Boosting membership at The Gym Group helps revenue grow by a quarter
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Forestry England
£18,235pa FTE
Wendover, Aylesbury, UK
Fresh Fitness
£25,000 to £30,000pa (dependant on experience)
Skegness, Lincolnshire, UK
CV Life
Competitive salary based on experience
Xcel Leisure Centre, Coventry, UK
star job
Xercise4Less
Competitive
Rugby, UK
star job
Coach Gyms
£15k basic + commission + Bonus
Leeds, UK

Boosting membership at The Gym Group helps revenue grow by a quarter

Job opportunities
training opportunity
Les Mills
location: Nationwide, United Kingdom
more jobs

Growth in membership helped revenue at The Gym Group rise to £36.1m in the first six months of 2016 from £28.9m in the same period in 2015, representing a year-on year increase of 25.1 per cent.

In its interim report for the half year to 30 June, Results showed that pre-tax profits stood at £3.4m, against a £3.3m loss in the same period in 2015.

The increase in revenue was mainly a result of the 22.8 per cent growth of members in the half-year period to 420,000, from 342,000 in the same period in 2015. Average revenue per member per month has increased by 1.6 per cent to £14.31, from £14.08 last year.

The Gym Group has 80 sites nationwide, with six gyms opening so far this year and more scheduled before the end of the year to meet the 2016 target of 15-20.

With 450 low-cost gyms in the UK, the business believes there is substantial opportunity for growth in the market.

The company expects to rollout out more gyms at an overall cost of between £1.3m and £1.4m per site. The interim report said: “We have substantial firepower from which to fund and develop the business, with a total of £40m of available financing facilities.”

Commenting on the results, John Treharne, The Gym Group chief executive, said: “Excellent progress has been achieved so far in 2016 as demonstrated by the growth in membership. Our rollout is on track with six sites opened in H1. We remain on target for 15-20 for the year and have a strong pipeline for 2017.

“Our existing sites are performing well which has contributed to the group’s strong growth in profitability. We are confident that our low cost, disruptive positioning in the market place, our well-developed roll out plans and our strong Financial position bode well for further rapid and measured profitable development and progress, whatever the economic environment.”

Sign up for FREE ezines & magazines
Growth in membership helped revenue at The Gym Group rise to £36.1m in the first six months of 2016 from £28.9m in the same period in 2015, representing a year-on year increase of 25.1 per cent.
HAF,FIT
THUMB10979_638633.jpg

More News

1 - 15 of 42,962
19 Oct 2020
Customer experience software provider, AskNicely, has announced it will host a new virtual event called the Global Frontline Experience Summit. AskNicely believes that a memorable ... More
19 Oct 2020
In breaking news, HCM understands the UK government has removed gyms and fitness facilities from the baseline measures for future tier 3 closures. This means ... More
19 Oct 2020
Globally, gyms have, on average, seen nearly 70 per cent of their pre-lockdown members return to their facilities since re-opening their doors. The global figure ... More
16 Oct 2020
A UK government U-turn – just announced – will see gyms and leisure centres staying open in Lancashire as the county goes into tier 3 lockdown. ... More
15 Oct 2020
"Dozens" of gyms in Liverpool, UK, have defied the government and stayed open for business – despite being ordered to shut their doors – with ... More
14 Oct 2020
The UK government is likely to face legal challenges from gym operators following the revelation that new laws drafted to enforce the three-tier COVID-19 alert ... More
STA
STA
14 Oct 2020
Gym and health club operators with sites in Liverpool, UK, have been left "astounded" at the government's "retrograde step" in ordering gyms to close in ... More
13 Oct 2020
Technogym's Let’s Move For a Better World campaign is back this year, with a new format developed for gyms and health clubs operating against the ... More
13 Oct 2020
The UK government should encourage people to spend more time in regulated environments to curb the second wave of the pandemic, rather than shutting them ... More
12 Oct 2020
Fitness leaders in the UK have welcomed news that everywhere but Liverpool is currently allowed to remain open under the government's new three-tier COVID-19 control ... More
09 Oct 2020
A new fitness industry event is looking to challenge the likes of FIBO with a trade show targeting the European fitness market at the end ... More
08 Oct 2020
Boutique operator Digme is joining the hybrid fitness revolution by launching an at-home proposition. Digme, which operates seven studios in London and one in Oxford, ... More
MyZone Group Ltd
MyZone Group Ltd
08 Oct 2020
Dr Steve Mann, former research director at industry body, ukactive, has been appointed director at sports and physical activity consultancy 4global. Mann has been tasked ... More
07 Oct 2020
Belgian football team Club Brugge has appointed architects B2Ai and SCAU to develop designs for a new €100m stadium. The new stadium, to be located ... More
07 Oct 2020
A major new consultation will seek to explore how the physical activity sector can better support people over the age of 55 – and those ... More
MIE FitQuest
MIE FitQuest
1 - 15 of 42,962
ResortSuite
ResortSuite