August 26, 2016 8:18 AM ET

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Company Overview of Fitness First Ltd

Company Overview

Fitness First Ltd. owns and operates fitness clubs and gyms. The company offers freestyle training, outdoor group training, group exercise, cardio training, strength training, and one-to-one training services. It also provides lifestyle coaching, fitness plans, and nutritional advisory services. The company was founded in 1993 and is based in Poole, United Kingdom with clubs in the United Kingdom and internationally. It operates gyms in Basildon, Basingstoke, Bath, Bedford, Belfast, Birmingham, Bournemouth, Brentwood, Brighton, Bristol, Bromborough, Camberley, Cannock, Cheltenham, Exeter, High Wycombe, Ilford, Ipswich, Jersey, Lichfield, London, Mere Green, Poole, Portsmouth, Romford, Solihu...

58 Fleets Lane

Poole,  BH15 3BT

United Kingdom

Founded in 1993

Phone:

44 1202 666 212

Fax:

44 1202 683510

Key Executives for Fitness First Ltd

Chief Executive Officer
Age: 61
Co-Founder, Chairman, and Director
Age: 63
Chief Financial Officer
Age: 59
International Operations Director and Director
Age: 63
UK Managing Director
Compensation as of Fiscal Year 2016.

Fitness First Ltd Key Developments

Fitness First On The Block

Fitness First Ltd has been put up for sale.HSBC Holdings plc (LSE:HSBA) and Harris Williams LLC have been appointed to look at a potential sale or break-up of the health clubs business, by Oaktree Capital Management, L.P. “The success of the transformation has meant that people have started to pay attention to the business and it has been approached by a number of parties who have expressed interest,” said Oren Peleg, Fitness First’s Chief Executive Officer, in an interview with The Sunday Telegraph. Harris Williams is looking at Fitness First’s 73-club strong UK business. HSBC, meanwhile, is assessing the company’s operations in Asia, India, Australia and Germany. Fitness First, however, insisted that no decisions have yet been made, indicating it is possible Oaktree may decide against a deal.

Lendlease Partners with Fitness First to Open Two New Sites at Barangaroo South

Lendlease has partnered with Fitness First to open two new sites at Barangaroo South on Sydney Harbour in Australia. The new offering will include a Platinum Club occupying 1,200m2 of space in Tower One of International Towers Sydney and a world-first Wellness Studio providing Pilates, yoga, BARRE and relaxation classes to Fitness First Platinum members. It is anticipated that Fitness First at Barangaroo will open in Spring 2016.

Fitness First Teaming Up With Pure Gym

Fitness First Ltd is considering teaming up with Pure Gym Limited in the final round of the £80 million auction of LA Fitness Limited in a bid to sidestep potential competition issues. Industry sources suggested that Fitness First, which has 75 clubs in Britain, could take the 12 LA clubs in central London, giving Pure Gym the chance to buy the other 30 or so. LA was put up for sale through Canaccord Genuity.

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