Bannatyne Fitness Ltd
TypePrivate
IndustryHealth club, Spa, Hotel
Founded1997 (1997)
FounderDuncan Bannatyne
HeadquartersDarlington, County Durham
Websitehttp://www.bannatyne.co.uk

Bannatyne is the trading name of Bannatyne Fitness Ltd which operates a United Kingdom-based chain of health clubs founded by Scottish businessman Duncan Bannatyne.

History

The Bannatyne Health Clubs chain began in 1997 with the first club built in Ingleby Barwick, North Yorkshire.[1]

It was reported in March 2016 that the company was planning a £300m float, listing on AIM.[2] However, this proposed float was pulled in May 2016 due to unspecified "regulatory scrutiny" of the move.[3]

Personnel

In 2016, Justin Musgrove, formerly the Managing Director, took on the role of Chief Executive Officer, Ken Campling was appointed as Chief Financial Officer and Board Director and Anthony Elliott as Director of Operations.[4]

Portfolio

As of December 2023, Bannatyne has 69 health clubs, 45 spas and three hotels across the UK. [5]

On 9 August 2006, Bannatyne Fitness Ltd acquired the LivingWell Premier Health club chain from the Hilton Hotel UK Group.[6] The company also bought Clarice House and Xpect Leisure in 2015, growing its membership by 14% over the year to 186,456.[1]

Fraud

In November 2015, former finance director Christopher Watson was jailed after pleading guilty to defrauding the Bannatyne Group of nearly £8 million.[7]

References

  1. 1 2 "Bannatyne Group invests in new facilities at Bristol health club". www.recognitionpr.co.uk. Retrieved 2016-06-06.
  2. ↑ Shah, Oliver (27 March 2016). "Bannatyne fit to float". The Sunday Times. Archived from the original on April 11, 2016. Retrieved 6 June 2016.
  3. ↑ Nimmo, Jamie (24 May 2016). "Duncan Bannatyne shelves float of gym firm". London Evening Standard. Retrieved 6 June 2016.
  4. ↑ Hardesty, Jamie. "This week's North East appointments". Bdaily Business News. Retrieved 2016-06-06.
  5. ↑ "Home". www.bannatyne.co.uk.
  6. ↑ "'Dragons' Den' Bannatyne buys LivingWell gyms". The Independent. 2006-08-09. Retrieved 2016-06-06.
  7. ↑ "Bannatyne Group £7.9m fraud probe: Christopher Watson guilty". BBC News. 9 November 2015. Retrieved 6 June 2016.
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