GYM GROUP SWEATS OUT RECORD REVENUES

The Gym Group, the low cost gym, has grown annual turnover by 88 per cent to £13.5m in what it said was an “outstanding” year. Chief executive John Treharne said membership at its gyms rose 67 per cent to 96,000. With six new sites now open, The Gym Group expects 35 centres to be open or in fit-out by the end of the year. The firm is backed by Sir Ronald Cohen’s investment firm Bridges Ventures.