Leeds' PureGym reveals major results and 15% revenue increase for 2018
Today (April 25), PureGym has revealed its annual results for 2018.
The gym chain has reported another period of significant growth driven by ongoing format development and commercial and digital innovation.
Alongside this, PureGym set a new UK record for gym membership numbers and integrated Soho Gyms following the acquisition of 10 fitness clubs in June 2018.
PureGym’s revenue increased by 15 per cent from 2017 (£198k) to 2018, currently standing at around £228k.
Humphrey Cobbold, chief executive of PureGym, said: “As PureGym celebrates its 10-year anniversary this year, we remain totally committed to our mission of making gym membership more accessible and to our vision of inspiring a healthier nation.
“In just 10 years, we have grown from startup to established market leader with more members than any gym company has ever had in the UK and gyms in every major city in the UK, allowing over a million members to exercise in a flexible and affordable way.”
In 2018, PureGym invested further in its proprietary technology, launching a new app to provide a reportedly more friendly user experience.
In response to demand, the Group also opened four small box format gyms as trials, widening access to millions of potential customers in smaller local markets.
Humphrey added: “We’re seeing great demand for new sites as people become increasingly aware of the importance of leading healthy lifestyles.
“As well as continued innovation, expansion remains a key focus for the year ahead, and with our new formats we can welcome more people than ever to our gyms.
“Since January, we have already opened 13 new and converted gyms and we’re confident that 2019 will be a strong year for new site opening performances.”
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