Gymbox profit surges as company expands London footprint
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Aspire Sports and Cultural Trust
Excellent Salary and Benefits Package
Gloucestershire, UK
star job
Vibrant Partnerships
£40,000 + £10k performance related bonus paid quarterly
Enfield, UK
star job
PureGym
Competitive Salary, Excellent Benefits, & Incentives
Gravesend, Kent
Sport Aberdeen
Up to £26,000 per annum
Aberdeen, UK
Croydon Council
£44,691 - £46,578
Croydon, UK

Gymbox profit surges as company expands London footprint

Job opportunities
The Bedford Lodge Hotel
Competitive Salary and Benefits
location: Suffolk, UK
Central Bedfordshire Council
£30,141 - £31,587 per annum, pro rata
location: Shefford, UK
more jobs

London-based gym chain Gymbox experienced a 28.2 per cent surge in profits as its expansion gathered pace in 2016.

The firm’s membership base grew to 24,000, with several signing up at its newer clubs in Old Street, Stratford and Victoria.

Gymbox has also opened a ninth club in Farringdon, which features a three-lane running track, an Olympic-sized boxing ring and the largest free weights area in London.

As a result its gross profit grew from £12.4m (US$15.1m, €14.3m) in 2015 to £15.9m (US$19.4m, €18.3m) in 2016. Revenues also mushroomed from £13.1m (US$16m, €15.1m) to £16.8m (US$20.5m, €19.4m) over the same period.

The expansion is set to continue after the company secured a £39m (US$47.5m, €45m) funding package from the Business Growth Fund and HSBC in October 2016.

Three new gyms are in the pipeline for 2017.

Marc Diaper, Gymbox CEO, said the opening of the Farringdon club was a “huge milestone”.

“This, together with a strong performance in 2016 and further clubs in the pipeline, stands us in great stead for the year ahead,” he added.

Sign up for FREE ezines & magazines
London-based gym chain Gymbox experienced a 28.2 per cent surge in profits as its expansion gathered pace in 2016.
HAF
THUMB485306_866907.jpg
employer of choice
Would you like to work for a gym operator that allows you to develop and use your skills to the full whilst being well rewarded? The Gym is totally committed to allowing 'the manager to manage' and rewarding our key personnel for delivery... More
Active IQ
Active IQ