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NEWS
Total Fitness reports encouraging financial results
POSTED 08 Aug 2013 . BY Chris Dodd
Total Fitness says it's turning things around
Total Fitness has filed its consolidated group accounts for 2012, which show an improvement on 2011, with the company’s EBITDA increasing to £2.6m on £29.7m sales

Half-year trading results to June 30th 2013 also show the business has managed to reduce debts by over £3m since January, while also achieving increased levels of profit growth.

Total Fitness membership levels have increased by 5.2 per cent this year. Like-for-like membership growth is understood to be ahead of the sector average and retail industry LFL sales performance so far.

Total Fitness is also pushing ahead with its turnaround strategy and investments are being made to refurbish clubs and develop IT.

The business has just commenced a major refurbishment programme at clubs in Bolton, Whitefield, Huddersfield and Sefton, with further announcements planned for all other clubs.

These developments have been supported by a number of new managerial appointments.

Board changes have also occurred in the last eight months, with Brian Davidson and Warwick Ley (non-executive Chairman and Director) appointed in December 2012, while Richard Millman came in as CEO in February and Andy Mellor as Finance Director in May.

Commenting on the results, Liz Terry, Editorial Director of Health Club Management magazine, said: "A combination of factors hit the health club industry simultaneously – the recession, the disruptive and successful budget gym model and – in the case of Total Fitness – a disproportionate slow-down in the economy in the north of England.

"It's encouraging to hear the company's turning things, around because however competitive the health club operators are with each other, ultimately, it's in everyone's best interests for the sector as a whole to thrive: failure is bad for everyone.

"We expect to see increased innovation and energy in the health club market in the coming year as the economy improves and businesses which were hit by the recession adjust their business models, right themselves and begin to look forward and strive for growth and increased profitability. Run well, health clubs can be very profitable businesses and as a result, our sector can help drive the recovery."
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Total Fitness Health Clubs, a gym and health club chain in the north of England, has experienced a significant increase in operating profit – from £620,000 in 2012 to £1.96m in 2013 generated through £29.6m in sales.
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NEWS
Total Fitness reports encouraging financial results
POSTED 08 Aug 2013 . BY Chris Dodd
Total Fitness says it's turning things around
Total Fitness has filed its consolidated group accounts for 2012, which show an improvement on 2011, with the company’s EBITDA increasing to £2.6m on £29.7m sales

Half-year trading results to June 30th 2013 also show the business has managed to reduce debts by over £3m since January, while also achieving increased levels of profit growth.

Total Fitness membership levels have increased by 5.2 per cent this year. Like-for-like membership growth is understood to be ahead of the sector average and retail industry LFL sales performance so far.

Total Fitness is also pushing ahead with its turnaround strategy and investments are being made to refurbish clubs and develop IT.

The business has just commenced a major refurbishment programme at clubs in Bolton, Whitefield, Huddersfield and Sefton, with further announcements planned for all other clubs.

These developments have been supported by a number of new managerial appointments.

Board changes have also occurred in the last eight months, with Brian Davidson and Warwick Ley (non-executive Chairman and Director) appointed in December 2012, while Richard Millman came in as CEO in February and Andy Mellor as Finance Director in May.

Commenting on the results, Liz Terry, Editorial Director of Health Club Management magazine, said: "A combination of factors hit the health club industry simultaneously – the recession, the disruptive and successful budget gym model and – in the case of Total Fitness – a disproportionate slow-down in the economy in the north of England.

"It's encouraging to hear the company's turning things, around because however competitive the health club operators are with each other, ultimately, it's in everyone's best interests for the sector as a whole to thrive: failure is bad for everyone.

"We expect to see increased innovation and energy in the health club market in the coming year as the economy improves and businesses which were hit by the recession adjust their business models, right themselves and begin to look forward and strive for growth and increased profitability. Run well, health clubs can be very profitable businesses and as a result, our sector can help drive the recovery."
RELATED STORIES
Total Fitness sees increase in profit thanks to investment programme


Total Fitness Health Clubs, a gym and health club chain in the north of England, has experienced a significant increase in operating profit – from £620,000 in 2012 to £1.96m in 2013 generated through £29.6m in sales.
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Sector leaders join forces to rally next UK government
More than 200 organisations and athletes in the UK have signed an open letter to party leaders to commit to making the nation the most active in Europe after next month’s General Election.
Total Fitness to launch purpose-built Women’s Gym
Following the success of its first site in Whitefield, Total Fitness is launching a purpose-built Women’s Gym in Wilmslow.
David Beckham and F45 settle out of court – Beckham remains a shareholder
David Beckham and F45 Training have finally settled the breach-of-contract lawsuit around Beckham’s ambassadorial agreement with the boutique fitness franchisor.
Apple adds new Vitals app and training load feature to watchOS 11
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