“Gymbox, the cutting-edge gym chain famous for its bold advertising, eclectic classes and award-winning interiors, has secured a £39m funding package to continue its expansion plans. BGF has provided an additional £13m of equity finance whilst HSBC, which has banked the company for over 13 years, is continuing to support the business with a debt package totalling £26m. This latest round of funding brings BGF’s total investment to £25m and is further evidence of its commitment to support the UK’s small and medium sized community following the Brexit referendum.
Gymbox will roll-out further new sites across London within the next 12 months. This includes its largest and most inspiring gym to date, which is under construction in Farringdon. The new 42,000 sq ft gym will feature a three lane running track, an Olympic sized boxing ring and the largest free weights area in the Capital. More than 150 classes will be available every week, including fitness concepts never before seen in the UK such as Circus Fit, a combination of trapeze skills, aerial hoop and acrobatics.
Under the leadership of CEO and founder Richard Hilton, Gymbox has experienced consistent growth since opening its first gym in 2003 and in the last 12 months generated revenues and EBITDA of £16m and £5.5m respectively. The eight London based gyms have in excess of 22,000 members and according to Cool Brands is ‘the must-go destination for fitness-savvy Londoners’.
Following BGF’s initial investment in July 2014, the business has opened sites in Old Street, Westfield Stratford and Victoria and has almost doubled its EBITDA during this period.
Gymbox was advised by Ali Aneizi of TAMWEEL CAPITAL, an investor in the business and corporate finance advisor to the company.”
Apple was born in a garage, we were born in a car park. It was 2003, it was in the heart of the West End and our neighbours were definitely not our biggest fans. …. we hired the architectural legends behind the world-famous Hacienda nightclub in Manchester and turned our car park in Holborn into a place where working out felt like going out and exercise was hot and sweaty fun.
- Web -
|NEWINCCO 444 LIMITED||2005-05-18 - 2005-05-31|
- 5755 Recreational Services
- Company Number
- Private Limited Company
- Company Age
- 13 years
- May 18, 2005
- Nature of Business
- 93130 - Fitness facilities
- Year End
- October 31
- Accounts Due
- July 31, 2019
- Latest Accounts
- October 31, 2017
Go Hannah Go! 💪💪💪💪 https://t.co/mBFpWFkzwT
Checking your bank account post bank holiday weekend like 😳 || #TheAntidoteToBoringGyms #Gymbox https://t.co/YQdQNpep52
RT @_Syriana_: Me going to @GYMBOXofficial later on today https://t.co/Mj0rRMoWi7
And they're the only eggs we'll be eating for the foreseeable future 😇 || #TheAntidoteToBoringGyms #Gymbox https://t.co/CsBSQBRwyP
@danhawkinsuk Ah we love feedback like this! We’ll definitely pass it on 😎
@emmalcmcm You won't regret it!
@LuNicholls I mean, we're biased but why not try us out on a day pass and ask reception to book you in for a class?… https://t.co/wIC50njV7A
@RobynHoldaway @LizzieHux @TheCrownNetflix Great combo!!!