Panatta Sport
Panatta Sport
Panatta Sport
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Redbridge Sports & Leisure
on request
Barkingside, Essex
City of London Corporation
£35,663 - £39,805pa + Local Govt Pension + benefits
Epping Forest, London
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
Swansea Council
£53,653 – £58,089pa
Swansea
Brio Leisure
£35,745pa + excellent benefits
Chester and Frodsham

Gym Group brings in Wais Shaifta and Rio Ferdinand as non-execs and eyes expansion

Job opportunities
Brio Leisure
£35,745pa + excellent benefits
location: Chester and Frodsham, United Kingdom
more jobs
I've been impressed at how The Gym Group is breaking down barriers to fitness and I look forward to contributing as a director to the next stage of growth

The Gym Group has brought in Rio Ferdinand and Wais Shaifta as non-executive directors, signalling a broadening of its remit, new horizons and an intention to continue to refine and expand its member offering.

Shaifta is currently CEO at Europe-wide digital healthcare company, Push Doctor, which works in partnership with the NHS to connect patients with clinicians. He was previously director of global operations at online beauty marketplace, Treatwell (formerly Wahanda), and prior to that spent six years at Just Eat, where he was responsible for group operations strategy.

His appointment will strengthen the board in developing its health- and wellness-related services, as well as its secondary spend operations, while his global experience would help the company in delivering international expansion – an option which is thought to be on the cards.

Footballing legend, Rio Ferdinand, has built a business career in broadcasting, charity and champions areas such as social housing and youth development.

Through the Rio Ferdinand Foundation, he works collaboratively with young people and communities to deliver 'progression pathways' aimed at ensuring young people are socially mobile and empowered to be independent.

An author and filmmaker, Ferdinand is a passionate advocate for fitness, mental health and wellbeing and diversity.

The Gym Group announced the appointments alongside the release of its pre-close trading update for the year to 31 December today. The company said it cut its monthly cash burn to around £5m during the January lockdown – down from £6m during the November shutdown – thanks partly to it utilising grant support recently announced by the government.

The budget chain says it lost 45 per cent of its trading days during 2020, which resulted in total revenue falling by nearly half to £80.5m, down from £153.1m in 2019.

During 2020, the group lost more than 200,000 members, with total year-end membership across its 184 sites standing at 578,000 – down from 794,000 in December 2019, with 20 per cent of those being students, due to disruptions in the academic year.

The take-up of LIVE IT – its premium pricing product – has grown strongly and now has a penetration of 22.5 per cent of total membership (up from 18.9 per cent in December 2019).

The group is also looking for further expansion opportunities, after opening eight new sites during 2020. It is already on-site for three new openings – in York, Sydenham and Cambridge – and is planning more.

"We continue to see an opportunity to access excellent new sites at attractive rents," said Richard Darwin, The Gym Group CEO.

"We are building a strong pipeline for 2021 and beyond and we will continue to progress new leases during this current period of lockdown. We will determine the timing of the rollout programme once there is greater visibility about a reopening date for gyms."

Commenting on the overall picture and the state of the industry, Darwin added: “2020 has been a challenging year for our business, our members and our colleagues.

"Through the outstanding work of our team we provided a COVID-secure exercise environment for our members and demonstrated the resilience of our business model by trading profitably when gyms have been open.

"Our cash management during the pandemic has ensured we ended 2020 with manageable levels of debt and significant liquidity,” he said.

The group has now begun talks with lenders over reviewing covenant tests, relating to its £100m bank facility.

"At a time when health and fitness has never been more important to the nation, we are ready to emerge from the pandemic and take advantage of the many opportunities available us,” said Darwin.

Sign up for FREE ezines & magazines
The Gym Group has brought in Wais Shaifta and Rio Ferdinand as non-executive directors, signalling a broadening of its remit, new horizons and an intention to continue to refine and expand its member offering.
HAF,FIT,IND,PTS
2021/THUMB346977_738801_753675.jpg

More News

1 - 15 of 67,965
12 Jun 2024
David Beckham and F45 Training have finally settled the breach-of-contract lawsuit around Beckham’s ambassadorial agreement with the boutique fitness franchisor. Beckham became an ambassador for ... More
12 Jun 2024
Apple has previewed the upcoming watchOS 11, which has more health and fitness insights and offers more personalisation than ever before. David Clark, Apple’s senior ... More
10 Jun 2024
With just a few weeks until the General Election, CIMSPA – the organisation that represents people working in the health and fitness and physical activity and ... More
10 Jun 2024
Global Wellness Day (GWD) marked its 13th anniversary on Saturday, 8 June and was reportedly celebrated by a record-breaking 1 billion people worldwide, making it ... More
07 Jun 2024
Wellness industry figure Deepak Chopra is co-developing a new wellness community and resort focused on wellbeing and longevity in Utah’s Heber Valley, centred around natural ... More
07 Jun 2024
Co-founders of specialist gym and fitness wear company, WIT Fitness, have returned to the brand to lead the business in partnership with Frasers Group. Retail ... More
07 Jun 2024
Basic-Fit has signed an agreement to sell five Holmes Place clubs it acquired as part of the RSG Group estate in March. The acquisition included ... More
06 Jun 2024
The UK health and fitness is performing well, especially the private sector, with member numbers, market value and penetration reaching all-time highs. These are the ... More
06 Jun 2024
European health spa operator Ensana has announced the strategic appointment of Dr László Puczkó as senior health spa advisor. Established in 2019, Ensana manages 28 ... More
05 Jun 2024
The Great Spa Towns of Europe (GSTE) has announced the successful approval of its funding application under the European Town Twinning Programme. This funding will ... More
05 Jun 2024
David Lloyd Leisure has opened the doors of Madrid country club, La Finca, which it acquired in September 2022. A spacious health and fitness club, ... More
05 Jun 2024
Leisure development specialist, Alliance Leisure, has appointed industry veteran, David Stalker, as advisor to the board, as the company aims for £150 million turnover next ... More
04 Jun 2024
According to new research from Ernst & Young, the gap between female and male engagement in sport and physical activity is narrowing, with Gen Z ... More
04 Jun 2024
North Wales’ four-star The Quay Hotel & Spa in the Deganwy Marina in Conwy has invested £1 million (€1.2 million, US$1.3 million) refreshing its 580sq ... More
03 Jun 2024
Justin Musgrove, CEO of Fitness First UK, has made another tactical move, launching three Les Mills Limited Edition Collection programmes across 13 of the company's ... More
1 - 15 of 67,965
Panatta Sport
Panatta Sport