Pure Gym claims to have become the largest gym operator in the UK with in excess of 500,000 members, just six years after it first opened its doors.
The business, which operates 91 24-hour gyms across the UK, opened 24 sites last year. Its members pay monthly fees with no contract commitments.
Pure Gym said yesterday that its pre-tax profits jumped more than four times to £10 million in 2014 after its membership total jumped by almost half to 420,000, with its numbers crossing the half million mark last month.
Founder and executive chairman Peter Roberts said: “In 2014 we delivered impressive financial performance whilst managing significant expansion. We have further exciting expansion plans for 2015.”
The firm said it planned to open between 30 and 40 sites this year. It is understood to be one of the contenders in the £80m auction to buy LA fitness, which runs 47 clubs.