The Gym Group expects to be in profit on reopening
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Harrogate Borough Council
Grade ACE: £69,871 - £74,307 per annum
Harrogate, UK
Coach Gyms
Self Employed
Leeds, UK
Everyone Active
Competitive hourly rate
Sutton-in-Ashfield , United Kingdom
energie fitness
Competitive
Chelmsley Wood
truGym
Competitive
Nationwide, United Kingdom

The Gym Group expects to be in profit on reopening

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

Publicly listed operator, The Gym Group (TGG) says it has retained 80 per cent of its members during lockdown, while internal research shows it expects 92 per cent to return.

All memberships were frozen on 20 March and TGG says it received a significant number of cancellations initially, but that this rate slowed, leaving 692,000 members at 9 July, vs 870,000 on 18 March.

CEO, Richard Darwin, said: "We're encouraged by the response of our members, the vast majority of whom are keen to get back to the gym to begin working out again. We look forward to welcoming them back and being able to continue providing affordable fitness for all."

Because TGG only requires 60 per cent of its membership to be active to achieve 'cash neutrality', broker, Peel Hunt, is currently tipping the company with a Buy rating. Shares are trading around 150p against a high in February of 300p, giving a market capitalisation of £253.79m.

TGG raised around £41m through a share issue on 16 April to help it weather the effects of the shutdown, by placing 27.4m new ordinary shares at 150p each.

The company will reopen the majority of its sites on 25 July, but will still offer members the chance to extend the freezing on their membership if they don't feel confident to return, or cannot attend during the – initially more limited – opening hours.

The majority of the TGG's 179 gyms will operate from 6.00am to 10.00pm during the week and from 8.00am to 8.00pm at weekends – 23 sites will initially have shorter hours, opening 8.00am-8.00pm during the week and 9.00am to 5.00pm at weekends. Scottish sites will remain closed awaiting an announcement.

Two sites in Leicester will not reopen due to local lockdown, while London's Oxford Street gym is currently closed for refurbishment.

TGG says it will start trials of its standard 24/7 operating model in a "small number of sites" within weeks, with the aim of returning to 24/7 operations more widely "in the next few months".

“Opening safely is our primary concern," said Darwin, "We're pleased to have been able to work with Government and the rest of the health and fitness sector to determine how best to operate in a COVID-secure way."

TGG will operate in line with the DCMS framework and has also collaborated with Sheffield Hallam University’s Advanced Wellbeing Research Centre to create its own #safewithus operating protocol, which is based on six core principles – listed in the notes below.

The Gym Group's #safewithus protocol

1. SHIELD

Avoid infected people visiting the gym

• Reinforcing Government guidelines to colleagues and members with symptoms to stay at home • Temperature checks for all colleagues at the start of each shift

• Providing options for members to continue to freeze their membership for free

2. PREVENT

Reducing the risk of infection from contact on surfaces

• Contactless entry to be available in all gyms at re-opening • Promoting hand-washing and providing hand sanitiser throughout the gym

• Rigorous cleaning and disinfection regimes, including the use of electrostatic sanitisation spray equipment • Provision of cleaning materials to members for cleaning equipment after use

3. LIMIT

Reducing the social interaction between people

• Restricting the number of people in the gym at any one time to one member per 100 sq ft, in line with Government guidelines, using portal access technology

• Encouraging visits during quieter periods by providing members with a ‘Gym Busyness’ tracker, in the app and on the website, with live and recent historical information on usage patterns in their gym

4. REDUCE

Reducing the risk of infection from airborne transmission

• Enabling social distancing by wider spacing of equipment, revised gym layout and use of screens for additional protection • Encouraging social distancing with communications in the gym via wall posters, digital screens and floor markings

• Utilising best-in-class fresh air ventilation systems

5. SUPPORT

Identifying and supporting vulnerable people

• Providing information and guidance to known vulnerable groups • Identifying vulnerable staff and moving them away from frontline roles

• Promoting home exercise – including a discounted offer for digital at-home fitness classes with partner, Fiit

6. EDUCATE

Explaining, training and ingraining safe practice in the gym

• Providing appropriate training and understanding to all colleagues • Clear communications to members before visiting, on arrival and at all relevant points in the gym

Sign up for FREE ezines & magazines
Publicly listed operator, The Gym Group (TGG) says it has retained 80 per cent of its members during lockdown, while internal research shows it expects 92 per cent to return.
HAF,FIT,IND,PTS,PHR
2020/THUMB345891_907217_357156.jpg

More News

1 - 15 of 42,864
11 Aug 2020
Health clubs, gyms, indoor pools and leisure centres have reopened in Wales – nearly five months after being forced to close as part of the ... More
11 Aug 2020
English Premiership rugby club Wasps has installed a heat camera at its Broadstreet training facility near Coventry, as part of efforts to help safeguard players, ... More
11 Aug 2020
Older men who have played football regularly throughout their lives have cells up to 11 years younger than their physically inactive peers. The figure comes ... More
10 Aug 2020
Today (10 August) is the last day for companies to enter the follow-up survey to Leisure-net's Supplier and Operators Confidence Survey, which was first conducted ... More
09 Aug 2020
A significant proportion of leisure facilities in England have not reopened since lockdown measures were eased, according to data from industry body, Community Leisure UK ... More
07 Aug 2020
Industry body, ukactive, has questioned the decision to close gyms and health clubs as part of some localised lockdowns. Indoor gyms, fitness studios, sports courts ... More
EMD UK
EMD UK
07 Aug 2020
Prime Minister Boris Johnson has paid a surprise visit to a branch of The Gym Group (TGG) in his South Ruislip constituency in West London. ... More
06 Aug 2020
Planet Fitness' share price on the New York Stock Exchange has remained steady at between US$49 and US$52 as the markets react well to the ... More
04 Aug 2020
Two of the largest health club operators in the US have announced that members and guests will be required to wear face masks when entering ... More
04 Aug 2020
If you're a personal trainer working in the UK, you can now get online PT session bookings from consumers via the Gympass platform via a ... More
03 Aug 2020
A member of SAGE, the government’s independent group of scientific advisers, has said gyms, pubs and other leisure venues may have to close in England ... More
03 Aug 2020
There’s growing consumer interest in halo (salt) therapy since COVID-19 as people look to improve their respiratory health and boost their immune systems. Indeed, some ... More
STA
STA
03 Aug 2020
Following approval to build a £250mn wellbeing resort in Manchester, Therme Group has revealed plans to develop and expand its concept in other major UK ... More
03 Aug 2020
Europe's largest gym chain, Basic-Fit, has provided the European fitness sector with some optimism, after recording high membership growth in the months following lockdown. Reporting ... More
03 Aug 2020
DW Sports is going into administration saying it's working to save its 73-strong gym portfolio. HCM understands administrators will be appointed this afternoon. Fitness First ... More
Lee Valley Regional Park Authority
Lee Valley Regional Park Authority
1 - 15 of 42,864
FIBO Exhibition
FIBO Exhibition