Bannatyne's (full name Bannatyne Fitness Ltd) is a United Kingdom-based chain of
health club
A health club (also known as a fitness club, fitness center, health spa, and commonly referred to as a gym) is a place that houses exercise equipment for the purpose of physical exercise.
In recent years, the number of fitness and health se ...
s founded by Scottish businessman
Duncan Bannatyne
Duncan Walker Bannatyne, (born 2 February 1949) is a Scottish entrepreneur, philanthropist, and author. His business interests include hotels, health clubs, spas, media, TV, and property. He is most famous for his appearance as a business an ...
.
History
The Bannatyne Health Clubs chain began in 1997 with the first club built in
Ingleby Barwick
Ingleby Barwick is a town and civil parish in the Borough of Stockton-on-Tees, North Yorkshire, England. It is south of the River Tees and north-east of the River Leven.
Large scale development of the town started in the late 1970s on farm lan ...
, North Yorkshire.
It was reported in March 2016 that the company was planning a £300m float, listing on
AIM. However, this proposed float was pulled in May 2016 due to unspecified "regulatory scrutiny" of the move.
Personnel
In 2016, Justin Musgrove, formerly the Managing Director, took on the role of Chief Executive Officer, Ken Campling was appointed as Chief Financial Officer and Board Director and Anthony Elliott as Director of Operations.
Portfolio
As of May 2016, Bannatyne's has 66 gyms, 37 spas and five hotels across the UK and plans to add a further 16 spas to existing health clubs this year. Bannatyne's spent £7.5m last year revamping 29 of its health clubs and the remaining 37 gyms will be refitted this year after sales grew by 7% at the refurbished clubs. The company also bought Clarice House and Xpect Leisure last year, growing its membership by 14% over the year to 186,456.
On 9 August 2006, Bannatyne Fitness Ltd acquired the LivingWell Premier Health club chain from the
Hilton Hotel
Hilton Hotels & Resorts (formerly known as Hilton Hotels) is a global brand of full-service hotels and resorts and the flagship brand of American multinational hospitality company Hilton.
The original company was founded by Conrad Hilton. As ...
UK Group, taking the Bannatynes Health club chain to 62 locations. At the end of 2015/beginning of 2016, The Bannatyne Group acquired 4 more health clubs taking its total to 66 across the UK, boasting 195,000 current members.
Fraud
In November 2015, former finance director Christopher Watson was jailed after pleading guilty to defrauding the Bannatyne Group of nearly £8 million.
References
External links
* {{Official website, http://www.bannatyne.co.uk
Health clubs in the United Kingdom
Companies based in County Durham
1997 establishments in England