THE GYM GROUP PLC (LON:GYM)

Consumer

The Gym Group plc is a UK-based holding company, which offers gym memberships and health & fitness facilities across the UK. It was founded in the year 2007 and its headquarters are in Croydon, UK. Since 2015, the company is listed and traded on the London Stock Exchange and is a part of the FTSE SmallCap Index. The subsidiaries of the company include The Gym Group Midco2 Limited, The Gym Group Operations Limited, Gym Group Midco1 Limited, and The Gym Limited.  

The company focuses on creating a chain of high-quality and affordable gyms to increase its levels of membership. Its business model is based on the concept of economies of scale as the overall cost decreases with increasing membership, which increases the average returns. The objective of the company is to create a diversified portfolio of high-quality assets, which help in maximising the long-term risk adjusted returns for all shareholders. Its operations are run across 183 sites in the UK, and it is continuously looking for opportunities to expand its operations to become the UK’s top capitalised gym business. With 587,000 members, it holds the #5 position among the largest gym operators across Europe. Besides its low-cost and high-quality services, the gyms also offer 24X7 access to training facilities, personal trainers, customer friendly staff, on-demand fitness classes, and free group exercise classes etc. It also provides a free app to enhance the digital experience of customers and has over 400,000 active users. The company has received many awards and recognitions for its exceptional service, such as the Feefo Trusted Service award in 2018, as per the real customer ratings. For three years consecutively, it has also received title of UK National Champion in the European Business Awards

The Gym Group plc follows a well-defined framework of corporate governance and aligns itself with the UK Corporate Governance Code. It has an ethical code of conduct for running its business operations and endorses a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It follows strict policies regarding human rights, whistleblowing, anti-bribery etc. and complies with international best practices and guidelines to create a sustainable business. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community. It aligns its business objectives with the UN Sustainable Development Goals, as prepares a sustainability report as per the Global Reporting Initiative (GRI) Standards, to enhance its transparency in reporting as a responsible business.

Contact Information

company address Fifth Floor, No 1 Croydon, 12-16 Addiscombe Road, Croydon, CR0 0XT United Kingdom

company phone08528493

company websitehttps://www.tggplc.com/

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