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NEWS
Total Fitness sees increase in profit thanks to investment programme
POSTED 14 Jul 2014 . BY Helen Andrews
New managers and refurbishments are contributing factors to the improved financial results Credit: Total Fitness
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.

The chain’s consolidated group accounts have been published today (14 July) highlighting how trading results for the first half of 2014 show an 11 per cent like for like new member sales increase compared to the same period last year. Membership levels have also increased by over 5,200 members (eight per cent) in the last year.

This improved performance is attributed to the company’s major investment programme in its people, facilities and equipment – including complete refurbishment across all 16 clubs is due for completion by the end of 2015.

New managers have been appointed in the areas of club management and customer service, reflecting the company’s enhanced member experience strategy.

“The growth over the last twelve months is really pleasing and is the result of a lot of hard work from our colleagues across the business,” said Total Fitness CEO Richard Millman in a statement.

“The financial year 2013 results only reflect a small portion of the improvements underway and our new strategy which we began implementing during 2013,” Millman added. “What really excites me is the upward momentum we have for 2014 and beyond as we continue to invest and pursue our strategic plan.”
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Jobs    News   Products   Magazine
NEWS
Total Fitness sees increase in profit thanks to investment programme
POSTED 14 Jul 2014 . BY Helen Andrews
New managers and refurbishments are contributing factors to the improved financial results Credit: Total Fitness
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.

The chain’s consolidated group accounts have been published today (14 July) highlighting how trading results for the first half of 2014 show an 11 per cent like for like new member sales increase compared to the same period last year. Membership levels have also increased by over 5,200 members (eight per cent) in the last year.

This improved performance is attributed to the company’s major investment programme in its people, facilities and equipment – including complete refurbishment across all 16 clubs is due for completion by the end of 2015.

New managers have been appointed in the areas of club management and customer service, reflecting the company’s enhanced member experience strategy.

“The growth over the last twelve months is really pleasing and is the result of a lot of hard work from our colleagues across the business,” said Total Fitness CEO Richard Millman in a statement.

“The financial year 2013 results only reflect a small portion of the improvements underway and our new strategy which we began implementing during 2013,” Millman added. “What really excites me is the upward momentum we have for 2014 and beyond as we continue to invest and pursue our strategic plan.”
RELATED STORIES
Water Babies announces Total Fitness swim school tie-up


Infant swim school Water Babies has announced a new partnership that will see a new scheme offering classes across all 16 Total Fitness gym sites in the north of England.
MORE NEWS
UK Active and Savanta launch quarterly consumer engagement insight
Improving physical strength and fitness, mental health and confidence are the main reasons for joining a health club, while cost, time and motivation are the main reasons for leaving.
Snap Fitness' holding company – Lift Brands – is up for sale
Speaking to HCM, global CEO of Lift Brands, Ty Menzies, has confirmed that the company –  owner of Snap Fitness and Fitness On Demand – is up for sale.
Planet Fitness increases price of basic membership for first time in over 20 years
Planet Fitness has announced the repurchase of 314,000 shares at a rate of US$20 million. The Class A common stocks were repurchased and retired, using cash.
Xponential dumps Geisler as company faces investigation by US Attorney’s Office
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Complaints about group exercise have become a thing of the past for the Reynolds Group thanks to its partnership with CoverMe, a digital platform that simplifies group exercise and PT management for clubs and instructors. [more...]

Introducing the Schwinn Z Bike: where innovation meets performance
In the dynamic world of indoor cycling, Schwinn has consistently been at the forefront of innovation. Now, we proudly present the Schwinn Z Bike, the culmination of our legacy of excellence. [more...]
+ More featured suppliers  
COMPANY PROFILES
Alliance Leisure

Alliance Leisure Services was specifically established to respond to the changing development need [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
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©Cybertrek 2024

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