THE GYM LIMITED

1. THE GYM LIMITED 2006-10-17 → present
2. INGLEBY (1692) LIMITED 2005-12-21 → 2006-10-17

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board has reviewed the financial plan and downside scenarios of the Company and Group and has a reasonable expectation that the Group has adequate resources to continue in operational existence for the period to 30 June 2026. As a result and based upon a letter of support from The Gym Group plc, the Directors continue to adopt the going concern basis in preparing these financial statements.”

Significant events

• “We invested £12.2m in our mature gyms in 2024, upgrading facilities and equipment in over 100 sites with more comprehensive enhancement projects in 15 of them.”
• “We opened 12 new gyms in 2024, at the top end of our guidance of 10-12 openings, eight of which opened in the second half.”
• “Tina Koehler joined us as Chief Commercial Officer in September 2024. Hamish Latchem joined us in December 2024 as Chief Property Officer.”
• “David Melhuish, who after a decade at The Gym Group in senior roles, retired at the end of the financial year, with our thanks and best wishes.”
• “On 28 June 2024, the Group agreed a new facilities agreement with its existing banking syndicate, which came into effect on 1 July 2024. Under the new agreement, the Group has in place a combined £90m facility, consisting of £45m of Term Loan and £45m of RCF.”
• “Grant Thornton UK LLP has been appointed by the Board on the recommendation of the Audit and Risk Committee, to conduct the audit of the Company's financial statements for the year ending 31 December 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10.9%

  £204,000,000 → £226,300,000

• Cash

  +107.1%

  £1,400,000 → £2,900,000

• Net assets

  +13.4%

  £56,000,000 → £63,500,000

• Employees

  +0.3%

  1,831 → 1,837

• Operating profit

  +153.7%

  £6,700,000 → £17,000,000

• Profit before tax

  +128.6%

  -£8,400,000 → £2,400,000

• Wages

  +14.4%

  £37,500,000 → £42,900,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers