Gymbox to expand after securing £39m investment package
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Core Health & Fitness
Competitive salary plus commission
South East, UK
Nationwide, United Kingdom
Everyone Active
Enderby Leisure & Golf Centre, Blaby
Coach Gyms
£20K Basic circa
Leeds, UK
star job
Central Foundation Girls' School
Scale 5 (Spine point 14) £23,577 actual salary
Bow Road, London, UK

Gymbox to expand after securing £39m investment package

Job opportunities
Core Health & Fitness
Competitive salary plus commission
location: South East, UK
Fresh Fitness
£25,000 to £30,000pa (dependant on experience)
location: Skegness, Lincolnshire, UK
training opportunity
Les Mills
location: Nationwide, United Kingdom
more jobs

Gymbox, the London-based gym group, will establish new sites in the capital after securing £39m (US$47.5m, €43.2m) worth of investment.

Business Growth Fund and HSBC have provided the backing, which will initially see the 13-year-old chain launch a new gym in Farringdon.

The former has provided £13m (US$15.8m, €14.4m) of equity finance – bringing its total investment in Gymbox up to £25m (US$30.4m, €27.7m) – while the giant bank group has ploughed in a further £26m (US$31.6m, €28.8m) in debt finance.

Gymbox’s new Farringdon site will be the firm’s largest gym. It includes a three-lane running track, Olympic-sized boxing ring and London’s largest free weights area.

The organisation currently has eight gyms and 22,000 members. It’s chief point of differentiation is its focus on fun, with colourful work out areas and DJs playing music.

Richard Hilton, chief executive of Gymbox, said: “Gymbox continues to revolutionise the fitness industry by ensuring that working out is as much fun as going out. With this funding package and the ongoing support of my management team, BGF and HSBC there is a lot more we can and want to do.”

Sign up for FREE ezines & magazines
Related news

Exclusive: Gymbox gears up for major London rollout

18 Feb 2016
Hip London fitness chain Gymbox is planning to significantly grow its presence across the capital ...

Gymbox secures £10m in funding to expand beyond London to cities across the UK

10 Jul 2014
Gym chain Gymbox has gained investment capital of £10m from the Business Growth Fund (BGF), ...

Gymbox to open Westfield club

16 Jun 2010
Health club operator Gymbox will open a new flagship club on the top floor of ...