Parkwood to seek health and fitness opportunities | Leisure Opportunities
Leaderboard
Job Search
see all jobs
Latest job opportunities
Halo Leisure
£35 - £45k (OTE)
Leominster, United Kingdom
job focus
The Gym Group
Highly competitive salary + c20% bonus + optional PT income
Nationwide, United Kingdom
Gateshead Council
£15,375 - £16,491 (Pro Rata)
Gateshead, United Kingdom
Coventry Sports Foundation
£9.00 per hour
Coventry, United Kingdom
Greenhouse Sports
c£25,000 pa (depending on qualifications, skills and experience)
Southwark, United Kingdom

Parkwood to seek health and fitness opportunities

Job opportunities
training
The Gym Academy
location: Nationwide, United Kingdom
The Hurlingham Club
Competitive
location: Fulham, London, United Kingdom
training
Focus Training
location: Nationwide, United Kingdom
more jobs

Andrew Holt, managing director of Parkwood Leisure, the public sector leisure management division of Parkwood holdings, has said the time could be right for the company to enter the private health and fitness market.

Speaking exclusively to Leisure Management, Holt said that Parkwood, which currently operates fitness suites through its public sector contracts, had deliberately stayed out of the private sector, but that there may now be opportunities.

“We stayed out of the private health and fitness market for two main reasons,” he said. “Firstly, by the time we were of a size to look at that market we’d probably have missed the boat, and secondly, it’s very expensive. The investment was huge and we just didn’t want to take that sort of risk.

“I’m glad we kept out, there’s been a lot of heartache, a lot of companies have struggled and share prices for most of the big companies have fallen. I also think the size of the market has been over-exaggerated.”

However, he now believes that, using his approach of investing, but not over-investing, and keeping prices at a moderate level, there could be room for Parkwood to move in.

“I think the fitness market has peaked and troughed,” he said. “There’s been a big shake up and I think there are going to be opportunities now for companies like ourselves.”

The move could signal a change of strategy for Parkwood as it plans for the future. Holt said he believes PFI leisure schemes – a large part of Parkwood’s business – will slow down and eventually disappear in three to five years; the government has already issued guidelines suggesting local authorities shouldn’t look at PFI leisure unless capital investment is greater then £20m.

He also said that the establishment of leisure trusts has made life harder for companies like his.

“It’s difficult bidding against leisure trusts,” he said. “They have two huge advantages: they don’t have to make a profit for their shareholders and they are able to attract substantial reductions in the National Non-Domestic rates.”

The company is also looking to boost its contract catering division, particularly seeking opportunities within operations including a leisure element. See full interview with Andrew Holt, LM July/August 2004 – call +44 (0)1462 471913 or visit www.leisuremanagement.co.uk for details

Sign up for FREE ezines & magazines
Andrew Holt, managing director of Parkwood Leisure, the public sector leisure management division of Parkwood holdings, has said the time could be right for the company to enter the private health and fitness market.
HAF
120804-Parkwood.jpg
employer of choice
John Treharne, CEO, The Gym Group
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.