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FreeMotion Fitness
FreeMotion Fitness
FreeMotion Fitness
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

The Gym Group marches on as revenue hits £60m

The Gym Group posted a solid set of maiden preliminary financial results this morning (15 March), hitting market expectations for 2015 – the year when it became the first UK gym operator to go public in more than a decade.

The chain founded by John Treharne in 2008 announced that revenue increased by 31.9 per cent during 2015 to reach £60m. Adjusted profits before tax exceeded market consensus to hit £5.3m, while reported losses before tax were £12.4m, which the company attributed to financing costs for its listing and exceptional costs.

“2015 was a landmark year for The Gym Group with an acceleration in roll out and strong results, culminating in a successful IPO,” said company CEO Treharne.

“Our low cost, affordable and disruptive model, which we relentlessly strive to improve, resonates with consumers as demonstrated by the near 30 per cent increase in membership in 2015.”

As reported by Health Club Management in January, The Gym Group confirmed it expects to add 15-20 gyms to its 74-strong portfolio during 2016 as it seeks to build on 2015’s momentum. The chain has enjoyed an encouraging start to the year, with membership increasing 11.2 per cent in the traditionally busy first two months of the calendar.

The company also said that it expects to benefit from the maturation of more sites in 2016. Currently, 34 of the chain’s 74 sites have been open for less than two years and profitability will increase as more locations reach full capacity.

Shares in The Gym Group have increased by more than 20 per cent since the IPO in November and have regularly been touted by analysts and tipsters. But despite meeting forecasts this morning, the gym chain's results failed to impress investors, as shares fell 5 per cent in early trading.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The Gym Group posted a solid set of maiden preliminary financial results this morning (15 March), hitting market expectations for 2015 – the year when it became the first UK gym operator to go public in more than a decade.
HAF,FIT,IND,PHR
THUMB9097_241151.jpg
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Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
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07-10 Apr 2022
Exhibition Centre , Cologne, Germany
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15-16 Jun 2022
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News

The Gym Group marches on as revenue hits £60m

The Gym Group posted a solid set of maiden preliminary financial results this morning (15 March), hitting market expectations for 2015 – the year when it became the first UK gym operator to go public in more than a decade.

The chain founded by John Treharne in 2008 announced that revenue increased by 31.9 per cent during 2015 to reach £60m. Adjusted profits before tax exceeded market consensus to hit £5.3m, while reported losses before tax were £12.4m, which the company attributed to financing costs for its listing and exceptional costs.

“2015 was a landmark year for The Gym Group with an acceleration in roll out and strong results, culminating in a successful IPO,” said company CEO Treharne.

“Our low cost, affordable and disruptive model, which we relentlessly strive to improve, resonates with consumers as demonstrated by the near 30 per cent increase in membership in 2015.”

As reported by Health Club Management in January, The Gym Group confirmed it expects to add 15-20 gyms to its 74-strong portfolio during 2016 as it seeks to build on 2015’s momentum. The chain has enjoyed an encouraging start to the year, with membership increasing 11.2 per cent in the traditionally busy first two months of the calendar.

The company also said that it expects to benefit from the maturation of more sites in 2016. Currently, 34 of the chain’s 74 sites have been open for less than two years and profitability will increase as more locations reach full capacity.

Shares in The Gym Group have increased by more than 20 per cent since the IPO in November and have regularly been touted by analysts and tipsters. But despite meeting forecasts this morning, the gym chain's results failed to impress investors, as shares fell 5 per cent in early trading.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The Gym Group posted a solid set of maiden preliminary financial results this morning (15 March), hitting market expectations for 2015 – the year when it became the first UK gym operator to go public in more than a decade.
HAF,FIT,IND,PHR
THUMB9097_241151.jpg

News

UK Health clubs, gyms, hotels, pubs and other leisure businesses will all receive a 50
Fitness First UK has changed its pricing structure and is now offering a flexible membership
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The Local Government Association (LGA) has called on the UK government to invest £875m in
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FIBO Exhibition
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Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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David Minton says the healthy movement industry is ten times bigger than the health club sector, and the care industry four times bigger and ask why we’re not rushing to collaborate?
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HCM People

Danielle Obe

Chair, The Black Swimming Association
Our vision is a future with ethnic diversity in aquatics
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I’d like to see the gym sector help champion the social prescribing agenda, as a route to getting more people engaged in physical activity
HCM magazine
Featured supplier news
Featured supplier news: FitnessOnDemand launches new live-streaming feature for all fitness clubs and their members
FitnessOnDemand (FOD) [IHRSA BOOTH 1509] the leader in on-demand content from the world’s most innovative fitness brands and celebrity trainers, this month introduces a new platform evolution for all club operators and their customers.
Featured supplier news
Featured supplier news: Uptivo: Individual and group heart rate tracking
Uptivo is an all-in-one digital solution for fitness clubs, fitness boutique studios and personal trainers that provides powerful tools to schedule activities, manage member payments, and monitor heart rate both for remote and on-site classes.
Featured operator news
Featured operator news: Everyone Active bolsters Everyone on Demand and enters second year with five new partnerships
Everyone Active has signed a number of new deals which will see the operator strengthen its digital product offering, Everyone on Demand.
Featured operator news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
Company profiles
Company profile: IONTO Health & Beauty GmbH
IONTO-COMED offers a wide range of treatment beds offering maximum flexibility and the symbiosis of ...
Company profiles
Company profile: Crown Sports Lockers
Crown Sports Lockers has designed, crafted and fitted bespoke timber furniture for spas, hotels and ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Architects/designers
Zynk Design Consultants: Architects/designers
Uniforms
Service Sport: Uniforms
Red Light Therapy
 Red Light Rising: Red Light Therapy
Salt therapy products
Saltability: Salt therapy products
Management software
Premier Software Solutions: Management software
trade associations
International SPA Association - iSPA: trade associations
Wearable technology solutions
MyZone: Wearable technology solutions
Exercise equipment
Power Plate: Exercise equipment
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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