Mental health reasons are the main motivator for gym time May 6, 2024 A survey from The Gym Group identifies supporting mental health as one of the top reasons for gym visits for young people.
Gym Group swings to loss despite uptick in membership volumes September 2, 2021 The Gym Group swung to a loss in the first six month of this year despite a sharp uptick in membership volumes, according to half year results published today. The private gym operator posted a £28.5m loss before tax for the six months to June 30, down from just £100,000 from the same period last [...]
Gym Group avoids mentioning loss in market update, but says it’s trading in line with market expectations this year December 16, 2021 The Gym Group this morning said that it is performing in line with full-year market expectations, in terms of its key profit measure of adjusted Ebitda less normalised rent, but failed to update the market on the status of its company losses. Instead, it focused on its robust recovery in membership numbers this year since it [...]
The Gym Group beats expectations on strong reopening demand May 26, 2021 The Gym Group today said trading had outperformed expectations since the easing of lockdown measures as Brits flocked back to its venues to get in shape. The fitness firm reopened its gyms in England on 12 April, followed by reopenings in Scotland on 26 April and Wales on 3 May. Its entire estate of 187 [...]
Gym Group eyes £31m of investor funding for 40 new sites July 1, 2021 The UK’s second-largest gym chain, Gym Group, aims to raise £31m from investors to fund an expansion with 40 new branches. The low-cost gym operator said it plans to open the new sites over the next 18 months as it continues its rapid rollout programme. It said the impact of Covid-19 on the commercial property [...]
The Gym Group swings to hefty 2020 loss following Covid closures March 18, 2021 The Gym Group today said it was equipped to bounce back from a turbulent year after swinging to a heavy loss in 2020. The fitness firm suffered a £46.52m pre-tax loss, which signalled a 433 per cent drop from the £14m profit posted for 2019. The group’s revenue was £80.47m for the year ended 30 [...]
The Gym Group eyes expansion despite pandemic hit to trading January 15, 2021 The Gym Group is eyeing future expansion opportunities despite the impact of the pandemic on trading, which caused revenue to plummet last year. The budget fitness chain said total revenue last year was £80.5m, down from £153.1m in 2019, as the company lost 45 per cent of trading days due to closure as a result [...]
The Gym Group swings to loss following coronavirus closures September 2, 2020 The Gym Group today posted a hefty loss for the first half of the year after the budget gym chain was forced to close all its branches due to the coronavirus outbreak. The figures The Gym Group posted revenue of £37.3m for the first six months of the year, down almost 50 per cent on [...]
Total Fitness is turning its back on the South after recovering from the brink of collapse August 10, 2024 Gym chain Total Fitness is already a well-established name in the North of England with 15 “superclubs” peppered across the region. But despite her ambitious goal of quadrupling the Cheshire-based company’s portfolio in the next five years, CEO Sophie Lawler has zero interest in expanding into the South. It’s a bold move as, according to [...]
Get set for Hyrox: the fastest-growing fitness challenge in the world February 11, 2024 At its core, HYROX is more than just a race; it’s a universally accessible event that offers a test of fitness for all levels.