The Gym Group is a chain of 24/7 no contract

fitness clubs 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 ser ...

in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

. The company was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

in 2015.

Operations

The company was founded in 2007 and its first site was in West London. It now has over 200 gyms with 750,000+ members. Some of these sites were acquired from EasyGym and Lifestyle Fitness.

Finances

Phoenix Equity Partners Phoenix Equity Partners is a United Kingdom mid-market private equity firm. It specialises in working with management teams to help grow their businesses. It invests in companies valued at up to £150m. History Phoenix was co-founded in 2001 by H ...

and

Bridges Ventures Bridges Fund Management Ltd. (or Bridges) (Previously Bridges Ventures) is a fund manager that specialises in sustainable and impact investing. It invests in business, properties and social sector organisations, with a focus on four impact them ...

invested in the company in its early years. The Gym Group floated on the London Stock Exchange in 2015. In 2018, The Gym Group had revenue of £124 million and

EBITDA A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, stat ...

of £37 million.Financial Times The Gym Group and

PureGym PureGym Limited is a British chain of no frills health clubs based in the United Kingdom with multiple gyms around the world. The chain is headquartered in Leeds, West Yorkshire, with additional offices in London and Southampton. It is Brita ...

explored a merger in 2014, but this was later abandoned.

References

External links

* Health clubs in the United Kingdom British companies established in 2007 Companies listed on the London Stock Exchange {{UK-company-stub