Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Health Club Management

Health Club Management

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Health Club Management

Health Club Management

News

The Gym Group reports record revenues – plans to tackle the impact of Covid-19

To date, we have seen a small impact on trading and all of our gyms remain open
– Richard Darwin

The Gym Group saw revenues and profit increase during 2019, a year in which it opened 20 new gyms, taking the number of sites in its portfolio to 175.

Two of the new locations were the first two "small box" formats, as the budget operator looks to access new markets.

The new openings resulted in the total number of members to grow by 9.7 per cent to 794,000.

Revenue for the year (to 31 December 2019) surged to £153.1m, up from £123.8m in 2018 – an increase of 23.6 per cent. Adjusted profit before tax for the year was £14.0m, up 36.0 per cent from the 2018 figure of £10.3m.

It also revealed that its premium offer, LIVE IT, continues to grow with around 150,000 members now taking up the option – representing 18.9 per cent of the total membership. At the end of 2018, the proportion of members opting for LIVE IT – which offers multiple gym access, unlimited body composition measurements and discounts and perks – was 11.7 per cent of total members.

Despite the strong results, CEO Richard Darwin said the company was now preparing for the negative effects of COVID-19 (Coronavirus).

“While 2019 was another successful year in which we delivered substantial growth in members, revenue and profits, we are now focused on planning for the potential impact on our business of Covid-19," Darwin said.

"To date, we have seen a small impact on trading and all of our gyms remain open.

"We go into a period of anticipated disruption with an established membership base, a cash generative business model and a strong balance sheet. As the scale of the outbreak escalates we have contingency plans in place.

"Our business has a significant reach with over 10 million member visits already this year and our focus is to be in a strong position when we emerge from the Covid-19 disruption to extend access to affordable fitness across the UK."

He added that the company had already launched four new sites since 31 December 2020, increasing the number of gyms to 179.

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News

The Gym Group reports record revenues – plans to tackle the impact of Covid-19

To date, we have seen a small impact on trading and all of our gyms remain open
– Richard Darwin

The Gym Group saw revenues and profit increase during 2019, a year in which it opened 20 new gyms, taking the number of sites in its portfolio to 175.

Two of the new locations were the first two "small box" formats, as the budget operator looks to access new markets.

The new openings resulted in the total number of members to grow by 9.7 per cent to 794,000.

Revenue for the year (to 31 December 2019) surged to £153.1m, up from £123.8m in 2018 – an increase of 23.6 per cent. Adjusted profit before tax for the year was £14.0m, up 36.0 per cent from the 2018 figure of £10.3m.

It also revealed that its premium offer, LIVE IT, continues to grow with around 150,000 members now taking up the option – representing 18.9 per cent of the total membership. At the end of 2018, the proportion of members opting for LIVE IT – which offers multiple gym access, unlimited body composition measurements and discounts and perks – was 11.7 per cent of total members.

Despite the strong results, CEO Richard Darwin said the company was now preparing for the negative effects of COVID-19 (Coronavirus).

“While 2019 was another successful year in which we delivered substantial growth in members, revenue and profits, we are now focused on planning for the potential impact on our business of Covid-19," Darwin said.

"To date, we have seen a small impact on trading and all of our gyms remain open.

"We go into a period of anticipated disruption with an established membership base, a cash generative business model and a strong balance sheet. As the scale of the outbreak escalates we have contingency plans in place.

"Our business has a significant reach with over 10 million member visits already this year and our focus is to be in a strong position when we emerge from the Covid-19 disruption to extend access to affordable fitness across the UK."

He added that the company had already launched four new sites since 31 December 2020, increasing the number of gyms to 179.

Sign up for FREE ezines & magazines
Related news

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EMD UK
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Features
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Body scanning has become a major fitness trend, offering both operators and members alike insight into their body composition, muscle mass and fat percentage. Operators offering body scanning share their experiences
Features
Research
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Features
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Job search
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Featured supplier news
Featured supplier: The unmissable independent fitness event is back!
Pre-sale tickets are now available for the UK’s only event created exclusively for personal trainers, gym owners and fitness managers working in the independent gym and health club sector.
Featured supplier news
Featured supplier: Incorpore and MoveGB ink groundbreaking partnership to transform corporate wellness offering
Incorpore and MoveGB have entered into a landmark partnership, combining the UK’s largest provider of corporate gym memberships with the nation’s biggest network of classes.
Opinion
promotion
The modern training gym champions functional fitness in a small group personal training model, with a premium service experience at its heart
Opinion: Overcome membership attrition with this surprising new industry trend: the modern training gym
Video Gallery
How to use the MZ-Bodyscan
MyZone
The Best Product for the Best Clubs Read more
More videos:
Company profiles
Company profile: Incorpore Limited
Incorpore Ltd is a leading fitness and wellness company which has been successfully delivering solutions ...
Company profiles
Company profile: DFC
DFC
At DFC, we offer totally transparent revenue management solutions with clear pricing and no hidden ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Exercise equipment
Star Trac / Core Health & Fitness: Exercise equipment
Trade associations
International SPA Association - iSPA: Trade associations
Lockers/interior design
Fitlockers: Lockers/interior design
Direct debit solutions
Harlands Group: Direct debit solutions
Fitness equipment
Stages Cycling: Fitness equipment
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Skincare
Sothys: Skincare
Locking solutions
Ojmar: Locking solutions
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Property & Tenders
Greywell, Hampshire
Barnsgrove Health and Wellness Club
Property & Tenders
Derby City Council
Property & Tenders
Diary dates
19-24 Apr 2020
tbc, Beijing, China
Diary dates
04 Jun 2020
Marriott Forest of Arden Hotel & Country Club, Birmingham, United Kingdom
Diary dates
13 Jun 2020
Worldwide, Various,
Diary dates
17-18 Jun 2020
ExCeL London, London, United Kingdom
Diary dates
06-07 Jul 2020
Eastwood Hall, Nottingham, United Kingdom
Diary dates
21-24 Sep 2020
Loews Coronado Bay Resort, Coronado, United States
Diary dates
17-23 Oct 2020
Pinggu, Beijing, China
Diary dates
30-31 Oct 2020
NEC, Birmingham, United Kingdom
Diary dates
27-28 Nov 2020
Athena, Leicester, United Kingdom
Diary dates
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Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab