Irregular work hours, sky high monthly fees, and inflexible and limited contracts give millions of Britons many excuses to skip the gym. But The Gym Group’s unique approach to membership is making it harder than ever to justify the dust on their trainers.
Founded in 2007, The Gym Group has pioneered the concept of low cost, 24/7 access to high spec equipment and classes with no contractual obligation in the UK fitness market. They believe that fitness should be accessible to everybody – regardless of shape, size, fitness level, background or attitude. And when founder and CEO John Treharne decided to scale his vision, he chose Barclays’ UK Equity Capital Markets team to help guide the company through the process.
Barclays works with The Gym Group as an advisor, and acted as Joint Global Coordinator and Joint Sponsor on their successful Initial Public Offering (IPO) in November 2015. The Gym Group is the first UK main market gym to list publicly since 1999.
We have a very strong foundation and platform, a market-leading business, and a focused strategy from which to take the business forward and to build on our success to date. We have exciting plans for the future and a receptive market place to grow into…John Treharne, CEO, The Gym Group, www.thegymgroup.com
The IPO, which raised a total of £125million, provided The Gym Group with a robust capital structure to grow its share of the highly competitive UK health club market. Their distinctive model has helped them to grow at pace, signing up 418,000 members, and the disciplined expansion roll-out has seen them open 75 gyms across the UK so far.
No more excuses, Britain. Dust off those trainers.