Pure Gym flexing its muscles
BUDGET gym specialist Pure Gym is celebrating a strong financial performance with turnover up 49% to £68.6m and underlying profits rose 58% to £22.6m (EBITDA).
The company also reported a 45% increase in membership to 420,000 to the end of December as it targets Greater Manchester, Birmingham and London for expansion.
Leeds-based Pure Gym is a self-styled pioneer of ‘affordable quality’ in fitness.
Executive chairman Peter Roberts said: “In 2014 we delivered impressive financial performance whilst managing significant expansion.
“In just five years Pure Gym has established itself as the leading gym operator in the UK and made gym membership a reality for hundreds of thousands of people. We have further exciting expansion plans for 2015 and look forward to another year of growth.”
The company says its membership level has now exceeded 500,000 since January, when former Wiggle chief executive joined Pure Gym in the same role.
