Having recruited Cobbled from online cycle retailer Wiggle in January, Pure Gym reported 45 per cent growth in members and said there are now more than 500,000 visits to its 84 sites each week.Its 2013 figures of £46m for revenue and £2.1m for profit before tax were bettered by 49 per cent and 365 per cent respectively. Cobbled commented: “The time I’ve spent getting to know the company since joining in January has reaffirmed my view that this is a very high quality business with great people and tremendous opportunities. “As well as planning to open 30-40 new sites this year, we are exploring additional opportunities which fit with our brand and capability. It’s an exciting time as we look to drive a significant revolution in the market for access to fitness facilities, more active lifestyles and the well being of the British people.” Pure Gym claims to be the largest gym company in the UK and will now look to further develop its web, mobile and app platforms to increase the amount of users signing up to membership offers. The business was set up in 2008 by Peter Roberts, who now serves as chairman, as a way or providing a gym service that did not tie customers into contracts and was open 24 hours a day. His first two gyms were in Manchester and Leeds, after which growth has been supported by private equity investor CCMP Capital Partners. Read more about other gym businesses:
- Gym chain Xercise4Less lifts £31m in equity and debt funding
- PayasUgym: The disruptive solution to keeping fit while travelling
- Is the gym sector too crowded to make money?
Share this story