Gymbox is a London-based gym chain operating large-format fitness clubs that offer extensive free weights areas, running tracks, boxing facilities and a broad schedule of classes. The company plans to roll out additional new sites across London within the next 12 months, including a new Farringdon-based 42,000 sq ft gym. The Farringdon site will feature a three-lane running track, an Olympic-sized boxing ring, a large free weights area and will make more than 150 classes available every week. Led by CEO and founder Richard Hilton, Gymbox focuses on high-spec fitness spaces and class programming. In the last 12 months the company generated revenues of £16m and EBITDA of £5.5m. The near-term expansion is financed to support site openings and growth across London. Gymbox is a UK-based boutique gym chain operating multiple clubs in London, including Holborn, Farringdon, Covent Garden, Bank and Westfield. Founded in 2001 by Richard Hilton, the company opened its first gym in Holborn in September 2003. It currently has 13,400 members and is expected to turnover £10m with an EBITDA of £3.5m in the year ending October 2014. Gymbox plans to use new funding to continue its site roll-out in London, adding three additional sites, and to open further gyms in London and other UK cities. The company received a £10m growth capital investment from Business Growth Fund. Paul Campbell joined the board as Non-Executive Chairman. Gymbox is a London-based health club business operating gyms in central London. It runs locations in Holborn, Covent Garden and Bank and offers club facilities to consumers. The company plans to use new capital to finance additional Gymbox sites, initially within London and then elsewhere in the UK. Gymbox was founded in 2000 by Richard Hilton, MD. In the year to 31 October 2009 the firm reported turnover of £4.2m and EBITDA of £1.0m. The new funding is intended to support the company’s site expansion strategy.

Total raised

$66M

Funding rounds

4

Latest round

Equity

Latest activity

Oct 2016