the balance, power and wellbeing equation and has been ignored for too long, as Tom Tawell reports
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FREE WEBINAR
promotion
This free webinar on 26 January will see our panellists reflect on the changes to work in 2020, and their priorities for 2021.
Opinion: 2021 is the year to prioritise global culture
Featured supplier news
Featured supplier: Core Health & Fitness announces partnership with Énergie Fitness Iberia
Core Health & Fitness is proud to have signed an exclusive supplier agreement for the roll- out of all projected clubs with Énergie Fitness Iberia over the next seven years.
Featured supplier news
Featured supplier: What does a socially distanced leisure centre and health club look like?
The world has had to get used to social distancing in 2020 and any business operating in the leisure and hospitality sectors has had to face this challenge more than most.
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Company profile: Octane Fitness
A global innovator of high-performance fitness equipment, Octane Fitness, a Nautilus, Inc. brand, continually redefines ...
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Company profile: Premier Software Solutions Ltd
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Supplier Showcases
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Catalogue Gallery
Click on a catalogue to view it online
Directory
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Software
Volution.fit: Software
Fitness equipment
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Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Spa software
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