Try GOLD - Free
Revenue up, but so are Puregym’s losses
The Journal
|May 30, 2025
PUREGYM, the Leeds-based budget fitness chain, has reported a pre-tax loss of £88.5m for its latest financial year, an increase from the previous year’s loss of £77.6m.
In 2024, the company expanded its workforce from 6,785 to 7,579 and opened 102 new locations.
The figures, recently submitted to Companies House, follow PureGym’s announcement in April that it had boosted its turnover to nearly £605m in 2024.
The firm also reported that its EBITDA (earnings before interest, taxes, depreciation and amortisation) had grown by 10.5%to £256m.
PureGym attributed its increased net loss to rising debt levels, incurred as a result of acquiring Blink Fitness.
Finance costs rose to £183.7m in 2024, up from £173.2m, and debt increased from £665.8m in 2023 to £784.7m..
Founded in 2009 by Peter Roberts, PureGym operates gyms in the USA, Denmark and Switzerland as well as across the UK.
This story is from the May 30, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
NS&I revamp in trouble
THE Government-backed NS&I is facing a bill of £3 billion and a four-year delay for its major digital revamp, having “underestimated” the scale of the challenge, the pubic spending watchdog has said.
1 min
November 14, 2025
The Journal
Update for residents' survey result
GATESHEAD Council says it is poised to publish the results of its residents' survey amid Liberal Democrat complaints.
1 min
November 14, 2025
The Journal
Changes at the force
NORTHUMBRIA and Durham have seen five permanent police and crime commissioners, and they have all done good jobs.
1 min
November 14, 2025
The Journal
Residents attack plans for 24-hour slot casino
PLANS to allow a 24-hour slots casino to open in North Shields despite an initial refusal by the council have been slammed as “a disaster”.
2 mins
November 14, 2025
The Journal
Time to break Brexit pledge
IT’S encouraging that Labour ministers have recently been more willing to acknowledge the damage Brexit has done - and continues to do - to Britain.
1 min
November 14, 2025
The Journal
Talented Cole was no ordinary Joe
LEDLEY KING says Joe Cole is the most talented youngster he has ever seen with England.
1 min
November 14, 2025
The Journal
Cats tried to sign me, says keeper
POLAND international Marcin Bulka has confirmed Sunderland made an offer to sign him during the summer transfer window.
1 mins
November 14, 2025
The Journal
KING: I HAD TO QUIT OR END UP IN WHEELCHAIR
LEDLEY KING was told he would be in a wheelchair by his 30s if he didn’t retire early.
1 min
November 14, 2025
The Journal
Wood is doubt for first Ashes Test
MARK Wood has emerged as a major doubt for England's first Ashes Test after suffering a hamstring injury on day one of their only pre-series warm-up match.
2 mins
November 14, 2025
The Journal
Fans' terrace chant was music to my ears, admits Magpies star
NEWCASTLE United defender Malick Thiaw has revealed he will ‘never forget’ the moment he first heard his chant being sung from the terraces, writes SEAN McCORMICK.
1 min
November 14, 2025
Listen
Translate
Change font size