Gymbox secures £10m in funding to expand beyond London to cities across the UK

Gym chain Gymbox has gained investment capital of £10m from the Business Growth Fund (BGF), with Clearwater International securing the deal, as well as an additional £7m in fresh loans.

Gymbox currently has five clubs across London and will use BGF’s capital to continue its site roll-out in London with three additional sites already secured. Beyond these, the company now has the funding in place to open several further gyms in London, and beyond that in other UK cities.

Founded in 2001 by Richard Hilton, Gymbox opened its first gym in Holborn in September 2003 and today has clubs in Farringdon, Covent Garden, Bank and Westfield. The company is expected to turnover £10m this year and currently has 13,400 members on its books.

Gymbox represents BGF’s second investment in the UK fitness market having backed Yorkshire-based low-cost gym group Xercise4Less in August 2013, which now has 23 gyms nationwide.

“The Gymbox brand has gone from strength to strength in recent years based on our contemporary club designs, exciting and original classes and our ability to offer customers new and unique ways of keeping fit,” said Gymbox managing director, Richard Hilton.

“We look forward to opening new sites this year and next and introducing the Gymbox concept to a wider in audience in London and other UK cities.”

Related stories
16 Jun 2010

Gymbox to open Westfield club

02 Sep 2008

New Gymbox site opens

24 Nov 2006

£5m Gymbox to open

11 May 2006

Gymbox to open second site in Covent Garden

04 Aug 2003

Gymbox to open in September

Gym chain Gymbox has gained investment capital of £10m from the Business Growth Fund (BGF), with Clearwater International securing the deal, as well as an additional £7m in fresh loans. Gymbox currently has five clubs across London and will use BGF’s capital to continue its site roll-out in London with three additional sites already secured. Beyond these, the company now has the funding in place to open several further gyms
HAF
Gymbox is set to expand across the UK after securing a £10m investment with an additional £7m in fresh loans / Gymbox
More news
News stories: 1 - 30 of 8053     
 
 
 
News stories: 1 - 30 of 8053     
 
 
 
company profile
Company profile: TechnoAlpin Indoor
TechnoAlpin Indoor offers expert consultation for indoor snow concepts, assisting customers with the integration of snow in the initial design phase of spa concepts and this way providing individualised solutions for any business in order to elevate the guest’s spa experience.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
I don’t like mausoleums, and the 19th-century model of a museum is not something that’s ever resonated for me
Timber was chosen for its sustainable qualities and historical importance
"In Indigenous culture, it’s more important to understand where you come from than what you do for a living"

The Vancouver Art Gallery architect tells us about his mission to bring together Western knowledge and Indigenous ways of knowing

cladkit product news
TouchWood Play designs new kids’ club for Dubai’s Zuhha Island
The new club aims to connect children with nature
Magali Robathan
Bespoke play environment design and manufacturer TouchWood Play has announced that it is responsible for the creation of a new Kids’ ...
Heatherwick Studio and lighting brand Tala collaborate to create sleep light called Wake
Wake is crafted from hand-spun ceramic and pressed glass, behind which a gentle light emanates to improve sleep routines and wellbeing
Helen Andrews
Design firm Heatherwick Studio and British lighting brand Tala have teamed up to create a sleep light called Wake. The ...
Porada launch retro-inspired coffee table
Porada's new Enook Brillo coffee table
Magali Robathan
Maurizio Marconato and Terry Zappa have created the Enook Brillo coffee table for Italian design studio Porada – a retro-inspired design ...
cladkit product news
Effe introduces sauna and hammam collection Baluar by Patricia Urquiola
The system uses heat-treated lime wood cladding, available in either a dark or light tone
Helen Andrews
Sauna specialist Effe (formerly Effegibi) has introduced its new sauna and hammam collection, Baluar, designed by architect and designer Patricia ...
LivinGlobe introduces redesigned adaptable Vidarium
LivinGlobe can install ultra short throw projections or premium LED panels, as well as the surround sound system and video server
Helen Andrews
Founded more than 10 years ago, LivinGlobe was one of the first companies in the immersive wellness space with its ...
New Balera collection embeds lighting in 
tiled feature walls
Studiotamat has teamed up with Ariana de Luca to create the Balera range
Magali Robathan
The new Balera Collection sees design studio Studiotamat team up with ceramic artist Arianna De Luca and lighting designer Ninefifty ...
cladkit product news
OpenSeed launches private multisensory Iris Meditation Pod
The Iris Pod features vibro-acoustic technology, aromatherapy, light therapy, music, guided meditations and soundscapes
Helen Andrews
OpenSeed has launched its multisensory Iris Meditation Pod, designed in collaboration with Fuseproject – a design and innovation company founded ...
Lucas Zito aims to show 3D printed lamps can be timeless design objects
Lucas Zito’s practice specialises in the design of lights through 3D printing
Magali Robathan
A collection of lighting from Paris-based designer Lucas Zito aims to reframe the idea of 3D printed objects as cheap ...
Snow’s holistic cool-down: Embracing inclusivity in post-sauna rituals
Megan Whitby
In the world of wellness, the age-old tradition of sauna bathing is synonymous with relaxation, detoxification and rejuvenation. But, a ...
x
Sign up with CLAD for regular news updates