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NEWS
Total Fitness enters into a CVA, but says 'majority of clubs' will reopen on 12 April
POSTED 26 Mar 2021 . BY Tom Walker
Total Fitness will reopen all but one of its 17 clubs in the north of England and Wales Credit: Total Fitness
Mid-market operator has been hit hard by pandemic
All but one of 16 clubs in England and Wales "will reopen" on 12 April
Permanent closure of Huddersfield club confirmed
Company will work with creditors to try and secure future of company
Total Fitness is entering into a company voluntary arrangement (CVA), after being hit hard by the pandemic lockdowns.

The company, which has 17 clubs in the north of England and Wales, said it was now seeking the assistance of all partners – including landlords and suppliers – to try and secure a future for the business.

The operator's Huddersfield club will close permanently, but Total Fitness said the majority of facilities would be unaffected.

A spokesperson told HCM: "The COVID-19 crisis has been hugely challenging for many industries, particularly for those that have been closed for long periods of time, such as the fitness industry.

"Total Fitness is no exception to the impact of COVID-19 and is now seeking the assistance of all partners (landlords and suppliers) to support the strong, long-term future of the business by launching a CVA.

"We are being supported in this process by our owners and also by our advisors, KPMG.

"The CVA will not have an impact on the ongoing operations for the majority of our clubs or the 12th April 2021 reopening in England or Wales.

"We’re working with the team members, partners and tenants of our Huddersfield club and will work to redeploy as many team members and personal trainers as possible to other areas of the business."

KPMG's Tracey Pye and Richard Harrison were appointed Joint Nominees of Total Fitness on 24 March.

Total Fitness has been led since June 2018 by CEO Sophie Lawler, who had achieved strong results in turning the operator around in 2019.

You can read HCM's 2019 profile with Lawler here.

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Get HCM digital magazine and ezines FREE
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Jobs    News   Products   Magazine
NEWS
Total Fitness enters into a CVA, but says 'majority of clubs' will reopen on 12 April
POSTED 26 Mar 2021 . BY Tom Walker
Total Fitness will reopen all but one of its 17 clubs in the north of England and Wales Credit: Total Fitness
Mid-market operator has been hit hard by pandemic
All but one of 16 clubs in England and Wales "will reopen" on 12 April
Permanent closure of Huddersfield club confirmed
Company will work with creditors to try and secure future of company
Total Fitness is entering into a company voluntary arrangement (CVA), after being hit hard by the pandemic lockdowns.

The company, which has 17 clubs in the north of England and Wales, said it was now seeking the assistance of all partners – including landlords and suppliers – to try and secure a future for the business.

The operator's Huddersfield club will close permanently, but Total Fitness said the majority of facilities would be unaffected.

A spokesperson told HCM: "The COVID-19 crisis has been hugely challenging for many industries, particularly for those that have been closed for long periods of time, such as the fitness industry.

"Total Fitness is no exception to the impact of COVID-19 and is now seeking the assistance of all partners (landlords and suppliers) to support the strong, long-term future of the business by launching a CVA.

"We are being supported in this process by our owners and also by our advisors, KPMG.

"The CVA will not have an impact on the ongoing operations for the majority of our clubs or the 12th April 2021 reopening in England or Wales.

"We’re working with the team members, partners and tenants of our Huddersfield club and will work to redeploy as many team members and personal trainers as possible to other areas of the business."

KPMG's Tracey Pye and Richard Harrison were appointed Joint Nominees of Total Fitness on 24 March.

Total Fitness has been led since June 2018 by CEO Sophie Lawler, who had achieved strong results in turning the operator around in 2019.

You can read HCM's 2019 profile with Lawler here.

RELATED STORIES
Total Fitness acquires Pro-Fit Personal Training


Mid-market health club operator Total Fitness has acquired Pro-Fit Personal Training.
FEATURE: Interview: Sophie Lawler


In her first year as CEO of Total Fitness, membership has grown by 6,000. The first female CEO in the UK’s commercial fitness sector tells us how she’s implemented cultural changes to grow the business
New management team credited with "reversal of membership decline" at Total Fitness


Health club operator Total Fitness has completed a turnaround of its fortunes, reversing a "steady decline in membership" in the past 12 months.
MORE NEWS
Treningshelse Holding snaps up another Norwegian fitness chain as it sets its sight on market leadership
Norwegian health club operator, Treningshelse Holding, which owns the Aktiv365 and Family Sports Club fitness chains, has acquired fellow Norwegian operator, Aktiv Trening.
Missed FIBO? Catch up with the HCM roundup
The HCM team were busy at the recent FIBO Global Fitness event in Cologne, Germany, distributing a special FIBO edition of HCM in support of the event as its global media partner.
Xplor kicks off international expansion for its Mariana Tek software with 1Rebel deal
Atlanta-based boutique fitness software company, Xplor Mariana Tek, has kicked off a push for international expansion.
US named world’s largest wellness economy, reaching US$1.8 trillion valuation
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Andy King launches The Conveners podcast to champion the pivot to wellbeing
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Sibec EMEA to blend fitness with luxury at Fairmont Monte Carlo
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+ More catalogues  

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+ More directory  
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21-21 Apr 2024

Below the Belt Melbourne Pedalthon

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ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
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