Bannatyne shake-up continues as new finance director appointed
by Jak Phillips | 07 Jan 2015
It’s all change at The Bannatyne Group, where just days after Health Club Management revealed Justin Musgrove to be the new MD, Ken Campling has been appointed finance director of the Group’s gym arm – Bannatyne Fitness.
The latest personnel change comes as The Bannatyne Group deals with the fallout from the recent arrest of its then director of finance, Christopher Watson. He is being investigated over an alleged multi-million pound fraud and remains on police bail.
Meanwhile, The Northern Echo reported that the Group's former CEO Nigel Armstrong was also arrested on suspicion of fraud as part of the investigation. Armstrong, who Duncan Bannatyne once described as "the most important person working for the company," has been released on bail pending further inquiries.
The new appointee Campling is an experienced accountant who brings a strong retail background to the role. He has overseen growth at brands including Williams Music and the Clinkard Group, while most recently he was head of finance at Delima Limited, part of the Sports Direct Group.
“Having worked for Sir Tom Hunter and Mike Ashley, I am well-trained to be able to work for a Dragons Den entrepreneur,” said Campling.
“Duncan and the management team have made me very welcome and I am looking forward to a very positive future.”
Bannatyne Fitness – the health club chain started by Duncan Bannatyne in 1997 – now comprises more than 60 health clubs across the UK, with many also featuring a Bannatyne Spa.
Duncan Bannatyne added: “Ken is well versed in the consumer sector and has an excellent track record of delivering profits, managing acquisitions and growth and streamlining and improving accounting systems. He will be an excellent addition to the senior team at Bannatyne’s.”
04 Jan 2015
Bannatyne appoints Justin Musgrove as MD
13 Dec 2014
Bannatyne finance director arrested – accused of multi-million pound fraud
04 Apr 2014
Bannatyne's pumps £850,000 into north east club upgrades
25 Feb 2014
Bannatyne Group eases debts with £92m sale and leaseback deal
13 Feb 2014
Joanne Bannatyne opens gym near ex-husband's health club
08 Jan 2014
Industry verdict on Bannatyne’s discounting claim
It’s all change at The Bannatyne Group, where just days after Health Club Management revealed Justin Musgrove to be the new MD, Ken Campling has been appointed finance director of the Group’s gym arm – Bannatyne Fitness. The latest personnel change comes as The Bannatyne Group deals with the fallout from the recent arrest of its then director of finance, Christopher Watson. He is being investigated over an alleged multi-million
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